Western National Bank in Phoenix, Arizona (AZ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 16, 2011

Western National Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Summary
  • Total 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
  • 28Total employees (full-time equivalent)
  • $200,846Total assets
  • $17,164Cash and due from depository institutions
  • $16,502Interest-bearing balances
  • $5,500Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $163,738Net loans & leases
  • $8,661Loan loss allowance
  • $0Trading account assets
  • $1,232Bank premises and fixed assets
  • $7,032Other real estate owned
  • $37Goodwill and other intangibles
  • $0Life insurance assets
  • $6,143All other assets
  • $200,846Total liabilities and capital
  • $193,194Total liabilities
  • $163,668Total deposits
  • $135,271Interest-bearing deposits
  • $163,668Deposits held in domestic offices
  • 95.05%% insured (estimated)
  • $4,721Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $24,000Other borrowed funds
  • $0Subordinated debt
  • $805All other liabilities
  • $7,652Total equity capital
  • $7,652Total bank equity capital
  • $7,652Perpetual preferred stock
  • $0Common stock
  • $11,359Surplus
  • $12,919Undivided profits
  • Memoranda
  • $-16,626Noncurrent loans and leases
  • $5,786Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $14,892Earning assets
  • $0Long-term assets (5+ years)
  • $747Average Assets, year-to-date
  • $185,740Average Assets, quarterly
  • $6,413Volatile liabilities
  • $221,472Insider loans
  • $209,634FHLB advances
  • $78,003Loans and leases held for sale
  • $3,013Unused loan commitments
  • $24,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $5,786Total unused commitments
  • $1,962Restructured Loans and leases
  • $2,279Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $10,433Total interest income
  • $2,616Total interest expense
  • $7,817Net interest income
  • $10,396Provision for loan and lease losses
  • $128Total noninterest income
  • $0Fiduciary activities
  • $129Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$1Additional noninterest income
  • $9,247Total noninterest expense
  • $2,635Salaries and employee benefits
  • $1,244Premises and equipment expense
  • $5,368Additional noninterest expense
  • -$11,698Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$11,698Income before extraordinary items
  • $0Extraordinary gains - net
  • -$11,698Net income attributable to bank
  • $0Net charge-offs
  • -$11,698Cash dividends
  • $9,247Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.04%Yield on earning assets
  • 1.26%Cost of funding earning assets
  • 3.77%Net interest margin
  • 0.06%Noninterest income to earning assets
  • 4.47%Noninterest expense to earning assets
  • -5.28%Net operating income to assets
  • -5.28%Return on assets (ROA)
  • -5.28%Pretax return on assets
  • -90.22%Return on equity (ROE)
  • -90.22%Retained earnings to average equity (YTD only)
  • 4.81%Net charge-offs to loans
  • 112.43%Credit loss provision to net charge-offs
  • -0.14%Efficiency ratio
  • 116,388Assets per employee
  • 7.17%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 5.02%Loss allowance to noncurrent loans
  • 58.16%Noncurrent assets plus other real estate owned to assets
  • 10.92%Noncurrent loans to loans
  • 8.64%Net loans and leases to deposits
  • 100.04%Net loans and leases to core deposits
  • 147.66%Equity capital to assets
  • 3.81%Core capital (leverage) ratio
  • 3.62%Tier 1 risk-based capital ratio
  • 4.35%Total risk-based capital ratio
  • Memoranda
  • $6Average assets
  • $221,472Average earning assets
  • $12,966Average equity
  • $207,096Average loans

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