Nara Bank


3731 Wilshire Boulevard, Suite 1000
Los Angeles, CA 90010
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

Nara Bank is an FDIC insured institution located in Los Angeles, CA. It was founded in 1989 and has approximately $3.01 billion in assets.

FDIC Insured Yes
FDIC Certificate # 27530
Date Established 1989
Assets $ 3.01 billion
Loans $ 2.24 billion
Deposits $ 2.27 billion
Capital $ 412.49 million

For a more detailed analysis of Nara Bank'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 Nara Bank

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
Learn More
First Internet Bank
NMLS ID: 424182
2.946% 2.875%
0.88 points
$2,280 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 Nara Bank
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Climate Initiatives

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Financial Details

Nara Bank Ratio Analysis

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

Texas Ratio
Nara Bank U.S. Bank Average
8.09% 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, Nara Bank had $33,409,000 in non-current loans and $4,838,000 in owned real estate. To cover these potential losses it had $412,493,000 in equity and $60,009,000 in loans loss reserves. That gives it a Texas Ratio of 8.09%.

Return on Equity
Nara Bank U.S. Bank Average
8.48% 11.29%

Nara Bank has a Return on Equity of 8.48% 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.

Nara Bank U.S. Bank Average
13.69% 11.72%

Nara Bank has a Capitalization of 13.69% 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.

Nara Bank Balance Sheet Analysis

As of September 30, 2011, Nara Bank had assets of $3,013,513,000, loans of $2,239,461,000, and deposits of $2,274,021,000. 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
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 $ 2.24 billion
Loan loss allowance $ 60.01 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 4.84 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
Total deposits $ 2.27 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 $ 3.01 billion

Summary Income Statement

June 30, 2021
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 Nara Bank’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Nara 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 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 Nara Bank

Branches and Savings

Is Nara Bank FDIC insured?

Yes. It is covered under FDIC Certificate #27530.

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

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

Why are Nara Bank CD rates not competitive?

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

Is Nara Bank a commercial bank?


Where are Nara Bank locations?

See branch locations nearby.

Is Nara Bank open on Saturdays?

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Are Nara Bank ATMs Open 24/7?

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Will Nara Bank notarize my document?

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Will the Nara Bank branch print checks?

Do Nara Bank checks expire?

Does Nara Bank require US citizenship to open account?

Can Nara Bank close my account?

Does Nara Bank Report to credit bureaus?

Does Nara Bank Use Equifax?

What is Nara Bank's ACH Routing Number?

What is Nara Bank's SWIFT code?


Does Nara Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Nara Bank offer personal loans?

Compare personal loan rates here.

Does Nara Bank offer student loans?

Will Nara Bank cash a check?

Will Nara Bank redeem a savings bond?

Does Nara Bank cash savings bonds?

Will Nara Bank cash money orders?

Can Nara Bank issue a money order?

Does Nara Bank do currency exchange?

Background on The Bank

Who owns Nara Bank?

How long has Nara Bank been around?

Can Nara Bank transfer to other banks?

Does Nara Bank have quick pay?

Does Nara Bank accept rolled coins?

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