FirstBank of Arizona, Inc. in Phoenix, Arizona (AZ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 21, 2011

FirstBank of Arizona, Inc. - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Summary
  • Total 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
  • 45Total employees (full-time equivalent)
  • $133,974Total assets
  • $1,954Cash and due from depository institutions
  • $0Interest-bearing balances
  • $5,984Securities
  • $3,354Federal funds sold & reverse repurchase agreements
  • $88,476Net loans & leases
  • $2,159Loan loss allowance
  • $0Trading account assets
  • $31,925Bank premises and fixed assets
  • $441Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,840All other assets
  • $133,974Total liabilities and capital
  • $102,133Total liabilities
  • $101,055Total deposits
  • $86,001Interest-bearing deposits
  • $101,055Deposits held in domestic offices
  • 92.39%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $32Other borrowed funds
  • $0Subordinated debt
  • $1,046All other liabilities
  • $31,841Total equity capital
  • $31,841Total bank equity capital
  • $31,841Perpetual preferred stock
  • $0Common stock
  • $1,000Surplus
  • $39,800Undivided profits
  • Memoranda
  • $-8,959Noncurrent loans and leases
  • $6,447Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $794Earning assets
  • $0Long-term assets (5+ years)
  • $395Average Assets, year-to-date
  • $97,814Average Assets, quarterly
  • $23,253Volatile liabilities
  • $130,404Insider loans
  • $132,945FHLB advances
  • $22,566Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $6,447Total unused commitments
  • $939Restructured Loans and leases
  • $1,403Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $5,437Total interest income
  • $1,120Total interest expense
  • $4,317Net interest income
  • $1,254Provision for loan and lease losses
  • -$426Total noninterest income
  • $0Fiduciary activities
  • $237Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$663Additional noninterest income
  • $7,304Total noninterest expense
  • $3,187Salaries and employee benefits
  • $1,911Premises and equipment expense
  • $2,206Additional noninterest expense
  • -$4,667Pre-tax net operating income
  • $51Securities gains (losses)
  • -$1,353Applicable income taxes
  • -$3,263Income before extraordinary items
  • $0Extraordinary gains - net
  • -$3,263Net income attributable to bank
  • $0Net charge-offs
  • -$3,263Cash dividends
  • $650Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.88%Yield on earning assets
  • 1.21%Cost of funding earning assets
  • 4.67%Net interest margin
  • -0.46%Noninterest income to earning assets
  • 7.90%Noninterest expense to earning assets
  • -2.53%Net operating income to assets
  • -2.50%Return on assets (ROA)
  • -3.54%Pretax return on assets
  • -9.71%Return on equity (ROE)
  • -9.71%Retained earnings to average equity (YTD only)
  • 0.78%Net charge-offs to loans
  • 192.92%Credit loss provision to net charge-offs
  • -5.25%Efficiency ratio
  • 187,715Assets per employee
  • 2.98%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.38%Loss allowance to noncurrent loans
  • 271.91%Noncurrent assets plus other real estate owned to assets
  • 0.92%Noncurrent loans to loans
  • 0.88%Net loans and leases to deposits
  • 87.55%Net loans and leases to core deposits
  • 112.68%Equity capital to assets
  • 23.77%Core capital (leverage) ratio
  • 23.96%Tier 1 risk-based capital ratio
  • 28.58%Total risk-based capital ratio
  • Memoranda
  • $30Average assets
  • $130,404Average earning assets
  • $33,606Average equity
  • $92,465Average loans

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