185 banks currently operate in the state of California. These are banks that are also insured by the federal deposit insurance corporation. Of the banks operating within the state, 141 are also headquartered in the state. Therefore, these 141 banks can be considered California-based banks though they might operate nationally or internationally. Banks operating within the state had in total $1,198 billion of assets, $1,027 billion of deposits and $692 billion of loans outstanding as of this writing. Banks in California state currently employ a total of 76,330 people within the state. This amounts to 0.2% of the overall population of the state. In addition, residential mortgages made up 17% of the assets managed by banks operating within the state.

Density of Banks in California

Banks in California currently have a total of 6,267 branches located within the state. This equates to 1.6 branches per 10,000 people in California.  Comparing the banks in California to banks operating in other states on this measure, California ranks 47th out of 52 states and territories in terms of branches per capita.  Another way to view this is by looking at the physical accessibility. On this basis, banks in California had on average 4.0 branches per 100 square miles. As a result, California ranks 19th out of 52 states and territories in terms of most branches per square mile.

Performance of Banks in California

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  • Net Interest Margin – banks in this state are on average above the national average on this metric. In total the net interest margin for the banks in California is ranked 41st out of the 52 states and main territories in the country.
  • Return on Assets – in terms of this important return metric, banks in this state are on average lower than the national average. Altogether the Return on Assets for the banks in California is ranked 44th out of the 52 states and main territories in the country.
  • Return on Equity – banks in this state on average have a lower return on equity than the national average. Overall, the Return on Equity for banks in California is ranked 45th out of the 52 states and main territories in the country.
  • Loan to Deposit – Banks in this state are on average below the national average when it comes to loan to deposit. Loan to deposit ratio is a good way to assess the liquidity of a bank. Lower is better as it means that a bank is funding more of its lending activities with its deposit base. Banks in California are ranked 31st out of the 52 states and main territories in the country when it comes to loan to deposits.
  • Nonperforming Assets – this metric gives us an idea of the quality of a bank’s assets and their performance. Banks in this state are on average better than the national average when it comes to nonperforming assets. We’re specifically looking at the level of nonperformance among the asset base. A higher figure indicates lower quality. Overall, banks in California are ranked 8th out of the 52 states and main territories in the country when it comes to the percentage of their assets that are nonperforming.

5 Largest Banks in California

deposit-market-share-of-banks-in-California

As of this writing Bank of America is the largest bank operating in California and this is based on its share of deposits within the state. Bank of America currently has a 21% share of the deposits within the state. Below is summary information on the top 5 largest banks in California.

Bank of America

Bank of America currently has the largest share of deposits within the state and has $443.1 billion of deposits. In addition to this the bank also has 852 offices within the state, which represents 21% of its total domestic offices.

Main Office Address: 100 N Tryon St Charlotte, NC 28202

Website: www.bankofamerica.com

Wells Fargo Bank

Wells Fargo Bank currently has the second largest share of deposits within the state and has $335.1 billion of deposits. The bank also has 928 offices within the state, which represents 19% of its total domestic offices.

Main Office Address: 101 N. Phillips Ave. Sioux Falls, SD 57104

Website: www.wellsfargo.com

JPMorgan Chase Bank

JPMorgan Chase Bank currently has the third largest share of deposits within the state and has $253.2 billion of deposits. The bank also has 944 offices within the state, which represents 19% of its total domestic offices.

Main Office Address: 1111 Polaris Pkwy. Columbus, OH 43240

Website: www.jpmorganchase.com

Silicon Valley Bank

Silicon Valley Bank currently has the fourth largest share of deposits within the state and has $134.4 billion of deposits. Further, the bank also has 4 offices within the state, which represents 16% of its total domestic offices.

Main Office Address: 3003 Tasman Dr Santa Clara, CA 95054

Website: www.svb.com

Mufg Union Bank

Mufg Union Bank currently has the fifth largest share of deposits within the state and has $97.5 billion of deposits. In addition, the bank also has 284 offices within the state, which represents 94% of its total domestic offices.

Main Office Address: 350 California St, 1st Fl. San Francisco, CA 94104

Website: www.unionbank.com