Bank of America, National Association (USA) in Phoenix, Arizona (AZ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 20, 2006

  • Bank of America, National Association (USA) in Phoenix, Arizona (AZ)
  • Show street view No street view available for this location

Bank of America, National Association (USA) - Overview

  • General
  • FDIC Certificate #: 27595
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: FIA Card Services, National Association (#33318)
    Federal Reserve ID: 1417557
    Date Established: September 28, 1989
    WWW: http://www.bankofamerica.com
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 40428
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: September 28, 1989
    Last Structure Change Effective Date: October 20, 2006
    Last Structure Change Process Date: January 10, 2007
    Last Data Update: January 10, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 1825 East Buckeye Road, Phoenix, AZ 85034
    County: Maricopa
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Phoenix
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Phoenix-Mesa, AZ (#6200)
    Core Based Statistical Area (CBSA): Phoenix-Mesa-Glendale, AZ (#38060)
    CBSA Metro Statistical Area: Phoenix-Mesa-Glendale, AZ (#38060)
  • Financial Summary
  • Total assets: $57,282.1 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2005)

  • Dollar figures in thousands
  • 7,272Total employees (full-time equivalent)
  • $62,982,777Total assets
  • $1,014,347Cash and due from depository institutions
  • $460,787Interest-bearing balances
  • $14,615Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $58,951,646Net loans & leases
  • $3,423,612Loan loss allowance
  • $0Trading account assets
  • $3,029Bank premises and fixed assets
  • $0Other real estate owned
  • $1,619,907Goodwill and other intangibles
  • $0Life insurance assets
  • $1,379,233All other assets
  • $62,982,778Total liabilities and capital
  • $56,346,191Total liabilities
  • $72,379Total deposits
  • $0Interest-bearing deposits
  • $72,379Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $5,838,998Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $47,593,231Other borrowed funds
  • $950,000Subordinated debt
  • $1,891,583All other liabilities
  • $6,636,587Total equity capital
  • $6,636,587Total bank equity capital
  • $6,636,587Perpetual preferred stock
  • $0Common stock
  • $40,600Surplus
  • $3,855,074Undivided profits
  • Memoranda
  • $2,740,913Noncurrent loans and leases
  • $200,513,516Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,236,880Earning assets
  • $749Long-term assets (5+ years)
  • $375,364Average Assets, year-to-date
  • $59,427,048Average Assets, quarterly
  • $12,038Volatile liabilities
  • $57,715,077Insider loans
  • $61,363,894FHLB advances
  • $53,013,549Loans and leases held for sale
  • $707Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $200,513,516Total unused commitments
  • $0Restructured Loans and leases
  • $1,794,230Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $7,545,015Total interest income
  • $1,560,069Total interest expense
  • $5,984,946Net interest income
  • $4,434,356Provision for loan and lease losses
  • $2,231,488Total noninterest income
  • $0Fiduciary activities
  • $14,403Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,217,085Additional noninterest income
  • $1,903,250Total noninterest expense
  • $217,046Salaries and employee benefits
  • $22,340Premises and equipment expense
  • $1,663,864Additional noninterest expense
  • $1,878,828Pre-tax net operating income
  • $0Securities gains (losses)
  • $689,530Applicable income taxes
  • $1,189,298Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,189,298Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $3,759,577Sale, conversion, retirement of capital stock, net
  • $1,900,000Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 13.84%Yield on earning assets
  • 2.86%Cost of funding earning assets
  • 10.98%Net interest margin
  • 4.09%Noninterest income to earning assets
  • 3.49%Noninterest expense to earning assets
  • 2.06%Net operating income to assets
  • 2.06%Return on assets (ROA)
  • 3.26%Pretax return on assets
  • 17.07%Return on equity (ROE)
  • -10.20%Retained earnings to average equity (YTD only)
  • 6.55%Net charge-offs to loans
  • 117.95%Credit loss provision to net charge-offs
  • 1.68%Efficiency ratio
  • 21,415Assets per employee
  • 8.66%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 159.76%Loss allowance to loans
  • 5.49%Loss allowance to noncurrent loans
  • 276.79%Noncurrent assets plus other real estate owned to assets
  • 1.96%Noncurrent loans to loans
  • 1.98%Net loans and leases to deposits
  • 81448.55%Net loans and leases to core deposits
  • 81448.55%Equity capital to assets
  • 10.54%Core capital (leverage) ratio
  • 9.37%Tier 1 risk-based capital ratio
  • 8.66%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $57,715,077Average earning assets
  • $6,966,566Average equity
  • $54,528,618Average loans

Bank Assets Sold and Securitized (December 31, 2005)

  • Dollar figures in thousands
  • Principal balance with servicing or other recourse retained
  • $01-4 family residential loans
  • $0Home equity lines
  • $2,236,528Credit cards receivables
  • $0Auto loans
  • $0Other consumer loans
  • $0Commercial and industrial loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Bank of America, National Association (USA).
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents