At Neighborhood National Bank, we live out Mahatma Gandhi's admonition to "Be the change you want to see in the world." We are committed to empowering the individuals, businesses and neighborhoods in our community so that they are financially thriving. We award loans in low-moderate income areas at more than four times the median lending rate of all US banks because we know the importance of investing in our future. View the full Community Impact Report to see the ways our contributions are impacting your neighborhoods.
Be The Change! Community Impact Report (PDF)
1 Percentage of Dollars in Target Area
- High Poverty Areas – are areas with greater than 30% of the population residing below the poverty line, as defined by the U.S. Department of Health and Human Services.
- High Unemployment Areas – are defined as census tracts with unemployment rates 15% higher than the San Diego region as a whole. Census tract-level unemployment data is from 2009, when the unemployment rate in San Diego was 10.0%; therefore any census tract with an unemployment rate above 11.5% is considered a High Unemployment Area.
- High Minority Areas - are defined as census tracts in which the percentage of the minority population is higher than the median percentage of the minority population in all California census tracts (above 25%).
See ‘MBDA Study Finds Capital Access Remains Major Barrier to Success for Minority-Owned Firms’ for more information on access to capital in minority communities. US Department of Commerce Minority Business Development Agency, January 29, 2010. According to the MBDA study, minority-owned firms receive fewer loans and smaller equity investments than non-minority owned firms, even when controlling for firm size.
- LMI Areas – are defined as census tracts that meet the following criteria set forth by the U.S. Department of Housing and Urban Development:
- Median income of the tract is at or below 80% of the Metropolitan Statistical Area median or below 80% of the statewide, non-metropolitan area median income
- At least 20% of the population lives in poverty
- The unemployment rate is at least 1.5 times the national average
See the Milken Institute Center for Capital Access and Job Formation for extensive literature on the lack of access to capital in LMI communities.
2 National Community Investment Fund, “The CDFI Banking Sector: 2010 Annual Report on Financial and Social Performance”.
3 The San Diego region median family income of $64,900 is a 2006 statistic from the U.S. Department of Housing and Urban Development.
4 Financial Crimes Enforcement Network, Registered Money Service Businesses as of August 5, 2011.