Gold Canyon Bank

Gold Canyon Bank is headquartered in Gold Canyon and is the 27^th largest bank in the state of Arizona. It is also the 6,082^nd largest bank in the nation. It was established in 2006 and as of March of 2012, it had grown to 12 employees at 2 locations. Gold Canyon Bank has a 1-star health rating.

Gold Canyon Bank Routing Number: 122106086

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Data for Q1 2012

Institution Statistics Gold Canyon Bank FDIC Certificate # 58066 BankRate Report View Year Established 2006 Employees 12 Primary Regulator FED Assets and Liabilities Assets $59.54 million Loans $26.58 million Deposits $57.34 million Equity Capital $2.17 million Loan Loss Allowance $634,000 Unbacked Noncurrent Loans $1.99 million Real Estate Owned $500,000 Historic Data - March 2011 Assets $59.45 million Equity Capital $2.26 million Loan Loss Allowance $808,000 Unbacked Noncurrent Loans $132,000 Real Estate Owned $1.30 million Profit Margin - Quarterly Net Interest Margin 2.35% Return on Assets -1.65% Return on Equity -42.52% Interest Income $469,000

Institution Health Overall Score: 1 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Gold Canyon Bank had $2.49 million in non-current loans and owned real-estate with $2.8 million in equity and loan loss allowances on hand to cover it. This gives Gold Canyon Bank a Texas Ratio of 88.89% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Gold Canyon Bank increased slightly from 46.53% as of March 31, 2011 to 88.89% as of March 31, 2012, resulting in a negative change of 91.04%. This indicates that the balance sheet and financial strength for Gold Canyon Bank has declined slightly in recent periods. Deposit Growth In the past year, Gold Canyon Bank has increased its total deposits by $228,000, resulting in 0.4% 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 Gold Canyon Bank has shown is average. Capitalization 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. Gold Canyon Bank has $59.54 million in assets with $2.8 million in equity, resulting in a capitalization level of 4.70%, which is poor.

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