Choice Bank
Scottsdale, AZ — Domestic Branch of a Domestic Bank
Acquired Apr 2008
Vitals
-
Total Assets287.6M 54.7 %
-
Total Deposits211.3M 53.8 %
-
Total Net Loans225.9M 54.5 %
-
Net Income
-
Book Value39.6M 24.5 %
-
Book Value x279.2M 24.5 %
-
Book Value x3118.8M 24.5 %
Balance Sheet Highlights
| Financial Highlights | Choice Bank | All Insured Commercial Banks in Arizona |
| Balance Sheet $(000) | ||
| Total Assets | 287,610 | 210,490 |
| Total Net Loans | 225,883 | 161,879 |
| Total Deposits | 211,318 | 159,209 |
| Total Equity | 39,615 | 24,332 |
| Profitability | ||
| Net Income | — | 774 |
| Return on Average Assets | — | .761 |
| Return on Average Equity | — | 7.45 |
| Net Interest Margin | 4.054 | 4.282 |
| Efficiency Ratio | 70.596 | 131.758 |
| Noninterest Income/Revenue | 5.281 | 17.363 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 106.893 | 109.449 |
| Securities/Assets | .209 | |
| Total Equity/Total Assets | .138 | .116 |
| Tangible Equity/Tangible Assets | .069 | .002 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 19,930 | 21,844 |
| Tier 2 Capital | 2,748 | 2,362 |
| Total Capital | 22,678 | 24,375 |
| Total Risk Weighted Assets | 218,902 | 181,850 |
| Leverage Ratio | 7.43 | 19.964 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 9.1 | 23.906 |
| Total Capital Ratio | 10.36 | 24.985 |
Timeline for Choice Bank
Silver State Bancorp
Silver State Bancorp became a new parent organization for Choice Bank.
View Profile Sep 05 2006
Choice Bank
Choice Bank was established 21 years ago and is currently headquartered in Scottsdale, AZ.
Jan 21 2003| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| Silver State Bank | Buyer | 1,957,120 | Pooling of Interests | Discontinued | 4/1/2008 |
| Relationships | Role | Relationship Start | Relationship End |
| Silver State Bancorp | Parent | 9/5/2006 | 3/31/2008 |
Similar Organizations
| Organization | City | State | Total Assets |
|---|---|---|---|
|
Bank Of Idaho
|
Idaho Falls | ID | 286.7M |
|
Pineland Bank
|
Alma | GA | 286.4M |
|
The Fountain Trust Company
|
Covington | IN | 289.9M |
|
Prime Meridian Bank
|
Tallahassee | FL | 290.1M |
|
Peoples Bank Of Kentucky, Inc.
|
Flemingsburg | KY | 284.9M |
|
Town & Country Bank And Trust Company
|
Bardstown | KY | 284.3M |
|
The Farmers Savings Bank
|
Spencer | OH | 283.7M |
|
St. Landry Bank And Trust Company
|
Opelousas | LA | 292.6M |
|
Community First Bank
|
Kennewick | WA | 282.1M |
|
Farmers-Merchants Bank & Trust Company
|
Breaux Bridge | LA | 281.8M |