Mohave State Bank in Lake Havasu City, Arizona (AZ)
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| Mohave State Bank | |
|---|---|
| General | FDIC Certificate #: 33508 Status: Active Federal Reserve ID: 1897270 Bank Holding Company (Regulatory Top Holder): State Bank Corp. (RSSDID: 3198935, Location: Lake Havasu City, AZ) Date Established: October 15, 1991 WWW: http://www.mohavestbank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 6 (Domestic: 6, Interstate: No) FDIC's unique #: 47256 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: October 15, 1991 Last Structure Change Effective Date: July 22, 2010 Last Structure Change Process Date: July 22, 2010 Last Data Update: July 22, 2010 Data Source Date: April 05, 2012 |
| Location | Address: 1771 Mcculloch Boulevard, Lake Havasu City, AZ 86405 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) |
| Financial Summary | Total assets: $282.8 mil Equity capital: $28.0 mil Deposits held in domestic offices: $243.7 mil Return on assets (ROA): 0.22% ($0.6 mil) Quarterly return on assets: 0.22% ($0.6 mil) Return on Equity (ROE): 2.46% ($0.7 mil) Quarterly return on equity: 2.27% ($0.6 mil) Net income: $0.7 mil Quarterly Net income: $0.2 mil Pretax return on assets: 0.22% ($622.2 mil) Quarterly Pretax return on assets: 0.22% ($622.2 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 78 |
| Total assets | $282,833 |
| Cash and due from depository institutions | $16,359 |
| Interest-bearing balances | $10,970 |
| Securities | $30,456 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $197,223 |
| Loan loss allowance | $5,172 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $10,507 |
| Other real estate owned | $18,362 |
| Goodwill and other intangibles | $32 |
| All other assets | $9,894 |
| Life insurance assets | $282,832 |
| Total liabilities and capital | $254,846 |
| Total liabilities | $243,745 |
| Total deposits | $195,343 |
| Interest-bearing deposits | $243,745 |
| Deposits held in domestic offices | $95 |
| % insured (estimated) | 8522.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $2,000 |
| Other borrowed funds | $0 |
| Subordinated debt | $579 |
| All other liabilities | $27,986 |
| Total equity capital | $27,986 |
| Total bank equity capital | $27,986 |
| Perpetual preferred stock | $0 |
| Common stock | $25,255 |
| Surplus | $0 |
| Undivided profits | $2,731 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $2,409 |
| Income earned, not collected on loans | $14,283 |
| Earning assets | $40 |
| Long-term assets (5+ years) | $610 |
| Average Assets, year-to-date | $238,649 |
| Average Assets, quarterly | $26,510 |
| Volatile liabilities | $297,179 |
| Insider loans | $286,401 |
| FHLB advances | $238,140 |
| Loans and leases held for sale | $290,781 |
| Unused loan commitments | $5,388 |
| Tier 1 (core) risk-based capital | $2,996 |
| Tier 2 risk-based capital | $27,315 |
| Total risk weighted assets | $1,028 |
| Total unused commitments | $1,364 |
| Restructured Loans and leases | $13,324 |
| Derivatives | $2,906 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $13,002 |
| Total interest expense | $1,694 |
| Net interest income | $11,308 |
| Provision for loan and lease losses | $696 |
| Total noninterest income | -$756 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $498 |
| Trading account gains & fees | $0 |
| Additional noninterest income | -$1,254 |
| Total noninterest expense | $9,192 |
| Salaries and employee benefits | $4,585 |
| Premises and equipment expense | $493 |
| Additional noninterest expense | $4,114 |
| Pre-tax net operating income | $664 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $664 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $664 |
| Net charge-offs | $0 |
| Cash dividends | $664 |
| Sale, conversion, retirement of capital stock, net | $3,795 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.13% |
| Cost of funding earning assets | 0.67% |
| Net interest margin | 4.46% |
| Noninterest income to earning assets | -0.30% |
| Noninterest expense to earning assets | 3.63% |
| Net operating income to assets | 0.22% |
| Return on assets (ROA) | 0.22% |
| Pretax return on assets | 0.22% |
| Return on equity (ROE) | 2.46% |
| Retained earnings to average equity (YTD only) | 2.46% |
| Net charge-offs to loans | 1.82% |
| Credit loss provision to net charge-offs | 18.34% |
| Efficiency ratio | 0.36% |
| Assets per employee | $87,111 |
| Cash dividends to net income (YTD only) | 3.63% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 2.56% |
| Noncurrent assets plus other real estate owned to assets | 36.21% |
| Noncurrent loans to loans | 11.54% |
| Net loans and leases to deposits | 7.06% |
| Net loans and leases to core deposits | 80.91% |
| Equity capital to assets | 83.31% |
| Core capital (leverage) ratio | 9.89% |
| Tier 1 risk-based capital ratio | 9.39% |
| Total risk-based capital ratio | 11.47% |
| Memoranda | |
| Average assets | $13 |
| Average earning assets | $297,179 |
| Average equity | $27,045 |
| Average loans | $253,442 |
| 6 Arizona Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 47256 | Mohave State Bank | 1771 Mcculloch Boulevard, Lake Havasu City, AZ 86405 | October 15, 1991 | Full Service Brick and Mortar |  |
| 2 | 289689 | Stockton Hill Road Branch | 3737 Stockton Hill Road, Kingman, AZ 86401 | November 01, 1994 | Full Service Brick and Mortar |  |
| 3 | 289690 | Bullhead City Branch | 3651 Highway 95, Bullhead City, AZ 86442 | Febuary 22, 1999 | Full Service Brick and Mortar | |
| 4 | 419306 | Lake Havasu Avenue Branch | 1021 North Lake Havasu Avenue, Lake Havasu City, AZ 86403 | March 17, 2003 | Full Service Brick and Mortar | |
| 5 | 467596 | Yuma Branch | 1800 S 4th Ave, Yuma, AZ 85364 | September 04, 2007 | Full Service Brick and Mortar | |
| 7 | 479878 | Kingman Haulapai Office Branch | 2202 Haulapai Mountain Road, Kingman, AZ 86401 | December 10, 2007 | Full Service Brick and Mortar | |
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