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866-656-4653
7135 East Camelback Road, Suite I-201
Scottsdale, AZ 85251

Goldwater Bank is headquartered in Scottsdale and is the 16st largest bank in the state of Arizona. It is also the 4,697th largest bank in the nation. It was established in 2007 and as of December of 2013, it had grown to 88 employees at 1 location. Goldwater Bank has a C- health rating.

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Reviews (1)

Goldwater Bank In Arizona Does NOT Accept Out Of State Business (Online) Accounts.

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.



Health

Data for Q4 2013

Institution Health

C-

Texas Ratio

GRADE:
D

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, 2013 Goldwater Bank had $5.55 million in non-current loans and owned real-estate with $6.3 million in equity and loan loss allowances on hand to cover it. This gives Goldwater Bank a Texas Ratio of 88.11% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Goldwater Bank experienced no significant changes from 86.92% as of December 31, 2012 to 88.11% as of December 31, 2013, resulting in a negative change of 1.37%. This indicates that the balance sheet and financial strength for Goldwater Bank has had no significant changes in recent periods.

Deposit Growth

GRADE:
F

In the past year, Goldwater Bank has decreased its total deposits by -$30.29 million, resulting in -23.88% 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.

Capitalization

GRADE:
C-

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 $102.33 million in assets with $6.3 million in equity, resulting in a capitalization level of 6.16%, which is below average.

Institution Statistics

Overall
FDIC Certificate #58405
Year Established2007
Employees88
Primary RegulatorOCC
Assets and Liabilities
Assets$102.33 million
Loans$45.89 million
Deposits$96.55 million
Equity Capital$5.15 million
Loan Loss Allowance$1.15 million
Unbacked Noncurrent Loans$4.74 million
Real Estate Owned$810,000
Historic Data - December 2012
Assets$134.25 million
Equity Capital$6.28 million
Loan Loss Allowance$2.33 million
Unbacked Noncurrent Loans$4.74 million
Real Estate Owned$2.81 million
Profit Margin - Quarterly
Net Interest Margin3.02%
Return on Assets-0.72%
Return on Equity-13.93%
Interest Income$4.35 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Goldwater Bank, we are a rate comparison website and can not provide official rates or promotions.

Goldwater Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.20%$100-Goldwater Savings - AZ Only
0.20%$100-Business Savings - AZ Only
0.20%--Youth Savings - AZ Only
0.20%$100-Business Savings - Out of State
0.20%$100-Goldwater Savings - Out of State
0.20%--Youth Savings - Out of State

Goldwater Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.38%$100k-Market Market - AZ Only
0.38%$100k-Business Money Market - AZ Only
0.38%$100k-Business Money Market - Out of State
0.38%$100k-Market Market - Out of State

Goldwater Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$5k-Goldwater Checking - AZ Only
0.10%$5k-Goldwater Checking - Out of State

Goldwater Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.01%$5k-5 Year CD - AZ Only
1.01%$5k-5 Year CD - Out of State
0.96%$5k-3 Year CD - AZ Only
0.96%$5k-3 Year CD - Out of State
0.71%$5k-24 Month CD - AZ Only
0.71%$5k-24 Month CD - Out of State
0.62%$5k-18 Month CD - AZ Only
0.62%$5k-18 Month CD - Out of State
0.58%$5k-15 Month CD - AZ Only
0.58%$5k-15 Month CD - Out of State
0.55%$5k-12 Month CD - AZ Only
0.55%$5k-12 Month CD - Out of State
0.45%$5k-180 Day CD - AZ Only
0.45%$5k-180 Day CD - Out of State
0.25%$5k-90 Day CD - AZ Only
0.25%$5k-90 Day CD - Out of State
Locations


Goldwater Bank Locations
Goldwater Bank, N.A.7135 East Camelback Road, Suite I-201Scottsdale, AZ 85251