FDIC Certificate #: 34514 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Imperial Bank Arizona (#26657) Federal Reserve ID: 2560898 Date Established: July 28, 1997 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 59021 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: July 28, 1997 Last Structure Change Effective Date: November 25, 1998 Last Structure Change Process Date: Febuary 12, 1999 Last Data Update: Febuary 12, 1999 Data Source Date: April 05, 2012
Location
Address: 400 East Van Buren Street, Suite 900, Phoenix, AZ 85004 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 Summary
Total assets: $57.5 mil
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
3Total employees (full-time equivalent)
$17,869Total assets
$8,206Cash and due from depository institutions
$0Interest-bearing balances
$0Securities
$0Federal funds sold & reverse repurchase agreements
$9,360Net loans & leases
$55Loan loss allowance
$0Trading account assets
$229Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$74All other assets
$17,869Total liabilities and capital
$12,503Total liabilities
$12,363Total deposits
$8,628Interest-bearing deposits
$12,363Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$1Other borrowed funds
$0Subordinated debt
$139All other liabilities
$5,366Total equity capital
$5,366Total bank equity capital
$5,366Perpetual preferred stock
$0Common stock
$1,000Surplus
$4,400Undivided profits
Memoranda
$-34Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$46Average Assets, year-to-date
$9,360Average Assets, quarterly
$0Volatile liabilities
$18,221Insider loans
$18,221FHLB advances
$201Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,782Total unused commitments
$0Restructured Loans and leases
$11,967Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$257Total interest income
$40Total interest expense
$217Net interest income
$55Provision for loan and lease losses
$49Total noninterest income
$0Fiduciary activities
$16Service charges on deposit accounts
$0Trading account gains & fees
$33Additional noninterest income
$268Total noninterest expense
$118Salaries and employee benefits
$25Premises and equipment expense
$125Additional noninterest expense
-$57Pre-tax net operating income
$0Securities gains (losses)
-$23Applicable income taxes
-$34Income before extraordinary items
$0Extraordinary gains - net
-$34Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
2.82%Yield on earning assets
0.44%Cost of funding earning assets
2.38%Net interest margin
0.54%Noninterest income to earning assets
2.94%Noninterest expense to earning assets
-0.19%Net operating income to assets
-0.19%Return on assets (ROA)
-0.31%Pretax return on assets
-0.63%Return on equity (ROE)
-0.63%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
100,752Assets per employee
5.96%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.58%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
75.71%Net loans and leases to core deposits
76.95%Equity capital to assets
30.03%Core capital (leverage) ratio
44.65%Tier 1 risk-based capital ratio
44.84%Total risk-based capital ratio
Memoranda
$45Average assets
$18,221Average earning assets
$5,372Average equity
$9,112Average loans
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