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Overview / Commentary
2439 Hualapai Mountain Road
Kingman, AZ 86401

MISSION BANK (AZ) is headquartered in Kingman and is the 16st largest bank in the state of Arizona. It is also the 4,941st largest bank in the nation. It was established in 2001 and as of March of 2014, it had grown to 31 employees at 3 locations. MISSION BANK (AZ) has a B+ health rating.

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Health

Data for Q1 2014

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 capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 MISSION BANK (AZ) had $1.58 million in non-current loans and owned real-estate with $9.7 million in equity and loan loss allowances on hand to cover it. This gives MISSION BANK (AZ) a Texas Ratio of 16.27% 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 18.92% as of March 31, 2013 to 16.27% as of March 31, 2014, resulting in a positive change of 14.01%.This indicates that the balance sheet and financial strength for MISSION BANK (AZ) has improved slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, MISSION BANK (AZ) has increased its total deposits by $5.72 million, resulting in 7.48% 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 excellent.

Capitalization

GRADE:
B+

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 $91.31 million in assets with $9.7 million in equity, resulting in a capitalization level of 10.62%, which is above average.

Institution Statistics

Overall
FDIC Certificate #57137
Year Established2001
Employees31
Primary RegulatorFDIC
Assets and Liabilities
Assets$91.31 million
Loans$59.52 million
Deposits$82.22 million
Equity Capital$8.81 million
Loan Loss Allowance$887,000
Unbacked Noncurrent Loans$773,000
Real Estate Owned$805,000
Historic Data - March 2013
Assets$88.37 million
Equity Capital$8.60 million
Loan Loss Allowance$1.15 million
Unbacked Noncurrent Loans$773,000
Real Estate Owned$1.18 million
Profit Margin - Quarterly
Net Interest Margin3.93%
Return on Assets0.24%
Return on Equity2.41%
Interest Income$841,000
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