Union Bank, National Association in Gilbert, Arizona (AZ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 14, 2009

  • Union Bank, National Association in Gilbert, Arizona (AZ)
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Union Bank, National Association - Overview

  • General
  • FDIC Certificate #: 34485
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: MidFirst Bank (#4063)
    Federal Reserve ID: 2608790
    Date Established: May 01, 1998
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 4 (Interstate: No)
    FDIC's unique #: 57676
    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: May 01, 1998
    Last Structure Change Effective Date: August 14, 2009
    Last Structure Change Process Date: August 17, 2009
    Last Data Update: August 17, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 3631 East Baseline Road, Gilbert, AZ 85234
    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)
  • History of Changes
  • Absorption - Assisted
  • Financial Summary
  • Total assets: $119.5 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, 2008)

  • Dollar figures in thousands
  • 20Total employees (full-time equivalent)
  • $136,145Total assets
  • $7,494Cash and due from depository institutions
  • $7,150Interest-bearing balances
  • $5,824Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $89,844Net loans & leases
  • $4,951Loan loss allowance
  • $0Trading account assets
  • $15,032Bank premises and fixed assets
  • $11,459Other real estate owned
  • $0Goodwill and other intangibles
  • $1,000Life insurance assets
  • $6,492All other assets
  • $136,145Total liabilities and capital
  • $125,671Total liabilities
  • $119,049Total deposits
  • $112,861Interest-bearing deposits
  • $119,049Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $6,000Other borrowed funds
  • $0Subordinated debt
  • $622All other liabilities
  • $10,474Total equity capital
  • $10,474Total bank equity capital
  • $10,474Perpetual preferred stock
  • $0Common stock
  • $3,600Surplus
  • $9,461Undivided profits
  • Memoranda
  • $-2,587Noncurrent loans and leases
  • $9,229Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $10,159Earning assets
  • $0Long-term assets (5+ years)
  • $703Average Assets, year-to-date
  • $102,818Average Assets, quarterly
  • $35,569Volatile liabilities
  • $139,204Insider loans
  • $140,981FHLB advances
  • $37,179Loans and leases held for sale
  • $2,165Unused loan commitments
  • $6,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $9,229Total unused commitments
  • $0Restructured Loans and leases
  • $1,511Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $9,153Total interest income
  • $5,139Total interest expense
  • $4,014Net interest income
  • $7,342Provision for loan and lease losses
  • $359Total noninterest income
  • $0Fiduciary activities
  • $214Service charges on deposit accounts
  • $0Trading account gains & fees
  • $145Additional noninterest income
  • $3,540Total noninterest expense
  • $1,582Salaries and employee benefits
  • $403Premises and equipment expense
  • $1,555Additional noninterest expense
  • -$6,509Pre-tax net operating income
  • $0Securities gains (losses)
  • -$2,475Applicable income taxes
  • -$4,034Income before extraordinary items
  • $0Extraordinary gains - net
  • -$4,034Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $4,585Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.85%Yield on earning assets
  • 4.41%Cost of funding earning assets
  • 3.44%Net interest margin
  • 0.31%Noninterest income to earning assets
  • 3.03%Noninterest expense to earning assets
  • -2.90%Net operating income to assets
  • -2.90%Return on assets (ROA)
  • -4.68%Pretax return on assets
  • -33.26%Return on equity (ROE)
  • -33.26%Retained earnings to average equity (YTD only)
  • 4.07%Net charge-offs to loans
  • 160.13%Credit loss provision to net charge-offs
  • 0.18%Efficiency ratio
  • 80,951Assets per employee
  • 6.81%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 5.22%Loss allowance to noncurrent loans
  • 48.74%Noncurrent assets plus other real estate owned to assets
  • 15.88%Noncurrent loans to loans
  • 10.72%Net loans and leases to deposits
  • 75.47%Net loans and leases to core deposits
  • 102.25%Equity capital to assets
  • 7.69%Core capital (leverage) ratio
  • 6.25%Tier 1 risk-based capital ratio
  • 7.66%Total risk-based capital ratio
  • Memoranda
  • $9Average assets
  • $139,204Average earning assets
  • $12,129Average equity
  • $116,659Average loans

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