FDIC Certificate #: 32582 Status: Inactive Federal Reserve ID: 1198454 Date Established: May 18, 1988 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 8489 FDIC's unique #: 45416 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: May 18, 1988 Last Structure Change Effective Date: October 22, 2010 Last Structure Change Process Date: October 25, 2010 Last Data Update: October 25, 2010 Data Source Date: April 05, 2012
Location
Address: 17015 North Scottsdale Road, Suite 150, Scottsdale, AZ 85255 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
Financial Difficulty - Payoff
Financial Summary
Total assets: $255.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
85Total employees (full-time equivalent)
$311,579Total assets
$45,233Cash and due from depository institutions
$41,751Interest-bearing balances
$16,543Securities
$0Federal funds sold & reverse repurchase agreements
$218,980Net loans & leases
$5,568Loan loss allowance
$0Trading account assets
$1,463Bank premises and fixed assets
$13,847Other real estate owned
$964Goodwill and other intangibles
$0Life insurance assets
$14,549All other assets
$311,579Total liabilities and capital
$296,478Total liabilities
$214,300Total deposits
$205,604Interest-bearing deposits
$214,300Deposits held in domestic offices
97.58%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$80,500Other borrowed funds
$0Subordinated debt
$1,678All other liabilities
$15,101Total equity capital
$15,101Total bank equity capital
$15,101Perpetual preferred stock
$0Common stock
$2,418Surplus
$33,695Undivided profits
Memoranda
$-21,012Noncurrent loans and leases
$6,193Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$24,507Earning assets
$0Long-term assets (5+ years)
$988Average Assets, year-to-date
$277,274Average Assets, quarterly
$0Volatile liabilities
$341,521Insider loans
$328,189FHLB advances
$148,622Loans and leases held for sale
$1,895Unused loan commitments
$80,500Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,193Total unused commitments
$20,811Restructured Loans and leases
$2,117Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$13,433Total interest income
$9,835Total interest expense
$3,598Net interest income
$24,350Provision for loan and lease losses
$283Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$283Additional noninterest income
$11,126Total noninterest expense
$3,853Salaries and employee benefits
$1,586Premises and equipment expense
$5,687Additional noninterest expense
-$31,595Pre-tax net operating income
-$2,379Securities gains (losses)
-$6,109Applicable income taxes
-$27,865Income before extraordinary items
$0Extraordinary gains - net
-$27,865Net income attributable to bank
$0Net charge-offs
-$27,865Cash dividends
$15,421Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.45%Yield on earning assets
3.26%Cost of funding earning assets
1.19%Net interest margin
0.09%Noninterest income to earning assets
3.69%Noninterest expense to earning assets
-7.59%Net operating income to assets
-8.16%Return on assets (ROA)
-9.95%Pretax return on assets
-115.76%Return on equity (ROE)
-115.76%Retained earnings to average equity (YTD only)
5.66%Net charge-offs to loans
157.90%Credit loss provision to net charge-offs
-0.47%Efficiency ratio
286,189Assets per employee
3.67%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.48%Loss allowance to noncurrent loans
22.72%Noncurrent assets plus other real estate owned to assets
12.31%Noncurrent loans to loans
10.91%Net loans and leases to deposits
102.18%Net loans and leases to core deposits
149.80%Equity capital to assets
4.85%Core capital (leverage) ratio
3.54%Tier 1 risk-based capital ratio
6.38%Total risk-based capital ratio
Memoranda
$8Average assets
$341,521Average earning assets
$24,071Average equity
$301,676Average loans
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