FirstBank of Arizona, Inc. in Phoenix, Arizona (AZ)



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FirstBank of Arizona, Inc. routing number info

Table of contents:
FirstBank of Arizona, Inc.
GeneralFDIC Certificate #: 58044
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: FirstBank (#18714)
Federal Reserve ID: 3602469
Date Established: August 01, 2007
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 8 (Interstate: No)
FDIC's unique #: 437016
Numeric code: 13
Regulator: FED
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: August 01, 2007
Last Structure Change Effective Date: May 21, 2011
Last Structure Change Process Date: June 14, 2011
Last Data Update: June 14, 2011
Data Source Date: April 05, 2012
LocationAddress: 2525 East Camelback Road, Suite 115, Phoenix, AZ 85016
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 SummaryTotal assets: $149.2 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)
Total employees (full-time equivalent)45
Total assets$133,974
Cash and due from depository institutions$1,954
Interest-bearing balances$0
Securities$5,984
Federal funds sold & reverse repurchase agreements$3,354
Net loans & leases$88,476
Loan loss allowance $2,159
Trading account assets$0
Bank premises and fixed assets$31,925
Other real estate owned$441
Goodwill and other intangibles$0
All other assets$1,840
Life insurance assets$0
Total liabilities and capital$133,974
Total liabilities$102,133
Total deposits$101,055
Interest-bearing deposits$86,001
Deposits held in domestic offices$101,055
% insured (estimated)92.39%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $32
Subordinated debt $0
All other liabilities $1,046
Total equity capital$31,841
Total bank equity capital$31,841
Perpetual preferred stock$31,841
Common stock$0
Surplus$1,000
Undivided profits $39,800
Memoranda
Noncurrent loans and leases $-8,959
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $6,447
Income earned, not collected on loans $0
Earning assets $794
Long-term assets (5+ years) $0
Average Assets, year-to-date $395
Average Assets, quarterly $97,814
Volatile liabilities $23,253
Insider loans $130,404
FHLB advances $132,945
Loans and leases held for sale $22,566
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $6,447
Restructured Loans and leases $939
Derivatives$1,403
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Income and Expense (December 31, 2010)
(Dollar figures in thousands)
Total interest income $5,437
Total interest expense $1,120
Net interest income $4,317
Provision for loan and lease losses $1,254
Total noninterest income -$426
Fiduciary activities $0
Service charges on deposit accounts $237
Trading account gains & fees $0
Additional noninterest income -$663
Total noninterest expense $7,304
Salaries and employee benefits $3,187
Premises and equipment expense $1,911
Additional noninterest expense $2,206
Pre-tax net operating income -$4,667
Securities gains (losses) $51
Applicable income taxes -$1,353
Income before extraordinary items -$3,263
Extraordinary gains - net $0
Net income attributable to bank -$3,263
Net charge-offs $0
Cash dividends -$3,263
Sale, conversion, retirement of capital stock, net $650
Net operating income $0
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Performance and Condition Ratios (December 31, 2010)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.88%
Cost of funding earning assets 1.21%
Net interest margin 4.67%
Noninterest income to earning assets -0.46%
Noninterest expense to earning assets 7.90%
Net operating income to assets -2.53%
Return on assets (ROA) -2.50%
Pretax return on assets -3.54%
Return on equity (ROE) -9.71%
Retained earnings to average equity (YTD only) -9.71%
Net charge-offs to loans 0.78%
Credit loss provision to net charge-offs 192.92%
Efficiency ratio-5.25%
Assets per employee$187,715
Cash dividends to net income (YTD only)2.98%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.38%
Noncurrent assets plus other real estate owned to assets 271.91%
Noncurrent loans to loans 0.92%
Net loans and leases to deposits0.88%
Net loans and leases to core deposits 87.55%
Equity capital to assets 112.68%
Core capital (leverage) ratio 23.77%
Tier 1 risk-based capital ratio 23.96%
Total risk-based capital ratio 28.58%
Memoranda
Average assets$30
Average earning assets$130,404
Average equity $33,606
Average loans $92,465
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