Suncrest Bank

Headquarters

501 West Main Street
Visalia, CA 93291
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 1.40% →
1-Year CD 0.45% 1.15% →
2-Year CD 0.50% 1.26% →
5-Year CD 1.06% 1.60% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Suncrest Bank is an FDIC insured institution located in Visalia, CA. It was founded in 2008 and has approximately $0.98 billion in assets. Customers can open an account at one of its 5 branches.

FDIC Insured Yes
FDIC Certificate # 58728
Date Established 2008
Assets $ 984.90 million
Loans $ 661.99 million
Deposits $ 828.56 million
Capital $ 148.18 million
 

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

Deposit Rates - July 2, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $1 - Learn More
Money Market
0.01% $2,500 $9,999 Learn More
Money Market
0.03% $10,000 $24,999 Learn More
Money Market
0.05% $25,000 $49,999 Learn More
CD Rates APY MIN MAX
0.05% $1,000 $94,999 Learn More
3 Mo CD
0.10% $95,000 - Learn More
6 Mo CD
0.20% $1,000 $94,999 Learn More
6 Mo CD
0.25% $95,000 - Learn More
0.40% $1,000 $94,999 Learn More
12 Mo CD
0.45% $95,000 - Learn More
18 Mo CD
0.40% $1,000 $94,999 Learn More
18 Mo CD
0.45% $95,000 - Learn More
0.45% $1,000 $94,999 Learn More
24 Mo CD
0.50% $95,000 - Learn More
30 Mo CD
0.45% $1,000 $94,999 Learn More
30 Mo CD
0.50% $95,000 - Learn More
0.70% $1,000 $94,999 Learn More
36 Mo CD
0.75% $95,000 - Learn More
48 Mo CD
0.70% $1,000 $94,999 Learn More
48 Mo CD
0.75% $95,000 - Learn More
1.01% $1,000 $94,999 Learn More
60 Mo CD
1.06% $95,000 - Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.40% $1,000 $94,999 Learn MoreShow Less

Loan Rates - July 2, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Suncrest 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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
3.039% 3.000% 0.50 $1,250 $1,055 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 Learn More
Rocket Mortgage
NMLS ID: 3030
3.494% 3.375% 1.00 $3,750 $1,106 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
People's United Bank, N.A.
People's United Bank, N.A.
4.000 %
$0 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info

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

Branches

Suncrest 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:
Fairfield,Connecticut


Suncrest Bank Locations


Financial Details

Suncrest Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Suncrest 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
Suncrest Bank U.S. Bank Average
3.58% 6.51%

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, 2019, Suncrest Bank had $5,185,000 in non-current loans and $314,000 in owned real estate. To cover these potential losses it had $148,178,000 in equity and $5,489,000 in loans loss reserves. That gives it a Texas Ratio of 3.58%.

Return on Equity
Suncrest Bank U.S. Bank Average
8.43% 9.41%

Suncrest Bank has a Return on Equity of 8.43% versus the BestCashCow average of 9.41%. 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
Suncrest Bank U.S. Bank Average
15.05% 12.82%

Suncrest Bank has a Capitalization of 15.05% versus the BestCashCow average of 12.82. 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.

Suncrest Bank Balance Sheet Analysis

As of December 31, 2019, Suncrest Bank had assets of $984,898,000, loans of $661,990,000, and deposits of $828,559,000. 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, 2019
ASSETS
Cash & Balances due from depository institutions $ 33.91 million
Interest-bearing balances $ 24.74 million
Total securities $ 195.02 million
Federal funds sold and reverse repurchase $ 19.33 million
Net loans and leases $ 661.99 million
Loan loss allowance $ 5.49 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.31 million
Goodwill and other intangibles $ 42.28 million
All other assets $ 21.73 million
     Total Assets $ 836.72 million
LIABILITIES
Total deposits $ 828.56 million
      Interest-bearing deposits $ 499.67 million
      Deposits held in domestic offices $ 828.56 million
      % insured (estimated) 54.98%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 3.67 million
Subordinated debt N.A.
All other liabilities $ 4.49 million
      Total Liabilities $ 836.72 million
      Shareholders’ Equity $ 148.18 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 43.19 million
Total Interest Expense $ 4.56 million
Net interest income $ 38.63 million
Provision for loan and lease losses $ 2.10 million
Total non interest income $ 1.45 million
Total non interest expense $ 21.47 million
Pre-tax Net Operating Income $ 16.51 million

Bank Loan Profile?

The top three loan types in Suncrest Bank’s loan portfolio are Commercial Real Estate, Small Business Loans, and Multifamily Mortgages.

Compared to other banks in California, Suncrest Bank has a significantly higher percent of Farm 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 6.70
Multifamily
Mortgages
7.10
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 14.46
Construction and Development Loans 6.41
Commercial Real Estate 43.74
Commercial and Industrial Loans 6.73
Farm Loans 5.16

Frequently Asked Questions About Suncrest Bank

Branches and Savings

Is Suncrest Bank FDIC insured?

Yes. It is covered under FDIC Certificate #58728.

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

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

Why are Suncrest Bank CD rates not competitive?

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

Is Suncrest Bank a commercial bank?

Yes

Where are Suncrest Bank locations?

See branch locations nearby.

Is Suncrest Bank open on Saturdays?

Is Suncrest Bank open on Sundays?

What time does Suncrest Bank open?

What time does Suncrest Bank close?

Are Suncrest Bank ATMs Open 24/7?

Do Suncrest Bank ATMs accept cash deposits?

Can Suncrest Bank customers use other ATMs?

Do Suncrest Bank branches have notaries?

Will Suncrest Bank notarize my document?

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

Will the Suncrest Bank branch print checks?

Do Suncrest Bank checks expire?

Does Suncrest Bank require US citizenship to open account?

Can Suncrest Bank close my account?

Does Suncrest Bank Report to credit bureaus?

Does Suncrest Bank Use Equifax?

What is Suncrest Bank's ACH Routing Number?

What is Suncrest Bank's SWIFT code?

Products

Does Suncrest Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Suncrest Bank offer personal loans?

Compare personal loan rates here.

Does Suncrest Bank offer student loans?

Will Suncrest Bank cash a check?

Will Suncrest Bank redeem a savings bond?

Does Suncrest Bank cash savings bonds?

Will Suncrest Bank cash money orders?

Can Suncrest Bank issue a money order?

Does Suncrest Bank do currency exchange?

Background on The Bank

Who owns Suncrest Bank?

How long has Suncrest Bank been around?

Can Suncrest Bank transfer to other banks?

Does Suncrest Bank have quick pay?

Does Suncrest Bank accept rolled coins?

Will Suncrest Bank accept loose change?

Where is Suncrest Bank headquarters?

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