State Bank of Arizona

Headquarters

1771 Mcculloch Boulevard
Lake Havasu City, AZ 86403
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.91% →
1-Year CD N.A. 0.85% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.61% →
15-Year Mortgage N.A. 2.31% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

State Bank of Arizona is an FDIC insured institution located in Lake Havasu City, AZ. It was founded in 1991 and has approximately $0.68 billion in assets. Customers can open an account at one of its 9 branches.

FDIC Insured Yes
FDIC Certificate # 33508
Date Established 1991
Assets $ 676.82 million
Loans $ 434.44 million
Deposits $ 586.84 million
Capital $ 80.00 million
 

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

Deposit Rates - November 28, 2020

Your Current Location: Connecticut, CT 06828

 

Loan Rates - November 28, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for State Bank of Arizona

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




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Featured - Connecticut Home Equity Line Of Credit Rates 2020

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Note to State Bank of Arizona
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Branches

State Bank of Arizona 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


State Bank of Arizona Locations


Financial Details

State Bank of Arizona Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of State Bank of Arizona. 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
State Bank of Arizona U.S. Bank Average
2.45% 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, State Bank of Arizona had $1,767,000 in non-current loans and $307,000 in owned real estate. To cover these potential losses it had $79,999,000 in equity and $4,801,000 in loans loss reserves. That gives it a Texas Ratio of 2.45%.

Return on Equity
State Bank of Arizona U.S. Bank Average
11.93% 7.80%

State Bank of Arizona has a Return on Equity of 11.93% 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
State Bank of Arizona U.S. Bank Average
11.82% 12.68%

State Bank of Arizona has a Capitalization of 11.82% 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.

State Bank of Arizona Balance Sheet Analysis

As of December 31, 2019, State Bank of Arizona had assets of $677,589,000, loans of $434,437,000, and deposits of $586,835,000. 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 $ 48.12 million
Interest-bearing balances $ 37.53 million
Total securities $ 152.42 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 434.44 million
Loan loss allowance $ 4.80 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.31 million
Goodwill and other intangibles $ 7.01 million
All other assets $ 20.58 million
     Total Assets $ 597.59 million
LIABILITIES
Total deposits $ 586.84 million
      Interest-bearing deposits $ 455.95 million
      Deposits held in domestic offices $ 586.84 million
      % insured (estimated) 82.68%
Federal funds purchased and repurchase agreements $ 7.45 million
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 3.31 million
      Total Liabilities $ 597.59 million
      Shareholders’ Equity $ 79.23 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 27.77 million
Total Interest Expense $ 2.99 million
Net interest income $ 24.77 million
Provision for loan and lease losses $ 0.67 million
Total non interest income $ 6.06 million
Total non interest expense $ 19.69 million
Pre-tax Net Operating Income $ 10.48 million

Bank Loan Profile?

The top three loan types in State Bank of Arizona’s loan portfolio are Commercial Real Estate, Small Business Loans, and 1-4 Family Residential Loans.

Compared to other banks in Arizona, State Bank of Arizona has a significantly higher percent of Multifamily Mortgages, Small Business Loans, Construction and Development Loans 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 15.18
Multifamily
Mortgages
3.73
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 21.61
Construction and Development Loans 12.69
Commercial Real Estate 57.42
Commercial and Industrial Loans 7.92
Farm Loans 0.00

Frequently Asked Questions About State Bank Of Arizona

Branches and Savings

Is State Bank Of Arizona FDIC insured?

Yes. It is covered under FDIC Certificate #33508.

Why does State Bank Of Arizona pay such low interest on savings accounts?

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

Why are State Bank Of Arizona CD rates not competitive?

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

Is State Bank Of Arizona a commercial bank?

Yes

Where are State Bank Of Arizona locations?

See branch locations nearby.

Is State Bank Of Arizona open on Saturdays?

Is State Bank Of Arizona open on Sundays?

What time does State Bank Of Arizona open?

What time does State Bank Of Arizona close?

Are State Bank Of Arizona ATMs Open 24/7?

Do State Bank Of Arizona ATMs accept cash deposits?

Can State Bank Of Arizona customers use other ATMs?

Do State Bank Of Arizona branches have notaries?

Will State Bank Of Arizona notarize my document?

What address for State Bank Of Arizona should I put for incoming ACH transfers?

Will the State Bank Of Arizona branch print checks?

Do State Bank Of Arizona checks expire?

Does State Bank Of Arizona require US citizenship to open account?

Can State Bank Of Arizona close my account?

Does State Bank Of Arizona Report to credit bureaus?

Does State Bank Of Arizona Use Equifax?

What is State Bank Of Arizona's ACH Routing Number?

What is State Bank Of Arizona's SWIFT code?

Products

Does State Bank Of Arizona offer mortgages?

Compare mortgage rates here.

Does State Bank Of Arizona offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does State Bank Of Arizona offer personal loans?

Compare personal loan rates here.

Does State Bank Of Arizona offer student loans?

Will State Bank Of Arizona cash a check?

Will State Bank Of Arizona redeem a savings bond?

Does State Bank Of Arizona cash savings bonds?

Will State Bank Of Arizona cash money orders?

Can State Bank Of Arizona issue a money order?

Does State Bank Of Arizona do currency exchange?

Background on The Bank

Who owns State Bank Of Arizona?

How long has State Bank Of Arizona been around?

Can State Bank Of Arizona transfer to other banks?

Does State Bank Of Arizona have quick pay?

Does State Bank Of Arizona accept rolled coins?

Will State Bank Of Arizona accept loose change?

Where is State Bank Of Arizona headquarters?

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