FDIC Certificate #: 24445 Status: Inactive Closing history: Absorption - Without Assistance Acquiring institution:First Fidelity Bank, National Association (#23473) Federal Reserve ID: 999663 Date Established: April 25, 1983 WWW:http://www.westernsecurity.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) FDIC's unique #: 16991 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 25, 1983 Last Structure Change Effective Date: June 23, 2007 Last Structure Change Process Date: June 27, 2007 Last Data Update: June 27, 2007 Data Source Date: April 05, 2012
Location
Address: 7401 East Camelback, Scottsdale, AZ 85251 County: Maricopa Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: Dallas 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: $210.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
48Total employees (full-time equivalent)
$183,126Total assets
$7,223Cash and due from depository institutions
$343Interest-bearing balances
$199Securities
$31,670Federal funds sold & reverse repurchase agreements
$133,754Net loans & leases
$1,581Loan loss allowance
$0Trading account assets
$8,532Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,748All other assets
$183,126Total liabilities and capital
$164,317Total liabilities
$160,461Total deposits
$114,796Interest-bearing deposits
$160,461Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$3,000Other borrowed funds
$0Subordinated debt
$856All other liabilities
$18,809Total equity capital
$18,809Total bank equity capital
$18,809Perpetual preferred stock
$0Common stock
$4,420Surplus
$9,351Undivided profits
Memoranda
$5,038Noncurrent loans and leases
$29,989Noncurrent 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)
$644Average Assets, year-to-date
$165,966Average Assets, quarterly
$33,586Volatile liabilities
$202,308Insider loans
$189,471FHLB advances
$26,399Loans and leases held for sale
$3,557Unused loan commitments
$3,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$29,989Total unused commitments
$0Restructured Loans and leases
$1,581Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$14,647Total interest income
$4,850Total interest expense
$9,797Net interest income
$440Provision for loan and lease losses
$545Total noninterest income
$0Fiduciary activities
$307Service charges on deposit accounts
$0Trading account gains & fees
$238Additional noninterest income
$6,760Total noninterest expense
$4,073Salaries and employee benefits
$898Premises and equipment expense
$1,789Additional noninterest expense
$3,142Pre-tax net operating income
-$139Securities gains (losses)
$0Applicable income taxes
$3,003Income before extraordinary items
$0Extraordinary gains - net
$3,003Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$344Sale, conversion, retirement of capital stock, net
$1,746Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.99%Yield on earning assets
2.65%Cost of funding earning assets
5.35%Net interest margin
0.30%Noninterest income to earning assets
3.69%Noninterest expense to earning assets
1.55%Net operating income to assets
1.48%Return on assets (ROA)
1.48%Pretax return on assets
16.82%Return on equity (ROE)
7.04%Retained earnings to average equity (YTD only)
0.24%Net charge-offs to loans
127.91%Credit loss provision to net charge-offs
10.41%Efficiency ratio
65,365Assets per employee
3.82%Cash dividends to net income (YTD only)
Condition Ratios (%)
58.14%Loss allowance to loans
1.17%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
83.36%Net loans and leases to core deposits
97.59%Equity capital to assets
10.27%Core capital (leverage) ratio
9.83%Tier 1 risk-based capital ratio
12.17%Total risk-based capital ratio
Memoranda
$13Average assets
$202,308Average earning assets
$17,851Average equity
$183,266Average loans
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