FDIC Certificate #: 33497 Status: Active Federal Reserve ID: 1893049 Date Established: August 30, 1991 WWW:http://www.nordstrombank.com Trust Powers Granted: No Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 15846 FDIC's unique #: 47221 Numeric code: 33 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: No Subchapter S Corporations: No Asset Concentration Hierarchy: All Other Specialization < 1 Billion Date of Deposit Insurance: August 30, 1991 Last Structure Change Effective Date: July 21, 2011 Last Structure Change Process Date: July 21, 2011 Last Data Update: July 21, 2011 Data Source Date: April 05, 2012
Location
Address: 8502 East Princess Drive, 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
Change in Primary Regulatory Agency
Financial Summary
Total assets: $312.6 mil Equity capital: $112.1 mil Deposits held in domestic offices: $77.1 mil Return on assets (ROA): 36.00% ($112.7 mil) Quarterly return on assets: 36.71% ($114.9 mil) Return on Equity (ROE): 79.08% ($88.6 mil) Quarterly return on equity: 95.07% ($106.5 mil) Net income: $91.4 mil Quarterly Net income: $27.6 mil Pretax return on assets: 57.82% ($180,723.3 mil) Quarterly Pretax return on assets: 60.56% ($189,287.5 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
Dollar figures in thousands
550Total employees (full-time equivalent)
$312,562Total assets
$85,160Cash and due from depository institutions
$73,527Interest-bearing balances
$9,006Securities
$35,000Federal funds sold & reverse repurchase agreements
$148,347Net loans & leases
$7,867Loan loss allowance
$0Trading account assets
$7,655Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$312,562Life insurance assets
$27,394All other assets
$200,458Total liabilities and capital
$77,073Total liabilities
$36,539Total deposits
$77,073Interest-bearing deposits
$86Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$123,385Subordinated debt
$112,104All other liabilities
$112,104Total equity capital
$112,104Total bank equity capital
$0Perpetual preferred stock
$1,500Common stock
$1,740Surplus
$108,864Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,623Income earned, not collected on loans
$0Earning assets
$408Long-term assets (5+ years)
$265,880Average Assets, year-to-date
$0Average Assets, quarterly
$253,795Volatile liabilities
$301,196Insider loans
$192,838FHLB advances
$312,562Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$112,104Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$13,391,684Restructured Loans and leases
$1,788Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$19,200Total interest income
$727Total interest expense
$18,473Net interest income
$7,164Provision for loan and lease losses
$242,810Total noninterest income
$0Fiduciary activities
$13Service charges on deposit accounts
$0Trading account gains & fees
$242,797Additional noninterest income
$107,373Total noninterest expense
$36,431Salaries and employee benefits
$37,170Premises and equipment expense
$33,772Additional noninterest expense
$146,746Pre-tax net operating income
$0Securities gains (losses)
$55,373Applicable income taxes
$91,373Income before extraordinary items
$0Extraordinary gains - net
$91,373Net income attributable to bank
$0Net charge-offs
$91,373Cash dividends
$9,151Sale, conversion, retirement of capital stock, net
$96,700Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.81%Yield on earning assets
0.33%Cost of funding earning assets
8.47%Net interest margin
111.37%Noninterest income to earning assets
49.25%Noninterest expense to earning assets
36.00%Net operating income to assets
36.00%Return on assets (ROA)
57.82%Pretax return on assets
79.08%Return on equity (ROE)
-4.61%Retained earnings to average equity (YTD only)
6.39%Net charge-offs to loans
78.29%Credit loss provision to net charge-offs
16.82%Efficiency ratio
41,095Assets per employee
0.57%Cash dividends to net income (YTD only)
Condition Ratios (%)
105.83%Loss allowance to loans
5.04%Loss allowance to noncurrent loans
484.72%Noncurrent assets plus other real estate owned to assets
0.52%Noncurrent loans to loans
1.04%Net loans and leases to deposits
192.48%Net loans and leases to core deposits
207.02%Equity capital to assets
35.87%Core capital (leverage) ratio
35.87%Tier 1 risk-based capital ratio
58.13%Total risk-based capital ratio
Memoranda
$59Average assets
$253,795Average earning assets
$115,544Average equity
$218,014Average loans
List of branches
1 Arizona Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
47221
Nordstrom Fsb
8502 East Princess Drive, Suite 150, Scottsdale, AZ 85255
August 30, 1991
Full Service Brick and Mortar
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