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)
  • Show street view No street view available for this location

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

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Copper Star Bank.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents