FDIC Certificate #: 22314 Status: Inactive Federal Reserve ID: 22860 Date Established: August 05, 1976 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Interstate: No) FDIC's unique #: 15523 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: August 05, 1976 Last Structure Change Effective Date: Febuary 07, 2002 Last Structure Change Process Date: Febuary 08, 2002 Last Data Update: Febuary 08, 2002 Data Source Date: April 05, 2012
Location
Address: 4129 East Van Buren, Suite 200, Phoenix, AZ 85008 County: Maricopa Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: San Francisco 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
Financial Difficulty - Payoff
Financial Summary
Total assets: $700.2 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2001)
Dollar figures in thousands
0Total employees (full-time equivalent)
$700,180Total assets
$916Cash and due from depository institutions
$0Interest-bearing balances
$63,321Securities
$0Federal funds sold & reverse repurchase agreements
$225,912Net loans & leases
$50,712Loan loss allowance
$235,824Trading account assets
$10,698Bank premises and fixed assets
$0Other real estate owned
$547Goodwill and other intangibles
$0Life insurance assets
$162,962All other assets
$700,180Total liabilities and capital
$634,735Total liabilities
$551,297Total deposits
$540,379Interest-bearing deposits
$551,297Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$64,000Other borrowed funds
$0Subordinated debt
$19,438All other liabilities
$65,445Total equity capital
$65,445Total bank equity capital
$65,445Perpetual preferred stock
$0Common stock
$1,002Surplus
$197,606Undivided profits
Memoranda
$-133,163Noncurrent loans and leases
$1,547,279Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$13,820Earning assets
$0Long-term assets (5+ years)
$4,689Average Assets, year-to-date
$525,057Average Assets, quarterly
$0Volatile liabilities
$826,452Insider loans
$804,613FHLB advances
$604,379Loans and leases held for sale
$185Unused loan commitments
$64,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,547,279Total unused commitments
$0Restructured Loans and leases
$27,096Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$117,400Total interest income
$32,752Total interest expense
$84,648Net interest income
$67,179Provision for loan and lease losses
$39,601Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
-$46,027Trading account gains & fees
$85,628Additional noninterest income
$148,024Total noninterest expense
$0Salaries and employee benefits
$3,536Premises and equipment expense
$144,488Additional noninterest expense
-$90,954Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$90,954Income before extraordinary items
$0Extraordinary gains - net
-$90,954Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$25,369Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
17.50%Yield on earning assets
4.88%Cost of funding earning assets
12.62%Net interest margin
5.90%Noninterest income to earning assets
22.07%Noninterest expense to earning assets
-11.01%Net operating income to assets
-11.01%Return on assets (ROA)
-11.01%Pretax return on assets
-67.16%Return on equity (ROE)
-67.16%Retained earnings to average equity (YTD only)
5.62%Net charge-offs to loans
264.81%Credit loss provision to net charge-offs
-0.94%Efficiency ratio
114,691Assets per employee
0.00%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
18.33%Loss allowance to noncurrent loans
366.95%Noncurrent assets plus other real estate owned to assets
1.97%Noncurrent loans to loans
5.00%Net loans and leases to deposits
40.98%Net loans and leases to core deposits
2069.17%Equity capital to assets
9.35%Core capital (leverage) ratio
8.38%Tier 1 risk-based capital ratio
3.03%Total risk-based capital ratio
Memoranda
$4Average assets
$826,452Average earning assets
$135,426Average equity
$670,808Average loans
Bank Assets Sold and Securitized (December 31, 2001)
Dollar figures in thousands
Principal balance with servicing or other recourse retained
$01-4 family residential loans
$0Home equity lines
$1,471,000Credit cards receivables
$0Auto loans
$0Other consumer loans
$0Commercial and industrial loans
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