Metro Phoenix Bank in Phoenix, Arizona (AZ)
| Metro Phoenix Bank | |
|---|---|
| General | FDIC Certificate #: 58402 Status: Active Federal Reserve ID: 3634394 Date Established: September 13, 2007 WWW: http://www.metrophoenixbank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 450889 Numeric code: 21 Regulator: FDIC 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: September 13, 2007 Last Structure Change Effective Date: July 14, 2009 Last Structure Change Process Date: July 14, 2009 Last Data Update: July 14, 2009 Data Source Date: April 05, 2012 |
| Location | Address: 4686 E. Van Buren, Suite 150, Phoenix, AZ 85008 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) |
| History of Changes | Change in Location |
| Financial Summary | Total assets: $63.2 mil Equity capital: $8.4 mil Deposits held in domestic offices: $54.3 mil Return on assets (ROA): -0.72% (-$0.5 mil) Quarterly return on assets: -0.36% (-$0.2 mil) Return on Equity (ROE): -5.32% (-$0.4 mil) Quarterly return on equity: -2.74% (-$0.2 mil) Net income: -$0.5 mil Quarterly Net income: -$0.1 mil Pretax return on assets: -0.72% (-$454.8 mil) Quarterly Pretax return on assets: -0.36% (-$227.4 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 22 |
| Total assets | $63,162 |
| Cash and due from depository institutions | $7,008 |
| Interest-bearing balances | $697 |
| Securities | $0 |
| Federal funds sold & reverse repurchase agreements | $12,393 |
| Net loans & leases | $41,280 |
| Loan loss allowance | $2,154 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $498 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $1,983 |
| Life insurance assets | $63,162 |
| Total liabilities and capital | $54,721 |
| Total liabilities | $54,330 |
| Total deposits | $46,165 |
| Interest-bearing deposits | $54,330 |
| Deposits held in domestic offices | $86 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $391 |
| All other liabilities | $8,441 |
| Total equity capital | $8,441 |
| Total bank equity capital | $8,441 |
| Perpetual preferred stock | $0 |
| Common stock | $19,758 |
| Surplus | $984 |
| Undivided profits | $-12,301 |
| 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 | $2,761 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $203 |
| Average Assets, year-to-date | $54,370 |
| Average Assets, quarterly | $7,506 |
| Volatile liabilities | $65,695 |
| Insider loans | $64,557 |
| FHLB advances | $43,278 |
| Loans and leases held for sale | $65,963 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $8,441 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $4,317 |
| Derivatives | $3,075 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $2,999 |
| Total interest expense | $535 |
| Net interest income | $2,464 |
| Provision for loan and lease losses | $814 |
| Total noninterest income | $2,459 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $218 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $2,241 |
| Total noninterest expense | $4,577 |
| Salaries and employee benefits | $2,209 |
| Premises and equipment expense | $431 |
| Additional noninterest expense | $1,937 |
| Pre-tax net operating income | -$468 |
| Securities gains (losses) | -$7 |
| Applicable income taxes | $0 |
| Income before extraordinary items | -$475 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$475 |
| Net charge-offs | $0 |
| Cash dividends | -$475 |
| Sale, conversion, retirement of capital stock, net | $569 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.14% |
| Cost of funding earning assets | 0.92% |
| Net interest margin | 4.23% |
| Noninterest income to earning assets | 4.22% |
| Noninterest expense to earning assets | 7.85% |
| Net operating income to assets | -0.71% |
| Return on assets (ROA) | -0.72% |
| Pretax return on assets | -0.72% |
| Return on equity (ROE) | -5.32% |
| Retained earnings to average equity (YTD only) | -5.32% |
| Net charge-offs to loans | 1.15% |
| Credit loss provision to net charge-offs | 143.06% |
| Efficiency ratio | 0.61% |
| Assets per employee | $92,972 |
| Cash dividends to net income (YTD only) | 2.87% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 4.96% |
| Noncurrent assets plus other real estate owned to assets | 78.02% |
| Noncurrent loans to loans | 4.37% |
| Net loans and leases to deposits | 6.36% |
| Net loans and leases to core deposits | 75.98% |
| Equity capital to assets | 90.34% |
| Core capital (leverage) ratio | 13.36% |
| Tier 1 risk-based capital ratio | 12.80% |
| Total risk-based capital ratio | 19.50% |
| Memoranda | |
| Average assets | $21 |
| Average earning assets | $65,695 |
| Average equity | $8,936 |
| Average loans | $58,319 |
| 1 Arizona Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 450889 | Metro Phoenix Bank | 4686 E. Van Buren, Suite 150, Phoenix, AZ 85008 | September 13, 2007 | Full Service Brick and Mortar |  |
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