Commerce Bank of Arizona in Tucson, Arizona (AZ)
Overview, Financial Summary, Detailed Financial Reports, Branches


Commerce Bank of Arizona - Overview

  • General
  • FDIC Certificate #: 57279
    Status: Active
    Federal Reserve ID: 3131400
    Bank Holding Company (Regulatory Top Holder): Cboa Financial, Inc. (RSSDID: 3254363, Location: Tucson, AZ)
    Date Established: August 05, 2002
    WWW: http://www.commercebankaz.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Domestic: 7, Interstate: No)
    FDIC's unique #: 360592
    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 05, 2002
    Last Structure Change Effective Date: May 07, 2010
    Last Structure Change Process Date: May 11, 2010
    Last Data Update: May 11, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 3805 East Broadway Boulevard, Tucson, AZ 85716
    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
  • Participated in FDIC Assisted Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $267.3 mil
    Equity capital: $23.0 mil
    Deposits held in domestic offices: $237.2 mil
    Return on assets (ROA): -0.60% (-$1.6 mil)
    Quarterly return on assets: -1.94% (-$5.2 mil)
    Return on Equity (ROE): -6.72% (-$1.5 mil)
    Quarterly return on equity: -22.18% (-$5.1 mil)
    Net income: -$1.6 mil
    Quarterly Net income: -$1.3 mil
    Pretax return on assets: -0.99% (-$2,646.6 mil)
    Quarterly Pretax return on assets: -3.17% (-$8,474.3 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, 2011)

  • Dollar figures in thousands
  • 65Total employees (full-time equivalent)
  • $267,329Total assets
  • $47,463Cash and due from depository institutions
  • $39,935Interest-bearing balances
  • $20,220Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $177,034Net loans & leases
  • $2,571Loan loss allowance
  • $0Trading account assets
  • $2,139Bank premises and fixed assets
  • $7,493Other real estate owned
  • $0Goodwill and other intangibles
  • $267,329Life insurance assets
  • $12,980All other assets
  • $244,307Total liabilities and capital
  • $237,180Total liabilities
  • $203,340Total deposits
  • $237,180Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 3049.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $4,078Subordinated debt
  • $23,022All other liabilities
  • $23,022Total equity capital
  • $23,022Total bank equity capital
  • $0Perpetual preferred stock
  • $15,119Common stock
  • $329Surplus
  • $7,574Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,203Income earned, not collected on loans
  • $0Earning assets
  • $680Long-term assets (5+ years)
  • $237,189Average Assets, year-to-date
  • $59,900Average Assets, quarterly
  • $270,387Volatile liabilities
  • $270,805Insider loans
  • $166,683FHLB advances
  • $271,469Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $22,947Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $15,188Restructured Loans and leases
  • $8,483Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,414Total interest income
  • $2,570Total interest expense
  • $9,844Net interest income
  • $3,411Provision for loan and lease losses
  • $711Total noninterest income
  • $0Fiduciary activities
  • $420Service charges on deposit accounts
  • $0Trading account gains & fees
  • $291Additional noninterest income
  • $9,812Total noninterest expense
  • $4,677Salaries and employee benefits
  • $2,098Premises and equipment expense
  • $3,037Additional noninterest expense
  • -$2,668Pre-tax net operating income
  • -$1Securities gains (losses)
  • -$1,042Applicable income taxes
  • -$1,627Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,627Net income attributable to bank
  • $0Net charge-offs
  • -$1,627Cash dividends
  • $4,167Sale, conversion, retirement of capital stock, net
  • $228Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.17%Yield on earning assets
  • 1.07%Cost of funding earning assets
  • 4.10%Net interest margin
  • 0.30%Noninterest income to earning assets
  • 4.09%Noninterest expense to earning assets
  • -0.60%Net operating income to assets
  • -0.60%Return on assets (ROA)
  • -0.99%Pretax return on assets
  • -6.72%Return on equity (ROE)
  • -7.66%Retained earnings to average equity (YTD only)
  • 2.15%Net charge-offs to loans
  • 81.86%Credit loss provision to net charge-offs
  • 0.18%Efficiency ratio
  • 92,961Assets per employee
  • 4.11%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -14.01%Loss allowance to loans
  • 1.43%Loss allowance to noncurrent loans
  • 35.69%Noncurrent assets plus other real estate owned to assets
  • 5.50%Noncurrent loans to loans
  • 4.01%Net loans and leases to deposits
  • 74.64%Net loans and leases to core deposits
  • 77.56%Equity capital to assets
  • 8.61%Core capital (leverage) ratio
  • 8.45%Tier 1 risk-based capital ratio
  • 13.77%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $270,387Average earning assets
  • $24,217Average equity
  • $239,951Average loans

List of branches

  • 7 Arizona Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0360592Commerce Bank Of Arizona3805 East Broadway Boulevard, Tucson, AZ 85716August 05, 2002Full Service Brick and Mortar
    1431781Northwest Tucson Branch2285 W. Ina Road, Tucson, AZ 85741May 12, 2003Full Service Brick and Mortar
    2457913Green Valley Branch222 West Esperanza, Green Valley, AZ 85614January 15, 2007Full Service Brick and Mortar
    3460552Campbell Branch3002 North Campbell Avenue, Tucson, AZ 85719March 05, 2007Full Service Brick and Mortar
    4491921Tubac Branch2221 E Frontage Rd Bldg G Suite 101, Tubac, AZ 85646July 07, 2008Full Service Brick and Mortar
    5420152Towne Bank Branch3156 East Baseline Road, Mesa, AZ 85204April 01, 2004Full Service Brick and Mortar
    6521314Scottsdale Branch4110 North Scottsdale Road Suite 120, Scottsdale, AZ 85251March 31, 2011Full Service Brick and Mortar

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