Bank of Arizona, National Association in Phoenix, Arizona (AZ)



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Bank of Arizona, National Association
GeneralFDIC Certificate #: 34002
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: BOKF, National Association (#4214)
Federal Reserve ID: 2292368
Date Established: April 10, 1995
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 4 (Interstate: No)
FDIC's unique #: 55580
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: April 10, 1995
Last Structure Change Effective Date: January 01, 2011
Last Structure Change Process Date: Febuary 17, 2011
Last Data Update: Febuary 17, 2011
Data Source Date: April 05, 2012
LocationAddress: 5050 North 44th Street, Phoenix, AZ 85018
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 SummaryTotal assets: $287.6 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, 2010)
(Dollar figures in thousands)
Total employees (full-time equivalent)92
Total assets$287,560
Cash and due from depository institutions$6,830
Interest-bearing balances$0
Securities$7,017
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$228,554
Loan loss allowance $9,022
Trading account assets$0
Bank premises and fixed assets$9,653
Other real estate owned$4,257
Goodwill and other intangibles$16,578
All other assets$14,671
Life insurance assets$3,501
Total liabilities and capital$287,560
Total liabilities$242,920
Total deposits$223,877
Interest-bearing deposits$201,089
Deposits held in domestic offices$223,877
% insured (estimated)79.70%
Federal funds purchased & repurchase agreements $17,690
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $1,353
Total equity capital$44,640
Total bank equity capital$44,640
Perpetual preferred stock$44,640
Common stock$0
Surplus$14,640
Undivided profits $54,426
Memoranda
Noncurrent loans and leases $-24,426
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $63,542
Income earned, not collected on loans $0
Earning assets $10,021
Long-term assets (5+ years) $99
Average Assets, year-to-date $848
Average Assets, quarterly $235,571
Volatile liabilities $75,618
Insider loans $290,316
FHLB advances $297,047
Loans and leases held for sale $65,108
Unused loan commitments $3,208
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $63,542
Restructured Loans and leases $0
Derivatives$3,321
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Income and Expense (December 31, 2010)
(Dollar figures in thousands)
Total interest income $13,237
Total interest expense $1,339
Net interest income $11,898
Provision for loan and lease losses $6,834
Total noninterest income $3,514
Fiduciary activities $417
Service charges on deposit accounts $963
Trading account gains & fees $0
Additional noninterest income $2,134
Total noninterest expense $15,259
Salaries and employee benefits $8,965
Premises and equipment expense $2,975
Additional noninterest expense $3,319
Pre-tax net operating income -$6,681
Securities gains (losses) $0
Applicable income taxes -$2,571
Income before extraordinary items -$4,110
Extraordinary gains - net $0
Net income attributable to bank -$4,110
Net charge-offs $0
Cash dividends -$4,110
Sale, conversion, retirement of capital stock, net $4,928
Net operating income $0
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Performance and Condition Ratios (December 31, 2010)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.57%
Cost of funding earning assets 0.56%
Net interest margin 5.01%
Noninterest income to earning assets 1.48%
Noninterest expense to earning assets 6.42%
Net operating income to assets -1.42%
Return on assets (ROA) -1.42%
Pretax return on assets -2.30%
Return on equity (ROE) -9.27%
Retained earnings to average equity (YTD only) -9.27%
Net charge-offs to loans 2.11%
Credit loss provision to net charge-offs 138.68%
Efficiency ratio0.03%
Assets per employee$97,359
Cash dividends to net income (YTD only)3.13%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 3.80%
Noncurrent assets plus other real estate owned to assets 90.03%
Noncurrent loans to loans 4.97%
Net loans and leases to deposits4.22%
Net loans and leases to core deposits 102.09%
Equity capital to assets 129.52%
Core capital (leverage) ratio 15.52%
Tier 1 risk-based capital ratio 10.16%
Total risk-based capital ratio 10.77%
Memoranda
Average assets$12
Average earning assets$290,316
Average equity $44,359
Average loans $237,721
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Total Fiduciary and Related Assets (December 31, 2010)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$51,919
Number of Accounts1
Personal trust and agency accounts$44,876
Employee benefit-defined contribution accounts$14,835
Employee benefit-defined benefit accounts$3,634
Other retirement accounts$0
Corporate trust and agency accounts$3,982
Investment management agency accounts$147
Other fiduciary accounts$22,278
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts82
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$3,982
Employee benefit-defined benefit accounts$4,062
Other retirement accounts$7,043
Corporate trust and agency accounts$344
Other fiduciary accounts$3,049
Fiduciary accounts held in foreign offices$1,122
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