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Overall Score

3

out of five

Clear Sky Accounts - HEALTH Report

Report Date: March 31, 2010

Warning: BankFox no longer updates health reports for this institution so information may be out of date.

This bank receives an overall health score of 3 out of 5 from BankFox, where 1 is the worst and 5 is the best. This score is based on an analysis of the bank's financials from the report date above as reported by the FDIC and other public sources. Learn more about bank health reports »

Health Report Summary

H
Holding Company

There are no notes regarding holding companies for this bank.

 

E
Earnings Success

This bank had a 1.0% annual return on assets.

4 out of 5

A
Available Equity

This bank has equity and reserves of 9.3% of assets.

3 out of 5

L
Loan Quality

This bank reports 1.7% of its loans are overdue.

3 out of 5

T
Third Parties

This bank relies on brokers for 7.1% of deposits.

3 out of 5

H
Historical Scores

This bank has averaged a 3 score over the last 3 years.

3 out of 5

Overall Score

Clear Sky Accounts received a score of  3  overall.

BankFox calculates an overall health score for each bank or bank holding company based on its earnings, available equity, loan quality, third-party reliance, and any adverse conditions with its holding company. This analysis is a simplified version of what the FDIC says it does to determine problematic banks. As with any analysis there are limitations, so our calculations should be viewed as an informed interpretation of bank data, but not a definitive measure of whether a bank will fail. More Information

What Each Score Means

Highest Score

5

Above Average Score

4

Middle Score

3

Below Average Score

2

Lowest Score

1
Banks With Each Score
  • 1
  • 2
  • 3
  • 4
  • 5

Holding Company

Before assessing a bank's health, BankFox looks to see if it's owned by a "Holding Company" that owns other banks or businesses. If it does, BankFox will include notes in this section about how this health report is affected by the holding company's status.

Earnings Success

This bank had a 1.0% return on assets, a score of  4  for earnings.

Healthy banks are generally profitable and earn money. To assess the relative profitability of banks, BankFox uses the statistic "Return on Assets" which equals the earnings (net income) of a bank, divided by its total assets. This number measures how profitable the bank is for its size. Banks with higher ROA tend to be healthier banks.

What Each Score Means

Profits over 2.0% of assets

5

Profits of 1.0% to 2.0% of assets

4

Profits up to 1.0% of assets

3

Losses under 1.0% of assets

2

Losses over 1.0% of assets

1
Banks With Each Score
  • 1
  • 2
  • 3
  • 4
  • 5

Available Equity

This bank has equity and reserves of 9.3% of assets, a score of  3  for available equity.

Equity is the difference between what a bank owns (its assets) and what it owes (its liabilities). This metric is good for determining how much of a cushion the bank has to pay back depositors if it loses money. BankFox uses a metric it calls "Available Equity" which is the same as equity except it gives the bank credit for reserves they've set aside for potential future losses, and removes "goodwill," an asset that would be hard to use to pay depositors if the bank began to have serious trouble.

What Each Score Means

More than 16% of assets

5

12% to 16% of assets

4

9% to 12% of assets

3

7% to 9% of assets

2

Less than 7% of assets

1
Banks With Each Score
  • 1
  • 2
  • 3
  • 4
  • 5

Loan Quality

This bank reports 1.7% of its loans overdue, a score of  3  for loan quality.

Healthy banks generally don't have many bad loans. BankFox looks at what percentage of a bank's loans are non-current, meaning that the borrowers are 90 days or more delinquent on making payments. The bank is less healthy the higher percentage of its bad loans.

What Each Score Means

Less than 0.1% overdue

5

0.1% to 0.5% overdue

4

0.5% to 2.0% overdue

3

2.0% to 5.0% overdue

2

More than 5.0% overdue

1
Banks With Each Score
  • 1
  • 2
  • 3
  • 4
  • 5

Third Parties

This bank relies on brokers for 7.1% of deposits, a score of 3 for third-party reliance.

Occasionally banks turn to third-party brokers (like Ameritrade or Schwab) to get extra deposits beyond their core customers. Generally banks must pay higher interest on "brokered deposits" and have no way to build long-term profitable relationships with these depositors. Given the disadvantages of brokered deposits, the FDIC has determined that an increasing or high reliance on them can be a sign of bank weakness, and could cause liquidity problems.

What Each Score Means

No brokered deposits

5

0% to 5% of deposits

4

5% to 15% of deposits

3

15% to 25% of deposits

2

More than 25% of deposits

1
Banks With Each Score
  • 1
  • 2
  • 3
  • 4
  • 5

Historical Reports

This bank received an average score of  3  over the last 3 years.

BankFox does not take into account a bank's historical health in determining its overall current score, but it's still useful to see how a bank's condition has changed over the past few years to get a sense of how long its current health has persisted.

Historical Overall Scores

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