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Overview / Commentary
303-397-4730
8502 East Princess Drive, Suite 150
Scottsdale, AZ 85255

Nordstrom fsb is headquartered in Scottsdale and is the 8th largest bank in the state of Arizona. It is also the 2,796th largest bank in the nation. It was established in 1991 and as of March of 2014, it had grown to 589 employees at 1 location. Nordstrom fsb has a B+ health rating.

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Health

Data for Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
A+

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 Nordstrom fsb had $993,000 in non-current loans and owned real-estate with $112.29 million in equity and loan loss allowances on hand to cover it. This gives Nordstrom fsb a Texas Ratio of 0.88% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Nordstrom fsb decreased slightly from 1.05% as of March 31, 2013 to 0.88% as of March 31, 2014, resulting in a positive change of 15.90%.This indicates that the balance sheet and financial strength for Nordstrom fsb has improved slightly in recent periods.

Deposit Growth

GRADE:
F

In the past year, Nordstrom fsb has decreased its total deposits by -$27.28 million, resulting in -32.54% 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 Nordstrom fsb has shown is poor.

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. Nordstrom fsb has $223.7 million in assets with $112.29 million in equity, resulting in a capitalization level of 50.20%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #33497
Year Established1991
Employees589
Primary RegulatorOCC
Assets and Liabilities
Assets$223.70 million
Loans$125.84 million
Deposits$56.56 million
Equity Capital$107.89 million
Loan Loss Allowance$4.40 million
Unbacked Noncurrent Loans$993,000
Real Estate Owned$0
Historic Data - March 2013
Assets$286.48 million
Equity Capital$109.95 million
Loan Loss Allowance$5.60 million
Unbacked Noncurrent Loans$993,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin8.59%
Return on Assets39.66%
Return on Equity80.55%
Interest Income$4.20 million
Rates

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Locations


Nordstrom fsb Locations
Nordstrom FSB8502 East Princess Drive, Suite 150Scottsdale, AZ 85255