La Jolla Bank, FSB

Headquarters

888 Prospect Street
La Jolla, CA 92037
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.75% →
2-Year CD N.A. 0.80% →
5-Year CD N.A. 1.25% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

La Jolla Bank, FSB is an FDIC insured institution located in La Jolla, CA. It was founded in 1985 and has approximately $3.65 billion in assets.

La Jolla Bank, FSB, La Jolla, California, was closed February 26, 2010 by the Office of Thrift Supervision, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with OneWest Bank, FSB, Pasadena, California, to assume all of the deposits of La Jolla Bank, FSB.

FDIC Insured Yes
FDIC Certificate # 32423
Date Established 1985
Assets $ 3.65 billion
Loans $ 3.18 billion
Deposits $ 2.80 billion
Capital $ 28.51 million
 

For a more detailed analysis of La Jolla Bank, FSB's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - October 24, 2021

Your Current Location: Connecticut, CT 06828

 

Loan Rates - October 24, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for La Jolla Bank, FSB

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.904% 2.875%
0.38 points
$928 fees
$1,038 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to La Jolla Bank, FSB
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Branches

La Jolla Bank, FSB branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


La Jolla Bank, FSB Locations



Climate Initiatives

La Jolla Bank, FSB is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

Financial Details

La Jolla Bank, FSB Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of La Jolla Bank, FSB. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
La Jolla Bank, FSB U.S. Bank Average
599.41% 4.78%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of June 30, 2021, La Jolla Bank, FSB had $739,828,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $28,506,000 in equity and $94,921,000 in loans loss reserves. That gives it a Texas Ratio of 599.41%.

Return on Equity
La Jolla Bank, FSB U.S. Bank Average
-101.94% 11.29%

La Jolla Bank, FSB has a Return on Equity of -101.94% versus the BestCashCow average of 11.29%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
La Jolla Bank, FSB U.S. Bank Average
0.78% 11.72%

La Jolla Bank, FSB has a Capitalization of 0.78% versus the BestCashCow average of 11.72. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

La Jolla Bank, FSB Balance Sheet Analysis

As of November 30, -0001, La Jolla Bank, FSB had assets of $3,646,071,000, loans of $3,184,507,000, and deposits of $2,799,362,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

June 30, 2021
ASSETS
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 3.18 billion
Loan loss allowance $ 94.92 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 2.80 billion
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 3.65 billion

Summary Income Statement

June 30, 2021
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in La Jolla Bank, FSB’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, La Jolla Bank, FSB’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About La Jolla Bank, Fsb

Branches and Savings

Is La Jolla Bank, Fsb FDIC insured?

Yes. It is covered under FDIC Certificate #32423.

Why does La Jolla Bank, Fsb pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are La Jolla Bank, Fsb CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is La Jolla Bank, Fsb a commercial bank?

Yes

Where are La Jolla Bank, Fsb locations?

See branch locations nearby.

Is La Jolla Bank, Fsb open on Saturdays?

Is La Jolla Bank, Fsb open on Sundays?

What time does La Jolla Bank, Fsb open?

What time does La Jolla Bank, Fsb close?

Are La Jolla Bank, Fsb ATMs Open 24/7?

Do La Jolla Bank, Fsb ATMs accept cash deposits?

Can La Jolla Bank, Fsb customers use other ATMs?

Do La Jolla Bank, Fsb branches have notaries?

Will La Jolla Bank, Fsb notarize my document?

What address for La Jolla Bank, Fsb should I put for incoming ACH transfers?

Will the La Jolla Bank, Fsb branch print checks?

Do La Jolla Bank, Fsb checks expire?

Does La Jolla Bank, Fsb require US citizenship to open account?

Can La Jolla Bank, Fsb close my account?

Does La Jolla Bank, Fsb Report to credit bureaus?

Does La Jolla Bank, Fsb Use Equifax?

What is La Jolla Bank, Fsb's ACH Routing Number?

What is La Jolla Bank, Fsb's SWIFT code?

Products

Does La Jolla Bank, Fsb offer mortgages?

Compare mortgage rates here.

Does La Jolla Bank, Fsb offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does La Jolla Bank, Fsb offer personal loans?

Compare personal loan rates here.

Does La Jolla Bank, Fsb offer student loans?

Will La Jolla Bank, Fsb cash a check?

Will La Jolla Bank, Fsb redeem a savings bond?

Does La Jolla Bank, Fsb cash savings bonds?

Will La Jolla Bank, Fsb cash money orders?

Can La Jolla Bank, Fsb issue a money order?

Does La Jolla Bank, Fsb do currency exchange?

Background on The Bank

Who owns La Jolla Bank, Fsb?

How long has La Jolla Bank, Fsb been around?

Can La Jolla Bank, Fsb transfer to other banks?

Does La Jolla Bank, Fsb have quick pay?

Does La Jolla Bank, Fsb accept rolled coins?

Will La Jolla Bank, Fsb accept loose change?

Where is La Jolla Bank, Fsb headquarters?

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