Asian Bank of Arizona in Phoenix, Arizona (AZ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 14, 2009

  • Asian Bank of Arizona in Phoenix, Arizona (AZ)
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Asian Bank of Arizona - Overview

  • General
  • FDIC Certificate #: 58253
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: SUNRISE BANK OF ARIZONA (#34707)
    Federal Reserve ID: 3428221
    Date Established: April 27, 2006
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 444609
    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 27, 2006
    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: 668 North 44th Street, Suite 123, Phoenix, AZ 85008
    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: $40.2 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
  • 11Total employees (full-time equivalent)
  • $38,127Total assets
  • $2,865Cash and due from depository institutions
  • $2,065Interest-bearing balances
  • $0Securities
  • $1,000Federal funds sold & reverse repurchase agreements
  • $32,329Net loans & leases
  • $694Loan loss allowance
  • $0Trading account assets
  • $509Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,424All other assets
  • $38,127Total liabilities and capital
  • $31,899Total liabilities
  • $31,811Total deposits
  • $29,673Interest-bearing deposits
  • $31,811Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $88All other liabilities
  • $6,228Total equity capital
  • $6,228Total bank equity capital
  • $6,228Perpetual preferred stock
  • $0Common stock
  • $4,129Surplus
  • $4,129Undivided profits
  • Memoranda
  • $-2,030Noncurrent loans and leases
  • $2,371Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,898Earning assets
  • $0Long-term assets (5+ years)
  • $95Average Assets, year-to-date
  • $35,394Average Assets, quarterly
  • $12,451Volatile liabilities
  • $32,297Insider loans
  • $37,602FHLB advances
  • $716Loans and leases held for sale
  • $869Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,371Total unused commitments
  • $0Restructured Loans and leases
  • $416Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $1,959Total interest income
  • $967Total interest expense
  • $992Net interest income
  • $892Provision for loan and lease losses
  • $30Total noninterest income
  • $0Fiduciary activities
  • $20Service charges on deposit accounts
  • $0Trading account gains & fees
  • $10Additional noninterest income
  • $1,682Total noninterest expense
  • $848Salaries and employee benefits
  • $251Premises and equipment expense
  • $583Additional noninterest expense
  • -$1,552Pre-tax net operating income
  • $0Securities gains (losses)
  • -$596Applicable income taxes
  • -$956Income before extraordinary items
  • $0Extraordinary gains - net
  • -$956Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $603Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.57%Yield on earning assets
  • 3.24%Cost of funding earning assets
  • 3.33%Net interest margin
  • 0.10%Noninterest income to earning assets
  • 5.64%Noninterest expense to earning assets
  • -2.96%Net operating income to assets
  • -2.96%Return on assets (ROA)
  • -4.81%Pretax return on assets
  • -14.28%Return on equity (ROE)
  • -14.28%Retained earnings to average equity (YTD only)
  • 2.14%Net charge-offs to loans
  • 147.93%Credit loss provision to net charge-offs
  • -1.09%Efficiency ratio
  • 164,579Assets per employee
  • 3.47%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.10%Loss allowance to noncurrent loans
  • 36.56%Noncurrent assets plus other real estate owned to assets
  • 4.98%Noncurrent loans to loans
  • 5.75%Net loans and leases to deposits
  • 101.63%Net loans and leases to core deposits
  • 103.97%Equity capital to assets
  • 16.33%Core capital (leverage) ratio
  • 13.27%Tier 1 risk-based capital ratio
  • 15.06%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $32,297Average earning assets
  • $6,694Average equity
  • $29,810Average loans

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