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

Goldwater Bank

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

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Goldwater Bank is headquartered in Scottsdale and is the 16^st largest bank in the state of Arizona. It is also the 4,110^st 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.

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...

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

Goldwater Bank Checking Account Rates

Apy	Min	Max	Product
0.15%	$5k	-	Goldwater Checking - AZ Only
0.15%	$5k	-	Goldwater Checking - Out of State

Goldwater Bank Savings Account Rates

Apy	Min	Max	Product
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

Apy	Min	Max	Product
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

Apy	Min	Max	Product
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 Report	View
Year Established	2007
Employees	110
Primary Regulator	OCC
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 Margin	3.27%
Return on Assets	0.24%
Return on Equity	6.52%
Interest Income	$5.91 million

Institution Health

Overall Score:

2 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 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 Trend
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 Growth
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.
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. 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.

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.

Goldwater Bank

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