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Overview / Commentary
2439 Hualapai Mountain Road
Kingman, AZ 86401

MISSION BANK (AZ) is headquartered in Kingman and is the 20th largest bank in the state of Arizona. It is also the 5,137th largest bank in the nation. It was established in 2001 and as of December of 2013, it had grown to 31 employees at 3 locations. MISSION BANK (AZ) has a B+ health rating.

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Health

Data for Q4 2013

Institution Health

B+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. MISSION BANK (AZ) has a relatively low asset base.

Texas Ratio

GRADE:
B+

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 MISSION BANK (AZ) had $1.11 million in non-current loans and owned real-estate with $9.64 million in equity and loan loss allowances on hand to cover it. This gives MISSION BANK (AZ) a Texas Ratio of 11.47% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for MISSION BANK (AZ) decreased slightly from 15.93% as of December 31, 2012 to 11.47% as of December 31, 2013, resulting in a positive change of 28.01%.This indicates that the balance sheet and financial strength for MISSION BANK (AZ) has improved slightly in recent periods.

Deposit Growth

GRADE:
B+

In the past year, MISSION BANK (AZ) has increased its total deposits by $1.9 million, resulting in 2.6% 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 MISSION BANK (AZ) has shown is above average.

Capitalization

GRADE:
A

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. MISSION BANK (AZ) has $84.1 million in assets with $9.64 million in equity, resulting in a capitalization level of 11.46%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #57137
Year Established2001
Employees31
Primary RegulatorFDIC
Assets and Liabilities
Assets$84.11 million
Loans$59.00 million
Deposits$75.11 million
Equity Capital$8.76 million
Loan Loss Allowance$883,000
Unbacked Noncurrent Loans$301,000
Real Estate Owned$805,000
Historic Data - December 2012
Assets$81.99 million
Equity Capital$8.55 million
Loan Loss Allowance$1.12 million
Unbacked Noncurrent Loans$301,000
Real Estate Owned$1.22 million
Profit Margin - Quarterly
Net Interest Margin4.15%
Return on Assets0.31%
Return on Equity3.03%
Interest Income$3.55 million
Rates

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Locations


MISSION BANK (AZ) Locations
Northern Branch1370 East Northern AvenueKingman, AZ 86409
Bullhead City Branch1455 Palma WayBullhead City, AZ 86442
Mission Bank2439 Hualapai Mountain RoadKingman, AZ 86401