Overview / Commentary
Goldwater Bank is the 1,894th largest bank in the nation. It was established in 2007 and as of March of 2023, it had grown to 213 employees. Goldwater Bank's money market rates are 7X the national average, and it has an A health rating.
Reviews (1)
Goldwater Bank In Arizona Does NOT Accept Out Of State Business (Online) Accounts.
Posted by: candidcal | Jan 7, 2013
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.
Health
A
Data as of Q1 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 58405 |
| Year Established | 2007 |
| Employees | 213 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.88% |
| Return on Equity - YTD | 7.7% |
| Annual Interest Income | $5.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2023vs Q1 2022 | $447.0MM$353.7MM |
| Loans | Q1 2023vs Q1 2022 | $394.3MM$279.1MM |
| Deposits | Q1 2023vs Q1 2022 | $294.3MM$254.3MM |
| Equity Capital | Q1 2023vs Q1 2022 | $51.1MM$49.5MM |
| Loan Loss Allowance | Q1 2023vs Q1 2022 | $4.1MM$2.3MM |
| Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $3.4MM$1.1MM |
| Real Estate Owned | Q1 2023vs Q1 2022 | $809.00K$211.00K |