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

This bank is inactive as of January 01, 1997

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

  • General
  • FDIC Certificate #: 32971
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Bank of America, National Association (#3510)
    Federal Reserve ID: 1453685
    Date Established: May 31, 1990
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 151 (Interstate: No)
    FDIC's unique #: 46149
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: May 31, 1990
    Last Structure Change Effective Date: January 01, 1997
    Last Structure Change Process Date: January 10, 1997
    Last Data Update: January 10, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 101 North 1st Avenue, Phoenix, AZ 85003
    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: $8,905.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $2,995Total assets
  • $8,905,690Cash and due from depository institutions
  • $715,149Interest-bearing balances
  • $100Securities
  • $1,251,045Federal funds sold & reverse repurchase agreements
  • $79,500Net loans & leases
  • $6,354,112Loan loss allowance
  • $51,755Trading account assets
  • $0Bank premises and fixed assets
  • $135,595Other real estate owned
  • $0Goodwill and other intangibles
  • $145,809Life insurance assets
  • $224,480All other assets
  • $0Total liabilities and capital
  • $8,905,690Total liabilities
  • $8,200,694Total deposits
  • $7,875,095Interest-bearing deposits
  • $6,162,943Deposits held in domestic offices
  • 7875095.00%% insured (estimated)
  • $82Federal funds purchased & repurchase agreements
  • $157,938Trading liabilities
  • $0Other borrowed funds
  • $1,344Subordinated debt
  • $0All other liabilities
  • $166,317Total equity capital
  • $166,317Total bank equity capital
  • $704,996Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $652,959Undivided profits
  • Memoranda
  • $52,036Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $10,720Income earned, not collected on loans
  • $81,378Earning assets
  • $7,684,757Long-term assets (5+ years)
  • $2,381,790Average Assets, year-to-date
  • $8,847,459Average Assets, quarterly
  • $8,885,098Volatile liabilities
  • $479,758Insider loans
  • $44,424FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $1,731,671Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $517,775Total risk weighted assets
  • $5,257,836Total unused commitments
  • $0Restructured Loans and leases
  • $2,015,000Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $561,229Total interest expense
  • $235,684Net interest income
  • $325,545Provision for loan and lease losses
  • $3,000Total noninterest income
  • $139,703Fiduciary activities
  • $9,184Service charges on deposit accounts
  • $78,831Trading account gains & fees
  • $0Additional noninterest income
  • $51,688Total noninterest expense
  • $329,417Salaries and employee benefits
  • $116,050Premises and equipment expense
  • $36,901Additional noninterest expense
  • $176,466Pre-tax net operating income
  • $132,831Securities gains (losses)
  • $0Applicable income taxes
  • $57,069Income before extraordinary items
  • $75,762Extraordinary gains - net
  • $0Net income attributable to bank
  • $75,762Net charge-offs
  • $7,440Cash dividends
  • $50,000Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.30%Cost of funding earning assets
  • 3.07%Net interest margin
  • 4.24%Noninterest income to earning assets
  • 1.82%Noninterest expense to earning assets
  • 4.29%Net operating income to assets
  • 0.86%Return on assets (ROA)
  • 0.86%Pretax return on assets
  • 1.50%Return on equity (ROE)
  • 8.56%Retained earnings to average equity (YTD only)
  • 2.91%Net charge-offs to loans
  • 0.12%Credit loss provision to net charge-offs
  • 40.32%Efficiency ratio
  • 62,115Assets per employee
  • 2.97%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 66.00%Loss allowance to loans
  • 0.81%Loss allowance to noncurrent loans
  • 482.79%Noncurrent assets plus other real estate owned to assets
  • 0.12%Noncurrent loans to loans
  • 0.17%Net loans and leases to deposits
  • 80.69%Net loans and leases to core deposits
  • 84.11%Equity capital to assets
  • 7.92%Core capital (leverage) ratio
  • 5.88%Tier 1 risk-based capital ratio
  • 9.85%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $8,847,459Average earning assets
  • $885,299Average equity
  • $7,685,631Average loans

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