Stearns Bank Arizona National Association - Overview
General
FDIC Certificate #: 34431 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Stearns Bank National Association (#10988) Federal Reserve ID: 2572109 Date Established: July 21, 1997 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 #: 57194 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: July 21, 1997 Last Structure Change Effective Date: December 28, 2007 Last Structure Change Process Date: January 08, 2008 Last Data Update: January 08, 2008 Data Source Date: April 05, 2012
Location
Address: 9225 East Shea Boulevard, Scottsdale, AZ 85260 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: $185.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2006)
Dollar figures in thousands
40Total employees (full-time equivalent)
$218,168Total assets
$8,448Cash and due from depository institutions
$15Interest-bearing balances
$2,203Securities
$27,150Federal funds sold & reverse repurchase agreements
$175,065Net loans & leases
$9,003Loan loss allowance
$0Trading account assets
$2,027Bank premises and fixed assets
$1,537Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,738All other assets
$218,168Total liabilities and capital
$192,631Total liabilities
$192,258Total deposits
$146,776Interest-bearing deposits
$192,258Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$373All other liabilities
$25,537Total equity capital
$25,537Total bank equity capital
$25,537Perpetual preferred stock
$0Common stock
$522Surplus
$4,607Undivided profits
Memoranda
$20,408Noncurrent loans and leases
$35,383Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,552Earning assets
$1,547Long-term assets (5+ years)
$1,060Average Assets, year-to-date
$204,433Average Assets, quarterly
$4,352Volatile liabilities
$212,992Insider loans
$215,706FHLB advances
$19,490Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$35,383Total unused commitments
$0Restructured Loans and leases
$2,637Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$21,849Total interest income
$6,602Total interest expense
$15,247Net interest income
$4,100Provision for loan and lease losses
$1,960Total noninterest income
$0Fiduciary activities
$78Service charges on deposit accounts
$0Trading account gains & fees
$1,882Additional noninterest income
$5,712Total noninterest expense
$3,465Salaries and employee benefits
$424Premises and equipment expense
$1,823Additional noninterest expense
$7,395Pre-tax net operating income
$0Securities gains (losses)
$2Applicable income taxes
$7,393Income before extraordinary items
$0Extraordinary gains - net
$7,393Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1,238Sale, conversion, retirement of capital stock, net
$850Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
10.80%Yield on earning assets
3.26%Cost of funding earning assets
7.54%Net interest margin
0.97%Noninterest income to earning assets
2.82%Noninterest expense to earning assets
3.47%Net operating income to assets
3.47%Return on assets (ROA)
3.47%Pretax return on assets
32.61%Return on equity (ROE)
28.86%Retained earnings to average equity (YTD only)
0.70%Net charge-offs to loans
331.18%Credit loss provision to net charge-offs
9.29%Efficiency ratio
33,196Assets per employee
5.45%Cash dividends to net income (YTD only)
Condition Ratios (%)
11.50%Loss allowance to loans
4.89%Loss allowance to noncurrent loans
580.09%Noncurrent assets plus other real estate owned to assets
1.42%Noncurrent loans to loans
0.84%Net loans and leases to deposits
91.06%Net loans and leases to core deposits
101.33%Equity capital to assets
11.71%Core capital (leverage) ratio
11.61%Tier 1 risk-based capital ratio
12.52%Total risk-based capital ratio
Memoranda
$14Average assets
$212,992Average earning assets
$22,669Average equity
$202,314Average loans
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