FDIC Certificate #: 34875 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Sunwest Bank (#20164) Federal Reserve ID: 2685764 Date Established: September 09, 1998 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 6 (Interstate: No) FDIC's unique #: 61937 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: September 09, 1998 Last Structure Change Effective Date: September 04, 2009 Last Structure Change Process Date: September 08, 2009 Last Data Update: September 08, 2009 Data Source Date: April 05, 2012
Location
Address: 2520 North Fourth Street, Flagstaff, AZ 86004 County: Coconino 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): Flagstaff, AZ-UT (#2620) Core Based Statistical Area (CBSA): Flagstaff, AZ (#22380) CBSA Metro Statistical Area: Flagstaff, AZ (#22380)
Financial Summary
Total assets: $107.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2008)
Dollar figures in thousands
34Total employees (full-time equivalent)
$121,247Total assets
$10,168Cash and due from depository institutions
$700Interest-bearing balances
$4,497Securities
$1,000Federal funds sold & reverse repurchase agreements
$91,747Net loans & leases
$3,104Loan loss allowance
$0Trading account assets
$10,742Bank premises and fixed assets
$1,088Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,005All other assets
$121,247Total liabilities and capital
$112,298Total liabilities
$101,100Total deposits
$82,432Interest-bearing deposits
$101,100Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$10,542Other borrowed funds
$0Subordinated debt
$656All other liabilities
$8,949Total equity capital
$8,949Total bank equity capital
$8,949Perpetual preferred stock
$0Common stock
$2,000Surplus
$9,818Undivided profits
Memoranda
$-2,869Noncurrent loans and leases
$16,897Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$9,609Earning assets
$0Long-term assets (5+ years)
$433Average Assets, year-to-date
$97,944Average Assets, quarterly
$15,061Volatile liabilities
$117,471Insider loans
$121,070FHLB advances
$24,268Loans and leases held for sale
$51Unused loan commitments
$10,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$16,897Total unused commitments
$0Restructured Loans and leases
$1,372Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$7,037Total interest income
$2,726Total interest expense
$4,311Net interest income
$4,132Provision for loan and lease losses
$522Total noninterest income
$0Fiduciary activities
$284Service charges on deposit accounts
$0Trading account gains & fees
$238Additional noninterest income
$5,039Total noninterest expense
$2,514Salaries and employee benefits
$1,040Premises and equipment expense
$1,485Additional noninterest expense
-$4,338Pre-tax net operating income
$18Securities gains (losses)
-$363Applicable income taxes
-$3,957Income before extraordinary items
$0Extraordinary gains - net
-$3,957Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1,827Sale, conversion, retirement of capital stock, net
$220Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.07%Yield on earning assets
2.74%Cost of funding earning assets
4.33%Net interest margin
0.52%Noninterest income to earning assets
5.06%Noninterest expense to earning assets
-3.38%Net operating income to assets
-3.37%Return on assets (ROA)
-3.68%Pretax return on assets
-37.01%Return on equity (ROE)
-39.07%Retained earnings to average equity (YTD only)
1.96%Net charge-offs to loans
226.16%Credit loss provision to net charge-offs
-0.11%Efficiency ratio
104,262Assets per employee
3.57%Cash dividends to net income (YTD only)
Condition Ratios (%)
-5.56%Loss allowance to loans
3.27%Loss allowance to noncurrent loans
32.30%Noncurrent assets plus other real estate owned to assets
8.82%Noncurrent loans to loans
10.13%Net loans and leases to deposits
90.75%Net loans and leases to core deposits
110.10%Equity capital to assets
7.38%Core capital (leverage) ratio
7.19%Tier 1 risk-based capital ratio
7.99%Total risk-based capital ratio
Memoranda
$9Average assets
$117,471Average earning assets
$10,692Average equity
$99,503Average loans
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