FDIC Certificate #: 32218 Status: Inactive Closing history: Corrections Acquiring institution:U.S. Bank National Association (#6548) Federal Reserve ID: 440875 Date Established: May 31, 1984 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 2 (Interstate: No) OTS Docket #: 8013 FDIC's unique #: 45052 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: May 31, 1984 Last Structure Change Effective Date: October 30, 2009 Last Structure Change Process Date: November 03, 2009 Last Data Update: November 03, 2009 Data Source Date: April 05, 2012
Location
Address: 2222 E. Camelback Road, Phoenix, AZ 85016 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)
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $213.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2008)
Dollar figures in thousands
28Total employees (full-time equivalent)
$187,640Total assets
$3,137Cash and due from depository institutions
$54Interest-bearing balances
$5,055Securities
$0Federal funds sold & reverse repurchase agreements
$152,399Net loans & leases
$2,462Loan loss allowance
$0Trading account assets
$9,292Bank premises and fixed assets
$593Other real estate owned
$4,170Goodwill and other intangibles
$0Life insurance assets
$12,994All other assets
$187,640Total liabilities and capital
$169,569Total liabilities
$122,526Total deposits
$117,037Interest-bearing deposits
$122,526Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$46,000Other borrowed funds
$0Subordinated debt
$1,043All other liabilities
$18,071Total equity capital
$18,071Total bank equity capital
$18,071Perpetual preferred stock
$0Common stock
$4,846Surplus
$16,580Undivided profits
Memoranda
$-3,355Noncurrent loans and leases
$25,236Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$4,680Earning assets
$0Long-term assets (5+ years)
$878Average Assets, year-to-date
$157,508Average Assets, quarterly
$51,836Volatile liabilities
$188,930Insider loans
$189,959FHLB advances
$115,915Loans and leases held for sale
$0Unused loan commitments
$46,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$25,236Total unused commitments
$0Restructured Loans and leases
$2,037Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$12,496Total interest income
$5,499Total interest expense
$6,997Net interest income
$1,140Provision for loan and lease losses
$451Total noninterest income
$0Fiduciary activities
$22Service charges on deposit accounts
$360Trading account gains & fees
$69Additional noninterest income
$5,136Total noninterest expense
$2,750Salaries and employee benefits
$1,305Premises and equipment expense
$1,081Additional noninterest expense
$1,172Pre-tax net operating income
-$12,579Securities gains (losses)
-$4,560Applicable income taxes
-$6,847Income before extraordinary items
$0Extraordinary gains - net
-$6,847Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$287Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.64%Yield on earning assets
3.36%Cost of funding earning assets
4.28%Net interest margin
0.28%Noninterest income to earning assets
3.14%Noninterest expense to earning assets
0.64%Net operating income to assets
-3.62%Return on assets (ROA)
-6.04%Pretax return on assets
-31.82%Return on equity (ROE)
-31.82%Retained earnings to average equity (YTD only)
0.19%Net charge-offs to loans
397.21%Credit loss provision to net charge-offs
8.06%Efficiency ratio
68,958Assets per employee
6.70%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.59%Loss allowance to noncurrent loans
52.61%Noncurrent assets plus other real estate owned to assets
3.19%Noncurrent loans to loans
3.02%Net loans and leases to deposits
124.38%Net loans and leases to core deposits
289.67%Equity capital to assets
9.63%Core capital (leverage) ratio
7.80%Tier 1 risk-based capital ratio
8.93%Total risk-based capital ratio
Memoranda
$10Average assets
$188,930Average earning assets
$21,519Average equity
$163,506Average loans
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