Gold Canyon Bank

Headquarters

6641 S. Kings Ranch Road
Gold Canyon, AZ 85118
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

Gold Canyon Bank is an FDIC insured institution located in Gold Canyon, AZ. It was founded in 2006 and has approximately $0.04 billion in assets.

FDIC Insured Yes
FDIC Certificate # 58066
Date Established 2006
Assets $ 42.13 million
Loans $ 24.30 million
Deposits $ 41.73 million
Capital $ 0.37 million
 

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

Deposit Rates - October 25, 2020

Your Current Location: Virginia, VA 20146


Loan Rates - October 25, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Gold Canyon 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

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AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.575% 2.500% 1.00 $2,470 $988 Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
1Rate, Inc
NMLS ID: 1948084
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2.567% 2.500% 0.88 $2,216 $988 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
2.240 %
$0 Learn More
More Info

Note to Gold Canyon Bank
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Branches

Gold Canyon 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


Gold Canyon Bank Locations


Financial Details

Gold Canyon Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Gold Canyon 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
Gold Canyon Bank U.S. Bank Average
301.81% 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, Gold Canyon Bank had $3,429,000 in non-current loans and $401,000 in owned real estate. To cover these potential losses it had $372,000 in equity and $897,000 in loans loss reserves. That gives it a Texas Ratio of 301.81%.

Return on Equity
Gold Canyon Bank U.S. Bank Average
-319.16% 7.80%

Gold Canyon Bank has a Return on Equity of -319.16% 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
Gold Canyon Bank U.S. Bank Average
0.88% 12.68%

Gold Canyon Bank has a Capitalization of 0.88% 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.

Gold Canyon Bank Balance Sheet Analysis

As of March 31, 2013, Gold Canyon Bank had assets of $42,125,000, loans of $24,296,000, and deposits of $41,728,000. 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 $ 24.30 million
Loan loss allowance $ 0.90 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.40 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 41.73 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 $ 42.13 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 Gold Canyon Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Small Business Loans.

Compared to other banks in Arizona, Gold Canyon Bank has a significantly higher percent of Multifamily Mortgages on its balance sheet, potentially indicating a specialty in that lending area.

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 33.47
Multifamily
Mortgages
4.52
Credit Card Loans 0.00
Consumer Auto Loans 0.55
Small Business Loans 17.28
Construction and Development Loans 8.87
Commercial Real Estate 38.77
Commercial and Industrial Loans 12.12
Farm Loans 0.00

Frequently Asked Questions About Gold Canyon Bank

Branches and Savings

Is Gold Canyon Bank FDIC insured?

Yes. It is covered under FDIC Certificate #58066.

Why does Gold Canyon Bank pay such low interest on savings accounts?

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

Why are Gold Canyon Bank CD rates not competitive?

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

Is Gold Canyon Bank a commercial bank?

Yes

Where are Gold Canyon Bank locations?

See branch locations nearby.

Is Gold Canyon Bank open on Saturdays?

Is Gold Canyon Bank open on Sundays?

What time does Gold Canyon Bank open?

What time does Gold Canyon Bank close?

Are Gold Canyon Bank ATMs Open 24/7?

Do Gold Canyon Bank ATMs accept cash deposits?

Can Gold Canyon Bank customers use other ATMs?

Do Gold Canyon Bank branches have notaries?

Will Gold Canyon Bank notarize my document?

What address for Gold Canyon Bank should I put for incoming ACH transfers?

Will the Gold Canyon Bank branch print checks?

Do Gold Canyon Bank checks expire?

Does Gold Canyon Bank require US citizenship to open account?

Can Gold Canyon Bank close my account?

Does Gold Canyon Bank Report to credit bureaus?

Does Gold Canyon Bank Use Equifax?

What is Gold Canyon Bank's ACH Routing Number?

What is Gold Canyon Bank's SWIFT code?

Products

Does Gold Canyon Bank offer mortgages?

Compare mortgage rates here.

Does Gold Canyon Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Gold Canyon Bank offer personal loans?

Compare personal loan rates here.

Does Gold Canyon Bank offer student loans?

Will Gold Canyon Bank cash a check?

Will Gold Canyon Bank redeem a savings bond?

Does Gold Canyon Bank cash savings bonds?

Will Gold Canyon Bank cash money orders?

Can Gold Canyon Bank issue a money order?

Does Gold Canyon Bank do currency exchange?

Background on The Bank

Who owns Gold Canyon Bank?

How long has Gold Canyon Bank been around?

Can Gold Canyon Bank transfer to other banks?

Does Gold Canyon Bank have quick pay?

Does Gold Canyon Bank accept rolled coins?

Will Gold Canyon Bank accept loose change?

Where is Gold Canyon Bank headquarters?

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