Avidbank

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Avidbank Locations

Deposit Rates - May 20, 2022

SAVINGS RATES APY MIN
CD RATES APY MIN
6 Mo CD
0.08% $10,000 Compare
6 Mo CD
0.20% $100,000 Compare
MM RATES APY MIN
Money Market
0.02% $10,000 Compare
Money Market
0.05% $25,000 Compare

Overview 2022

General Bank Information

FDIC Insured Yes
FDIC Certificate # 57510
Date Established 2003
Assets $ 2.16 billion
Loans $ 1,210.29 million
Deposits $ 1,983.53 million
Capital $ 151.18 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 493.34 million
Interest-bearing balances $ 463.73 million
Total securities $ 380.17 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,210.29 million
Loan loss allowance $ 13.05 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 $ 56.53 million
     Total Assets $ 2.01 billion

LIABILITIES
Total deposits $ 1,983.53 million
      Interest-bearing deposits $ 986.25 million
      Deposits held in domestic offices $ 1,983.53 million
      % insured (estimated) 15.73%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 24.89 millionn
      Total Liabilities $ 2.01 billion
      Shareholders’ Equity $ 151.18 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 54.89 million
Total Interest Expense $ 2.62 million
Net interest income $ 52.27 million
Provision for loan and lease losses $ 3.57 million
Total non interest income $ 4.30 million
Total non interest expense $ 35.51 million
Pre-tax Net Operating Income $ 17.48 million

Avidbank is an FDIC insured institution headquartered at 1732 N 1st St. 6th Floor, San Jose, CA 95112.
It was founded in 2003 and has approximately $2 billion in assets. Customers can open an account at one of its 2 branches.

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Savings Comparison

This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.

PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES

Tax Rate: 30%

All calculations are for demonstration purposes only.

  • 1
    LOCAL CD
    Bank
    CALIFORNIA
    $50,000
    6 Month
    0.08%
    0.30x (National Avg. - 0.27%)
    $10,000
    -
    SCENARIO
    Year Rate
    0.08%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 40 28
    2 50,040 40 28
    3 50,080 40 28
    4 50,120 40 28
    5 50,160 40 28
    6 50,200 40 28
    7 50,240 40 28
    8 50,281 40 28
    9 50,321 40 28
    10 50,361 40 28
    11 50,401 40 28
    12 50,442 40 28
    13 50,482 40 28
    14 50,523 40 28
    15 50,563 40 28
    16 50,603 40 28
    17 50,644 41 28
    18 50,684 41 28
    19 50,725 41 28
    20 50,765 41 28
    TOTAL $806 $564
  • 2
    ONLINE CD
    Online Bank
    -
    $50,000
    12 Month
    1.30%
    3.23x (National Avg. - 0.40%)
    $5,000
    -
    SCENARIO
    Year Rate
    1.30%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 650 455
    2 50,650 658 461
    3 51,308 667 467
    4 51,975 676 473
    5 52,651 684 479
    6 53,336 693 485
    7 54,029 702 492
    8 54,731 712 498
    9 55,443 721 505
    10 56,164 730 511
    11 56,894 740 518
    12 57,633 749 524
    13 58,383 759 531
    14 59,142 769 538
    15 59,910 779 545
    16 60,689 789 552
    17 61,478 799 559
    18 62,277 810 567
    19 63,087 820 574
    20 63,907 831 582
    TOTAL $14,738 $10,317