Western Security Bank
Scottsdale, AZ — Domestic Branch of a Domestic Bank
Acquired Jun 2007
Vitals
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Total Assets210.2M -0.9 %
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Total Deposits159.7M -14.8 %
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Total Net Loans135.1M -6.8 %
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Net Income
-
Book Value49.5M 183.4 %
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Book Value x298.9M 183.4 %
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Book Value x3148.4M 183.4 %
Balance Sheet Highlights
| Financial Highlights | Western Security Bank | All Insured Commercial Banks in Arizona |
| Balance Sheet $(000) | ||
| Total Assets | 210,179 | 213,040 |
| Total Net Loans | 135,055 | 162,566 |
| Total Deposits | 159,746 | 169,149 |
| Total Equity | 49,455 | 28,345 |
| Profitability | ||
| Net Income | — | 1,534 |
| Return on Average Assets | — | 1.248 |
| Return on Average Equity | — | 11.284 |
| Net Interest Margin | 5.606 | 5.105 |
| Efficiency Ratio | 106.49 | 86.418 |
| Noninterest Income/Revenue | 3.777 | 10.327 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 84.544 | 97.705 |
| Securities/Assets | .001 | .263 |
| Total Equity/Total Assets | .235 | .133 |
| Tangible Equity/Tangible Assets | .099 | -.014 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 20,798 | 23,344 |
| Tier 2 Capital | 1,957 | 2,097 |
| Total Capital | 22,755 | 25,417 |
| Total Risk Weighted Assets | 158,493 | 180,968 |
| Leverage Ratio | 12.98 | 16.269 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 13.12 | 19.134 |
| Total Capital Ratio | 14.36 | 20.192 |
Timeline for Western Security Bank
First Fidelity Bank, National Association
Western Security Bank was acquired by First Fidelity Bank, National Association 15 years
View Profile Jun 23 2007
W.I. Company, Inc.
Acquisition: Western Security Bank acquired a new subsidiary, W.I. Company, Inc. , 15 years
View Profile Jun 18 2007
First Fidelity Bancorp, Inc.
First Fidelity Bancorp, Inc. became a new parent organization for Western Security Bank.
View Profile Mar 02 2007
Western Security Land, Inc.
Western Security Land, Inc. became a new subsidiary organization for Western Security Bank.
View Profile Aug 27 1997
W.I. Company, Inc.
W.I. Company, Inc. became a new subsidiary organization for Western Security Bank.
View Profile Aug 05 1995
| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| First Fidelity Bank, National Association | Buyer | 1,502,665 | Pooling of Interests | Discontinued | 6/23/2007 |
| W.I. Company, Inc. | Seller | Pooling of Interests | Discontinued | 6/18/2007 |
| Relationships | Role | Relationship Start | Relationship End |
| First Fidelity Bancorp, Inc. | Parent | 3/2/2007 | 6/22/2007 |
| Western Security Holding Co., Ltd. | Parent | 5/20/1997 | 3/1/2007 |
| Western Security Holding Co., Ltd. | Parent | 3/31/1997 | 5/19/1997 |
| Western Security Holding Co., Ltd. | Parent | 12/31/1996 | 3/30/1997 |
| Western Security Holding Co., Ltd. | Parent | 7/11/1988 | 12/30/1996 |
| Western Security Holding Co., Ltd. | Parent | 6/26/1986 | 7/10/1988 |
| W.I. Company, Inc. | Subsidary | 8/5/1995 | 6/17/2007 |
| Western Security Land, Inc. | Subsidary | 8/27/1997 | 4/15/1998 |
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