Balboa Thrift&Loan Assn
Chula Vista, California · FDIC Cert #26704
Balboa Thrift&Loan Assn is an FDIC-insured bank (Certificate #26704) with $413M in total assets and $362M in total deposits as of the Q2 2024 Call Report. Headquartered in Chula Vista, California, the bank maintains a Tier 1 capital ratio of 0.00% (Critically Undercapitalized) and a nonperforming loan ratio of 0.28%. BankHealthData assigns a composite Health Grade of F (29/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
Balboa Thrift&Loan Assn (FDIC cert 26704) is a community bank — $413M in total assets, $362M in deposits, serving the Chula Vista, California area. Community banks make up the largest share of U.S. banks by count but a much smaller share by assets.
Tier 1 capital ratio is not disclosed in the most recent Call Report — unusual but possible for new institutions or those filing under specific regulatory exemptions. Asset quality is clean: non-performing loan ratio of 0.28% is below 0.5% — well within the healthy range for U.S. community and regional banks. Clean NPL ratios reflect either disciplined underwriting, a low-credit-risk loan mix, or both. Liquidity is thin: 5.3% liquid-asset ratio. Banks with thin liquidity buffers can face stress during deposit-outflow events or asset-quality shocks.
Profitability is negative: ROA of -0.72% means the bank lost money during the reporting period. Sustained negative ROA erodes capital and triggers escalating regulatory attention. Health-score trend is declining materially over the most recent quarters. Declining trends warrant attention — banks in this pattern often face follow-on regulatory engagement and elevated supervisory scrutiny. Balboa Thrift&Loan Assn carries a composite BankHealth grade of F (29/100) as of the 2024-06 Call Report filing. The grade combines capital ratios (Tier 1), asset quality (non-performing loans), liquidity, and profitability into a single signal.
Source: FDIC BankFind API — Call Report data.
Key Facts: Balboa Thrift&Loan Assn
- Total Assets
- $413M
- Total Deposits
- $362M
- Tier 1 Capital Ratio
- 0.00%
- Capital Status
- Critically Undercapitalized
- Nonperforming Loans
- 0.28%
- Liquidity Ratio
- 5.34%
- Return on Assets
- -0.72%
- Headquarters
- Chula Vista, California
- FDIC Certificate
- #26704
- Health Grade
- F (29/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
According to FDIC financial data, Balboa Thrift&Loan Assn holds a Tier 1 capital ratio of 0.00%. This falls below the 6% threshold regulators require, which may subject Balboa Thrift&Loan Assn to additional regulatory scrutiny.
Key Financial Metrics
What This Means For Your Money
Balboa Thrift&Loan Assn shows some financial weakness with a Health Score of 29/100. This does not mean the bank will fail, but some financial indicators are below average. Your FDIC-insured deposits (up to $250,000) are fully protected by the US government.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
How Balboa Thrift&Loan Assn Compares
Balboa Thrift&Loan Assn’s Health Score of 29 is 43 points below the California state average of 72 across 123 FDIC-insured banks. Its 0.00% Tier 1 capital ratio is 14.0 points below the US banking industry average near 14%. The 0.28% nonperforming loan ratio is lower than the industry norm (~0.8%), indicating cleaner loan quality than peers. Return on assets of -0.72% is below the national ROA benchmark of ~1.1%. Among 1524 similarly-sized banks, the average Health Score is 70, meaning this bank ranks below its size cohort. Site-wide, Balboa Thrift&Loan Assn is 41 points below the portfolio average of 70.
Frequently Asked Questions
Balboa Thrift&Loan Assn has a Bank Health Score of F (29/100), placing it in weak financial health. It holds a Tier 1 capital ratio of 0.00%, which is below the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. Balboa Thrift&Loan Assn's Tier 1 capital ratio of 0.00% and nonperforming loan ratio of 0.28% indicate an elevated risk profile relative to the industry. Even in a failure scenario, insured deposits ($250K per depositor per ownership category) are typically available within two business days.
Money in checking, savings, money market, and CD accounts at Balboa Thrift&Loan Assn is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #26704). Joint accounts get $250K per co-owner. Funds above the limit are not insured — for higher balances, consider spreading across multiple banks or using a CDARS-like network.
Balboa Thrift&Loan Assn holds $413M in total assets and $362M in total deposits. It is headquartered in Chula Vista, California (FDIC Certificate #26704).
Balboa Thrift&Loan Assn has a Tier 1 capital ratio of 0.00%, classifying it as "Critically Undercapitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 0.28%, and the return on assets is -0.72%.
Yes. Balboa Thrift&Loan Assn is FDIC-insured (Certificate #26704). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category — covering checking, savings, money market deposit accounts, and CDs. Even if a bank fails, insured depositors typically regain access to funds within two business days.
An F grade on our Bank Health Score means below 40/100 — significant weakness on multiple metrics; depositors above the FDIC limit should be especially vigilant. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
Balboa Thrift&Loan Assn shows financial stress on one or more metrics. While insured deposits remain protected up to $250K per depositor per ownership category, depositors with higher balances may want to spread funds across additional FDIC-insured institutions. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.