FDIC Certificate #: 57697 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Commerce Bank of Arizona (#57279) Federal Reserve ID: 3257047 Date Established: April 01, 2004 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 420152 Numeric code: 21 Regulator: FDIC 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: April 01, 2004 Last Structure Change Effective Date: May 07, 2010 Last Structure Change Process Date: May 11, 2010 Last Data Update: May 11, 2010 Data Source Date: April 05, 2012
Location
Address: 3156 East Baseline Road, Mesa, AZ 85204 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: $120.2 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2009)
Dollar figures in thousands
25Total employees (full-time equivalent)
$127,515Total assets
$1,157Cash and due from depository institutions
$41Interest-bearing balances
$9,177Securities
$13,898Federal funds sold & reverse repurchase agreements
$76,410Net loans & leases
$4,411Loan loss allowance
$0Trading account assets
$331Bank premises and fixed assets
$25,522Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,020All other assets
$127,514Total liabilities and capital
$120,434Total liabilities
$113,643Total deposits
$106,310Interest-bearing deposits
$113,643Deposits held in domestic offices
70.92%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$6,000Other borrowed funds
$0Subordinated debt
$791All other liabilities
$7,080Total equity capital
$7,080Total bank equity capital
$7,080Perpetual preferred stock
$0Common stock
$16,009Surplus
$19,630Undivided profits
Memoranda
$-28,559Noncurrent loans and leases
$2,254Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$10,639Earning assets
$0Long-term assets (5+ years)
$169Average Assets, year-to-date
$99,526Average Assets, quarterly
$13,139Volatile liabilities
$136,177Insider loans
$127,121FHLB advances
$88,386Loans and leases held for sale
$10Unused loan commitments
$6,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,254Total unused commitments
$1,405Restructured Loans and leases
$1,409Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$5,687Total interest income
$3,524Total interest expense
$2,163Net interest income
$9,013Provision for loan and lease losses
-$4,724Total noninterest income
$0Fiduciary activities
$22Service charges on deposit accounts
$0Trading account gains & fees
-$4,746Additional noninterest income
$6,678Total noninterest expense
$2,456Salaries and employee benefits
$709Premises and equipment expense
$3,513Additional noninterest expense
-$18,252Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$18,252Income before extraordinary items
$0Extraordinary gains - net
-$18,252Net income attributable to bank
$0Net charge-offs
-$18,252Cash dividends
$13,406Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.01%Yield on earning assets
3.10%Cost of funding earning assets
1.90%Net interest margin
-4.16%Noninterest income to earning assets
5.88%Noninterest expense to earning assets
-13.40%Net operating income to assets
-13.40%Return on assets (ROA)
-13.40%Pretax return on assets
-116.83%Return on equity (ROE)
-116.83%Retained earnings to average equity (YTD only)
13.11%Net charge-offs to loans
67.23%Credit loss provision to net charge-offs
-0.69%Efficiency ratio
-260,758Assets per employee
5.10%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
5.46%Loss allowance to noncurrent loans
41.46%Noncurrent assets plus other real estate owned to assets
28.36%Noncurrent loans to loans
13.16%Net loans and leases to deposits
67.24%Net loans and leases to core deposits
302.53%Equity capital to assets
5.55%Core capital (leverage) ratio
5.29%Tier 1 risk-based capital ratio
6.32%Total risk-based capital ratio
Memoranda
$8Average assets
$136,177Average earning assets
$15,622Average equity
$113,580Average loans
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