Towne Bank of Arizona in Mesa, Arizona (AZ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 07, 2010

  • Towne Bank of Arizona in Mesa, Arizona (AZ)
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Towne Bank of Arizona - Overview

  • General
  • FDIC Certificate #: 57697
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: Commerce Bank of Arizona (#57279)
    Federal Reserve ID: 3257047
    Date Established: April 01, 2004
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 420152
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: April 01, 2004
    Last Structure Change Effective Date: May 07, 2010
    Last Structure Change Process Date: May 11, 2010
    Last Data Update: May 11, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 3156 East Baseline Road, Mesa, AZ 85204
    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: $120.2 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, 2009)

  • Dollar figures in thousands
  • 25Total employees (full-time equivalent)
  • $127,515Total assets
  • $1,157Cash and due from depository institutions
  • $41Interest-bearing balances
  • $9,177Securities
  • $13,898Federal funds sold & reverse repurchase agreements
  • $76,410Net loans & leases
  • $4,411Loan loss allowance
  • $0Trading account assets
  • $331Bank premises and fixed assets
  • $25,522Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,020All other assets
  • $127,514Total liabilities and capital
  • $120,434Total liabilities
  • $113,643Total deposits
  • $106,310Interest-bearing deposits
  • $113,643Deposits held in domestic offices
  • 70.92%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $6,000Other borrowed funds
  • $0Subordinated debt
  • $791All other liabilities
  • $7,080Total equity capital
  • $7,080Total bank equity capital
  • $7,080Perpetual preferred stock
  • $0Common stock
  • $16,009Surplus
  • $19,630Undivided profits
  • Memoranda
  • $-28,559Noncurrent loans and leases
  • $2,254Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $10,639Earning assets
  • $0Long-term assets (5+ years)
  • $169Average Assets, year-to-date
  • $99,526Average Assets, quarterly
  • $13,139Volatile liabilities
  • $136,177Insider loans
  • $127,121FHLB advances
  • $88,386Loans and leases held for sale
  • $10Unused loan commitments
  • $6,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,254Total unused commitments
  • $1,405Restructured Loans and leases
  • $1,409Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $5,687Total interest income
  • $3,524Total interest expense
  • $2,163Net interest income
  • $9,013Provision for loan and lease losses
  • -$4,724Total noninterest income
  • $0Fiduciary activities
  • $22Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$4,746Additional noninterest income
  • $6,678Total noninterest expense
  • $2,456Salaries and employee benefits
  • $709Premises and equipment expense
  • $3,513Additional noninterest expense
  • -$18,252Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$18,252Income before extraordinary items
  • $0Extraordinary gains - net
  • -$18,252Net income attributable to bank
  • $0Net charge-offs
  • -$18,252Cash dividends
  • $13,406Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.01%Yield on earning assets
  • 3.10%Cost of funding earning assets
  • 1.90%Net interest margin
  • -4.16%Noninterest income to earning assets
  • 5.88%Noninterest expense to earning assets
  • -13.40%Net operating income to assets
  • -13.40%Return on assets (ROA)
  • -13.40%Pretax return on assets
  • -116.83%Return on equity (ROE)
  • -116.83%Retained earnings to average equity (YTD only)
  • 13.11%Net charge-offs to loans
  • 67.23%Credit loss provision to net charge-offs
  • -0.69%Efficiency ratio
  • -260,758Assets per employee
  • 5.10%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 5.46%Loss allowance to noncurrent loans
  • 41.46%Noncurrent assets plus other real estate owned to assets
  • 28.36%Noncurrent loans to loans
  • 13.16%Net loans and leases to deposits
  • 67.24%Net loans and leases to core deposits
  • 302.53%Equity capital to assets
  • 5.55%Core capital (leverage) ratio
  • 5.29%Tier 1 risk-based capital ratio
  • 6.32%Total risk-based capital ratio
  • Memoranda
  • $8Average assets
  • $136,177Average earning assets
  • $15,622Average equity
  • $113,580Average loans

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