Arrowhead Community Bank in Glendale, Arizona (AZ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 14, 2009

  • Arrowhead Community Bank in Glendale, Arizona (AZ)
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Arrowhead Community Bank - Overview

  • General
  • FDIC Certificate #: 35578
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: SUNRISE BANK OF ARIZONA (#34707)
    Federal Reserve ID: 2915797
    Date Established: September 21, 2000
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 82007
    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: September 21, 2000
    Last Structure Change Effective Date: December 14, 2009
    Last Structure Change Process Date: January 07, 2010
    Last Data Update: January 07, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 17235 North 75th Avenue, Suite 100, Glendale, AZ 85308
    County: Maricopa
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: Chicago
    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: $77.2 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, 2008)

  • Dollar figures in thousands
  • 22Total employees (full-time equivalent)
  • $80,783Total assets
  • $8,045Cash and due from depository institutions
  • $5,782Interest-bearing balances
  • $479Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $67,112Net loans & leases
  • $2,375Loan loss allowance
  • $0Trading account assets
  • $260Bank premises and fixed assets
  • $1,211Other real estate owned
  • $644Goodwill and other intangibles
  • $0Life insurance assets
  • $3,032All other assets
  • $80,783Total liabilities and capital
  • $74,016Total liabilities
  • $67,880Total deposits
  • $58,012Interest-bearing deposits
  • $67,880Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $6,000Other borrowed funds
  • $0Subordinated debt
  • $136All other liabilities
  • $6,767Total equity capital
  • $6,767Total bank equity capital
  • $6,767Perpetual preferred stock
  • $0Common stock
  • $1,786Surplus
  • $5,817Undivided profits
  • Memoranda
  • $-836Noncurrent loans and leases
  • $6,397Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $7,669Earning assets
  • $0Long-term assets (5+ years)
  • $305Average Assets, year-to-date
  • $73,373Average Assets, quarterly
  • $13,980Volatile liabilities
  • $87,297Insider loans
  • $82,722FHLB advances
  • $22,383Loans and leases held for sale
  • $1,547Unused loan commitments
  • $6,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $6,397Total unused commitments
  • $620Restructured Loans and leases
  • $929Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $5,435Total interest income
  • $1,779Total interest expense
  • $3,656Net interest income
  • $4,554Provision for loan and lease losses
  • $483Total noninterest income
  • $0Fiduciary activities
  • $108Service charges on deposit accounts
  • $0Trading account gains & fees
  • $375Additional noninterest income
  • $3,523Total noninterest expense
  • $1,915Salaries and employee benefits
  • $375Premises and equipment expense
  • $1,233Additional noninterest expense
  • -$3,938Pre-tax net operating income
  • $0Securities gains (losses)
  • -$1,510Applicable income taxes
  • -$2,428Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,428Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $2,997Sale, conversion, retirement of capital stock, net
  • $170Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.77%Yield on earning assets
  • 2.22%Cost of funding earning assets
  • 4.55%Net interest margin
  • 0.60%Noninterest income to earning assets
  • 4.39%Noninterest expense to earning assets
  • -2.78%Net operating income to assets
  • -2.78%Return on assets (ROA)
  • -4.51%Pretax return on assets
  • -31.29%Return on equity (ROE)
  • -33.48%Retained earnings to average equity (YTD only)
  • 3.81%Net charge-offs to loans
  • 151.95%Credit loss provision to net charge-offs
  • 0.21%Efficiency ratio
  • 85,117Assets per employee
  • 3.67%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -7.00%Loss allowance to loans
  • 3.42%Loss allowance to noncurrent loans
  • 30.97%Noncurrent assets plus other real estate owned to assets
  • 10.99%Noncurrent loans to loans
  • 11.04%Net loans and leases to deposits
  • 98.87%Net loans and leases to core deposits
  • 135.59%Equity capital to assets
  • 8.38%Core capital (leverage) ratio
  • 7.58%Tier 1 risk-based capital ratio
  • 8.52%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $87,297Average earning assets
  • $7,759Average equity
  • $80,296Average loans

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