Founders Bank of Arizona in Scottsdale, Arizona (AZ)



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Founders Bank of Arizona
GeneralFDIC Certificate #: 26739
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Compass Bank (#19048)
Federal Reserve ID: 19860
Date Established: August 04, 1986
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 10 (Interstate: No)
FDIC's unique #: 35854
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: August 04, 1986
Last Structure Change Effective Date: July 18, 2000
Last Structure Change Process Date: October 17, 2000
Last Data Update: October 17, 2000
Data Source Date: April 05, 2012
LocationAddress: 7335 East Doubletree Ranch Road, Scottsdale, AZ 85258
County: Maricopa
Quarterly Banking Profile Region: San Francisco
FDIC Geographic Region: San Francisco
FDIC Supervisory Region: Chicago
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: $396.8 mil

1992 - 1999 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, 1999)
(Dollar figures in thousands)
Total employees (full-time equivalent)156
Total assets$354,502
Cash and due from depository institutions$20,236
Interest-bearing balances$0
Securities$101,143
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$213,879
Loan loss allowance $3,244
Trading account assets$0
Bank premises and fixed assets$12,486
Other real estate owned$0
Goodwill and other intangibles$289
All other assets$6,469
Life insurance assets$0
Total liabilities and capital$354,502
Total liabilities$335,345
Total deposits$297,714
Interest-bearing deposits$225,953
Deposits held in domestic offices$297,714
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $36,664
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $967
Total equity capital$19,157
Total bank equity capital$19,157
Perpetual preferred stock$19,157
Common stock$0
Surplus$3,075
Undivided profits $10,301
Memoranda
Noncurrent loans and leases $5,781
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $61,071
Income earned, not collected on loans $0
Earning assets $147
Long-term assets (5+ years) $0
Average Assets, year-to-date $864
Average Assets, quarterly $315,022
Volatile liabilities $41,600
Insider loans $331,107
FHLB advances $344,279
Loans and leases held for sale $50,059
Unused loan commitments $1,297
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $61,071
Restructured Loans and leases $0
Derivatives$2,989
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Income and Expense (December 31, 1999)
(Dollar figures in thousands)
Total interest income $23,611
Total interest expense $7,867
Net interest income $15,744
Provision for loan and lease losses $763
Total noninterest income $5,361
Fiduciary activities $525
Service charges on deposit accounts $607
Trading account gains & fees $0
Additional noninterest income $4,229
Total noninterest expense $13,980
Salaries and employee benefits $8,782
Premises and equipment expense $1,649
Additional noninterest expense $3,549
Pre-tax net operating income $6,362
Securities gains (losses) -$34
Applicable income taxes $1,977
Income before extraordinary items $4,351
Extraordinary gains - net $0
Net income attributable to bank $4,351
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net -$17
Net operating income $0
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Performance and Condition Ratios (December 31, 1999)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets8.04%
Cost of funding earning assets 2.68%
Net interest margin 5.36%
Noninterest income to earning assets 1.83%
Noninterest expense to earning assets 4.76%
Net operating income to assets 1.32%
Return on assets (ROA) 1.31%
Pretax return on assets 1.91%
Return on equity (ROE) 23.67%
Retained earnings to average equity (YTD only) 23.67%
Net charge-offs to loans -0.01%
Credit loss provision to net charge-offs -4488.24%
Efficiency ratio0.00%
Assets per employee$66,117
Cash dividends to net income (YTD only)2.27%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.49%
Noncurrent assets plus other real estate owned to assets 2206.80%
Noncurrent loans to loans 0.04%
Net loans and leases to deposits0.07%
Net loans and leases to core deposits 71.84%
Equity capital to assets 75.23%
Core capital (leverage) ratio 5.40%
Tier 1 risk-based capital ratio 6.17%
Total risk-based capital ratio 8.90%
Memoranda
Average assets$10
Average earning assets$331,107
Average equity $18,384
Average loans $293,639
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