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- Banks in Arizona (AZ)
- Copper Star Bank
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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- Banks in Arizona (AZ)
- Copper Star Bank
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