Stearns Bank Arizona National Association in Scottsdale, Arizona (AZ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 28, 2007

  • Stearns Bank Arizona National Association in Scottsdale, Arizona (AZ)
  • Show street view No street view available for this location

Stearns Bank Arizona National Association - Overview

  • General
  • FDIC Certificate #: 34431
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Stearns Bank National Association (#10988)
    Federal Reserve ID: 2572109
    Date Established: July 21, 1997
    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 #: 57194
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: July 21, 1997
    Last Structure Change Effective Date: December 28, 2007
    Last Structure Change Process Date: January 08, 2008
    Last Data Update: January 08, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 9225 East Shea Boulevard, Scottsdale, AZ 85260
    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)
  • Financial Summary
  • Total assets: $185.8 mil

1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2006)

  • Dollar figures in thousands
  • 40Total employees (full-time equivalent)
  • $218,168Total assets
  • $8,448Cash and due from depository institutions
  • $15Interest-bearing balances
  • $2,203Securities
  • $27,150Federal funds sold & reverse repurchase agreements
  • $175,065Net loans & leases
  • $9,003Loan loss allowance
  • $0Trading account assets
  • $2,027Bank premises and fixed assets
  • $1,537Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,738All other assets
  • $218,168Total liabilities and capital
  • $192,631Total liabilities
  • $192,258Total deposits
  • $146,776Interest-bearing deposits
  • $192,258Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $373All other liabilities
  • $25,537Total equity capital
  • $25,537Total bank equity capital
  • $25,537Perpetual preferred stock
  • $0Common stock
  • $522Surplus
  • $4,607Undivided profits
  • Memoranda
  • $20,408Noncurrent loans and leases
  • $35,383Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,552Earning assets
  • $1,547Long-term assets (5+ years)
  • $1,060Average Assets, year-to-date
  • $204,433Average Assets, quarterly
  • $4,352Volatile liabilities
  • $212,992Insider loans
  • $215,706FHLB advances
  • $19,490Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $35,383Total unused commitments
  • $0Restructured Loans and leases
  • $2,637Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $21,849Total interest income
  • $6,602Total interest expense
  • $15,247Net interest income
  • $4,100Provision for loan and lease losses
  • $1,960Total noninterest income
  • $0Fiduciary activities
  • $78Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,882Additional noninterest income
  • $5,712Total noninterest expense
  • $3,465Salaries and employee benefits
  • $424Premises and equipment expense
  • $1,823Additional noninterest expense
  • $7,395Pre-tax net operating income
  • $0Securities gains (losses)
  • $2Applicable income taxes
  • $7,393Income before extraordinary items
  • $0Extraordinary gains - net
  • $7,393Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1,238Sale, conversion, retirement of capital stock, net
  • $850Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 10.80%Yield on earning assets
  • 3.26%Cost of funding earning assets
  • 7.54%Net interest margin
  • 0.97%Noninterest income to earning assets
  • 2.82%Noninterest expense to earning assets
  • 3.47%Net operating income to assets
  • 3.47%Return on assets (ROA)
  • 3.47%Pretax return on assets
  • 32.61%Return on equity (ROE)
  • 28.86%Retained earnings to average equity (YTD only)
  • 0.70%Net charge-offs to loans
  • 331.18%Credit loss provision to net charge-offs
  • 9.29%Efficiency ratio
  • 33,196Assets per employee
  • 5.45%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 11.50%Loss allowance to loans
  • 4.89%Loss allowance to noncurrent loans
  • 580.09%Noncurrent assets plus other real estate owned to assets
  • 1.42%Noncurrent loans to loans
  • 0.84%Net loans and leases to deposits
  • 91.06%Net loans and leases to core deposits
  • 101.33%Equity capital to assets
  • 11.71%Core capital (leverage) ratio
  • 11.61%Tier 1 risk-based capital ratio
  • 12.52%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $212,992Average earning assets
  • $22,669Average equity
  • $202,314Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Stearns Bank Arizona National Association.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents