Manufacturers Bank

Headquarters

515 South Figueroa Street, Ground Floor
Los Angeles, CA 90071
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 0.65% →
1-Year CD 0.55% 0.70% →
2-Year CD 0.65% 0.75% →
5-Year CD 0.75% 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Manufacturers Bank is an FDIC insured institution located in Los Angeles, CA. It was founded in 1962 and has approximately $3.93 billion in assets. Customers can open an account at one of its 10 branches.

FDIC Insured Yes
FDIC Certificate # 18618
Date Established 1962
Assets $ 3.93 billion
Loans $ 2.22 billion
Deposits $ 3.13 billion
Capital $ 394.44 million
 

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

Deposit Rates - June 12, 2021

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.01% $2,500 $2,999 Learn More
Money Market
0.01% $10,000 $14,999 Learn More
Money Market
0.01% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.10% $10,000 $14,999 Learn More
6 Mo CD
0.10% $100,000 $199,999 Learn More
12 Mo CD
0.55% $10,000 $14,999 Learn More
12 Mo CD
0.55% $100,000 $199,999 Learn More
18 Mo CD
0.55% $10,000 $14,999 Learn More
18 Mo CD
0.55% $100,000 $199,999 Learn More
24 Mo CD
0.65% $10,000 $14,999 Learn More
24 Mo CD
0.65% $100,000 $199,999 Learn More
36 Mo CD
0.70% $10,000 $14,999 Learn More
36 Mo CD
0.70% $100,000 $199,999 Learn More
48 Mo CD
0.75% $10,000 $14,999 Learn More
48 Mo CD
0.75% $100,000 $199,999 Learn More
60 Mo CD
0.75% $10,000 $14,999 Learn More
60 Mo CD
0.75% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.01% $2,500 $3,499 Learn MoreShow Less
 

Loan Rates - June 12, 2021

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Manufacturers Bank

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




Featured - Virginia 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.652% 2.625%
0.38 points
$898 fees
$1,005 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.368% 3.250%
1.00 points
$3,750 fees
$1,089 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.990 %
After Intro: 4.840 %
Intro Period: 12 months
$0 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
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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

Note to Manufacturers Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Manufacturers 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:
Ashburn,Virginia


Manufacturers Bank Locations


Financial Details

Manufacturers Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Manufacturers 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
Manufacturers Bank U.S. Bank Average
0.7% 5.49%

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 December 31, 2020, Manufacturers Bank had $2,498,000 in non-current loans and $550,000 in owned real estate. To cover these potential losses it had $394,438,000 in equity and $38,538,000 in loans loss reserves. That gives it a Texas Ratio of 0.7%.

Return on Equity
Manufacturers Bank U.S. Bank Average
5.22% 9.24%

Manufacturers Bank has a Return on Equity of 5.22% versus the BestCashCow average of 9.24%. 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
Manufacturers Bank U.S. Bank Average
10.03% 11.96%

Manufacturers Bank has a Capitalization of 10.03% versus the BestCashCow average of 11.96. 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.

Manufacturers Bank Balance Sheet Analysis

As of December 31, 2020, Manufacturers Bank had assets of $3,932,983,000, loans of $2,219,661,000, and deposits of $3,125,338,000. 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

December 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 557.33 million
Interest-bearing balances $ 504.24 million
Total securities $ 1,063.86 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 2.22 billion
Loan loss allowance $ 38.54 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.55 million
Goodwill and other intangibles N.A.
All other assets $ 86.25 million
     Total Assets $ 3.54 billion
LIABILITIES
Total deposits $ 3.13 billion
      Interest-bearing deposits $ 2.47 billion
      Deposits held in domestic offices $ 3.13 billion
      % insured (estimated) 43.95%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 354.28 million
Subordinated debt N.A.
All other liabilities $ 58.92 million
      Total Liabilities $ 3.54 billion
      Shareholders’ Equity $ 394.44 million

Summary Income Statement

December 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 96.19 million
Total Interest Expense $ 17.89 million
Net interest income $ 78.31 million
Provision for loan and lease losses $ 3.56 million
Total non interest income $ 6.74 million
Total non interest expense $ 53.13 million
Pre-tax Net Operating Income $ 28.36 million

Bank Loan Profile?

The top three loan types in Manufacturers Bank’s loan portfolio are Commercial and Industrial Loans, Commercial Real Estate, and Construction and Development Loans.

Compared to other banks in California, Manufacturers Bank has a significantly higher percent of Construction and Development Loans, Commercial and Industrial Loans on its balance sheet, potentially indicating a specialty in that lending area.

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 1.24
Multifamily
Mortgages
8.62
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.87
Construction and Development Loans 11.78
Commercial Real Estate 33.64
Commercial and Industrial Loans 46.43
Farm Loans 0.00

Frequently Asked Questions About Manufacturers Bank

Branches and Savings

Is Manufacturers Bank FDIC insured?

Yes. It is covered under FDIC Certificate #18618.

Why does Manufacturers Bank pay such low interest on savings accounts?

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

Why are Manufacturers Bank CD rates not competitive?

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

Is Manufacturers Bank a commercial bank?

Yes

Where are Manufacturers Bank locations?

See branch locations nearby.

Is Manufacturers Bank open on Saturdays?

Is Manufacturers Bank open on Sundays?

What time does Manufacturers Bank open?

What time does Manufacturers Bank close?

Are Manufacturers Bank ATMs Open 24/7?

Do Manufacturers Bank ATMs accept cash deposits?

Can Manufacturers Bank customers use other ATMs?

Do Manufacturers Bank branches have notaries?

Will Manufacturers Bank notarize my document?

What address for Manufacturers Bank should I put for incoming ACH transfers?

Will the Manufacturers Bank branch print checks?

Do Manufacturers Bank checks expire?

Does Manufacturers Bank require US citizenship to open account?

Can Manufacturers Bank close my account?

Does Manufacturers Bank Report to credit bureaus?

Does Manufacturers Bank Use Equifax?

What is Manufacturers Bank's ACH Routing Number?

What is Manufacturers Bank's SWIFT code?

Products

Does Manufacturers Bank offer mortgages?

Compare mortgage rates here.

Does Manufacturers Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Manufacturers Bank offer personal loans?

Compare personal loan rates here.

Does Manufacturers Bank offer student loans?

Will Manufacturers Bank cash a check?

Will Manufacturers Bank redeem a savings bond?

Does Manufacturers Bank cash savings bonds?

Will Manufacturers Bank cash money orders?

Can Manufacturers Bank issue a money order?

Does Manufacturers Bank do currency exchange?

Background on The Bank

Who owns Manufacturers Bank?

How long has Manufacturers Bank been around?

Can Manufacturers Bank transfer to other banks?

Does Manufacturers Bank have quick pay?

Does Manufacturers Bank accept rolled coins?

Will Manufacturers Bank accept loose change?

Where is Manufacturers Bank headquarters?

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