State Bank of India (California)

Headquarters

707 Wilshire Boulevard, Suite 2900
Los Angeles, CA 90017
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.30% 0.85% →
1-Year CD 0.50% 0.75% →
2-Year CD 0.50% 0.80% →
5-Year CD 1.00% 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

State Bank of India (California) is an FDIC insured institution located in Los Angeles, CA. It was founded in 1982 and has approximately $0.88 billion in assets. Customers can open an account at one of its 11 branches.

FDIC Insured Yes
FDIC Certificate # 23998
Date Established 1982
Assets $ 883.88 million
Loans $ 668.49 million
Deposits $ 727.55 million
Capital $ 152.38 million
 

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

Deposit Rates - October 28, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.30% $2,500 $4,999 Learn More
Money Market
0.25% $2,500 $2,999 Learn More
Money Market
0.25% $10,000 $14,999 Learn More
Money Market
0.25% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.85% $10,000 $14,999 Learn More
6 Mo CD
0.85% $100,000 $199,999 Learn More
12 Mo CD
0.50% $10,000 $14,999 Learn More
12 Mo CD
0.50% $100,000 $199,999 Learn More
18 Mo CD
0.50% $10,000 $14,999 Learn More
18 Mo CD
0.50% $100,000 $199,999 Learn More
24 Mo CD
0.50% $10,000 $14,999 Learn More
24 Mo CD
0.50% $100,000 $199,999 Learn More
30 Mo CD
0.50% $10,000 $14,999 Learn More
30 Mo CD
0.50% $100,000 $199,999 Learn More
36 Mo CD
0.50% $10,000 $14,999 Learn More
36 Mo CD
0.50% $100,000 $199,999 Learn More
48 Mo CD
0.50% $10,000 $14,999 Learn More
48 Mo CD
0.50% $100,000 $199,999 Learn More
60 Mo CD
1.00% $10,000 - Learn More

 

Loan Rates - October 28, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for State Bank of India (California)

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
Payment
Learn More
Better.com
NMLS ID: 330511
2.929% 2.875%
0.75 points
$1,735 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 State Bank of India (California)
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

State Bank of India (California) 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


State Bank of India (California) Locations



Climate Initiatives

State Bank of India (California) is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

Financial Details

State Bank of India (California) Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of State Bank of India (California). 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
State Bank of India (California) U.S. Bank Average
15.56% 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, State Bank of India (California) had $25,432,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $152,379,000 in equity and $11,080,000 in loans loss reserves. That gives it a Texas Ratio of 15.56%.

Return on Equity
State Bank of India (California) U.S. Bank Average
6.33% 11.29%

State Bank of India (California) has a Return on Equity of 6.33% 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.

Capitalization
State Bank of India (California) U.S. Bank Average
17.24% 11.72%

State Bank of India (California) has a Capitalization of 17.24% 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.

State Bank of India (California) Balance Sheet Analysis

As of June 30, 2021, State Bank of India (California) had assets of $883,884,000, loans of $668,488,000, and deposits of $727,554,000. 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
ASSETS
Cash & Balances due from depository institutions $ 87.84 million
Interest-bearing balances $ 73.65 million
Total securities $ 111.84 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 668.49 million
Loan loss allowance $ 11.08 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.28 million
All other assets $ 14.85 million
     Total Assets $ 731.51 million
LIABILITIES
Total deposits $ 727.55 million
      Interest-bearing deposits $ 611.50 million
      Deposits held in domestic offices $ 727.55 million
      % insured (estimated) 63.33%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 3.95 million
      Total Liabilities $ 731.51 million
      Shareholders’ Equity $ 152.38 million

Summary Income Statement

June 30, 2021
INCOME AND EXPENSES
Total Interest Income $ 15.18 million
Total Interest Expense $ 1.99 million
Net interest income $ 13.19 million
Provision for loan and lease losses $ 0.40 million
Total non interest income $ 0.86 million
Total non interest expense $ 8.47 million
Pre-tax Net Operating Income $ 5.17 million

Bank Loan Profile?

The top three loan types in State Bank of India (California)’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and Multifamily Mortgages.

Compared to other banks in California, State Bank of India (California) has a significantly higher percent of Commercial Real Estate 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 0.00
Multifamily
Mortgages
7.95
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 4.90
Construction and Development Loans 1.83
Commercial Real Estate 65.66
Commercial and Industrial Loans 23.52
Farm Loans 0.00

Frequently Asked Questions About State Bank Of India (california)

Branches and Savings

Is State Bank Of India (california) FDIC insured?

Yes. It is covered under FDIC Certificate #23998.

Why does State Bank Of India (california) pay such low interest on savings accounts?

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

Why are State Bank Of India (california) CD rates not competitive?

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

Is State Bank Of India (california) a commercial bank?

Yes

Where are State Bank Of India (california) locations?

See branch locations nearby.

Is State Bank Of India (california) open on Saturdays?

Is State Bank Of India (california) open on Sundays?

What time does State Bank Of India (california) open?

What time does State Bank Of India (california) close?

Are State Bank Of India (california) ATMs Open 24/7?

Do State Bank Of India (california) ATMs accept cash deposits?

Can State Bank Of India (california) customers use other ATMs?

Do State Bank Of India (california) branches have notaries?

Will State Bank Of India (california) notarize my document?

What address for State Bank Of India (california) should I put for incoming ACH transfers?

Will the State Bank Of India (california) branch print checks?

Do State Bank Of India (california) checks expire?

Does State Bank Of India (california) require US citizenship to open account?

Can State Bank Of India (california) close my account?

Does State Bank Of India (california) Report to credit bureaus?

Does State Bank Of India (california) Use Equifax?

What is State Bank Of India (california)'s ACH Routing Number?

What is State Bank Of India (california)'s SWIFT code?

Products

Does State Bank Of India (california) offer mortgages?

Compare mortgage rates here.

Does State Bank Of India (california) offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does State Bank Of India (california) offer personal loans?

Compare personal loan rates here.

Does State Bank Of India (california) offer student loans?

Will State Bank Of India (california) cash a check?

Will State Bank Of India (california) redeem a savings bond?

Does State Bank Of India (california) cash savings bonds?

Will State Bank Of India (california) cash money orders?

Can State Bank Of India (california) issue a money order?

Does State Bank Of India (california) do currency exchange?

Background on The Bank

Who owns State Bank Of India (california)?

How long has State Bank Of India (california) been around?

Can State Bank Of India (california) transfer to other banks?

Does State Bank Of India (california) have quick pay?

Does State Bank Of India (california) accept rolled coins?

Will State Bank Of India (california) accept loose change?

Where is State Bank Of India (california) headquarters?

Customer Reviews for State Bank of India (California)

There are currently no comments for State Bank of India (California). Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →