Meridian Bank, National Association in Wickenburg, Arizona (AZ)
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| Meridian Bank, National Association | |
|---|---|
| General | FDIC Certificate #: 22644 Status: Active Federal Reserve ID: 978369 Bank Holding Company (Regulatory Top Holder): Marquette Financial Companies (RSSDID: 1123193, Location: Minneapolis, MN) Date Established: May 01, 1978 WWW: http://www.meridianbank.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: 7 (Domestic: 7, Interstate: No) FDIC's unique #: 15799 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: Yes Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: May 01, 1978 Last Structure Change Effective Date: April 29, 2011 Last Structure Change Process Date: April 29, 2011 Last Data Update: April 29, 2011 Data Source Date: April 05, 2012 |
| Location | Address: 2001 West Wickenburg Way, Wickenburg, AZ 85390 County: Maricopa Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: Kansas City 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 |
| Financial Summary | Total assets: $971.9 mil Equity capital: $188.8 mil Deposits held in domestic offices: $709.7 mil Return on assets (ROA): 1.63% ($15.8 mil) Quarterly return on assets: 2.05% ($19.9 mil) Return on Equity (ROE): 10.10% ($19.1 mil) Quarterly return on equity: 11.05% ($20.9 mil) Net income: $18.2 mil Quarterly Net income: $5.2 mil Pretax return on assets: 1.63% ($15,841.4 mil) Quarterly Pretax return on assets: 2.06% ($20,020.4 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 193 |
| Total assets | $971,866 |
| Cash and due from depository institutions | $43,706 |
| Interest-bearing balances | $24,906 |
| Securities | $263,585 |
| Federal funds sold & reverse repurchase agreements | $3,833 |
| Net loans & leases | $439,834 |
| Loan loss allowance | $21,442 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $6,465 |
| Other real estate owned | $2,829 |
| Goodwill and other intangibles | $0 |
| All other assets | $211,614 |
| Life insurance assets | $971,866 |
| Total liabilities and capital | $783,087 |
| Total liabilities | $709,717 |
| Total deposits | $650,135 |
| Interest-bearing deposits | $709,717 |
| Deposits held in domestic offices | $94 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $40,000 |
| Other borrowed funds | $0 |
| Subordinated debt | $33,370 |
| All other liabilities | $188,779 |
| Total equity capital | $188,779 |
| Total bank equity capital | $188,779 |
| Perpetual preferred stock | $0 |
| Common stock | $1,015 |
| Surplus | $343,000 |
| Undivided profits | $-155,236 |
| 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 | $22,725 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $3,871 |
| Average Assets, year-to-date | $732,158 |
| Average Assets, quarterly | $151,121 |
| Volatile liabilities | $1,117,626 |
| Insider loans | $1,007,611 |
| FHLB advances | $798,711 |
| Loans and leases held for sale | $1,008,536 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $186,701 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $114,275 |
| Derivatives | $12,680 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $60,793 |
| Total interest expense | $12,442 |
| Net interest income | $48,351 |
| Provision for loan and lease losses | -$1,478 |
| Total noninterest income | $3,099 |
| Fiduciary activities | $9 |
| Service charges on deposit accounts | $490 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $2,600 |
| Total noninterest expense | $45,128 |
| Salaries and employee benefits | $23,961 |
| Premises and equipment expense | $3,217 |
| Additional noninterest expense | $17,950 |
| Pre-tax net operating income | $7,800 |
| Securities gains (losses) | $454 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $8,254 |
| Extraordinary gains - net | $9,912 |
| Net income attributable to bank | $18,166 |
| Net charge-offs | $0 |
| Cash dividends | $18,166 |
| Sale, conversion, retirement of capital stock, net | $10,597 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 6.01% |
| Cost of funding earning assets | 1.23% |
| Net interest margin | 4.78% |
| Noninterest income to earning assets | 0.31% |
| Noninterest expense to earning assets | 4.46% |
| Net operating income to assets | 0.70% |
| Return on assets (ROA) | 1.63% |
| Pretax return on assets | 1.63% |
| Return on equity (ROE) | 10.10% |
| Retained earnings to average equity (YTD only) | 10.10% |
| Net charge-offs to loans | 1.55% |
| Credit loss provision to net charge-offs | -13.95% |
| Efficiency ratio | 0.60% |
| Assets per employee | $87,712 |
| Cash dividends to net income (YTD only) | 5.04% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 4.65% |
| Noncurrent assets plus other real estate owned to assets | 94.35% |
| Noncurrent loans to loans | 3.20% |
| Net loans and leases to deposits | 4.93% |
| Net loans and leases to core deposits | 61.97% |
| Equity capital to assets | 80.83% |
| Core capital (leverage) ratio | 19.42% |
| Tier 1 risk-based capital ratio | 18.51% |
| Total risk-based capital ratio | 23.38% |
| Memoranda | |
| Average assets | $25 |
| Average earning assets | $1,117,626 |
| Average equity | $179,843 |
| Average loans | $1,010,744 |
| Total Fiduciary and Related Assets (December 31, 2011) (Dollar figures in thousands) | |
| Total fiduciary and related assets | $1 |
| Number of Fiduciary Accounts and Related Asset Accounts | 1 |
| Fiduciary powers granted | Yes |
| Fiduciary or related activity | Yes |
| Managed Assets | $6,069 |
| Number of Accounts | 1 |
| Personal trust and agency accounts | $6,069 |
| Employee benefit-defined contribution accounts | $6,069 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $0 |
| Corporate trust and agency accounts | $0 |
| Investment management agency accounts | $0 |
| Other fiduciary accounts | $0 |
| Fiduciary accounts held in foreign offices | $0 |
| Non-managed Assets | $0 |
| Number of Accounts | 11 |
| Personal trust and agency accounts | $0 |
| Employee benefit-defined contribution accounts | $0 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $0 |
| Corporate trust and agency accounts | $0 |
| Other fiduciary accounts | $0 |
| Fiduciary accounts held in foreign offices | $0 |
| 7 Arizona Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 15799 | Meridian Bank, National Association | 2001 West Wickenburg Way, Wickenburg, AZ 85390 | May 01, 1978 | Full Service Brick and Mortar |  |
| 1 | 255051 | Fountain Hills Branch | 13404 North La Montana Drive, Fountain Hills, AZ 85268 | Febuary 17, 1981 | Full Service Brick and Mortar |  |
| 4 | 16712 | Arrowhead Branch | 7655 West Thunderbird Road, Peoria, AZ 85381 | August 02, 1982 | Full Service Brick and Mortar | |
| 6 | 358884 | Gilbert Branch | 845 North Gilbert Road, Gilbert, AZ 85234 | November 04, 2000 | Full Service Brick and Mortar | |
| 8 | 56289 | Central Avenue Banking Center Branch | 2700 North Central Avenue, Suite 110, Phoenix, AZ 85012 | March 11, 1996 | Full Service Brick and Mortar | |
| 10 | 425747 | Scottsdale Promenade Branch | 16435 N Scottsdale Rd, Scottsdale, AZ 85254 | Febuary 04, 2004 | Full Service Brick and Mortar | |
| 11 | 476627 | Gateway Branch | 1675 North 95th Lane, Phoenix, AZ 85040 | Febuary 01, 2008 | Full Service Brick and Mortar | |
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