Mission Bank in Kingman, Arizona (AZ)
| Mission Bank | |
|---|---|
| General | FDIC Certificate #: 57137 Status: Active Federal Reserve ID: 2963275 Bank Holding Company (Regulatory Top Holder): Community Bancshares, Inc. (RSSDID: 3392443, Location: Kingman, AZ) Date Established: April 30, 2001 WWW: http://www.missionbankaz.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Domestic: 3, Interstate: No) FDIC's unique #: 358471 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: April 30, 2001 Last Structure Change Effective Date: December 13, 2010 Last Structure Change Process Date: December 13, 2010 Last Data Update: December 13, 2010 Data Source Date: April 05, 2012 |
| Location | Address: 2439 Hualapai Mountain Road, Kingman, AZ 86401 County: Mohave 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): Las Vegas, NV-AZ (#4120) Core Based Statistical Area (CBSA): Lake Havasu City-Kingman, AZ (#29420) CBSA Metro Statistical Area: Lake Havasu City-Kingman, AZ (#29420) |
| History of Changes | Name Change |
| Financial Summary | Total assets: $89.6 mil Equity capital: $9.7 mil Deposits held in domestic offices: $78.6 mil Return on assets (ROA): 0.46% ($0.4 mil) Quarterly return on assets: 0.59% ($0.5 mil) Return on Equity (ROE): 4.46% ($0.4 mil) Quarterly return on equity: 5.56% ($0.6 mil) Net income: $0.4 mil Quarterly Net income: $0.1 mil Pretax return on assets: 0.58% ($519.7 mil) Quarterly Pretax return on assets: 0.41% ($367.3 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 30 |
| Total assets | $89,597 |
| Cash and due from depository institutions | $10,634 |
| Interest-bearing balances | $6,907 |
| Securities | $5,127 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $68,773 |
| Loan loss allowance | $989 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $2,483 |
| Other real estate owned | $1,403 |
| Goodwill and other intangibles | $0 |
| All other assets | $1,177 |
| Life insurance assets | $89,597 |
| Total liabilities and capital | $79,891 |
| Total liabilities | $78,621 |
| Total deposits | $63,687 |
| Interest-bearing deposits | $78,621 |
| Deposits held in domestic offices | $97 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $1,000 |
| Other borrowed funds | $0 |
| Subordinated debt | $270 |
| All other liabilities | $9,706 |
| Total equity capital | $9,706 |
| Total bank equity capital | $9,706 |
| Perpetual preferred stock | $0 |
| Common stock | $5,425 |
| Surplus | $2,886 |
| Undivided profits | $1,395 |
| 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 | $727 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $291 |
| Average Assets, year-to-date | $80,807 |
| Average Assets, quarterly | $9,649 |
| Volatile liabilities | $91,822 |
| Insider loans | $90,100 |
| FHLB advances | $78,009 |
| Loans and leases held for sale | $90,714 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $9,545 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $10,373 |
| Derivatives | $4,045 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $4,569 |
| Total interest expense | $932 |
| Net interest income | $3,637 |
| Provision for loan and lease losses | $112 |
| Total noninterest income | $406 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $180 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $226 |
| Total noninterest expense | $3,401 |
| Salaries and employee benefits | $1,842 |
| Premises and equipment expense | $281 |
| Additional noninterest expense | $1,278 |
| Pre-tax net operating income | $530 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $108 |
| Income before extraordinary items | $422 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $422 |
| Net charge-offs | $0 |
| Cash dividends | $422 |
| Sale, conversion, retirement of capital stock, net | $171 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.43% |
| Cost of funding earning assets | 1.11% |
| Net interest margin | 4.32% |
| Noninterest income to earning assets | 0.48% |
| Noninterest expense to earning assets | 4.04% |
| Net operating income to assets | 0.46% |
| Return on assets (ROA) | 0.46% |
| Pretax return on assets | 0.58% |
| Return on equity (ROE) | 4.46% |
| Retained earnings to average equity (YTD only) | 4.46% |
| Net charge-offs to loans | 0.25% |
| Credit loss provision to net charge-offs | 65.50% |
| Efficiency ratio | 3.75% |
| Assets per employee | $84,121 |
| Cash dividends to net income (YTD only) | 2.99% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 1.42% |
| Noncurrent assets plus other real estate owned to assets | 136.04% |
| Noncurrent loans to loans | 2.38% |
| Net loans and leases to deposits | 1.04% |
| Net loans and leases to core deposits | 87.47% |
| Equity capital to assets | 95.07% |
| Core capital (leverage) ratio | 10.83% |
| Tier 1 risk-based capital ratio | 10.52% |
| Total risk-based capital ratio | 12.24% |
| Memoranda | |
| Average assets | $13 |
| Average earning assets | $91,822 |
| Average equity | $9,456 |
| Average loans | $84,207 |
| 3 Arizona Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 358471 | Mission Bank | 2439 Hualapai Mountain Road, Kingman, AZ 86401 | April 30, 2001 | Full Service Brick and Mortar |  |
| 1 | 452946 | Bullhead City Branch | 1455 Palma Way, Bullhead City, AZ 86442 | April 10, 2006 | Full Service Brick and Mortar |  |
| 2 | 465861 | Northern Branch | 1370 East Northern Avenue, Kingman, AZ 86409 | August 21, 2006 | Full Service Retail | |
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