Western National Bank in Phoenix, Arizona (AZ)

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Western National Bank routing number info

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Western National Bank
GeneralFDIC Certificate #: 57917
Status: Inactive
Closing history: Absorption - Assisted
Acquiring institution: Washington Federal (#28088)
Federal Reserve ID: 3307410
Date Established: Febuary 02, 2005
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 3 (Interstate: No)
FDIC's unique #: 430987
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: Febuary 02, 2005
Last Structure Change Effective Date: December 16, 2011
Last Structure Change Process Date: December 19, 2011
Last Data Update: December 19, 2011
Data Source Date: April 05, 2012
LocationAddress: 2525 East Camelback Road, Suite 100, Phoenix, AZ 85016
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: $162.9 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, 2010)
(Dollar figures in thousands)
Total employees (full-time equivalent)28
Total assets$200,846
Cash and due from depository institutions$17,164
Interest-bearing balances$16,502
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$163,738
Loan loss allowance $8,661
Trading account assets$0
Bank premises and fixed assets$1,232
Other real estate owned$7,032
Goodwill and other intangibles$37
All other assets$6,143
Life insurance assets$0
Total liabilities and capital$200,846
Total liabilities$193,194
Total deposits$163,668
Interest-bearing deposits$135,271
Deposits held in domestic offices$163,668
% insured (estimated)95.05%
Federal funds purchased & repurchase agreements $4,721
Trading liabilities$0
Other borrowed funds $24,000
Subordinated debt $0
All other liabilities $805
Total equity capital$7,652
Total bank equity capital$7,652
Perpetual preferred stock$7,652
Common stock$0
Undivided profits $12,919
Noncurrent loans and leases $-16,626
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $5,786
Income earned, not collected on loans $0
Earning assets $14,892
Long-term assets (5+ years) $0
Average Assets, year-to-date $747
Average Assets, quarterly $185,740
Volatile liabilities $6,413
Insider loans $221,472
FHLB advances $209,634
Loans and leases held for sale $78,003
Unused loan commitments $3,013
Tier 1 (core) risk-based capital $24,000
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $5,786
Restructured Loans and leases $1,962
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Income and Expense (December 31, 2010)
(Dollar figures in thousands)
Total interest income $10,433
Total interest expense $2,616
Net interest income $7,817
Provision for loan and lease losses $10,396
Total noninterest income $128
Fiduciary activities $0
Service charges on deposit accounts $129
Trading account gains & fees $0
Additional noninterest income -$1
Total noninterest expense $9,247
Salaries and employee benefits $2,635
Premises and equipment expense $1,244
Additional noninterest expense $5,368
Pre-tax net operating income -$11,698
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items -$11,698
Extraordinary gains - net $0
Net income attributable to bank -$11,698
Net charge-offs $0
Cash dividends -$11,698
Sale, conversion, retirement of capital stock, net $9,247
Net operating income $0
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Performance and Condition Ratios (December 31, 2010)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.04%
Cost of funding earning assets 1.26%
Net interest margin 3.77%
Noninterest income to earning assets 0.06%
Noninterest expense to earning assets 4.47%
Net operating income to assets -5.28%
Return on assets (ROA) -5.28%
Pretax return on assets -5.28%
Return on equity (ROE) -90.22%
Retained earnings to average equity (YTD only) -90.22%
Net charge-offs to loans 4.81%
Credit loss provision to net charge-offs 112.43%
Efficiency ratio-0.14%
Assets per employee$116,388
Cash dividends to net income (YTD only)7.17%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 5.02%
Noncurrent assets plus other real estate owned to assets 58.16%
Noncurrent loans to loans 10.92%
Net loans and leases to deposits8.64%
Net loans and leases to core deposits 100.04%
Equity capital to assets 147.66%
Core capital (leverage) ratio 3.81%
Tier 1 risk-based capital ratio 3.62%
Total risk-based capital ratio 4.35%
Average assets$6
Average earning assets$221,472
Average equity $12,966
Average loans $207,096
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