Gold Canyon Bank in Gold Canyon, Arizona (AZ)
Overview, Financial Summary, Detailed Financial Reports, Branches

Gold Canyon Bank - Overview

  • General
  • FDIC Certificate #: 58066
    Status: Active
    Federal Reserve ID: 3304428
    Date Established: April 26, 2006
    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
  • Location
  • Address: 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 Changes
  • Change in Location
    Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total 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
  • 12Total employees (full-time equivalent)
  • $59,851Total assets
  • $2,902Cash and due from depository institutions
  • $1,988Interest-bearing balances
  • $13,971Securities
  • $11,795Federal funds sold & reverse repurchase agreements
  • $27,050Net loans & leases
  • $620Loan loss allowance
  • $0Trading account assets
  • $2,774Bank premises and fixed assets
  • $544Other real estate owned
  • $0Goodwill and other intangibles
  • $59,851Life insurance assets
  • $815All other assets
  • $57,388Total liabilities and capital
  • $57,316Total liabilities
  • $54,198Total deposits
  • $57,316Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $72Subordinated debt
  • $2,463All other liabilities
  • $2,463Total equity capital
  • $2,463Total bank equity capital
  • $1,655Perpetual preferred stock
  • $1,100Common stock
  • $9,692Surplus
  • $-9,984Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,045Income earned, not collected on loans
  • $0Earning assets
  • $196Long-term assets (5+ years)
  • $54,804Average Assets, year-to-date
  • $5,398Average Assets, quarterly
  • $58,920Volatile liabilities
  • $58,955Insider loans
  • $35,278FHLB advances
  • $58,413Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $2,300Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,172Restructured Loans and leases
  • $49Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,237Total interest income
  • $692Total interest expense
  • $1,545Net interest income
  • $72Provision for loan and lease losses
  • -$191Total noninterest income
  • $0Fiduciary activities
  • $8Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$199Additional noninterest income
  • $2,321Total noninterest expense
  • $1,007Salaries and employee benefits
  • $300Premises and equipment expense
  • $1,014Additional noninterest expense
  • -$1,039Pre-tax net operating income
  • $1Securities gains (losses)
  • $0Applicable income taxes
  • -$1,038Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,038Net income attributable to bank
  • $0Net charge-offs
  • -$1,038Cash dividends
  • $255Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.21%Yield on earning assets
  • 1.30%Cost of funding earning assets
  • 2.91%Net interest margin
  • -0.36%Noninterest income to earning assets
  • 4.37%Noninterest expense to earning assets
  • -1.76%Net operating income to assets
  • -1.76%Return on assets (ROA)
  • -1.76%Pretax return on assets
  • -41.04%Return on equity (ROE)
  • -41.04%Retained earnings to average equity (YTD only)
  • 0.88%Net charge-offs to loans
  • 28.24%Credit loss provision to net charge-offs
  • -3.79%Efficiency ratio
  • 171,418Assets per employee
  • 4.99%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.24%Loss allowance to noncurrent loans
  • 30.32%Noncurrent assets plus other real estate owned to assets
  • 4.33%Noncurrent loans to loans
  • 7.39%Net loans and leases to deposits
  • 47.19%Net loans and leases to core deposits
  • 50.61%Equity capital to assets
  • 4.12%Core capital (leverage) ratio
  • 3.94%Tier 1 risk-based capital ratio
  • 6.52%Total risk-based capital ratio
  • Memoranda
  • $8Average assets
  • $58,920Average earning assets
  • $2,529Average equity
  • $53,119Average loans

List of branches

  • 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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