Poppy Bank


438 1st St
Santa Rosa, CA 95401
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Notable Rates APY Vs.Others
Savings 5.50% 5.50% →
1-Year CD N.A. 5.38% →
2-Year CD N.A. 4.95% →
5-Year CD N.A. 4.55% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Bank Information

Poppy Bank is an FDIC insured institution located in Santa Rosa, CA. It was founded in 2005 and has approximately $5.93 billion in assets. Customers can open an account at one of its 10 branches.

FDIC Insured Yes
FDIC Certificate # 57903
Date Established 2005
Assets $ 5.93 billion
Loans $ 3.76 billion
Deposits $ 4.47 billion
Capital $ 546.52 million

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

Deposit Rates - July 25, 2024

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Online Savings
5.50% $1,000 - Learn More

Loan Rates - July 25, 2024

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Poppy 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 2024

Lender APR Rate (%) Monthly
Learn More
PenFed Credit Union
NMLS ID: 401822
6.668% 6.500%
0.75 points
$5,603 fees
$2,023 Learn More
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.725% 6.625%
0.75 points
$3,298 fees
$2,049 Learn More
Rocket Mortgage
NMLS ID: 3030
7.064% 6.990%
0.75 points
$2,400 fees
$2,127 Learn More
NMLS ID: Not a Lender

Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
7.990 %
$0 Learn More
More Info

Note to Poppy Bank
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Climate Policy and Initiatives

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Financial Details

Poppy Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Poppy 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
Poppy Bank U.S. Bank Average
7.93% 4.29%

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, 2024, Poppy Bank had $47,559,000 in non-current loans and $2,438,000 in owned real estate. To cover these potential losses it had $546,521,000 in equity and $83,889,000 in loans loss reserves. That gives it a Texas Ratio of 7.93%.

Return on Equity
Poppy Bank U.S. Bank Average
8.86% 10.46%

Poppy Bank has a Return on Equity of 8.86% versus the BestCashCow average of 10.46%. 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.

Poppy Bank U.S. Bank Average
9.21% 10.73%

Poppy Bank has a Capitalization of 9.21% versus the BestCashCow average of 10.73. 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.

Poppy Bank Balance Sheet Analysis

As of March 31, 2024, Poppy Bank had assets of $5,932,232,000, loans of $3,764,230,000, and deposits of $4,469,254,000. 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, 2024
Cash & Balances due from depository institutions $ 551.95 million
Interest-bearing balances $ 540.71 million
Total securities $ 1,302.50 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 3.76 billion
Loan loss allowance $ 83.89 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 2.44 million
Goodwill and other intangibles $ 0.24 million
All other assets $ 174.95 million
     Total Assets $ 5.39 billion
Total deposits $ 4.47 billion
      Interest-bearing deposits $ 3.97 billion
      Deposits held in domestic offices $ 4.47 billion
      % insured (estimated) 72.95%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 456.00 million
Subordinated debt N.A.
All other liabilities $ 18.67 million
      Total Liabilities $ 5.39 billion
      Shareholders’ Equity $ 546.52 million

Summary Income Statement

March 31, 2024
Total Interest Income $ 84.03 million
Total Interest Expense $ 51.58 million
Net interest income $ 32.45 million
Provision for loan and lease losses N.A.
Total non interest income $ 1.43 million
Total non interest expense $ 17.28 million
Pre-tax Net Operating Income $ 39.08 million

Bank Loan Profile?

The top three loan types in Poppy Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Small Business Loans.

Compared to other banks, Poppy 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 12.08
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 6.48
Construction and Development Loans 3.27
Commercial Real Estate 49.19
Commercial and Industrial Loans 5.58
Farm Loans 0.00

Customer Reviews for Poppy Bank

  • January 10, 2024 |

    Savings Rates

    Applied for the Joint 5.50% Hi Yield Savings special. (Note: some places reference it is guaranteed for 6 months, other parts of website only guarantee rate for 3 months). We applied and surprising denied in an email 3 hours latter. Last year, First Foundation (FFB) bank denied us for a similar savings account. I had them on the phone within minutes and learned there was one mistake (cannot recall whose side it was on - ours or theirs, I think their side), plus when the FFB rep called our VM "was not set up". For years I have never activated my VM, it just wastes time transcribing messages. Anyone legitimate has my number, can call or text and I answer most calls live. I explained this year to FFB and a year later it a mutually rewarding relationship. Turning attention back to Poppy Bank, I immediately got them on the phone. I explained to the rep this is a CREDIT account. I further pointed out it is a SAVINGS account so there is zero risk, no risk of bounced checks (we have never had any) or any other liability to the bank. I stated as I had to FFB earlier this had to be a misunderstanding or some initial or something not matching up to a T on the credit report and I was hoping we could overcome that. (1) Rep stated I had to go through the process of drafting a letter to the third party service bank uses on the denial email requesting a copy of why we got denied. This will take about a month - who knows if the rate is still there then or if they have raised all the capital needed. (2) I live 15 minutes from a local branch and offered to present with a passport and every ID I have, but was told that was not possible because this is an "online" account. (3) *Special Note: I will review the account agreement for the 5.50% savings special to ascertain if we can open very low paying, in branch savings accounts THEN go and open online accounts once we are known to the bank. I need to confirm that doing (ie, being an existing bank customer) would invalidate the account. Disposition: 3 stars for now (one for ease of reaching a live person even though the two reps we interfaced with seemed poorly informed they were very friendly and tried to be helpful, a second star for high rate offering and a 3rd star just because it is "in the middle" right now while I hope we can work things out and I think the high road, in all fairness to the bank at this early stage since 2.5 stars is not an option is rank at 3.0 stars and re-adjust (or submitted a new review if I cannot re-adjust) at a later date.

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