FDIC Certificate #: 58717 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Western Trust Bank (#57607) Federal Reserve ID: 3485019 Date Established: November 12, 2008 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 463606 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 12, 2008 Last Structure Change Effective Date: September 17, 2011 Last Structure Change Process Date: September 28, 2011 Last Data Update: September 28, 2011 Data Source Date: April 05, 2012
Location
Address: 7025 N Scottsdale Rd, Scottsdale, AZ 85253 County: Maricopa Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: Dallas 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: $79.0 mil
2000 - 2011 Historical total assets, liabilities and capital ($ 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
10Total employees (full-time equivalent)
$65,849Total assets
$3,805Cash and due from depository institutions
$3,500Interest-bearing balances
$3,244Securities
$0Federal funds sold & reverse repurchase agreements
$57,623Net loans & leases
$690Loan loss allowance
$0Trading account assets
$233Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$944All other assets
$65,849Total liabilities and capital
$55,675Total liabilities
$55,413Total deposits
$50,487Interest-bearing deposits
$55,413Deposits held in domestic offices
72.54%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$262All other liabilities
$10,174Total equity capital
$10,174Total bank equity capital
$10,174Perpetual preferred stock
$0Common stock
$0Surplus
$12,465Undivided profits
Memoranda
$-2,291Noncurrent loans and leases
$8,448Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$218Average Assets, year-to-date
$64,367Average Assets, quarterly
$583Volatile liabilities
$64,897Insider loans
$65,360FHLB advances
$14,968Loans and leases held for sale
$10Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$8,448Total unused commitments
$0Restructured Loans and leases
$672Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$3,262Total interest income
$453Total interest expense
$2,809Net interest income
$156Provision for loan and lease losses
$578Total noninterest income
$452Fiduciary activities
$51Service charges on deposit accounts
$0Trading account gains & fees
$75Additional noninterest income
$3,172Total noninterest expense
$1,221Salaries and employee benefits
$392Premises and equipment expense
$1,559Additional noninterest expense
$59Pre-tax net operating income
$75Securities gains (losses)
$0Applicable income taxes
$134Income before extraordinary items
$0Extraordinary gains - net
$134Net income attributable to bank
$0Net charge-offs
$134Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.15%Yield on earning assets
0.71%Cost of funding earning assets
4.43%Net interest margin
0.91%Noninterest income to earning assets
5.01%Noninterest expense to earning assets
0.09%Net operating income to assets
0.21%Return on assets (ROA)
0.21%Pretax return on assets
1.33%Return on equity (ROE)
1.33%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
93,652Assets per employee
6.58%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.18%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
103.99%Net loans and leases to core deposits
142.47%Equity capital to assets
15.45%Core capital (leverage) ratio
14.98%Tier 1 risk-based capital ratio
18.70%Total risk-based capital ratio
Memoranda
$20Average assets
$64,897Average earning assets
$10,095Average equity
$63,357Average loans
Total Fiduciary and Related Assets (December 31, 2010)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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