Copper Star Bank in Scottsdale, Arizona (AZ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 12, 2010

  • Copper Star Bank in Scottsdale, Arizona (AZ)
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Copper Star Bank - Overview

  • General
  • FDIC Certificate #: 35463
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: Stearns Bank National Association (#10988)
    Federal Reserve ID: 2866255
    Date Established: May 22, 2000
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    FDIC's unique #: 80244
    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: May 22, 2000
    Last Structure Change Effective Date: November 12, 2010
    Last Structure Change Process Date: November 15, 2010
    Last Data Update: November 15, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 7555 East Redfield Road, Scottsdale, AZ 85260
    County: Maricopa
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: Kansas City
    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 Summary
  • Total assets: $204.0 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, 2009)

  • Dollar figures in thousands
  • 48Total employees (full-time equivalent)
  • $245,593Total assets
  • $15,224Cash and due from depository institutions
  • $13,398Interest-bearing balances
  • $32,357Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $174,820Net loans & leases
  • $5,087Loan loss allowance
  • $0Trading account assets
  • $10,150Bank premises and fixed assets
  • $8,725Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $4,317All other assets
  • $245,593Total liabilities and capital
  • $230,818Total liabilities
  • $208,232Total deposits
  • $195,764Interest-bearing deposits
  • $208,232Deposits held in domestic offices
  • 73.20%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $21,500Other borrowed funds
  • $0Subordinated debt
  • $1,086All other liabilities
  • $14,775Total equity capital
  • $14,775Total bank equity capital
  • $14,775Perpetual preferred stock
  • $0Common stock
  • $500Surplus
  • $21,276Undivided profits
  • Memoranda
  • $-7,001Noncurrent loans and leases
  • $6,346Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $32,041Earning assets
  • $0Long-term assets (5+ years)
  • $692Average Assets, year-to-date
  • $220,575Average Assets, quarterly
  • $27,282Volatile liabilities
  • $260,059Insider loans
  • $246,561FHLB advances
  • $100,413Loans and leases held for sale
  • $171Unused loan commitments
  • $21,500Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $6,346Total unused commitments
  • $5,148Restructured Loans and leases
  • $2,434Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $12,053Total interest income
  • $6,644Total interest expense
  • $5,409Net interest income
  • $4,753Provision for loan and lease losses
  • $199Total noninterest income
  • $0Fiduciary activities
  • $92Service charges on deposit accounts
  • $0Trading account gains & fees
  • $107Additional noninterest income
  • $7,534Total noninterest expense
  • $4,110Salaries and employee benefits
  • $1,014Premises and equipment expense
  • $2,410Additional noninterest expense
  • -$6,679Pre-tax net operating income
  • $682Securities gains (losses)
  • $306Applicable income taxes
  • -$6,303Income before extraordinary items
  • $0Extraordinary gains - net
  • -$6,303Net income attributable to bank
  • $0Net charge-offs
  • -$6,303Cash dividends
  • $6,743Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.07%Yield on earning assets
  • 2.79%Cost of funding earning assets
  • 2.27%Net interest margin
  • 0.08%Noninterest income to earning assets
  • 3.17%Noninterest expense to earning assets
  • -2.69%Net operating income to assets
  • -2.42%Return on assets (ROA)
  • -2.31%Pretax return on assets
  • -33.32%Return on equity (ROE)
  • -33.32%Retained earnings to average equity (YTD only)
  • 3.42%Net charge-offs to loans
  • 70.49%Credit loss provision to net charge-offs
  • -0.29%Efficiency ratio
  • 134,344Assets per employee
  • 5.12%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.83%Loss allowance to noncurrent loans
  • 15.88%Noncurrent assets plus other real estate owned to assets
  • 16.60%Noncurrent loans to loans
  • 17.81%Net loans and leases to deposits
  • 83.95%Net loans and leases to core deposits
  • 141.76%Equity capital to assets
  • 6.02%Core capital (leverage) ratio
  • 6.16%Tier 1 risk-based capital ratio
  • 7.92%Total risk-based capital ratio
  • Memoranda
  • $9Average assets
  • $260,059Average earning assets
  • $18,919Average equity
  • $237,796Average loans

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