About National Bank of Arizona > Investor Relations
Investor Relations
National Bank of Arizona, a leader in business banking, continued its record of strong performance in 2007. Our operating and financial performance, by almost every measure, placed us in a leadership position both within our peer group across the nation and within the Zions Bancorporation family of banks.
*In $Billions
At Year End |
2006 |
2007 |
% Increase |
Assets |
$4.60 |
$5.27 |
14.56% |
Deposits |
$3.70 |
$3.87 |
4.59% |
Loans |
$4.07 |
$4.59 |
12.77% |
Equity |
$0.35 |
$0.58 |
65.71% |
Although current conditions in the banking industry presented various challenges during the year, our continued focus on asset quality ensured stability. At fiscal year-end, our total loans and leases outstanding were approximately $4.6 billion against which we maintain a reserve for bad debts of approx. $66 million, or 1.4%. Total net loan losses for the year ended December 31, 2007 were .29% of loans outstanding, outperforming industry standards.
Our solid financial performance and continued growth provides us with the necessary resources to offer complete and leading-edge financial services. Our strategic market focus with local decision makers allows us to provide personalized relationship banking. And, our team of experienced professionals enables us to deliver customized and constructive solutions.
We look forward to serving our communities in the future with continued strength and resourcefulness.
Ownership: National Bank of Arizona is a wholly owned subsidiary of Zions Bancorporation, headquartered in Salt Lake City, Utah.
For information on Zions Bancorporation click here.
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