Goldwater Bank

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

Goldwater Bank is headquartered in Scottsdale and is the 17st largest bank in the state of Arizona. It is also the 3,941st largest bank in the nation. It was established in 2007 and as of March of 2012, it had grown to 113 employees at 1 location. Goldwater Bank has a 1-star health rating.

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

Goldwater Bank Checking Account Rates

ApyMinMaxProduct
0.25%$5k-Goldwater Checking

Goldwater Bank Savings Account Rates

ApyMinMaxProduct
0.40%$100-Goldwater Savings
0.40%$100-Business Savings
0.40%--Youth Savings

Goldwater Bank Money Market Rates

ApyMinMaxProduct
0.58%$100k-Market Market
0.58%$100k-Business Money Market

Goldwater Bank CD Rates

ApyMinMaxProduct
1.79%$5k-5 Year CD
1.34%$5k-3 Year CD
1.15%$5k-24 Month CD
1.02%$5k-18 Month CD
0.96%$5k-15 Month CD
0.90%$5k-12 Month CD
0.68%$5k-180 Day CD
0.63%$5k-15 Month Liquid CD
0.63%$5k-12 Month Liquid CD
0.60%$5k-90 Day CD
0.56%$5k-9 Month Liquid CD

Rates updated: 5/27/2012

Data for Q1 2012


Institution Statistics


Goldwater Bank, N.A.
FDIC Certificate #58405
BankRate ReportView
Year Established2007
Employees113
Primary RegulatorOCC

Assets and Liabilities

Assets$146.42 million
Loans$87.87 million
Deposits$140.34 million
Equity Capital$4.58 million
Loan Loss Allowance$2.57 million
Unbacked Noncurrent Loans$6.62 million
Real Estate Owned$3.68 million

Historic Data - March 2011

Assets$190.65 million
Equity Capital$5.87 million
Loan Loss Allowance$2.94 million
Unbacked Noncurrent Loans$2.87 million
Real Estate Owned$6.11 million

Profit Margin - Quarterly

Net Interest Margin2.97%
Return on Assets-1.55%
Return on Equity-49.42%
Interest Income$1.51 million

Institution Health


Overall Score:
1 out of 5
1
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 March 31, 2012 Goldwater Bank had $10.3 million in non-current loans and owned real-estate with $7.15 million in equity and loan loss allowances on hand to cover it. This gives Goldwater Bank a Texas Ratio of 144.06% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend2
The Texas Ratio for Goldwater Bank increased slightly from 101.97% as of March 31, 2011 to 144.06% as of March 31, 2012, resulting in a negative change of 41.27%. This indicates that the balance sheet and financial strength for Goldwater Bank has declined slightly in recent periods.
Deposit Growth1
In the past year, Goldwater Bank has decreased its total deposits by -$43.48 million, resulting in -23.65% 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.
Capitalization1
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 $146.42 million in assets with $7.15 million in equity, resulting in a capitalization level of 4.88%, which is poor.
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