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480-998-8408
15190 North Hayden Road
Scottsdale, AZ 85260

First Scottsdale Bank is headquartered in Scottsdale and is the 14st largest bank in the state of Arizona. It is also the 4,584th largest bank in the nation. It was established in 2007 and as of March of 2014, it had grown to 23 employees at 2 locations. First Scottsdale Bank has a A+ health rating.

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Health

Data for Q1 2014

Institution Health

A+

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 First Scottsdale Bank had $18,000 in non-current loans and owned real-estate with $17.97 million in equity and loan loss allowances on hand to cover it. This gives First Scottsdale Bank a Texas Ratio of 0.10% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Deposit Growth

GRADE:
A+

In the past year, First Scottsdale Bank has increased its total deposits by $27.24 million, resulting in 44.62% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth First Scottsdale Bank has shown is excellent.

Capitalization

GRADE:
A+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. First Scottsdale Bank has $105.78 million in assets with $17.97 million in equity, resulting in a capitalization level of 16.99%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #58744
Year Established2007
Employees23
Primary RegulatorOCC
Assets and Liabilities
Assets$105.78 million
Loans$66.87 million
Deposits$88.31 million
Equity Capital$17.22 million
Loan Loss Allowance$758,000
Real Estate Owned$18,000
Historic Data - March 2013
Assets$77.77 million
Equity Capital$16.36 million
Loan Loss Allowance$760,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4.25%
Return on Assets0.07%
Return on Equity0.42%
Interest Income$1.16 million
Rates

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Locations


First Scottsdale Bank Locations
First Scottsdale Bank, National Association15190 North Hayden RoadScottsdale, AZ 85260
Gold Canyon Branch6641 S. Kings Ranch RoadGold Canyon, AZ 85118