Legacy Bank in Scottsdale, Arizona (AZ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 07, 2011

  • Legacy Bank in Scottsdale, Arizona (AZ)
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Legacy Bank - Overview

  • General
  • FDIC Certificate #: 57820
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: Enterprise Bank & Trust (#27237)
    Federal Reserve ID: 3303476
    Date Established: January 03, 2005
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 426590
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 03, 2005
    Last Structure Change Effective Date: January 07, 2011
    Last Structure Change Process Date: January 10, 2011
    Last Data Update: January 10, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 15100 North 78th Way, Scottsdale, AZ 85260
    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 Summary
  • Total assets: $136.4 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, 2010)

  • Dollar figures in thousands
  • 17Total employees (full-time equivalent)
  • $136,446Total assets
  • $5,530Cash and due from depository institutions
  • $5,065Interest-bearing balances
  • $9,579Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $95,087Net loans & leases
  • $2,649Loan loss allowance
  • $0Trading account assets
  • $1,883Bank premises and fixed assets
  • $19,865Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $4,502All other assets
  • $136,446Total liabilities and capital
  • $134,307Total liabilities
  • $119,685Total deposits
  • $99,718Interest-bearing deposits
  • $119,685Deposits held in domestic offices
  • 90.28%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $14,500Other borrowed funds
  • $0Subordinated debt
  • $122All other liabilities
  • $2,139Total equity capital
  • $2,139Total bank equity capital
  • $2,139Perpetual preferred stock
  • $0Common stock
  • $15Surplus
  • $21,385Undivided profits
  • Memoranda
  • $-19,261Noncurrent loans and leases
  • $8,240Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $3,388Earning assets
  • $0Long-term assets (5+ years)
  • $366Average Assets, year-to-date
  • $109,731Average Assets, quarterly
  • $2,245Volatile liabilities
  • $161,683Insider loans
  • $143,543FHLB advances
  • $86,779Loans and leases held for sale
  • $28Unused loan commitments
  • $14,500Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $8,240Total unused commitments
  • $0Restructured Loans and leases
  • $1,368Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $6,258Total interest income
  • $1,632Total interest expense
  • $4,626Net interest income
  • $1,000Provision for loan and lease losses
  • -$2,625Total noninterest income
  • $251Fiduciary activities
  • $64Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$2,940Additional noninterest income
  • $5,616Total noninterest expense
  • $2,239Salaries and employee benefits
  • $974Premises and equipment expense
  • $2,403Additional noninterest expense
  • -$4,615Pre-tax net operating income
  • $0Securities gains (losses)
  • $88Applicable income taxes
  • -$4,703Income before extraordinary items
  • $0Extraordinary gains - net
  • -$4,703Net income attributable to bank
  • $0Net charge-offs
  • -$4,703Cash dividends
  • $4,369Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.50%Yield on earning assets
  • 1.17%Cost of funding earning assets
  • 3.33%Net interest margin
  • -1.89%Noninterest income to earning assets
  • 4.04%Noninterest expense to earning assets
  • -2.91%Net operating income to assets
  • -2.91%Return on assets (ROA)
  • -2.85%Pretax return on assets
  • -99.06%Return on equity (ROE)
  • -99.06%Retained earnings to average equity (YTD only)
  • 3.70%Net charge-offs to loans
  • 22.89%Credit loss provision to net charge-offs
  • -0.83%Efficiency ratio
  • 280,660Assets per employee
  • 8.03%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.71%Loss allowance to noncurrent loans
  • 78.19%Noncurrent assets plus other real estate owned to assets
  • 17.04%Noncurrent loans to loans
  • 3.47%Net loans and leases to deposits
  • 79.45%Net loans and leases to core deposits
  • 216.57%Equity capital to assets
  • 1.57%Core capital (leverage) ratio
  • 1.36%Tier 1 risk-based capital ratio
  • 1.80%Total risk-based capital ratio
  • Memoranda
  • $3Average assets
  • $161,683Average earning assets
  • $4,747Average equity
  • $139,047Average loans

Total Fiduciary and Related Assets (December 31, 2010)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $55,612Managed Assets
  • 1Number of Accounts
  • $55,612Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $55,612Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 9Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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