Los Padres Bank

Headquarters

610 Alamo Pintado Road
Solvang, CA 93463
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 2.53% →
1-Year CD N.A. 2.79% →
2-Year CD N.A. 3.20% →
5-Year CD N.A. 3.65% →
30-Year Mortgage N.A. 6.31% →
15-Year Mortgage N.A. 5.86% →
HELOC N.A. 2.79% →

2022 Overview

General Bank Information

Los Padres Bank is an FDIC insured institution located in Solvang, CA. It was founded in 1982 and has approximately $0.87 billion in assets.

Los Padres Bank, Solvang, California, was closed August 20, 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 Pacific Western Bank, San Diego, California, to assume all of the deposits of Los Padres Bank.

FDIC Insured Yes
FDIC Certificate # 32165
Date Established 1982
Assets $ 956.05 million
Loans $ 573.16 million
Deposits $ 805.92 million
Capital $ 50.44 million
 

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

Deposit Rates - August 7, 2022

Your Current Location: California, CA 92111

 

Loan Rates - August 7, 2022

Your Current Location: California, CA 92111

There are currently no loan rates available for Los Padres Bank

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




Featured - California 30 Year Fixed Mortgage Rates 2022

Lender APR Rate (%) Monthly
Payment
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Morty, Inc.
NMLS ID: 1429243
4.709% 4.625%
1.00 points
$2,458 fees
$1,286 Learn More
Choicelend Mortgage
NMLS ID: 292770
License#: 01739645
4.584% 4.500%
1.00 points
$2,472 fees
$1,267 Learn More
AimLoan.com
NMLS ID: 2890
License#: 413-0477
4.960% 4.875%
0.63 points
$2,460 fees
$1,324 Learn More

Featured - California Home Equity Line Of Credit Rates 2022

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 4.990 %
After Intro: 6.250 %
Intro Period: 12 months
$25,000 Learn More
More Info

Note to Los Padres Bank
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Branches

Los Padres Bank 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:
San Diego,California


Los Padres Bank Locations



Climate Initiatives

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

Financial Details

Los Padres Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Los Padres Bank. 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
Los Padres Bank U.S. Bank Average
35.12% 4.01%

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 March 31, 2022, Los Padres Bank had $20,673,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $50,438,000 in equity and $8,434,000 in loans loss reserves. That gives it a Texas Ratio of 35.12%.

Return on Equity
Los Padres Bank U.S. Bank Average
-35.98% 9.01%

Los Padres Bank has a Return on Equity of -35.98% versus the BestCashCow average of 9.01%. 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
Los Padres Bank U.S. Bank Average
5.28% 10.66%

Los Padres Bank has a Capitalization of 5.28% versus the BestCashCow average of 10.66. 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.

Los Padres Bank Balance Sheet Analysis

As of November 30, -0001, Los Padres Bank had assets of $866,459,000, loans of $573,158,000, and deposits of $805,919,000. 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

March 31, 2022
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 $ 573.16 million
Loan loss allowance $ 8.43 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 $ 805.92 million
      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 $ 956.05 million

Summary Income Statement

March 31, 2022
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 Los Padres Bank’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Los Padres Bank’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

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