Nano Banc

Headquarters

7700 Irvine Center Dr 700
Irvine, CA 92618
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.35% 1.40% →
1-Year CD 0.80% 1.15% →
2-Year CD 0.80% 1.26% →
5-Year CD N.A. 1.56% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Nano Banc is an FDIC insured institution located in Irvine, CA. It was founded in 2007 and has approximately $1.03 billion in assets.

FDIC Insured Yes
FDIC Certificate # 58590
Date Established 2007
Assets $ 1,026.64 million
Loans $ 752.70 million
Deposits $ 937.08 million
Capital $ 85.45 million
 

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

Deposit Rates - July 14, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.35% $2,500 $4,999 Learn More
Money Market
0.20% $2,500 $2,999 Learn More
Money Market
0.40% $10,000 $14,999 Learn More
Money Market
0.40% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.30% $10,000 $14,999 Learn More
3 Mo CD
0.55% $100,000 $199,999 Learn More
6 Mo CD
0.35% $10,000 $14,999 Learn More
6 Mo CD
0.65% $100,000 $199,999 Learn More
12 Mo CD
0.55% $10,000 $14,999 Learn More
12 Mo CD
0.80% $100,000 $199,999 Learn More
18 Mo CD
0.55% $10,000 $14,999 Learn More
18 Mo CD
0.80% $100,000 $199,999 Learn More
24 Mo CD
0.55% $10,000 $14,999 Learn More
24 Mo CD
0.80% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.10% $1 $99 Learn MoreShow Less
Int Ckg
0.10% $2,500 $3,499 Learn MoreShow Less

Loan Rates - July 14, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Nano Banc

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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.951% 2.875% 1.00 $2,445 $1,038 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info

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

Branches

Nano Banc 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


Nano Banc Locations


Financial Details

Nano Banc Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Nano Banc. 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
Nano Banc U.S. Bank Average
0.55% 6.94%

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, 2020, Nano Banc had $509,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $85,448,000 in equity and $6,383,000 in loans loss reserves. That gives it a Texas Ratio of 0.55%.

Return on Equity
Nano Banc U.S. Bank Average
5.21% 7.80%

Nano Banc has a Return on Equity of 5.21% versus the BestCashCow average of 7.80%. 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
Nano Banc U.S. Bank Average
8.32% 12.68%

Nano Banc has a Capitalization of 8.32% versus the BestCashCow average of 12.68. 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.

Nano Banc Balance Sheet Analysis

As of March 31, 2020, Nano Banc had assets of $1,026,643,000, loans of $752,702,000, and deposits of $937,084,000. 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, 2020
ASSETS
Cash & Balances due from depository institutions $ 220.97 million
Interest-bearing balances $ 218.71 million
Total securities $ 27.92 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 752.70 million
Loan loss allowance $ 6.38 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 9.84 million
All other assets $ 13.03 million
     Total Assets $ 941.20 million
LIABILITIES
Total deposits $ 937.08 million
      Interest-bearing deposits $ 208.48 million
      Deposits held in domestic offices $ 937.08 million
      % insured (estimated) 19.56%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 4.11 million
      Total Liabilities $ 941.20 million
      Shareholders’ Equity $ 85.45 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 9.70 million
Total Interest Expense $ 0.76 million
Net interest income $ 8.94 million
Provision for loan and lease losses $ 0.63 million
Total non interest income $ 0.16 million
Total non interest expense $ 6.92 million
Pre-tax Net Operating Income $ 1.56 million

Bank Loan Profile?

The top three loan types in Nano Banc’s loan portfolio are Commercial and Industrial Loans, Commercial Real Estate, and Multifamily Mortgages.

Compared to other banks in California, Nano Banc has a significantly higher percent of 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 6.41
Multifamily
Mortgages
18.16
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 2.20
Commercial Real Estate 34.25
Commercial and Industrial Loans 39.77
Farm Loans 0.00

Frequently Asked Questions About Nano Banc

Branches and Savings

Is Nano Banc FDIC insured?

Yes. It is covered under FDIC Certificate #58590.

Why does Nano Banc pay such low interest on savings accounts?

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

Why are Nano Banc CD rates not competitive?

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

Is Nano Banc a commercial bank?

Yes

Where are Nano Banc locations?

See branch locations nearby.

Is Nano Banc open on Saturdays?

Is Nano Banc open on Sundays?

What time does Nano Banc open?

What time does Nano Banc close?

Are Nano Banc ATMs Open 24/7?

Do Nano Banc ATMs accept cash deposits?

Can Nano Banc customers use other ATMs?

Do Nano Banc branches have notaries?

Will Nano Banc notarize my document?

What address for Nano Banc should I put for incoming ACH transfers?

Will the Nano Banc branch print checks?

Do Nano Banc checks expire?

Does Nano Banc require US citizenship to open account?

Can Nano Banc close my account?

Does Nano Banc Report to credit bureaus?

Does Nano Banc Use Equifax?

What is Nano Banc's ACH Routing Number?

What is Nano Banc's SWIFT code?

Products

Does Nano Banc offer mortgages?

Compare mortgage rates here.

Does Nano Banc offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Nano Banc offer personal loans?

Compare personal loan rates here.

Does Nano Banc offer student loans?

Will Nano Banc cash a check?

Will Nano Banc redeem a savings bond?

Does Nano Banc cash savings bonds?

Will Nano Banc cash money orders?

Can Nano Banc issue a money order?

Does Nano Banc do currency exchange?

Background on The Bank

Who owns Nano Banc?

How long has Nano Banc been around?

Can Nano Banc transfer to other banks?

Does Nano Banc have quick pay?

Does Nano Banc accept rolled coins?

Will Nano Banc accept loose change?

Where is Nano Banc headquarters?

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