Desert Hills Bank in Phoenix, Arizona (AZ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 26, 2010

  • Desert Hills Bank in Phoenix, Arizona (AZ)
  • Show street view No street view available for this location

Desert Hills Bank - Overview

  • General
  • FDIC Certificate #: 57060
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: New York Community Bank (#16022)
    Federal Reserve ID: 2960434
    Date Established: November 17, 2000
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Interstate: No)
    FDIC's unique #: 356562
    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 17, 2000
    Last Structure Change Effective Date: March 26, 2010
    Last Structure Change Process Date: March 29, 2010
    Last Data Update: March 29, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 3001 East Camelback Road, Phoenix, AZ 85016
    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
  • Financial Summary
  • Total assets: $496.6 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
  • 107Total employees (full-time equivalent)
  • $496,552Total assets
  • $62,372Cash and due from depository institutions
  • $58,213Interest-bearing balances
  • $6,609Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $333,817Net loans & leases
  • $9,193Loan loss allowance
  • $0Trading account assets
  • $4,537Bank premises and fixed assets
  • $74,362Other real estate owned
  • $0Goodwill and other intangibles
  • $5,331Life insurance assets
  • $14,855All other assets
  • $496,552Total liabilities and capital
  • $473,857Total liabilities
  • $426,473Total deposits
  • $404,956Interest-bearing deposits
  • $426,473Deposits held in domestic offices
  • 93.50%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $45,521Other borrowed funds
  • $0Subordinated debt
  • $1,863All other liabilities
  • $22,695Total equity capital
  • $22,695Total bank equity capital
  • $22,695Perpetual preferred stock
  • $0Common stock
  • $9Surplus
  • $47,636Undivided profits
  • Memoranda
  • $-24,950Noncurrent loans and leases
  • $34,548Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $14,562Earning assets
  • $0Long-term assets (5+ years)
  • $2,065Average Assets, year-to-date
  • $398,639Average Assets, quarterly
  • $31,576Volatile liabilities
  • $507,694Insider loans
  • $509,793FHLB advances
  • $161,899Loans and leases held for sale
  • $5,514Unused loan commitments
  • $44,500Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,801Total risk weighted assets
  • $34,548Total unused commitments
  • $44,623Restructured Loans and leases
  • $4,942Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $22,183Total interest income
  • $12,294Total interest expense
  • $9,889Net interest income
  • $6,585Provision for loan and lease losses
  • $4,034Total noninterest income
  • $0Fiduciary activities
  • $183Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,851Additional noninterest income
  • $17,366Total noninterest expense
  • $7,723Salaries and employee benefits
  • $2,191Premises and equipment expense
  • $7,452Additional noninterest expense
  • -$10,028Pre-tax net operating income
  • $107Securities gains (losses)
  • -$1,125Applicable income taxes
  • -$8,796Income before extraordinary items
  • $0Extraordinary gains - net
  • -$8,796Net income attributable to bank
  • $0Net charge-offs
  • -$8,796Cash dividends
  • $16,006Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.16%Yield on earning assets
  • 2.86%Cost of funding earning assets
  • 2.30%Net interest margin
  • 0.94%Noninterest income to earning assets
  • 4.04%Noninterest expense to earning assets
  • -1.75%Net operating income to assets
  • -1.73%Return on assets (ROA)
  • -1.95%Pretax return on assets
  • -36.46%Return on equity (ROE)
  • -36.46%Retained earnings to average equity (YTD only)
  • 4.09%Net charge-offs to loans
  • 41.14%Credit loss provision to net charge-offs
  • -0.22%Efficiency ratio
  • 124,729Assets per employee
  • 4.64%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.68%Loss allowance to noncurrent loans
  • 63.13%Noncurrent assets plus other real estate owned to assets
  • 17.91%Noncurrent loans to loans
  • 4.25%Net loans and leases to deposits
  • 78.27%Net loans and leases to core deposits
  • 108.01%Equity capital to assets
  • 4.57%Core capital (leverage) ratio
  • 4.37%Tier 1 risk-based capital ratio
  • 5.80%Total risk-based capital ratio
  • Memoranda
  • $7Average assets
  • $507,694Average earning assets
  • $24,125Average equity
  • $429,973Average 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 Desert Hills 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