Western Security Bank in Scottsdale, Arizona (AZ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 23, 2007

  • Western Security Bank in Scottsdale, Arizona (AZ)
  • Show street view No street view available for this location

Western Security Bank - Overview

  • General
  • FDIC Certificate #: 24445
    Status: Inactive
    Closing history: Absorption - Without Assistance
    Acquiring institution: First Fidelity Bank, National Association (#23473)
    Federal Reserve ID: 999663
    Date Established: April 25, 1983
    WWW: http://www.westernsecurity.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    FDIC's unique #: 16991
    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 25, 1983
    Last Structure Change Effective Date: June 23, 2007
    Last Structure Change Process Date: June 27, 2007
    Last Data Update: June 27, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 7401 East Camelback, Scottsdale, AZ 85251
    County: Maricopa
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: Dallas
    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: $210.2 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, 2006)

  • Dollar figures in thousands
  • 48Total employees (full-time equivalent)
  • $183,126Total assets
  • $7,223Cash and due from depository institutions
  • $343Interest-bearing balances
  • $199Securities
  • $31,670Federal funds sold & reverse repurchase agreements
  • $133,754Net loans & leases
  • $1,581Loan loss allowance
  • $0Trading account assets
  • $8,532Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,748All other assets
  • $183,126Total liabilities and capital
  • $164,317Total liabilities
  • $160,461Total deposits
  • $114,796Interest-bearing deposits
  • $160,461Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $3,000Other borrowed funds
  • $0Subordinated debt
  • $856All other liabilities
  • $18,809Total equity capital
  • $18,809Total bank equity capital
  • $18,809Perpetual preferred stock
  • $0Common stock
  • $4,420Surplus
  • $9,351Undivided profits
  • Memoranda
  • $5,038Noncurrent loans and leases
  • $29,989Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $644Average Assets, year-to-date
  • $165,966Average Assets, quarterly
  • $33,586Volatile liabilities
  • $202,308Insider loans
  • $189,471FHLB advances
  • $26,399Loans and leases held for sale
  • $3,557Unused loan commitments
  • $3,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $29,989Total unused commitments
  • $0Restructured Loans and leases
  • $1,581Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $14,647Total interest income
  • $4,850Total interest expense
  • $9,797Net interest income
  • $440Provision for loan and lease losses
  • $545Total noninterest income
  • $0Fiduciary activities
  • $307Service charges on deposit accounts
  • $0Trading account gains & fees
  • $238Additional noninterest income
  • $6,760Total noninterest expense
  • $4,073Salaries and employee benefits
  • $898Premises and equipment expense
  • $1,789Additional noninterest expense
  • $3,142Pre-tax net operating income
  • -$139Securities gains (losses)
  • $0Applicable income taxes
  • $3,003Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,003Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $344Sale, conversion, retirement of capital stock, net
  • $1,746Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.99%Yield on earning assets
  • 2.65%Cost of funding earning assets
  • 5.35%Net interest margin
  • 0.30%Noninterest income to earning assets
  • 3.69%Noninterest expense to earning assets
  • 1.55%Net operating income to assets
  • 1.48%Return on assets (ROA)
  • 1.48%Pretax return on assets
  • 16.82%Return on equity (ROE)
  • 7.04%Retained earnings to average equity (YTD only)
  • 0.24%Net charge-offs to loans
  • 127.91%Credit loss provision to net charge-offs
  • 10.41%Efficiency ratio
  • 65,365Assets per employee
  • 3.82%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 58.14%Loss allowance to loans
  • 1.17%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 83.36%Net loans and leases to core deposits
  • 97.59%Equity capital to assets
  • 10.27%Core capital (leverage) ratio
  • 9.83%Tier 1 risk-based capital ratio
  • 12.17%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $202,308Average earning assets
  • $17,851Average equity
  • $183,266Average loans

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