Desert Hills Bank

Headquarters

3001 East Camelback Road
Phoenix, AZ 85016
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Desert Hills Bank is an FDIC insured institution located in Phoenix, AZ. It was founded in 2000 and has approximately $0.5 billion in assets.

Desert Hills Bank, Phoenix, Arizona, was closed March 26 2010 by the Arizona Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with New York Community Bank, Westbury, New York, to assume all of the deposits of Desert Hills Bank.

FDIC Insured Yes
FDIC Certificate # 57060
Date Established 2000
Assets $ 496.55 million
Loans $ 333.82 million
Deposits $ 426.47 million
Capital $ 22.70 million
 

For a more detailed analysis of Desert Hills Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - September 26, 2020

Your Current Location: Virginia, VA 20146


Loan Rates - September 26, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Desert Hills Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.998% 3.875% 1.00 $3,750 $1,176 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.815% 2.750% 0.88 $2,102 $1,021 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info

Note to Desert Hills Bank
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Branches

Desert Hills Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Desert Hills Bank Locations


Financial Details

Desert Hills Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Desert Hills Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Desert Hills Bank U.S. Bank Average
45.67% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Desert Hills Bank had $14,562,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $22,695,000 in equity and $9,193,000 in loans loss reserves. That gives it a Texas Ratio of 45.67%.

Return on Equity
Desert Hills Bank U.S. Bank Average
-36.46% 7.80%

Desert Hills Bank has a Return on Equity of -36.46% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Desert Hills Bank U.S. Bank Average
4.57% 12.68%

Desert Hills Bank has a Capitalization of 4.57% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Desert Hills Bank Balance Sheet Analysis

As of November 30, -0001, Desert Hills Bank had assets of $496,552,000, loans of $333,817,000, and deposits of $426,473,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 333.82 million
Loan loss allowance $ 9.19 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 426.47 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 496.55 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Desert Hills Bank’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Desert Hills Bank’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Desert Hills Bank

Branches and Savings

Is Desert Hills Bank FDIC insured?

Yes. It is covered under FDIC Certificate #57060.

Why does Desert Hills Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Desert Hills Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Desert Hills Bank a commercial bank?

Yes

Where are Desert Hills Bank locations?

See branch locations nearby.

Is Desert Hills Bank open on Saturdays?

Is Desert Hills Bank open on Sundays?

What time does Desert Hills Bank open?

What time does Desert Hills Bank close?

Are Desert Hills Bank ATMs Open 24/7?

Do Desert Hills Bank ATMs accept cash deposits?

Can Desert Hills Bank customers use other ATMs?

Do Desert Hills Bank branches have notaries?

Will Desert Hills Bank notarize my document?

What address for Desert Hills Bank should I put for incoming ACH transfers?

Will the Desert Hills Bank branch print checks?

Do Desert Hills Bank checks expire?

Does Desert Hills Bank require US citizenship to open account?

Can Desert Hills Bank close my account?

Does Desert Hills Bank Report to credit bureaus?

Does Desert Hills Bank Use Equifax?

What is Desert Hills Bank's ACH Routing Number?

What is Desert Hills Bank's SWIFT code?

Products

Does Desert Hills Bank offer mortgages?

Compare mortgage rates here.

Does Desert Hills Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Desert Hills Bank offer personal loans?

Compare personal loan rates here.

Does Desert Hills Bank offer student loans?

Will Desert Hills Bank cash a check?

Will Desert Hills Bank redeem a savings bond?

Does Desert Hills Bank cash savings bonds?

Will Desert Hills Bank cash money orders?

Can Desert Hills Bank issue a money order?

Does Desert Hills Bank do currency exchange?

Background on The Bank

Who owns Desert Hills Bank?

How long has Desert Hills Bank been around?

Can Desert Hills Bank transfer to other banks?

Does Desert Hills Bank have quick pay?

Does Desert Hills Bank accept rolled coins?

Will Desert Hills Bank accept loose change?

Where is Desert Hills Bank headquarters?

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