Goldwater Bank, N.A. in Scottsdale, Arizona (AZ)



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Goldwater Bank, N.A. routing number info

Table of contents:
Goldwater Bank, N.A.
GeneralFDIC Certificate #: 58405
Status: Active
Federal Reserve ID: 3592047
Date Established: April 02, 2007
WWW: http://www.goldwaterbank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 1 (Domestic: 1, Interstate: No)
FDIC's unique #: 450910
Numeric code: 3
Regulator: OCC
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: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: All Other Specialization < 1 Billion
Date of Deposit Insurance: April 02, 2007
Last Structure Change Effective Date: December 08, 2011
Last Structure Change Process Date: December 08, 2011
Last Data Update: December 08, 2011
Data Source Date: April 05, 2012
LocationAddress: 7135 East Camelback Road, Suite I-201, Scottsdale, AZ 85251
County: Maricopa
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)
Financial SummaryTotal assets: $154.2 mil
Equity capital: $4.8 mil
Deposits held in domestic offices: $148.1 mil
Return on assets (ROA): -2.22% (-$3.4 mil)
Quarterly return on assets: -1.51% (-$2.3 mil)
Return on Equity (ROE): -61.24% (-$3.1 mil)
Quarterly return on equity: -45.27% (-$2.3 mil)
Net income: -$3.9 mil
Quarterly Net income: -$0.6 mil
Pretax return on assets: -2.22% (-$3,424.2 mil)
Quarterly Pretax return on assets: -1.51% (-$2,329.0 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)118
Total assets$154,241
Cash and due from depository institutions$12,095
Interest-bearing balances$9,012
Securities$35,529
Federal funds sold & reverse repurchase agreements$4,005
Net loans & leases$90,032
Loan loss allowance $2,136
Trading account assets$0
Bank premises and fixed assets$1,271
Other real estate owned$5,616
Goodwill and other intangibles$429
All other assets$5,264
Life insurance assets$154,241
Total liabilities and capital$149,413
Total liabilities$148,134
Total deposits$145,249
Interest-bearing deposits$148,134
Deposits held in domestic offices$92
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $1,279
All other liabilities $4,828
Total equity capital$4,828
Total bank equity capital$4,828
Perpetual preferred stock$2,645
Common stock$11,035
Surplus$11,054
Undivided profits $-19,906
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $32,424
Income earned, not collected on loans $7,865
Earning assets $0
Long-term assets (5+ years) $444
Average Assets, year-to-date $138,578
Average Assets, quarterly $75,679
Volatile liabilities $176,182
Insider loans $158,492
FHLB advances $74,019
Loans and leases held for sale $159,071
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $5,033
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $8
Derivatives$794
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $7,102
Total interest expense $2,484
Net interest income $4,618
Provision for loan and lease losses $2,332
Total noninterest income $13,043
Fiduciary activities $0
Service charges on deposit accounts $29
Trading account gains & fees $0
Additional noninterest income $13,014
Total noninterest expense $19,760
Salaries and employee benefits $11,523
Premises and equipment expense $1,380
Additional noninterest expense $6,857
Pre-tax net operating income -$4,431
Securities gains (losses) $518
Applicable income taxes $0
Income before extraordinary items -$3,913
Extraordinary gains - net $0
Net income attributable to bank -$3,913
Net charge-offs $0
Cash dividends -$3,913
Sale, conversion, retirement of capital stock, net $3,723
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 assets4.43%
Cost of funding earning assets 1.55%
Net interest margin 2.88%
Noninterest income to earning assets 8.14%
Noninterest expense to earning assets 12.33%
Net operating income to assets -2.52%
Return on assets (ROA) -2.22%
Pretax return on assets -2.22%
Return on equity (ROE) -61.24%
Retained earnings to average equity (YTD only) -61.24%
Net charge-offs to loans 4.24%
Credit loss provision to net charge-offs 62.64%
Efficiency ratio-0.56%
Assets per employee$111,885
Cash dividends to net income (YTD only)1.31%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.32%
Noncurrent assets plus other real estate owned to assets 27.16%
Noncurrent loans to loans 8.74%
Net loans and leases to deposits8.53%
Net loans and leases to core deposits 60.78%
Equity capital to assets 70.68%
Core capital (leverage) ratio 3.13%
Tier 1 risk-based capital ratio 3.16%
Total risk-based capital ratio 6.80%
Memoranda
Average assets$8
Average earning assets$176,182
Average equity $6,390
Average loans $160,285
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1 Arizona Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0450910Goldwater Bank, N.A.7135 East Camelback Road, Suite I-201, Scottsdale, AZ 85251April 02, 2007Full Service Brick and Mortar
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