First Western Trust Bank in Scottsdale, Arizona (AZ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 17, 2011

First Western Trust Bank - Overview

  • General
  • FDIC Certificate #: 58717
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Western Trust Bank (#57607)
    Federal Reserve ID: 3485019
    Date Established: November 12, 2008
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 463606
    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 12, 2008
    Last Structure Change Effective Date: September 17, 2011
    Last Structure Change Process Date: September 28, 2011
    Last Data Update: September 28, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 7025 N Scottsdale Rd, Scottsdale, AZ 85253
    County: Maricopa
    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): 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: $79.0 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, 2010)

  • Dollar figures in thousands
  • 10Total employees (full-time equivalent)
  • $65,849Total assets
  • $3,805Cash and due from depository institutions
  • $3,500Interest-bearing balances
  • $3,244Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $57,623Net loans & leases
  • $690Loan loss allowance
  • $0Trading account assets
  • $233Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $944All other assets
  • $65,849Total liabilities and capital
  • $55,675Total liabilities
  • $55,413Total deposits
  • $50,487Interest-bearing deposits
  • $55,413Deposits held in domestic offices
  • 72.54%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $262All other liabilities
  • $10,174Total equity capital
  • $10,174Total bank equity capital
  • $10,174Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $12,465Undivided profits
  • Memoranda
  • $-2,291Noncurrent loans and leases
  • $8,448Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $218Average Assets, year-to-date
  • $64,367Average Assets, quarterly
  • $583Volatile liabilities
  • $64,897Insider loans
  • $65,360FHLB advances
  • $14,968Loans and leases held for sale
  • $10Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $8,448Total unused commitments
  • $0Restructured Loans and leases
  • $672Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $3,262Total interest income
  • $453Total interest expense
  • $2,809Net interest income
  • $156Provision for loan and lease losses
  • $578Total noninterest income
  • $452Fiduciary activities
  • $51Service charges on deposit accounts
  • $0Trading account gains & fees
  • $75Additional noninterest income
  • $3,172Total noninterest expense
  • $1,221Salaries and employee benefits
  • $392Premises and equipment expense
  • $1,559Additional noninterest expense
  • $59Pre-tax net operating income
  • $75Securities gains (losses)
  • $0Applicable income taxes
  • $134Income before extraordinary items
  • $0Extraordinary gains - net
  • $134Net income attributable to bank
  • $0Net charge-offs
  • $134Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.15%Yield on earning assets
  • 0.71%Cost of funding earning assets
  • 4.43%Net interest margin
  • 0.91%Noninterest income to earning assets
  • 5.01%Noninterest expense to earning assets
  • 0.09%Net operating income to assets
  • 0.21%Return on assets (ROA)
  • 0.21%Pretax return on assets
  • 1.33%Return on equity (ROE)
  • 1.33%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 93,652Assets per employee
  • 6.58%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.18%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 103.99%Net loans and leases to core deposits
  • 142.47%Equity capital to assets
  • 15.45%Core capital (leverage) ratio
  • 14.98%Tier 1 risk-based capital ratio
  • 18.70%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $64,897Average earning assets
  • $10,095Average equity
  • $63,357Average loans

Total Fiduciary and Related Assets (December 31, 2010)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $82,484Managed Assets
  • 1Number of Accounts
  • $82,484Personal trust and agency accounts
  • $18,935Employee benefit-defined contribution accounts
  • $10,423Employee benefit-defined benefit accounts
  • $836Other retirement accounts
  • $11,437Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $39,826Other fiduciary accounts
  • $1,027Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 109Number of Accounts
  • $0Personal trust and agency accounts
  • $11,437Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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