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

Show street view No street view available for this location

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
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
Undivided profits $39,800
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
Back to page top, Back to table top

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
Back to page top, Back to table top

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%
Average assets$30
Average earning assets$130,404
Average equity $33,606
Average loans $92,465
Back to page top, Back to table top

User Contributions:

Comment about this bank, ask questions, or add new information about it:


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with FirstBank of Arizona, Inc..
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.