TomatoBank

Headquarters

1420 East Valley Boulevard
Alhambra, CA 91801
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.65% →
1-Year CD N.A. 0.70% →
2-Year CD N.A. 0.75% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

TomatoBank is an FDIC insured institution located in Alhambra, CA. It was founded in 2000 and has approximately $0.47 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 35474
Date Established 2000
Assets $ 449.47 million
Loans $ 299.47 million
Deposits $ 389.26 million
Capital $ 59.23 million
 

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

Deposit Rates - August 1, 2021

Your Current Location: Connecticut, CT 06828

 

Loan Rates - August 1, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for TomatoBank

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
CIT Bank
NMLS ID: 541760
2.812% 2.750%
0.75 points
$2,015 fees
$1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
BMO Harris Bank
BMO Harris Bank
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4.840 %
$0 Learn More
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Third Federal Savings and Loan
Third Federal Savings and Loan
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2.240 %
$0 Learn More
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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

Note to TomatoBank
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Branches

TomatoBank 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


TomatoBank Locations


Financial Details

TomatoBank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of TomatoBank. 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
TomatoBank U.S. Bank Average
5% 5.29%

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, 2021, TomatoBank had $3,290,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $59,228,000 in equity and $6,560,000 in loans loss reserves. That gives it a Texas Ratio of 5%.

Return on Equity
TomatoBank U.S. Bank Average
7.03% 11.43%

TomatoBank has a Return on Equity of 7.03% versus the BestCashCow average of 11.43%. 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
TomatoBank U.S. Bank Average
13.18% 11.51%

TomatoBank has a Capitalization of 13.18% versus the BestCashCow average of 11.51. 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.

TomatoBank Balance Sheet Analysis

As of March 31, 2015, TomatoBank had assets of $472,440,000, loans of $299,473,000, and deposits of $389,264,000. 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, 2021
ASSETS
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 $ 299.47 million
Loan loss allowance $ 6.56 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 389.26 million
      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 $ 449.47 million

Summary Income Statement

March 31, 2021
INCOME AND EXPENSES
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 TomatoBank’s loan portfolio are Commercial Real Estate, Multifamily Mortgages, and Small Business Loans.

Compared to other banks in California, TomatoBank has a significantly higher percent of Small Business Loans, 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 1.81
Multifamily
Mortgages
15.07
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 9.69
Construction and Development Loans 5.09
Commercial Real Estate 73.61
Commercial and Industrial Loans 6.88
Farm Loans 0.00

Frequently Asked Questions About Tomatobank

Branches and Savings

Is Tomatobank FDIC insured?

Yes. It is covered under FDIC Certificate #35474.

Why does Tomatobank pay such low interest on savings accounts?

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

Why are Tomatobank CD rates not competitive?

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

Is Tomatobank a commercial bank?

Yes

Where are Tomatobank locations?

See branch locations nearby.

Is Tomatobank open on Saturdays?

Is Tomatobank open on Sundays?

What time does Tomatobank open?

What time does Tomatobank close?

Are Tomatobank ATMs Open 24/7?

Do Tomatobank ATMs accept cash deposits?

Can Tomatobank customers use other ATMs?

Do Tomatobank branches have notaries?

Will Tomatobank notarize my document?

What address for Tomatobank should I put for incoming ACH transfers?

Will the Tomatobank branch print checks?

Do Tomatobank checks expire?

Does Tomatobank require US citizenship to open account?

Can Tomatobank close my account?

Does Tomatobank Report to credit bureaus?

Does Tomatobank Use Equifax?

What is Tomatobank's ACH Routing Number?

What is Tomatobank's SWIFT code?

Products

Does Tomatobank offer mortgages?

Compare mortgage rates here.

Does Tomatobank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Tomatobank offer personal loans?

Compare personal loan rates here.

Does Tomatobank offer student loans?

Will Tomatobank cash a check?

Will Tomatobank redeem a savings bond?

Does Tomatobank cash savings bonds?

Will Tomatobank cash money orders?

Can Tomatobank issue a money order?

Does Tomatobank do currency exchange?

Background on The Bank

Who owns Tomatobank?

How long has Tomatobank been around?

Can Tomatobank transfer to other banks?

Does Tomatobank have quick pay?

Does Tomatobank accept rolled coins?

Will Tomatobank accept loose change?

Where is Tomatobank headquarters?

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