FirstBank of Arizona, Inc.

Headquarters

2525 East Camelback Road, Suite 115
Phoenix, AZ 85016
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.95% →
1-Year CD N.A. 1.01% →
2-Year CD N.A. 0.95% →
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

FirstBank of Arizona, Inc. is an FDIC insured institution located in Phoenix, AZ. It was founded in 2007 and has approximately $0.15 billion in assets.

FDIC Insured Yes
FDIC Certificate # 58044
Date Established 2007
Assets $ 149.15 million
Loans $ 96.47 million
Deposits $ 117.15 million
Capital $ 31.48 million
 

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

Deposit Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for FirstBank of Arizona, Inc.

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




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

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Payment
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Rocket Mortgage
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.569% 2.500% 0.88 $2,258 $988 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
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2.240 %
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Note to FirstBank of Arizona, Inc.
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Branches

FirstBank of Arizona, Inc. 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


FirstBank of Arizona, Inc. Locations


Financial Details

FirstBank of Arizona, Inc. Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of FirstBank of Arizona, Inc.. 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
FirstBank of Arizona, Inc. U.S. Bank Average
5.95% 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, FirstBank of Arizona, Inc. had $1,566,000 in non-current loans and $441,000 in owned real estate. To cover these potential losses it had $31,480,000 in equity and $2,275,000 in loans loss reserves. That gives it a Texas Ratio of 5.95%.

Return on Equity
FirstBank of Arizona, Inc. U.S. Bank Average
-4.78% 7.80%

FirstBank of Arizona, Inc. has a Return on Equity of -4.78% 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
FirstBank of Arizona, Inc. U.S. Bank Average
21.11% 12.68%

FirstBank of Arizona, Inc. has a Capitalization of 21.11% 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.

FirstBank of Arizona, Inc. Balance Sheet Analysis

As of March 31, 2011, FirstBank of Arizona, Inc. had assets of $149,152,000, loans of $96,470,000, and deposits of $117,149,000. 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 $ 96.47 million
Loan loss allowance $ 2.28 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.44 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 117.15 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 $ 149.15 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 FirstBank of Arizona, Inc.’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, FirstBank of Arizona, Inc.’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 Firstbank Of Arizona, Inc.

Branches and Savings

Is Firstbank Of Arizona, Inc. FDIC insured?

Yes. It is covered under FDIC Certificate #58044.

Why does Firstbank Of Arizona, Inc. pay such low interest on savings accounts?

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

Why are Firstbank Of Arizona, Inc. CD rates not competitive?

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

Is Firstbank Of Arizona, Inc. a commercial bank?

Yes

Where are Firstbank Of Arizona, Inc. locations?

See branch locations nearby.

Is Firstbank Of Arizona, Inc. open on Saturdays?

Is Firstbank Of Arizona, Inc. open on Sundays?

What time does Firstbank Of Arizona, Inc. open?

What time does Firstbank Of Arizona, Inc. close?

Are Firstbank Of Arizona, Inc. ATMs Open 24/7?

Do Firstbank Of Arizona, Inc. ATMs accept cash deposits?

Can Firstbank Of Arizona, Inc. customers use other ATMs?

Do Firstbank Of Arizona, Inc. branches have notaries?

Will Firstbank Of Arizona, Inc. notarize my document?

What address for Firstbank Of Arizona, Inc. should I put for incoming ACH transfers?

Will the Firstbank Of Arizona, Inc. branch print checks?

Do Firstbank Of Arizona, Inc. checks expire?

Does Firstbank Of Arizona, Inc. require US citizenship to open account?

Can Firstbank Of Arizona, Inc. close my account?

Does Firstbank Of Arizona, Inc. Report to credit bureaus?

Does Firstbank Of Arizona, Inc. Use Equifax?

What is Firstbank Of Arizona, Inc.'s ACH Routing Number?

What is Firstbank Of Arizona, Inc.'s SWIFT code?

Products

Does Firstbank Of Arizona, Inc. offer mortgages?

Compare mortgage rates here.

Does Firstbank Of Arizona, Inc. offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Firstbank Of Arizona, Inc. offer personal loans?

Compare personal loan rates here.

Does Firstbank Of Arizona, Inc. offer student loans?

Will Firstbank Of Arizona, Inc. cash a check?

Will Firstbank Of Arizona, Inc. redeem a savings bond?

Does Firstbank Of Arizona, Inc. cash savings bonds?

Will Firstbank Of Arizona, Inc. cash money orders?

Can Firstbank Of Arizona, Inc. issue a money order?

Does Firstbank Of Arizona, Inc. do currency exchange?

Background on The Bank

Who owns Firstbank Of Arizona, Inc.?

How long has Firstbank Of Arizona, Inc. been around?

Can Firstbank Of Arizona, Inc. transfer to other banks?

Does Firstbank Of Arizona, Inc. have quick pay?

Does Firstbank Of Arizona, Inc. accept rolled coins?

Will Firstbank Of Arizona, Inc. accept loose change?

Where is Firstbank Of Arizona, Inc. headquarters?

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