Towne Bank of Arizona in Mesa, Arizona (AZ)

Show street view No street view available for this location
Table of contents:
Towne Bank of Arizona
GeneralFDIC 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
LocationAddress: 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 SummaryTotal 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)
Total employees (full-time equivalent)25
Total assets$127,515
Cash and due from depository institutions$1,157
Interest-bearing balances$41
Federal funds sold & reverse repurchase agreements$13,898
Net loans & leases$76,410
Loan loss allowance $4,411
Trading account assets$0
Bank premises and fixed assets$331
Other real estate owned$25,522
Goodwill and other intangibles$0
All other assets$1,020
Life insurance assets$0
Total liabilities and capital$127,514
Total liabilities$120,434
Total deposits$113,643
Interest-bearing deposits$106,310
Deposits held in domestic offices$113,643
% insured (estimated)70.92%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $6,000
Subordinated debt $0
All other liabilities $791
Total equity capital$7,080
Total bank equity capital$7,080
Perpetual preferred stock$7,080
Common stock$0
Undivided profits $19,630
Noncurrent loans and leases $-28,559
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $2,254
Income earned, not collected on loans $0
Earning assets $10,639
Long-term assets (5+ years) $0
Average Assets, year-to-date $169
Average Assets, quarterly $99,526
Volatile liabilities $13,139
Insider loans $136,177
FHLB advances $127,121
Loans and leases held for sale $88,386
Unused loan commitments $10
Tier 1 (core) risk-based capital $6,000
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $2,254
Restructured Loans and leases $1,405
Back to page top, Back to table top

Income and Expense (December 31, 2009)
(Dollar figures in thousands)
Total interest income $5,687
Total interest expense $3,524
Net interest income $2,163
Provision for loan and lease losses $9,013
Total noninterest income -$4,724
Fiduciary activities $0
Service charges on deposit accounts $22
Trading account gains & fees $0
Additional noninterest income -$4,746
Total noninterest expense $6,678
Salaries and employee benefits $2,456
Premises and equipment expense $709
Additional noninterest expense $3,513
Pre-tax net operating income -$18,252
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items -$18,252
Extraordinary gains - net $0
Net income attributable to bank -$18,252
Net charge-offs $0
Cash dividends -$18,252
Sale, conversion, retirement of capital stock, net $13,406
Net operating income $0
Back to page top, Back to table top

Performance and Condition Ratios (December 31, 2009)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.01%
Cost of funding earning assets 3.10%
Net interest margin 1.90%
Noninterest income to earning assets -4.16%
Noninterest expense to earning assets 5.88%
Net operating income to assets -13.40%
Return on assets (ROA) -13.40%
Pretax return on assets -13.40%
Return on equity (ROE) -116.83%
Retained earnings to average equity (YTD only) -116.83%
Net charge-offs to loans 13.11%
Credit loss provision to net charge-offs 67.23%
Efficiency ratio-0.69%
Assets per employee-$260,758
Cash dividends to net income (YTD only)5.10%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 5.46%
Noncurrent assets plus other real estate owned to assets 41.46%
Noncurrent loans to loans 28.36%
Net loans and leases to deposits13.16%
Net loans and leases to core deposits 67.24%
Equity capital to assets 302.53%
Core capital (leverage) ratio 5.55%
Tier 1 risk-based capital ratio 5.29%
Total risk-based capital ratio 6.32%
Average assets$8
Average earning assets$136,177
Average equity $15,622
Average loans $113,580
Back to page top, Back to table top

User Contributions:

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 Towne Bank of Arizona.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.