First Arizona Savings, A FSB

Headquarters

17015 North Scottsdale Road, Suite 150
Scottsdale, AZ 85255
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

First Arizona Savings, A FSB is an FDIC insured institution located in Scottsdale, AZ. It was founded in 1988 and has approximately $0.26 billion in assets.

The Federal Deposit Insurance Corporation (FDIC) approved the payout of the insured deposits of First Arizona Savings, A FSB, Scottsdale, Arizona. The bank was closed October 22, 2010 by the Office of Thrift Supervision, which appointed the FDIC as receiver.

FDIC Insured Yes
FDIC Certificate # 32582
Date Established 1988
Assets $ 255.92 million
Loans $ 154.48 million
Deposits $ 190.62 million
Capital $ 2.10 million
 

For a more detailed analysis of First Arizona Savings, A FSB's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - September 24, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 24, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for First Arizona Savings, A FSB

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




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Note to First Arizona Savings, A FSB
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Branches

First Arizona Savings, A FSB 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:
Fairfield,Connecticut


First Arizona Savings, A FSB Locations


Financial Details

First Arizona Savings, A FSB Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Arizona Savings, A FSB. 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
First Arizona Savings, A FSB U.S. Bank Average
205.48% 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, First Arizona Savings, A FSB had $8,278,000 in non-current loans and $15,184,000 in owned real estate. To cover these potential losses it had $2,099,000 in equity and $9,319,000 in loans loss reserves. That gives it a Texas Ratio of 205.48%.

Return on Equity
First Arizona Savings, A FSB U.S. Bank Average
-233.62% 7.80%

First Arizona Savings, A FSB has a Return on Equity of -233.62% 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
First Arizona Savings, A FSB U.S. Bank Average
0.82% 12.68%

First Arizona Savings, A FSB has a Capitalization of 0.82% 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.

First Arizona Savings, A FSB Balance Sheet Analysis

As of November 30, -0001, First Arizona Savings, A FSB had assets of $255,920,000, loans of $154,479,000, and deposits of $190,615,000. 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 $ 154.48 million
Loan loss allowance $ 9.32 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 15.18 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 190.62 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 $ 255.92 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 First Arizona Savings, A FSB’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, First Arizona Savings, A FSB’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 First Arizona Savings, A Fsb

Branches and Savings

Is First Arizona Savings, A Fsb FDIC insured?

Yes. It is covered under FDIC Certificate #32582.

Why does First Arizona Savings, A Fsb pay such low interest on savings accounts?

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

Why are First Arizona Savings, A Fsb CD rates not competitive?

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

Is First Arizona Savings, A Fsb a commercial bank?

Yes

Where are First Arizona Savings, A Fsb locations?

See branch locations nearby.

Is First Arizona Savings, A Fsb open on Saturdays?

Is First Arizona Savings, A Fsb open on Sundays?

What time does First Arizona Savings, A Fsb open?

What time does First Arizona Savings, A Fsb close?

Are First Arizona Savings, A Fsb ATMs Open 24/7?

Do First Arizona Savings, A Fsb ATMs accept cash deposits?

Can First Arizona Savings, A Fsb customers use other ATMs?

Do First Arizona Savings, A Fsb branches have notaries?

Will First Arizona Savings, A Fsb notarize my document?

What address for First Arizona Savings, A Fsb should I put for incoming ACH transfers?

Will the First Arizona Savings, A Fsb branch print checks?

Do First Arizona Savings, A Fsb checks expire?

Does First Arizona Savings, A Fsb require US citizenship to open account?

Can First Arizona Savings, A Fsb close my account?

Does First Arizona Savings, A Fsb Report to credit bureaus?

Does First Arizona Savings, A Fsb Use Equifax?

What is First Arizona Savings, A Fsb's ACH Routing Number?

What is First Arizona Savings, A Fsb's SWIFT code?

Products

Does First Arizona Savings, A Fsb offer mortgages?

Compare mortgage rates here.

Does First Arizona Savings, A Fsb offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Arizona Savings, A Fsb offer personal loans?

Compare personal loan rates here.

Does First Arizona Savings, A Fsb offer student loans?

Will First Arizona Savings, A Fsb cash a check?

Will First Arizona Savings, A Fsb redeem a savings bond?

Does First Arizona Savings, A Fsb cash savings bonds?

Will First Arizona Savings, A Fsb cash money orders?

Can First Arizona Savings, A Fsb issue a money order?

Does First Arizona Savings, A Fsb do currency exchange?

Background on The Bank

Who owns First Arizona Savings, A Fsb?

How long has First Arizona Savings, A Fsb been around?

Can First Arizona Savings, A Fsb transfer to other banks?

Does First Arizona Savings, A Fsb have quick pay?

Does First Arizona Savings, A Fsb accept rolled coins?

Will First Arizona Savings, A Fsb accept loose change?

Where is First Arizona Savings, A Fsb headquarters?

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