FDIC Certificate #: 57645 Status: Inactive Closing history: Corrections Acquiring institution:MidFirst Bank (#4063) Federal Reserve ID: 3223800 Date Established: November 25, 2003 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) FDIC's unique #: 419004 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: November 25, 2003 Last Structure Change Effective Date: August 14, 2009 Last Structure Change Process Date: August 17, 2009 Last Data Update: August 17, 2009 Data Source Date: April 05, 2012
Location
Address: 2700 N. Central Avenue, Suite 200, Phoenix, AZ 85004 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)
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $158.5 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2008)
Dollar figures in thousands
32Total employees (full-time equivalent)
$150,405Total assets
$2,010Cash and due from depository institutions
$27Interest-bearing balances
$2,986Securities
$46,050Federal funds sold & reverse repurchase agreements
$89,284Net loans & leases
$3,996Loan loss allowance
$0Trading account assets
$4,485Bank premises and fixed assets
$3,418Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,172All other assets
$150,405Total liabilities and capital
$130,232Total liabilities
$128,577Total deposits
$119,469Interest-bearing deposits
$128,577Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,000Other borrowed funds
$0Subordinated debt
$655All other liabilities
$20,173Total equity capital
$20,173Total bank equity capital
$20,173Perpetual preferred stock
$0Common stock
$0Surplus
$33,520Undivided profits
Memoranda
$-13,347Noncurrent loans and leases
$17,324Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$23,229Earning assets
$75Long-term assets (5+ years)
$304Average Assets, year-to-date
$138,347Average Assets, quarterly
$6,734Volatile liabilities
$124,573Insider loans
$147,499FHLB advances
$34,805Loans and leases held for sale
$1,040Unused loan commitments
$1,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$17,324Total unused commitments
$0Restructured Loans and leases
$1,464Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$6,551Total interest income
$2,942Total interest expense
$3,609Net interest income
$3,089Provision for loan and lease losses
$149Total noninterest income
$0Fiduciary activities
$107Service charges on deposit accounts
$0Trading account gains & fees
$42Additional noninterest income
$15,255Total noninterest expense
$2,181Salaries and employee benefits
$627Premises and equipment expense
$12,447Additional noninterest expense
-$14,586Pre-tax net operating income
$0Securities gains (losses)
-$1,166Applicable income taxes
-$13,420Income before extraordinary items
$0Extraordinary gains - net
-$13,420Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$198Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.04%Yield on earning assets
2.71%Cost of funding earning assets
3.33%Net interest margin
0.14%Noninterest income to earning assets
14.06%Noninterest expense to earning assets
-10.77%Net operating income to assets
-10.77%Return on assets (ROA)
-11.71%Pretax return on assets
-44.51%Return on equity (ROE)
-44.51%Retained earnings to average equity (YTD only)
0.21%Net charge-offs to loans
1560.10%Credit loss provision to net charge-offs
-58.07%Efficiency ratio
133,395Assets per employee
4.70%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
4.28%Loss allowance to noncurrent loans
17.20%Noncurrent assets plus other real estate owned to assets
17.72%Noncurrent loans to loans
24.90%Net loans and leases to deposits
69.44%Net loans and leases to core deposits
94.21%Equity capital to assets
13.41%Core capital (leverage) ratio
14.24%Tier 1 risk-based capital ratio
17.57%Total risk-based capital ratio
Memoranda
$19Average assets
$124,573Average earning assets
$30,152Average equity
$108,487Average loans
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