FDIC Certificate #: 57060 Status: Inactive Closing history: Corrections Acquiring institution:New York Community Bank (#16022) Federal Reserve ID: 2960434 Date Established: November 17, 2000 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 6 (Interstate: No) FDIC's unique #: 356562 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: November 17, 2000 Last Structure Change Effective Date: March 26, 2010 Last Structure Change Process Date: March 29, 2010 Last Data Update: March 29, 2010 Data Source Date: April 05, 2012
Location
Address: 3001 East Camelback Road, Phoenix, AZ 85016 County: Maricopa 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): Phoenix-Mesa, AZ (#6200) Core Based Statistical Area (CBSA): Phoenix-Mesa-Glendale, AZ (#38060) CBSA Metro Statistical Area: Phoenix-Mesa-Glendale, AZ (#38060)
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $496.6 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2009)
Dollar figures in thousands
107Total employees (full-time equivalent)
$496,552Total assets
$62,372Cash and due from depository institutions
$58,213Interest-bearing balances
$6,609Securities
$0Federal funds sold & reverse repurchase agreements
$333,817Net loans & leases
$9,193Loan loss allowance
$0Trading account assets
$4,537Bank premises and fixed assets
$74,362Other real estate owned
$0Goodwill and other intangibles
$5,331Life insurance assets
$14,855All other assets
$496,552Total liabilities and capital
$473,857Total liabilities
$426,473Total deposits
$404,956Interest-bearing deposits
$426,473Deposits held in domestic offices
93.50%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$45,521Other borrowed funds
$0Subordinated debt
$1,863All other liabilities
$22,695Total equity capital
$22,695Total bank equity capital
$22,695Perpetual preferred stock
$0Common stock
$9Surplus
$47,636Undivided profits
Memoranda
$-24,950Noncurrent loans and leases
$34,548Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$14,562Earning assets
$0Long-term assets (5+ years)
$2,065Average Assets, year-to-date
$398,639Average Assets, quarterly
$31,576Volatile liabilities
$507,694Insider loans
$509,793FHLB advances
$161,899Loans and leases held for sale
$5,514Unused loan commitments
$44,500Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,801Total risk weighted assets
$34,548Total unused commitments
$44,623Restructured Loans and leases
$4,942Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$22,183Total interest income
$12,294Total interest expense
$9,889Net interest income
$6,585Provision for loan and lease losses
$4,034Total noninterest income
$0Fiduciary activities
$183Service charges on deposit accounts
$0Trading account gains & fees
$3,851Additional noninterest income
$17,366Total noninterest expense
$7,723Salaries and employee benefits
$2,191Premises and equipment expense
$7,452Additional noninterest expense
-$10,028Pre-tax net operating income
$107Securities gains (losses)
-$1,125Applicable income taxes
-$8,796Income before extraordinary items
$0Extraordinary gains - net
-$8,796Net income attributable to bank
$0Net charge-offs
-$8,796Cash dividends
$16,006Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.16%Yield on earning assets
2.86%Cost of funding earning assets
2.30%Net interest margin
0.94%Noninterest income to earning assets
4.04%Noninterest expense to earning assets
-1.75%Net operating income to assets
-1.73%Return on assets (ROA)
-1.95%Pretax return on assets
-36.46%Return on equity (ROE)
-36.46%Retained earnings to average equity (YTD only)
4.09%Net charge-offs to loans
41.14%Credit loss provision to net charge-offs
-0.22%Efficiency ratio
124,729Assets per employee
4.64%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.68%Loss allowance to noncurrent loans
63.13%Noncurrent assets plus other real estate owned to assets
17.91%Noncurrent loans to loans
4.25%Net loans and leases to deposits
78.27%Net loans and leases to core deposits
108.01%Equity capital to assets
4.57%Core capital (leverage) ratio
4.37%Tier 1 risk-based capital ratio
5.80%Total risk-based capital ratio
Memoranda
$7Average assets
$507,694Average earning assets
$24,125Average equity
$429,973Average loans
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