Bank of Tucson in Tucson, Arizona (AZ)
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| Bank of Tucson | |
|---|---|
| General | FDIC Certificate #: 34708 Status: Active Federal Reserve ID: 2671105 Bank Holding Company (Regulatory Top Holder): Grandpoint Capital, Inc. (RSSDID: 3811832, Location: Los Angeles, CA) Date Established: August 17, 1998 WWW: http://www.bankoftucson.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Domestic: 2, Interstate: No) FDIC's unique #: 61312 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: August 17, 1998 Last Structure Change Effective Date: November 04, 2011 Last Structure Change Process Date: November 04, 2011 Last Data Update: November 04, 2011 Data Source Date: April 05, 2012 |
| Location | Address: 4400 E. Broadway, Tucson, AZ 85711 County: Pima 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): Tucson, AZ (#8520) Core Based Statistical Area (CBSA): Tucson, AZ (#46060) CBSA Metro Statistical Area: Tucson, AZ (#46060) |
| History of Changes | Change in Geographic Region/Area/Territory/Field Office |
| Financial Summary | Total assets: $302.8 mil Equity capital: $46.5 mil Deposits held in domestic offices: $253.6 mil Return on assets (ROA): 0.80% ($2.4 mil) Quarterly return on assets: 0.98% ($3.0 mil) Return on Equity (ROE): 5.48% ($2.6 mil) Quarterly return on equity: 6.50% ($3.1 mil) Net income: $2.1 mil Quarterly Net income: $0.7 mil Pretax return on assets: 1.30% ($3,936.8 mil) Quarterly Pretax return on assets: 1.60% ($4,845.2 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 63 |
| Total assets | $302,828 |
| Cash and due from depository institutions | $74,973 |
| Interest-bearing balances | $70,109 |
| Securities | $48,369 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $150,866 |
| Loan loss allowance | $1,100 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $2,514 |
| Other real estate owned | $84 |
| Goodwill and other intangibles | $15,923 |
| All other assets | $10,099 |
| Life insurance assets | $302,828 |
| Total liabilities and capital | $256,323 |
| Total liabilities | $253,581 |
| Total deposits | $169,866 |
| Interest-bearing deposits | $253,581 |
| Deposits held in domestic offices | $79 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $1,000 |
| Other borrowed funds | $0 |
| Subordinated debt | $1,742 |
| All other liabilities | $46,505 |
| Total equity capital | $46,505 |
| Total bank equity capital | $46,505 |
| Perpetual preferred stock | $0 |
| Common stock | $45,105 |
| Surplus | $0 |
| Undivided profits | $1,400 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $3,706 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $718 |
| Average Assets, year-to-date | $269,344 |
| Average Assets, quarterly | $33,267 |
| Volatile liabilities | $266,003 |
| Insider loans | $303,446 |
| FHLB advances | $175,875 |
| Loans and leases held for sale | $285,086 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $23,009 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $16,896 |
| Derivatives | $0 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $15,266 |
| Total interest expense | $857 |
| Net interest income | $14,409 |
| Provision for loan and lease losses | $1,246 |
| Total noninterest income | $474 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $373 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $101 |
| Total noninterest expense | $10,172 |
| Salaries and employee benefits | $4,534 |
| Premises and equipment expense | $1,369 |
| Additional noninterest expense | $4,269 |
| Pre-tax net operating income | $3,465 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $1,337 |
| Income before extraordinary items | $2,128 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $2,128 |
| Net charge-offs | $0 |
| Cash dividends | $2,128 |
| Sale, conversion, retirement of capital stock, net | $146 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 6.50% |
| Cost of funding earning assets | 0.36% |
| Net interest margin | 6.13% |
| Noninterest income to earning assets | 0.20% |
| Noninterest expense to earning assets | 4.33% |
| Net operating income to assets | 0.80% |
| Return on assets (ROA) | 0.80% |
| Pretax return on assets | 1.30% |
| Return on equity (ROE) | 5.48% |
| Retained earnings to average equity (YTD only) | 5.48% |
| Net charge-offs to loans | 0.10% |
| Credit loss provision to net charge-offs | 853.42% |
| Efficiency ratio | 32.27% |
| Assets per employee | $66,472 |
| Cash dividends to net income (YTD only) | 4.81% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 0.72% |
| Noncurrent assets plus other real estate owned to assets | 29.68% |
| Noncurrent loans to loans | 1.25% |
| Net loans and leases to deposits | 2.44% |
| Net loans and leases to core deposits | 59.49% |
| Equity capital to assets | 62.25% |
| Core capital (leverage) ratio | 15.36% |
| Tier 1 risk-based capital ratio | 8.07% |
| Total risk-based capital ratio | 13.08% |
| Memoranda | |
| Average assets | $14 |
| Average earning assets | $266,003 |
| Average equity | $38,848 |
| Average loans | $234,970 |
| 2 Arizona Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 61312 | Bank Of Tucson | 4400 E. Broadway, Tucson, AZ 85711 | August 17, 1998 | Full Service Brick and Mortar |  |
| 1 | 56847 | Bank Of Tucson Branch | 6400 North Oracle Road, Tucson, AZ 85704 | June 27, 1996 | Full Service Brick and Mortar |  |
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BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.