4506T FORM BANK OF AMERICA 2013 Tips

In general, the banking sector is healthier. While some banks are struggling, many banks have seen improvements in operations. The following outstanding banks are chosen as based on eight measures on financial health including net interest margin, return on average equity, nonperforming loans, and reserves as a percentage of NPLs.

 

First Citizens BancShares operates two subsidiaries, First Citizens Bank and IronStone Bank. With $ 21 billion in assets, it is the 46th largest bank holding company in the United States. Its shares trade at a multiple of 1.1 times its book value.

 

NPLs/ Loans: 1.6% 

Reserves/ NPLs: 97%

 

Although Community Bank System has $ 5.5 billion in assets, its nonperforming loans are very low at 0.6%. This small holding company wholly owns five subsidiaries namely First of Jermyn Realty Company, Community Bank, N.A. (the Bank), CFSI Closeout Corp. (CFSICC), Inc. (FJRC), Benefit Plans Administrative Services, Inc. (BPAS), and Town & Country Agency LLC (T&C).

 

Price/ Book: 1.4 

Reserves/ NPLs: 220%

 

Bank of Hawaii is headquartered in Honolulu, Hawaii. The bank has $ 12.7 billion in assets. The stock of its trades for 2.2 times its book value. During the housing bubble, the bank was cautious in its underwriting strategy. Its conservativeness helped minimize the bad loans on its book today.

 

NPLs/ Loans: 0.9% 

Reserves/ NPLs: 296%

 

Based in Silicon Valley, SVB Financial Group provides commercial banking and financial services and products including money market accounts, certificates of deposit, sweep accounts, and checking accounts.

 

Assets: $ 15.7 billion

Price/ Book: 1.7

 NPLs/ Loans: 0.9% 

Reserves/ NPLs: 165%

 

East West BanCorp is headquartered in Pasadena, California. This largest bank based in Southern California mainly serves the Asian-American community. Its assets have rose 64% over the past year.

 

Price/ Book: 1.4 

NPLs/ Loans: 1.3% 

Reserves/ NPLs: 136%

 

IberiaBank’s shares trade at a multiple of 1.2 times its book value.

 

Assets: $ 10.6 billion

 NPLs/ Loans: 0.8%

 Reserves/ NPLs: 277%

 

Signature Bank, whose stock increases 51% over the past year, offers personal and business clients a single point of contact to meet all their financial needs.

 

Price/ Book: 2.1

NPLs/ Loans: 0.9%

 Reserves/ NPLs: 144%

 



 

Related links:

First Citizens BancShares, Inc.

Strategies and Best Practices of U S Community Banks

SVB Financial Group (SIVB)

In general, the banking sector is healthier. While some banks are struggling, many banks have seen improvements in operations. The following outstanding banks are chosen as based on eight measures on financial health including net interest margin, return on average equity, nonperforming loans, and reserves as a percentage of NPLs.

 

First Citizens BancShares operates two subsidiaries, First Citizens Bank and IronStone Bank. With $ 21 billion in assets, it is the 46th largest bank holding company in the United States. Its shares trade at a multiple of 1.1 times its book value.

 

NPLs/ Loans: 1.6% 

Reserves/ NPLs: 97%

 

Although Community Bank System has $ 5.5 billion in assets, its nonperforming loans are very low at 0.6%. This small holding company wholly owns five subsidiaries namely First of Jermyn Realty Company, Community Bank, N.A. (the Bank), CFSI Closeout Corp. (CFSICC), Inc. (FJRC), Benefit Plans Administrative Services, Inc. (BPAS), and Town & Country Agency LLC (T&C).

 

Price/ Book: 1.4 

Reserves/ NPLs: 220%

 

Bank of Hawaii is headquartered in Honolulu, Hawaii. The bank has $ 12.7 billion in assets. The stock of its trades for 2.2 times its book value. During the housing bubble, the bank was cautious in its underwriting strategy. Its conservativeness helped minimize the bad loans on its book today.

 

NPLs/ Loans: 0.9% 

Reserves/ NPLs: 296%

 

Based in Silicon Valley, SVB Financial Group provides commercial banking and financial services and products including money market accounts, certificates of deposit, sweep accounts, and checking accounts.

 

Assets: $ 15.7 billion

Price/ Book: 1.7

 NPLs/ Loans: 0.9% 

Reserves/ NPLs: 165%

 

East West BanCorp is headquartered in Pasadena, California. This largest bank based in Southern California mainly serves the Asian-American community. Its assets have rose 64% over the past year.

 

Price/ Book: 1.4 

NPLs/ Loans: 1.3% 

Reserves/ NPLs: 136%

 

IberiaBank’s shares trade at a multiple of 1.2 times its book value.

 

Assets: $ 10.6 billion

 NPLs/ Loans: 0.8%

 Reserves/ NPLs: 277%

 

Signature Bank, whose stock increases 51% over the past year, offers personal and business clients a single point of contact to meet all their financial needs.

 

Price/ Book: 2.1

NPLs/ Loans: 0.9%

 Reserves/ NPLs: 144%

 



 

Related links:

First Citizens BancShares, Inc.

Strategies and Best Practices of U S Community Banks

SVB Financial Group (SIVB)

Bank of America online banking is available to any customer who currently does business with the bank. Participation in the Bank of America online banking program is free and easy to set up.

One feature that sets the Bank of America online banking program apart from its competitors is the way it handles bill payments. You’d think a lot of data entry would be required, but that’s not the case. The program already knows the billing addresses of the most commonly used payees.

To set up a payee such as your electric company, start by accessing the built-in list of payees that the Bank of America online banking program maintains. The program already knows the names of the major players in the community and maintains the names and billing addresses that most customers are likely to use such as electric, cable, and utility companies, area department stores and local major financial institutions. Pick the payee from the list, enter your loan or account number and in seconds, that payee is set up.

If the payee does not exist in the list, you enter payee details one time, and you never have to deal with a payee again until there’s a change in address or other account details. When you have all your payees entered, they appear listed in alphabetical order. Next time you open the Bank of America online banking program to pay bills, you select the payee, enter the amount due and the day you want the payment to show up at the payee address.

Now here’s the cool part about the Bank of America online banking bill paying option. The money for the payment is not debited from your account until the payment arrives at the payee billing address.

Most other bill paying options debit the money the day the payment is mailed not delivered, meaning the bank has 4 – 7 days to earn interest on your money! So in effect, you actually earn money by using the Bank of America online banking option.

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