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Table of contents:
GeneralFDIC Certificate #: 58744
Status: Active
Federal Reserve ID: 3637096
Date Established: December 14, 2007
Trust Powers Granted: No
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 1 (Domestic: 1, Interstate: No)
FDIC's unique #: 465743
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: December 14, 2007
Last Structure Change Effective Date: April 25, 2011
Last Structure Change Process Date: July 14, 2011
Last Data Update: July 14, 2011
Data Source Date: April 05, 2012
LocationAddress: 15190 North Hayden Road, Scottsdale, AZ 85260
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 ChangesChange in Location
Name Change
Financial SummaryTotal assets: $68.7 mil
Equity capital: $18.1 mil
Deposits held in domestic offices: $50.4 mil
Return on assets (ROA): -3.40% (-$2.3 mil)
Quarterly return on assets: -4.89% (-$3.4 mil)
Return on Equity (ROE): -11.06% (-$2.0 mil)
Quarterly return on equity: -17.27% (-$3.1 mil)
Net income: -$2.1 mil
Quarterly Net income: -$0.8 mil
Pretax return on assets: -3.40% (-$2,335.8 mil)
Quarterly Pretax return on assets: -4.89% (-$3,359.5 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, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)16
Total assets$68,701
Cash and due from depository institutions$28,116
Interest-bearing balances$26,149
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$25,719
Loan loss allowance $361
Trading account assets$0
Bank premises and fixed assets$125
Other real estate owned$0
Goodwill and other intangibles$22
All other assets$1,059
Life insurance assets$68,701
Total liabilities and capital$50,555
Total liabilities$50,412
Total deposits$32,597
Interest-bearing deposits$50,412
Deposits held in domestic offices$91
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $143
All other liabilities $18,146
Total equity capital$18,146
Total bank equity capital$18,146
Perpetual preferred stock$0
Common stock$3,250
Undivided profits $-2,703
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $0
Earning assets $0
Long-term assets (5+ years) $170
Average Assets, year-to-date $65,528
Average Assets, quarterly $3,939
Volatile liabilities $62,952
Insider loans $65,526
FHLB advances $35,625
Loans and leases held for sale $62,880
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $18,077
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $2,819
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $1,365
Total interest expense $160
Net interest income $1,205
Provision for loan and lease losses $283
Total noninterest income $20
Fiduciary activities $0
Service charges on deposit accounts $20
Trading account gains & fees $0
Additional noninterest income $0
Total noninterest expense $3,081
Salaries and employee benefits $1,519
Premises and equipment expense $293
Additional noninterest expense $1,269
Pre-tax net operating income -$2,139
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items -$2,139
Extraordinary gains - net $0
Net income attributable to bank -$2,139
Net charge-offs $0
Cash dividends -$2,139
Sale, conversion, retirement of capital stock, net $0
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets2.25%
Cost of funding earning assets 0.26%
Net interest margin 1.98%
Noninterest income to earning assets 0.03%
Noninterest expense to earning assets 5.07%
Net operating income to assets -3.40%
Return on assets (ROA) -3.40%
Pretax return on assets -3.40%
Return on equity (ROE) -11.06%
Retained earnings to average equity (YTD only) -11.06%
Net charge-offs to loans 0.00%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio0.00%
Assets per employee$234,449
Cash dividends to net income (YTD only)4.29%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.38%
Noncurrent assets plus other real estate owned to assets 0.00%
Noncurrent loans to loans 0.00%
Net loans and leases to deposits0.00%
Net loans and leases to core deposits 51.02%
Equity capital to assets 58.36%
Core capital (leverage) ratio 26.41%
Tier 1 risk-based capital ratio 28.75%
Total risk-based capital ratio 50.74%
Average assets$52
Average earning assets$62,952
Average equity $19,332
Average loans $60,743
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1 Arizona Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0465743First Scottsdale Bank, National Association15190 North Hayden Road, Scottsdale, AZ 85260December 14, 2007Full Service Brick and Mortar
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