Commerce Bank of Arizona in Tucson, Arizona (AZ)



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Commerce Bank of Arizona routing number info

Table of contents:
Commerce Bank of Arizona
GeneralFDIC 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
LocationAddress: 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 ChangesParticipated in FDIC Assisted Absorption/Consolidation/Merger
Financial SummaryTotal 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)
Total employees (full-time equivalent)65
Total assets$267,329
Cash and due from depository institutions$47,463
Interest-bearing balances$39,935
Securities$20,220
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$177,034
Loan loss allowance $2,571
Trading account assets$0
Bank premises and fixed assets$2,139
Other real estate owned$7,493
Goodwill and other intangibles$0
All other assets$12,980
Life insurance assets$267,329
Total liabilities and capital$244,307
Total liabilities$237,180
Total deposits$203,340
Interest-bearing deposits$237,180
Deposits held in domestic offices$91
% insured (estimated)3049.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $4,078
All other liabilities $23,022
Total equity capital$23,022
Total bank equity capital$23,022
Perpetual preferred stock$0
Common stock$15,119
Surplus$329
Undivided profits $7,574
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 $7,203
Earning assets $0
Long-term assets (5+ years) $680
Average Assets, year-to-date $237,189
Average Assets, quarterly $59,900
Volatile liabilities $270,387
Insider loans $270,805
FHLB advances $166,683
Loans and leases held for sale $271,469
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $22,947
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $15,188
Derivatives$8,483
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $12,414
Total interest expense $2,570
Net interest income $9,844
Provision for loan and lease losses $3,411
Total noninterest income $711
Fiduciary activities $0
Service charges on deposit accounts $420
Trading account gains & fees $0
Additional noninterest income $291
Total noninterest expense $9,812
Salaries and employee benefits $4,677
Premises and equipment expense $2,098
Additional noninterest expense $3,037
Pre-tax net operating income -$2,668
Securities gains (losses) -$1
Applicable income taxes -$1,042
Income before extraordinary items -$1,627
Extraordinary gains - net $0
Net income attributable to bank -$1,627
Net charge-offs $0
Cash dividends -$1,627
Sale, conversion, retirement of capital stock, net $4,167
Net operating income $228
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.17%
Cost of funding earning assets 1.07%
Net interest margin 4.10%
Noninterest income to earning assets 0.30%
Noninterest expense to earning assets 4.09%
Net operating income to assets -0.60%
Return on assets (ROA) -0.60%
Pretax return on assets -0.99%
Return on equity (ROE) -6.72%
Retained earnings to average equity (YTD only) -7.66%
Net charge-offs to loans 2.15%
Credit loss provision to net charge-offs 81.86%
Efficiency ratio0.18%
Assets per employee$92,961
Cash dividends to net income (YTD only)4.11%
Condition Ratios (%)
Loss allowance to loans -14.01%
Loss allowance to noncurrent loans 1.43%
Noncurrent assets plus other real estate owned to assets 35.69%
Noncurrent loans to loans 5.50%
Net loans and leases to deposits4.01%
Net loans and leases to core deposits 74.64%
Equity capital to assets 77.56%
Core capital (leverage) ratio 8.61%
Tier 1 risk-based capital ratio 8.45%
Total risk-based capital ratio 13.77%
Memoranda
Average assets$15
Average earning assets$270,387
Average equity $24,217
Average loans $239,951
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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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