Sears National Bank in Tempe, Arizona (AZ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 16, 2004

  • Sears National Bank in Tempe, Arizona (AZ)
  • Show street view No street view available for this location

Sears National Bank - Overview

  • General
  • FDIC Certificate #: 21643
    Status: Inactive
    Federal Reserve ID: 507666
    Date Established: June 20, 1974
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 14977
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: June 20, 1974
    Last Structure Change Effective Date: June 16, 2004
    Last Structure Change Process Date: July 07, 2004
    Last Data Update: July 07, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 2626 South Hardy Drive, 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)
  • History of Changes
  • Other Liquidations and Closings
    Change in Insurance Status
  • Financial Summary
  • Total assets: $86.3 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, 2003)

  • Dollar figures in thousands
  • 4Total employees (full-time equivalent)
  • $86,280Total assets
  • $36,772Cash and due from depository institutions
  • $0Interest-bearing balances
  • $362Securities
  • $48,445Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $0Loan loss allowance
  • $0Trading account assets
  • $0Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $701All other assets
  • $86,280Total liabilities and capital
  • $15,421Total liabilities
  • $502Total deposits
  • $502Interest-bearing deposits
  • $502Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $14,919All other liabilities
  • $70,859Total equity capital
  • $70,859Total bank equity capital
  • $70,859Perpetual preferred stock
  • $0Common stock
  • $1,000Surplus
  • $17,081Undivided profits
  • Memoranda
  • $52,778Noncurrent loans and leases
  • $0Noncurrent 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)
  • $8Average Assets, year-to-date
  • $48,807Average Assets, quarterly
  • $362Volatile liabilities
  • $226,136Insider loans
  • $168,011FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $6,482Total interest income
  • $3,785Total interest expense
  • $2,697Net interest income
  • $0Provision for loan and lease losses
  • $193,634Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • -$25Trading account gains & fees
  • $193,659Additional noninterest income
  • $101,249Total noninterest expense
  • $7,744Salaries and employee benefits
  • $984Premises and equipment expense
  • $92,521Additional noninterest expense
  • $95,082Pre-tax net operating income
  • $0Securities gains (losses)
  • $38,215Applicable income taxes
  • $56,867Income before extraordinary items
  • $0Extraordinary gains - net
  • $56,867Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $23,871Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.25%Yield on earning assets
  • 2.48%Cost of funding earning assets
  • 1.77%Net interest margin
  • 127.08%Noninterest income to earning assets
  • 66.45%Noninterest expense to earning assets
  • 25.15%Net operating income to assets
  • 25.15%Return on assets (ROA)
  • 42.05%Pretax return on assets
  • 127.82%Return on equity (ROE)
  • 74.16%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
  • 51,571Assets per employee
  • 21.57%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 41.98%Loss allowance to loans
  • 0.00%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
  • 0.00%Net loans and leases to core deposits
  • 0.00%Equity capital to assets
  • 82.13%Core capital (leverage) ratio
  • 40.81%Tier 1 risk-based capital ratio
  • 409.14%Total risk-based capital ratio
  • Memoranda
  • $409Average assets
  • $226,136Average earning assets
  • $44,490Average equity
  • $152,375Average loans

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