How profitable a bank is affects its long-term survivability. A bank can retain its earnings, increasing its capital cushion, or put them to work addressing problematic loans, potentially making the bank better able to withstand economic shocks. Obviously, banks that are losing money have less ability to do those things.
On Bankrate's earnings test, Canyon Community Bank, National Association scored 0 out of a possible 30, coming in below the national average of 15.12.
One widely used way to measure a bank's earnings is return on equity, or net income (essentially profit) divided by total equity. Canyon Community Bank, National Association's most recent annualized quarterly return on equity was -0.79 percent, below the national average of 8.10 percent.
For the twelve months ended December 31, 2017, the bank earned net income of $-97,000 on total equity of $12.3 million. The bank had an annualized return on average assets, or ROA, of -0.11 percent, below the 1 percent deemed satisfactory in accordance with industry standards and below the average for U.S. banks of 1.00 percent.