New OMNI Bank, National Association Reports – 300063

New OMNI Bank, National Association Financial Reports

Quarter Ended: 2024-09-30

Data Updated on: 11/22/2024

New OMNI Bank, National Association is a Commercial bank, national (federal) charter, Fed member, and supervised by the Office of the Comptroller of the Currency (OCC) located in Alhambra, CA. Established on 02/12/1980, the bank is regulated by the OCC and has 3 domestic offices. It operates in the Los Angeles-Long Beach-Anaheim, CA.

The bank has 68 employees and holds $545,753k in total assets. With a focus on community banking, the bank has been serving its customers since 02/12/1980.

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New OMNI Bank, National Association Institution Profile

Established Date02/12/1980Institution ClassCommercial bank, national (federal) charter, Fed member, and supervised by the Office of the Comptroller of the Currency (OCC)
Primary RegulatorOCCNumber of Domestic Offices3
Number of Foreign Offices0Number of US Offices0
Number of Employees68Directly owned by another bank (CERT)No
Community BankYesZIP91801
Ownership TypeNot MutualCityAlhambra
State Alpha codeCAState and County Number6037
Subchapter S CorporationsNoTrust PowersTrust Powers Not Known
Federal Reserve ID Number12Federal Reserve ID Number DescriptionSAN FRANCISCO
Office of The Comptroller District:WESTERN DISTRICTOffice of Thrift Supervision RegionWestern
Last Structure Change Effective Date08/31/2022Date of Deposit Insurance02/12/1980
Primary Insurance AgencyDIF

Institution Profile Overview

Delve into the foundational details of New OMNI Bank, National Association with our “Institution Profile” table. The 02/12/1980 marks the bank’s inception, providing historical context. Categorized as a Commercial bank, national (federal) charter, Fed member, and supervised by the Office of the Comptroller of the Currency (OCC), the bank operates under the oversight of OCC, ensuring compliance and regulatory adherence.

3 domestic offices reflect the bank’s physical footprint, while insights into ownership type, trust powers, and regulatory affiliations contribute to understanding its operational structure. Details such as Alhambra, CA, and 91801 provide geographic context. Explore these attributes to gain a holistic view of New OMNI Bank, National Association in the financial landscape.

New OMNI Bank, National Association Financials

(USD, in thousands)

Total Assets$545,753Total Liabilities$413,620
Total Equity Capital$132,133Total Deposits$408,197
Net Loans and Leases$369,895Total Interest Income$9,451
Total Noninterest Income$155Total Interest Expense$4,270
Total Noninterest Expense$3,787Tier 1 Risk-Based Capital Ratio28.63%
Net Loans and Leases to Core DepositsN/AReturn on Assets0.38%
Return on Equity1.52%Efficiency Ratio70.97%

Financial Performance Overview

Gain a comprehensive perspective on New OMNI Bank, National Association’s financial landscape through our “Financials” table. The bank boasts total assets of $545,753k, showcasing its substantial scale and influential market presence. A nuanced breakdown reveals insights into the bank’s financial structure and stability, with total liabilities standing at $413,620k and total equity capital at $132,133k.

Delve into key operational metrics, including total deposits of $408,197k, net loans and leases at $370k, and a meticulous analysis of income and expense components. Explore vital ratios such as the Tier 1 Risk-Based Capital Ratio, standing at 28.633, and Return on Assets at 0.38. These metrics provide valuable insights into the bank’s risk management strategies and overall profitability.

This detailed financial overview is designed to enhance your understanding of New OMNI Bank, National Association’s performance and competitive positioning within the financial industry.

