Statement of Condition
Years ended December 2008, 2007, 2006.
| Assets |
2008 |
2007 |
2006 |
| Cash & Due from Banks |
$6,973,000 |
$6,178,000 |
$9,910,000 |
| Investments: |
| US Gov't |
$0 |
$0 |
$1,025,000 |
| CDs |
$1,491,000 |
$4,748,000 |
$2,868,000 |
| Tax Exempt |
$280,000 |
$968,000 |
$378,000 |
| BOLI & Other Investment |
$4,010,000 |
$2,685,000 |
$2,586,000 |
| Federal Funds |
$125,000 |
$7,630,000 |
$7,900,000 |
| Loans: |
$115,089,000 |
$97,600,000 |
$94,234,000 |
| Less Reserve for Loan loss |
($1,770,000) |
($982,000) |
($997,000) |
| Net Loans |
$113,319,000 |
$96,618,000 |
$92,887,000 |
| Bank Premises & Equipment |
$4,387,000 |
$3,481,000 |
$3,188,000 |
| Other Assets |
$1,826,000 |
$1,429,000 |
$983,000 |
|
| Total Assets |
$132,411,000 |
$123,737,000 |
$121,725,000 |
| Liabilities |
2008 |
2007 |
2006 |
| Demand Deposits |
$21,227,000 |
$29,934,000 |
$24,708,000 |
| Now Accounts |
$20,700,000 |
$19,790,000 |
$18,643,000 |
| Money Market Accounts |
$21,448,000 |
$23,035,000 |
$28,894,000 |
| Saving Accounts |
$5,508,000 |
$5,543,000 |
$5,242,000 |
| Certificates of Deposit |
$47,545,000 |
$30,408,000 |
$31,670,000 |
|
| Total Deposits |
$116,338,000 |
$108,710,000 |
$109,157,000 |
|
| Other Liabilities |
$1,070,000 |
$919,000 |
$331,000 |
|
| Total Liabilities |
$117,408,000 |
$109,629,000 |
$109,488,000 |
|
| Shareholder Equity: |
| Common Stock, $5.00 Par Value |
$2,797,000 |
$2,791,000 |
$2,678,000 |
| Surplus |
$3,935,000 |
$3,832,000 |
$3,647,000 |
| Retained Earnings |
$8,271,000 |
$7,484,000 |
$6,071,000 |
| Unrealized Gain |
$0 |
$1,000 |
$0 |
|
| Total Capital |
$15,003,000 |
$14,108,000 |
$12,396,000 |
|
| Total Liabilities & Equity |
$132,411,000 |
$123,737,000 |
$121,725,000 |
| Operating Income |
2008 |
2007 |
2006 |
| Interest & Fees on Loans |
$8,378,000 |
$7,876,000 |
$7,900,000 |
| Interest on Fed Funds Sold |
$78,000 |
$365,000 |
$320,000 |
| Interest on Gov't Securities |
$0 |
(5,000) |
$68,000 |
| Interest on Certificates of Deposit |
$158,000 |
$318,000 |
$305,000 |
| Other Operating Income |
$360,000 |
$539,000 |
$480,000 |
|
| Operating Income |
$8,974,000 |
$9,093,000 |
$9,077,000 |
| Operating Expenses |
2008 |
2007 |
2006 |
| Interest Expense |
$1,959,000 |
$2,255,000 |
$1,824,000 |
| Salaries & Employee Benefits |
$2,525,000 |
$2,589,000 |
$2,310,000 |
| Data Processing |
$543,000 |
$518,000 |
$510,000 |
| Occupancy |
$558,000 |
$503,000 |
$389,000 |
| Provision for Loan Losses |
$820,000 |
$60,000 |
$180,000 |
| Advertising & Business Development |
$226,000 |
$107,000 |
$180,000 |
| Stationary & Supplies |
$78,000 |
$68,000 |
$75,000 |
| Professional Services |
$152,000 |
$123,000 |
$81,000 |
| Insurance |
$34,000 |
$37,000 |
$39,000 |
|
| Other Expenses |
$522,000 |
$531,000 |
$450,000 |
|
| Total Expenses |
$7,417,000 |
$6,791,000 |
$6,040,000 |
|
|
| Operating Income |
$1,557,000 |
$2,302,000 |
$3,037,000 |
| Federal Income Tax |
$(463,000) |
$(613,000) |
$(882,000) |
| State Income Tax |
$(91,000) |
$(129,000) |
$(172,000) |
|
|
| Net Income |
$1,003,000 |
$1,560,000 |
$1,983,000 |
|
|
|
| Earnings Per Share |
$1.79 |
$2.79 |
$3.70 |
|
| Return on Equity |
7.11% |
12.58% |
19.00% |
|
|
Contact Us
The Foothills Branch
11689 S. Foothills Blvd
Yuma, AZ 85367
Phone: 928.305.5000
Fax: 928.305.0905
 Click for map
Avenue A Branch
2201 S. Ave. A
Yuma, AZ 85364
Phone: 928.343.1000
Fax: 928.343.1449
Click for map
The 32nd St Branch
6024 E. 32nd Street
Yuma, AZ 85365
Phone: 928.314.3111
Fax: 928.314.0597
Click for map
Mortgage Department
6024 E. 32nd Street
Yuma, AZ 85365
Phone: 928.329.9080
Fax: 928.329.9028
Click for map
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