FDIC Certificate #: 34189 Status: Inactive Closing history: Office Sold Acquiring institution:Bank of Tucson (#34708) Federal Reserve ID: 2412072 Date Established: June 27, 1996 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 56847 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: June 27, 1996 Last Structure Change Effective Date: January 24, 2011 Last Structure Change Process Date: Febuary 08, 2011 Last Data Update: Febuary 08, 2011 Data Source Date: April 05, 2012
Location
Address: 4400 East Broadway Boulevard, Tucson, AZ 85711 County: Pima Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: Phoenix Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): Tucson, AZ (#8520) Core Based Statistical Area (CBSA): Tucson, AZ (#46060) CBSA Metro Statistical Area: Tucson, AZ (#46060)
History of Changes
Merger - Without Assistance
Office Sold
Financial Summary
Total assets: $224.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2010)
Dollar figures in thousands
39Total employees (full-time equivalent)
$224,412Total assets
$56,329Cash and due from depository institutions
$50,528Interest-bearing balances
$4,007Securities
$0Federal funds sold & reverse repurchase agreements
$156,954Net loans & leases
$2,380Loan loss allowance
$0Trading account assets
$924Bank premises and fixed assets
$1,447Other real estate owned
$0Goodwill and other intangibles
$769Life insurance assets
$4,751All other assets
$224,412Total liabilities and capital
$208,851Total liabilities
$208,159Total deposits
$139,344Interest-bearing deposits
$208,159Deposits held in domestic offices
71.42%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$692All other liabilities
$15,561Total equity capital
$15,561Total bank equity capital
$15,561Perpetual preferred stock
$0Common stock
$1,916Surplus
$3,548Undivided profits
Memoranda
$10,097Noncurrent loans and leases
$22,268Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$7,711Earning assets
$0Long-term assets (5+ years)
$606Average Assets, year-to-date
$211,489Average Assets, quarterly
$44,749Volatile liabilities
$216,597Insider loans
$219,673FHLB advances
$22,126Loans and leases held for sale
$3,174Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$22,268Total unused commitments
$5,938Restructured Loans and leases
$2,092Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$11,434Total interest income
$1,043Total interest expense
$10,391Net interest income
$2,105Provision for loan and lease losses
$308Total noninterest income
$0Fiduciary activities
$406Service charges on deposit accounts
$0Trading account gains & fees
-$98Additional noninterest income
$6,074Total noninterest expense
$2,463Salaries and employee benefits
$828Premises and equipment expense
$2,783Additional noninterest expense
$2,520Pre-tax net operating income
$0Securities gains (losses)
$959Applicable income taxes
$1,561Income before extraordinary items
$0Extraordinary gains - net
$1,561Net income attributable to bank
$0Net charge-offs
$1,561Cash dividends
$1,629Sale, conversion, retirement of capital stock, net
$5,000Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.65%Yield on earning assets
0.52%Cost of funding earning assets
5.13%Net interest margin
0.15%Noninterest income to earning assets
3.00%Noninterest expense to earning assets
0.72%Net operating income to assets
0.72%Return on assets (ROA)
1.16%Pretax return on assets
8.71%Return on equity (ROE)
-19.18%Retained earnings to average equity (YTD only)
1.02%Net charge-offs to loans
129.22%Credit loss provision to net charge-offs
2.84%Efficiency ratio
56,772Assets per employee
5.75%Cash dividends to net income (YTD only)
Condition Ratios (%)
320.31%Loss allowance to loans
1.49%Loss allowance to noncurrent loans
30.86%Noncurrent assets plus other real estate owned to assets
4.08%Noncurrent loans to loans
4.84%Net loans and leases to deposits
75.40%Net loans and leases to core deposits
84.37%Equity capital to assets
6.93%Core capital (leverage) ratio
7.09%Tier 1 risk-based capital ratio
9.31%Total risk-based capital ratio
Memoranda
$11Average assets
$216,597Average earning assets
$17,931Average equity
$202,421Average loans
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