3 star ratingAverage User Rating:
3 star rating based on 1 review.

Goldwater Bank

Goldwater Bank Locations
7135 East Camelback Road, Suite I-201
Scottsdale, AZ 85251
866-656-4653
www.goldwaterbank.com

FDIC


Goldwater Bank is headquartered in Scottsdale and is the 16st largest bank in the state of Arizona. It is also the 4,110st largest bank in the nation. It was established in 2007 and as of December of 2012, it had grown to 110 employees at 1 location. Goldwater Bank has a 2-star health rating.

Related Posts

3.55% 5-Year CD & 3.03% 3-Year CD at Goldwater Bank - Available Nationwide - 11/27/2009

Goldwater Bank is offering two competitive long-term CD rates: 3.03% APY for a 3-year term and 3.55% APY for a 5-year term. Minimum deposit is $50,000. These rates are listed in the bank's rates page as of 11/27/09.I called the bank on Wednesday using...

5.02% Reward Checking Account at Goldwater Bank in Arizona - Local Only - 11/12/2009

Goldwater Bank is offering a rewards checking account with the following rates if certain monthly requirements are met:5.02% APY on balances from $100 to $20,0000.10% on portion of balance over $20,000No interest if requirements are not metThe monthly...

4.00% Savings Account at Goldwater Bank - 8/13/2008

Update 10/03/08: The yield has dropped to 3.00% APY.Update 9/15/08: The yield for new customers has dropped to 3.50% APY. The savings account yield should remain 4% APY through 2008 for those who got in before today.Goldwater Bank is offering a 4.00% APY...



See Rates for: Checking | Savings | Money Market | CD

Goldwater Bank Checking Account Rates

ApyMinMaxProduct
0.15%$5k-Goldwater Checking - AZ Only
0.15%$5k-Goldwater Checking - Out of State

Goldwater Bank Savings Account Rates

ApyMinMaxProduct
0.25%$100-Goldwater Savings - AZ Only
0.25%$100-Business Savings - AZ Only
0.25%--Youth Savings - AZ Only
0.25%$100-Business Savings - Out of State
0.25%$100-Goldwater Savings - Out of State
0.25%--Youth Savings - Out of State

Goldwater Bank Money Market Rates

ApyMinMaxProduct
0.48%$100k-Market Market - AZ Only
0.48%$100k-Business Money Market - AZ Only
0.48%$100k-Business Money Market - Out of State
0.48%$100k-Market Market - Out of State

Goldwater Bank CD Rates

ApyMinMaxProduct
1.32%$5k-5 Year CD - AZ Only
1.22%$5k-5 Year CD - Out of State
1.02%$5k-3 Year CD - AZ Only
0.92%$5k-3 Year CD - Out of State
0.80%$5k-24 Month CD - AZ Only
0.70%$5k-18 Month CD - AZ Only
0.70%$5k-24 Month CD - Out of State
0.66%$5k-15 Month CD - AZ Only
0.60%$5k-18 Month CD - Out of State
0.56%$5k-15 Month CD - Out of State
0.55%$5k-12 Month CD - AZ Only
0.45%$5k-12 Month CD - Out of State
0.33%$5k-180 Day CD - AZ Only
0.25%$5k-90 Day CD - AZ Only
0.18%$5k-180 Day CD - Out of State
0.15%$5k-90 Day CD - Out of State

Rates updated: 5/22/2013

Data for Q4 2012


Institution Statistics


Goldwater Bank, N.A.
FDIC Certificate #58405
BankRate ReportView
Year Established2007
Employees110
Primary RegulatorOCC

Assets and Liabilities

Assets$134.25 million
Loans$85.82 million
Deposits$126.84 million
Equity Capital$6.28 million
Loan Loss Allowance$2.33 million
Unbacked Noncurrent Loans$5.55 million
Real Estate Owned$2.81 million

Historic Data - December 2011

Assets$154.24 million
Equity Capital$4.83 million
Loan Loss Allowance$2.14 million
Unbacked Noncurrent Loans$7.87 million
Real Estate Owned$5.62 million

Profit Margin - Quarterly

Net Interest Margin3.27%
Return on Assets0.24%
Return on Equity6.52%
Interest Income$5.91 million

Institution Health


Overall Score:
2 out of 5
2
Texas Ratio1
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 December 31, 2012 Goldwater Bank had $8.36 million in non-current loans and owned real-estate with $8.6 million in equity and loan loss allowances on hand to cover it. This gives Goldwater Bank a Texas Ratio of 97.19% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for Goldwater Bank decreased significantly from 193.58% as of December 31, 2011 to 97.19% as of December 31, 2012, resulting in a positive change of 49.80%.This indicates that the balance sheet and financial strength for Goldwater Bank has improved significantly in recent periods.
Deposit Growth1
In the past year, Goldwater Bank has decreased its total deposits by -$21.29 million, resulting in -14.37% 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 Goldwater Bank has shown is poor.
Capitalization2
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. Goldwater Bank has $134.25 million in assets with $8.6 million in equity, resulting in a capitalization level of 6.41%, which is below average.
Write Review

Goldwater Bank In Arizona Does NOT Accept Out Of State Business (Online) Accounts.
3 stars - candidcal - Monday, January 7, 2013 - 3:47 PM

Called Goldwater Bank today (01/07/13) and they confirmed that they open new accounts only for in-state (Arizona) businesses, no others.  Other banks listed here do allow my condo HOA to open new savings and MM accounts and do pay higher interest rates, so we'll be doing that soon.

1