Balboa Thrift and Loan Association
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Data as of · sourced from FFIEC call reports. How we update
Balboa Thrift and Loan Association is an FDIC-insured commercial bank headquartered in Chula Vista, CA, established in 1980 (FDIC certificate 26704), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $394.5M, down 5.8% from Q2 2025, the 85th largest of 113 banks headquartered in California. It reports no CET1 ratio; its Tier 1 leverage ratio was 10.61% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 26704
- Headquarters
- Chula Vista, CA
- Established
- 1980
- Total assets, Q2 2026
- $394.5M
- Assets vs Q2 2025
- -5.8%
- Tier 1 leverage ratio, Q2 2026
- 10.61%
- Domestic offices
- 4 FDIC institution directory, current count
- Routing number
- 322284928
- Latest call report
- Q2 2026, FFIEC 051 · Balboa Thrift and Loan Association call report
- Holding company
- HAFIF BANCORP
- Asset rank in state
- 85th of 113 in California
Problem loans are rising at Balboa Thrift and Loan Association. It reported $394 million in assets at June 30, 2026, down 5.8% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 1.14% of loans from 0.31% a year earlier. It loses about $0.80 a year on every $100 of assets, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median $1.28). On the other hand, it keeps 4.99 cents of net interest income on every dollar of earning assets, higher than about 9 in 10 banks its size (median 3.95 cents).
It lost $803,000 in the quarter. Delinquency has appeared in its $80 million multifamily book: 3.35% of those loans are past due or on nonaccrual, against almost none a year earlier. Funding is the softer spot: it pays an average of 4.14% on its deposits and borrowings, 2.3 times the median of 1.80% for banks its size.
As of June 30, 2026, Balboa Thrift and Loan Association reported a return on assets of -0.80%, a nonperforming-loan ratio of 1.14% and a Texas ratio of 7.64%. The figures come from its call report filed with the FFIEC.
Of the 113 banks headquartered in California, Balboa Thrift and Loan Association is the 85th largest by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets fell 3.3% to $394.5M, loans fell 3.7% and deposits fell 3.5%. Auto loans made up 60.2% of its total loans on June 30, 2026, its largest category; next came multifamily loans at 22.5%. Its 4 offices in the FDIC Summary of Deposits are in 4 cities in CA; its Chula Vista office books 56% of its branch deposits. On its Q2 2026 call report, Balboa Thrift and Loan Association meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 865 Amena Ct, Chula Vista, CA 91910
- County
- San Diego
- Metro Area
- San Diego-Chula Vista-Carlsbad, CA
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- San Francisco (Region 14)
- Federal Reserve member
- No
- Federal Reserve district
- District 12, San Francisco
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- December 11, 1980
- Domestic offices
- 4 FDIC institution directory, current count
- Employees (FTE)
- 87
- Domestic deposits
- $348.3M
- Allowance for credit losses
- $9.1M
- Net charge-offs (YTD)
- $4.6M
- Average total assets
- $402.6M
- Average total loans
- $361.6M
- Average interest-bearing deposits
- $353.3M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- No
- FDIC-insured since
- July 3, 1986
- FDIC Cert
- 26704
- Fed RSSD
- 696168
- Website
- http://www.balboathrift.com →
- Parent Holding Company
- HAFIF BANCORP (RSSD 4805436)
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, Balboa Thrift and Loan Association reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, Balboa Thrift and Loan Association's total assets ranged from $393.8M (Q3 2023) to $425.7M (Q3 2024), and it posted no profit in any of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$394.5M total assets against $418.8M; $350.5M total liabilities against $371.9M.
$346.1M net loans and leases against $378.7M; $348.3M total deposits against $369.7M.
$0 securities against $0; $35.6M cash and balances due against $29.9M.
$8.6M total interest income against $9.0M; $3.7M total interest expense against $4.1M.
$4.9M net interest income against $5.0M.
$167K total noninterest income against $207K; $3.5M total noninterest expense against $3.8M.
$2.7M provision for credit losses against $1.6M.
-$803K net income against -$143K.
-0.80% return on assets against -0.14%; 4.99% net interest margin against 4.87%.
10.61% tier 1 leverage ratio against 11.18%.
Inside the full Balboa Thrift and Loan Association terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
Balboa Thrift and Loan Association rankings
Its closest position to the top of a national ranking is 875 of 3,640, for Texas Ratio; its furthest is 3,565 of 3,611, for ROA.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from -0.80% (Q2 2026) to -0.11% (Q4 2024) and its net interest margin ran from 4.38% (Q3 2024) to 5.29% (Q4 2025).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.61% | -0.80% | 1.14% | 7.64% | 4.99% |
| Q1 2026 | 10.76% | -0.60% | 0.97% | 6.71% | 4.94% |
| Q4 2025 | 10.66% | -0.68% | 0.49% | 3.39% | 5.29% |
| Q3 2025 | 10.83% | -0.71% | 0.40% | 2.82% | 4.78% |
| Q2 2025 | 11.18% | -0.14% | 0.31% | 2.15% | 4.87% |
| Q1 2025 | 11.20% | -0.49% | 0.24% | 1.69% | 4.54% |
| Q4 2024 | 11.17% | -0.11% | 0.41% | 2.78% | 4.69% |
| Q3 2024 | 11.30% | -0.57% | 0.30% | 2.08% | 4.38% |
Swipe the table sideways to see every column.
Branch Network
View all 4 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Balboa Thrift and Loan Association (main office) | Chula Vista , CA | 91910 | $196.6M |
| Fresno Branch | Fresno , CA | 93711 | $89.4M |
| Claremont Branch | Claremont , CA | 91711 | $54.3M |
| La Quinta Branch | La Quinta , CA | 92253 | $8.1M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in CA, rank 119 of 164 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Not on file
- Enforcement actions, Mortgage lending (HMDA), SBA 7(a) lending, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Balboa Thrift and Loan Association
What are Balboa Thrift and Loan Association's total assets?
As of the Q2 2026 filing, Balboa Thrift and Loan Association reported total assets of $394.5 million in its FFIEC call report.
Where is Balboa Thrift and Loan Association headquartered?
It is headquartered in Chula Vista, CA, United States.
When was Balboa Thrift and Loan Association founded?
It was established in 1980, per the FDIC institution directory.
Is Balboa Thrift and Loan Association FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #26704). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Balboa Thrift and Loan Association?
Balboa Thrift and Loan Association's primary federal regulator is the FDIC.
How many branches does Balboa Thrift and Loan Association operate?
It operates 4 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Balboa Thrift and Loan Association's Texas Ratio?
Its Texas Ratio is 7.64% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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