Rio Salado Bank in Tempe, Arizona (AZ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 29, 1994

Rio Salado Bank in Tempe, Arizona (AZ)
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Rio Salado Bank - Overview

General
FDIC Certificate #: 24153
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: National Bank of Arizona (#20626)
Federal Reserve ID: 77860
Date Established: November 24, 1982
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 4 (Interstate: No)
OTS Docket #: 9395
FDIC's unique #: 16822
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: November 24, 1982
Last Structure Change Effective Date: April 29, 1994
Last Structure Change Process Date: May 06, 1994
Last Data Update: May 06, 1994
Data Source Date: April 05, 2012
Location
Address: 1400 East Southern Avenue, Tempe, AZ 85282
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)
Financial Summary
Total assets: $109.6 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$55Total assets
$107,169Cash and due from depository institutions
$6,781Interest-bearing balances
$194Securities
$46,484Federal funds sold & reverse repurchase agreements
$2,900Net loans & leases
$47,148Loan loss allowance
$1,271Trading account assets
$0Bank premises and fixed assets
$691Other real estate owned
$72Goodwill and other intangibles
$3,093Life insurance assets
$0All other assets
$0Total liabilities and capital
$107,169Total liabilities
$99,585Total deposits
$92,007Interest-bearing deposits
$65,649Deposits held in domestic offices
92007.00%% insured (estimated)
$73Federal funds purchased & repurchase agreements
$5,672Trading liabilities
$0Other borrowed funds
$552Subordinated debt
$0All other liabilities
$1,353Total equity capital
$1,353Total bank equity capital
$7,584Perpetual preferred stock
$0Common stock
$2,040Surplus
$2,621Undivided profits
Memoranda
$2,923Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,000Income earned, not collected on loans
$238Earning assets
$96,726Long-term assets (5+ years)
$27,392Average Assets, year-to-date
$103,981Average Assets, quarterly
$107,234Volatile liabilities
$18,129Insider loans
$3,384FHLB advances
$0Loans and leases held for sale
$2,723Unused loan commitments
$13,030Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$7,584Total risk weighted assets
$60,755Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$6,844Total interest expense
$2,066Net interest income
$4,778Provision for loan and lease losses
$400Total noninterest income
$1,664Fiduciary activities
$0Service charges on deposit accounts
$328Trading account gains & fees
$0Additional noninterest income
$1,336Total noninterest expense
$4,097Salaries and employee benefits
$2,149Premises and equipment expense
$596Additional noninterest expense
$1,352Pre-tax net operating income
$1,945Securities gains (losses)
-$6Applicable income taxes
$768Income before extraordinary items
$1,171Extraordinary gains - net
$24Net income attributable to bank
$1,195Net charge-offs
-$43Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.37%Cost of funding earning assets
2.22%Net interest margin
5.14%Noninterest income to earning assets
1.79%Noninterest expense to earning assets
4.41%Net operating income to assets
1.13%Return on assets (ROA)
1.15%Pretax return on assets
1.89%Return on equity (ROE)
17.25%Retained earnings to average equity (YTD only)
17.25%Net charge-offs to loans
-0.10%Credit loss provision to net charge-offs
-930.23%Efficiency ratio
63,598Assets per employee
1.95%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.63%Loss allowance to noncurrent loans
127.10%Noncurrent assets plus other real estate owned to assets
1.00%Noncurrent loans to loans
2.07%Net loans and leases to deposits
51.24%Net loans and leases to core deposits
58.86%Equity capital to assets
7.08%Core capital (leverage) ratio
7.00%Tier 1 risk-based capital ratio
12.48%Total risk-based capital ratio
Memoranda
$14Average assets
$103,981Average earning assets
$6,928Average equity
$92,906Average loans

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