Gold Canyon Bank in Gold Canyon, Arizona (AZ)



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Gold Canyon Bank routing number info

Table of contents:
Gold Canyon Bank
GeneralFDIC Certificate #: 58066
Status: Active
Federal Reserve ID: 3304428
Date Established: April 26, 2006
WWW: http://www.goldcanyonbank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 2 (Domestic: 2, Interstate: No)
FDIC's unique #: 438761
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: April 26, 2006
Last Structure Change Effective Date: May 04, 2006
Last Structure Change Process Date: May 04, 2006
Last Data Update: May 04, 2006
Data Source Date: April 05, 2012
LocationAddress: 6641 S. Kings Ranch Road, Gold Canyon, AZ 85118
County: Pinal
Quarterly Banking Profile Region: San Francisco
FDIC Geographic Region: San Francisco
FDIC Supervisory Region: San Francisco
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)
History of ChangesChange in Location
Change in Geographic Region/Area/Territory/Field Office
Financial SummaryTotal assets: $59.9 mil
Equity capital: $2.5 mil
Deposits held in domestic offices: $57.3 mil
Return on assets (ROA): -1.76% (-$1.1 mil)
Quarterly return on assets: -3.01% (-$1.8 mil)
Return on Equity (ROE): -41.04% (-$0.8 mil)
Quarterly return on equity: -66.23% (-$1.3 mil)
Net income: -$1.0 mil
Quarterly Net income: -$0.4 mil
Pretax return on assets: -1.76% (-$1,053.4 mil)
Quarterly Pretax return on assets: -3.01% (-$1,801.5 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, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)12
Total assets$59,851
Cash and due from depository institutions$2,902
Interest-bearing balances$1,988
Securities$13,971
Federal funds sold & reverse repurchase agreements$11,795
Net loans & leases$27,050
Loan loss allowance $620
Trading account assets$0
Bank premises and fixed assets$2,774
Other real estate owned$544
Goodwill and other intangibles$0
All other assets$815
Life insurance assets$59,851
Total liabilities and capital$57,388
Total liabilities$57,316
Total deposits$54,198
Interest-bearing deposits$57,316
Deposits held in domestic offices$90
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $72
All other liabilities $2,463
Total equity capital$2,463
Total bank equity capital$2,463
Perpetual preferred stock$1,655
Common stock$1,100
Surplus$9,692
Undivided profits $-9,984
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $2,045
Earning assets $0
Long-term assets (5+ years) $196
Average Assets, year-to-date $54,804
Average Assets, quarterly $5,398
Volatile liabilities $58,920
Insider loans $58,955
FHLB advances $35,278
Loans and leases held for sale $58,413
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $2,300
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $3,172
Derivatives$49
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,237
Total interest expense $692
Net interest income $1,545
Provision for loan and lease losses $72
Total noninterest income -$191
Fiduciary activities $0
Service charges on deposit accounts $8
Trading account gains & fees $0
Additional noninterest income -$199
Total noninterest expense $2,321
Salaries and employee benefits $1,007
Premises and equipment expense $300
Additional noninterest expense $1,014
Pre-tax net operating income -$1,039
Securities gains (losses) $1
Applicable income taxes $0
Income before extraordinary items -$1,038
Extraordinary gains - net $0
Net income attributable to bank -$1,038
Net charge-offs $0
Cash dividends -$1,038
Sale, conversion, retirement of capital stock, net $255
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.21%
Cost of funding earning assets 1.30%
Net interest margin 2.91%
Noninterest income to earning assets -0.36%
Noninterest expense to earning assets 4.37%
Net operating income to assets -1.76%
Return on assets (ROA) -1.76%
Pretax return on assets -1.76%
Return on equity (ROE) -41.04%
Retained earnings to average equity (YTD only) -41.04%
Net charge-offs to loans 0.88%
Credit loss provision to net charge-offs 28.24%
Efficiency ratio-3.79%
Assets per employee$171,418
Cash dividends to net income (YTD only)4.99%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.24%
Noncurrent assets plus other real estate owned to assets 30.32%
Noncurrent loans to loans 4.33%
Net loans and leases to deposits7.39%
Net loans and leases to core deposits 47.19%
Equity capital to assets 50.61%
Core capital (leverage) ratio 4.12%
Tier 1 risk-based capital ratio 3.94%
Total risk-based capital ratio 6.52%
Memoranda
Average assets$8
Average earning assets$58,920
Average equity $2,529
Average loans $53,119
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2 Arizona Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0438761Gold Canyon Bank6641 S. Kings Ranch Road, Gold Canyon, AZ 85118April 26, 2006Full Service Brick and Mortar
1477873Olive Business Park Branch9299 W. Olive Ave., Suite #601, Peoria, AZ 85345November 05, 2007Full Service Brick and Mortar
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