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Overview / Commentary
5055 North 32nd Street
Phoenix, AZ 85018

The Biltmore Bank of Arizona is headquartered in Phoenix and is the 7th largest bank in the state of Arizona. It is also the 2,245th largest bank in the nation. It was established in 2003 and as of December of 2013, it had grown to 45 employees at 2 locations. The Biltmore Bank of Arizona has a B+ health rating.

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Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
A+

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 The Biltmore Bank of Arizona had $2.3 million in non-current loans and owned real-estate with $35.47 million in equity and loan loss allowances on hand to cover it. This gives The Biltmore Bank of Arizona a Texas Ratio of 6.48% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for The Biltmore Bank of Arizona decreased dramatically from 17.44% as of December 31, 2012 to 6.48% as of December 31, 2013, resulting in a positive change of 62.88%.This indicates that the balance sheet and financial strength for The Biltmore Bank of Arizona has improved dramatically in recent periods.

Deposit Growth

GRADE:
F

In the past year, The Biltmore Bank of Arizona has decreased its total deposits by -$68.96 million, resulting in -21.6% 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 The Biltmore Bank of Arizona 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. The Biltmore Bank of Arizona has $287.3 million in assets with $35.47 million in equity, resulting in a capitalization level of 12.35%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #57479
Year Established2003
Employees45
Primary RegulatorFDIC
Assets and Liabilities
Assets$287.30 million
Loans$199.34 million
Deposits$250.32 million
Equity Capital$34.66 million
Loan Loss Allowance$811,000
Unbacked Noncurrent Loans$2.22 million
Real Estate Owned$81,000
Historic Data - December 2012
Assets$353.86 million
Equity Capital$33.50 million
Loan Loss Allowance$194,000
Unbacked Noncurrent Loans$2.22 million
Real Estate Owned$429,000
Profit Margin - Quarterly
Net Interest Margin4.25%
Return on Assets0.56%
Return on Equity5.06%
Interest Income$12.96 million
Rates

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Locations


The Biltmore Bank of Arizona Locations
Scottsdale Branch14850 North Scottsdale Road, Suite 100Scottsdale, AZ 85254
The Biltmore Bank Of Arizona5055 North 32nd StreetPhoenix, AZ 85018