FDIC Certificate #: 58044 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:FirstBank (#18714) Federal Reserve ID: 3602469 Date Established: August 01, 2007 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 8 (Interstate: No) FDIC's unique #: 437016 Numeric code: 13 Regulator: FED 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: August 01, 2007 Last Structure Change Effective Date: May 21, 2011 Last Structure Change Process Date: June 14, 2011 Last Data Update: June 14, 2011 Data Source Date: April 05, 2012
Location
Address: 2525 East Camelback Road, Suite 115, Phoenix, AZ 85016 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: $149.2 mil
2000 - 2011 Historical total assets, liabilities and capital ($ 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
45Total employees (full-time equivalent)
$133,974Total assets
$1,954Cash and due from depository institutions
$0Interest-bearing balances
$5,984Securities
$3,354Federal funds sold & reverse repurchase agreements
$88,476Net loans & leases
$2,159Loan loss allowance
$0Trading account assets
$31,925Bank premises and fixed assets
$441Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,840All other assets
$133,974Total liabilities and capital
$102,133Total liabilities
$101,055Total deposits
$86,001Interest-bearing deposits
$101,055Deposits held in domestic offices
92.39%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$32Other borrowed funds
$0Subordinated debt
$1,046All other liabilities
$31,841Total equity capital
$31,841Total bank equity capital
$31,841Perpetual preferred stock
$0Common stock
$1,000Surplus
$39,800Undivided profits
Memoranda
$-8,959Noncurrent loans and leases
$6,447Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$794Earning assets
$0Long-term assets (5+ years)
$395Average Assets, year-to-date
$97,814Average Assets, quarterly
$23,253Volatile liabilities
$130,404Insider loans
$132,945FHLB advances
$22,566Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,447Total unused commitments
$939Restructured Loans and leases
$1,403Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$5,437Total interest income
$1,120Total interest expense
$4,317Net interest income
$1,254Provision for loan and lease losses
-$426Total noninterest income
$0Fiduciary activities
$237Service charges on deposit accounts
$0Trading account gains & fees
-$663Additional noninterest income
$7,304Total noninterest expense
$3,187Salaries and employee benefits
$1,911Premises and equipment expense
$2,206Additional noninterest expense
-$4,667Pre-tax net operating income
$51Securities gains (losses)
-$1,353Applicable income taxes
-$3,263Income before extraordinary items
$0Extraordinary gains - net
-$3,263Net income attributable to bank
$0Net charge-offs
-$3,263Cash dividends
$650Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.88%Yield on earning assets
1.21%Cost of funding earning assets
4.67%Net interest margin
-0.46%Noninterest income to earning assets
7.90%Noninterest expense to earning assets
-2.53%Net operating income to assets
-2.50%Return on assets (ROA)
-3.54%Pretax return on assets
-9.71%Return on equity (ROE)
-9.71%Retained earnings to average equity (YTD only)
0.78%Net charge-offs to loans
192.92%Credit loss provision to net charge-offs
-5.25%Efficiency ratio
187,715Assets per employee
2.98%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.38%Loss allowance to noncurrent loans
271.91%Noncurrent assets plus other real estate owned to assets
0.92%Noncurrent loans to loans
0.88%Net loans and leases to deposits
87.55%Net loans and leases to core deposits
112.68%Equity capital to assets
23.77%Core capital (leverage) ratio
23.96%Tier 1 risk-based capital ratio
28.58%Total risk-based capital ratio
Memoranda
$30Average assets
$130,404Average earning assets
$33,606Average equity
$92,465Average loans
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