FDIC Certificate #: 34551 Status: Inactive Federal Reserve ID: 2721877 Date Established: August 10, 1998 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Interstate: No) FDIC's unique #: 59058 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: August 10, 1998 Last Structure Change Effective Date: December 31, 2011 Last Structure Change Process Date: January 10, 2012 Last Data Update: January 10, 2012 Data Source Date: April 05, 2012
Location
Address: 2120 West Ina Road, Suite 103e, Tucson, AZ 85741 County: Pima Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: Dallas 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 Changes
Other Liquidations and Closings
Change in Insurance Status
Financial Summary
Total assets: $0.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2010)
Dollar figures in thousands
2Total employees (full-time equivalent)
$1,391Total assets
$42Cash and due from depository institutions
$0Interest-bearing balances
$0Securities
$0Federal funds sold & reverse repurchase agreements
$1,062Net loans & leases
$77Loan loss allowance
$0Trading account assets
$72Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$215All other assets
$1,391Total liabilities and capital
$1,336Total liabilities
$1,327Total deposits
$1,281Interest-bearing deposits
$1,327Deposits held in domestic offices
100.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$9All other liabilities
$55Total equity capital
$55Total bank equity capital
$55Perpetual preferred stock
$0Common stock
$395Surplus
$3,971Undivided profits
Memoranda
$-4,311Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$77Earning assets
$0Long-term assets (5+ years)
$0Average Assets, year-to-date
$1,062Average Assets, quarterly
$0Volatile liabilities
$3,709Insider loans
$1,667FHLB advances
$100Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$18Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$466Total interest income
$190Total interest expense
$276Net interest income
$10Provision for loan and lease losses
$26Total noninterest income
$0Fiduciary activities
$1Service charges on deposit accounts
$0Trading account gains & fees
$25Additional noninterest income
$829Total noninterest expense
$255Salaries and employee benefits
$272Premises and equipment expense
$302Additional noninterest expense
-$537Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$537Income before extraordinary items
$0Extraordinary gains - net
-$537Net income attributable to bank
$0Net charge-offs
-$537Cash dividends
$437Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
21.21%Yield on earning assets
8.65%Cost of funding earning assets
12.56%Net interest margin
1.18%Noninterest income to earning assets
37.73%Noninterest expense to earning assets
-14.48%Net operating income to assets
-14.48%Return on assets (ROA)
-14.48%Pretax return on assets
794.38%Return on equity (ROE)
794.38%Retained earnings to average equity (YTD only)
20.41%Net charge-offs to loans
2.29%Credit loss provision to net charge-offs
-1.21%Efficiency ratio
274,503Assets per employee
0.70%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
6.76%Loss allowance to noncurrent loans
100.00%Noncurrent assets plus other real estate owned to assets
5.54%Noncurrent loans to loans
6.76%Net loans and leases to deposits
80.03%Net loans and leases to core deposits
86.55%Equity capital to assets
3.95%Core capital (leverage) ratio
2.79%Tier 1 risk-based capital ratio
4.10%Total risk-based capital ratio
Memoranda
$5Average assets
$3,709Average earning assets
-$68Average equity
$2,197Average loans
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