New OMNI Bank, National Association Additional Financial Information

(USD, in thousands)

Earnings Coverage of Net Loan Charge-Offs(x)N/ANet Loans and Leases to Core DepositsN/A
Tier 1 Risk-Based Capital Ratio28.63%Securities Gains (Losses)-$7
Goodwill and Other IntangiblesN/ACost of Funding Earning Assets0.00%
Yield on Earning Assets7.47%Total Interest Income$9,451
Applicable Income Taxes$214Loss Allowance to Loans and Leases1.58%
Net Loans and Leases$369,895Loss Allowance to Noncurrent Loans and Leases90.21%
Noncurrent Loans to Loans1.76%Net Income Attributable to Bank and Noncontrolling Interests$501
Net Interest Income$5,181Net Interest Margin4.09%
Net Operating Income to Assets0.39%Noninterest Income to Average Assets0.12%
Total Noninterest Income$155Noninterest Expense to Average Assets2.88%
Total Noninterest Expense$3,787Net Charge-Offs to Loans and Leases0.00%
All Other AssetsN/AOther Real Estate Owned$0
Other borrowed funds$0Pre-tax Net Operating Income$722
Pretax Return on Assets0.54%Return on Assets0.38%
Retained Earnings to Average Equity (YTD only)N/A

Insights into Financial Metrics

Enhance your understanding of New OMNI Bank, National Association‘s financial standing through our Additional Financial Information table. Explore key metrics such as Net Loans and Leases: $369,895k and Net Interest Income $5,181k to gain valuable insights into the bank’s core operations and revenue streams. Assess the Tier 1 Risk-Based Capital Ratio: 28.633 for in-depth insights into capital adequacy and risk management strategies.

Delve into the intricacies of Net Charge-Offs to Loans and Leases: 0 to evaluate the bank’s asset quality and risk mitigation efforts. Examine the composition of income through Total Noninterest Income: $155k and evaluate operational efficiency using metrics like Efficiency Ratio: 70.97. This nuanced financial overview empowers a comprehensive analysis of New OMNI Bank, National Association‘s strategic financial position and performance in the industry.

Frequently Asked Questions (FAQs)

What is the asset size of New OMNI Bank, National Association?

The asset size of New OMNI Bank, National Association is approximately $545,753k, reflecting the bank’s scale and market presence.

How does the loan-to-deposit ratio of New OMNI Bank, National Association compare to industry benchmarks?

The loan-to-deposit ratio is a crucial measure of the bank’s financial health. For New OMNI Bank, National Association, this ratio stands at
90.62%
(please calculate and adjust this logic based on real data retrieval), compared to industry averages typically ranging from 80% to 90%.

What is the capital adequacy ratio for New OMNI Bank, National Association?

The Tier 1 Risk-Based Capital Ratio, a key indicator of the bank’s financial stability, is 28.633.

What is the net interest margin of New OMNI Bank, National Association, and how has it trended over the past year?

The current net interest margin is 4.09. Historical trends would require a more detailed analysis over the past quarters, which can be provided upon request.

What is the percentage of non-performing loans on New OMNI Bank, National Association’s balance sheet?

The percentage of non-performing loans is an important metric indicating asset quality. For New OMNI Bank, National Association, this stands at 1.755.

Are there any recent regulatory changes that could impact New OMNI Bank, National Association’s operations?

Regulatory environments are dynamic. Specific recent changes would require further detailed scanning of regulatory updates impacting New OMNI Bank, National Association. For tailored insights, please consult our expert or access our detailed reports.

What is the history of New OMNI Bank, National Association?

New OMNI Bank, National Association was established on 02/12/1980. It has been serving the community for several decades, continuously adapting to the changing financial landscape. For a detailed history, please refer to the bank’s about page.

Is New OMNI Bank, National Association FDIC insured?

Yes, New OMNI Bank, National Association is FDIC insured, ensuring that deposits are protected up to the applicable limits. This underlines the bank’s commitment to maintaining customer trust and financial security.

What is the routing number for New OMNI Bank, National Association in OK?

The routing number for New OMNI Bank, National Association in Oklahoma is not available. It’s recommended to verify with the bank directly for transactions.

How big is New OMNI Bank, National Association?

New OMNI Bank, National Association is a significant player in the financial sector with total assets valued at $545,753k and a network of 3 domestic offices.

Is New OMNI Bank, National Association a local bank?

New OMNI Bank, National Association is often considered a local bank due to its strong community focus and local market presence, despite having a broader operational reach. This combination allows it to serve local communities effectively while benefiting from larger-scale operations.

This table provides key financial information about New OMNI Bank, National Association. Get more data about New OMNI Bank, National Association on Visbanking Report Portal.