1. 1. Reserve for bad debt losses on loans,
2. 2. Other reserves on loans,
3. 3. Reserves on securities,
4. 4. Capital notes and debentures,
5. 5. Preferred stock – total par value,
6. 6. Common stock – total par value,
7. 7. Surplus,
8. 8. Undivided profits, and
9. 9. Reserve for contingencies and other capital reserves.

“Capital structure” as the term is applied to banks under Article 2.1, Chapter 2, Title 35, Arizona Revised Statutes, means the sum of the following reserves and capital accounts of the institution as stated in the institution’s report of condition required by the supervisory banking authority for the year end next preceding the institution’s bid for deposit:

Historical Note

Adopted as an emergency effective July 29, 1975 (Supp. 75-1). Amended effective December 26, 1975 (Supp. 75-2). R20-4-1101 recodified from R4-4-1101 (Supp. 95-1). Amended by final rulemaking at 29 A.A.R. 1937 (September 1, 2023), effective October 2, 2023 (Supp. 23-3).