FDIC Certificate #: 35328 Status: Active Federal Reserve ID: 2966306 Bank Holding Company (Regulatory Top Holder): American Express Company (RSSDID: 1275216, Location: New York, NY) Date Established: December 01, 2000 WWW:http://www.americanexpress.com Trust Powers Granted: No Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 15648 FDIC's unique #: 78234 Numeric code: 33 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: No Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: December 01, 2000 Last Structure Change Effective Date: July 21, 2011 Last Structure Change Process Date: July 21, 2011 Last Data Update: July 21, 2011 Data Source Date: April 05, 2012
Location
Address: 4315 South 2700 West, Salt Lake City, UT 84184 County: Salt Lake Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: Salt Lake City Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: West Metropolitan Statistical Area (MSA): Salt Lake City-Ogden, UT (#7160) Combined Statistical Area (CSA): Salt Lake City-Ogden-Clearfield, UT (#482) Core Based Statistical Area (CBSA): Salt Lake City, UT (#41620) CBSA Metro Statistical Area: Salt Lake City, UT (#41620)
History of Changes
Change in Primary Regulatory Agency
Financial Summary
Total assets: $35,401.8 mil Equity capital: $6,557.1 mil Deposits held in domestic offices: $21,418.1 mil Return on assets (ROA): 3.58% ($1,267.4 mil) Quarterly return on assets: 4.50% ($1,593.1 mil) Return on Equity (ROE): 21.70% ($1,422.9 mil) Quarterly return on equity: 25.83% ($1,693.7 mil) Net income: $1,348.3 mil Quarterly Net income: $422.9 mil Pretax return on assets: 5.71% ($2,021,442.4 mil) Quarterly Pretax return on assets: 7.15% ($2,531,228.3 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2011)
Dollar figures in thousands
221Total employees (full-time equivalent)
$35,401,794Total assets
$4,247,978Cash and due from depository institutions
$4,241,902Interest-bearing balances
$1,160,571Securities
$0Federal funds sold & reverse repurchase agreements
$28,499,055Net loans & leases
$783,495Loan loss allowance
$0Trading account assets
$180Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$35,401,794Life insurance assets
$1,494,010All other assets
$28,844,653Total liabilities and capital
$21,418,106Total liabilities
$21,323,437Total deposits
$21,418,106Interest-bearing deposits
$87Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$4,676,120Trading liabilities
$400,000Other borrowed funds
$2,350,427Subordinated debt
$6,557,141All other liabilities
$6,557,141Total equity capital
$6,557,141Total bank equity capital
$0Perpetual preferred stock
$1Common stock
$3,490,256Surplus
$3,066,884Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$400,067Income earned, not collected on loans
$0Earning assets
$104,384Long-term assets (5+ years)
$33,901,528Average Assets, year-to-date
$0Average Assets, quarterly
$37,619,104Volatile liabilities
$37,568,362Insider loans
$37,277,579FHLB advances
$35,337,756Loans and leases held for sale
$19,968Unused loan commitments
$0Tier 1 (core) risk-based capital
$6,493,103Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$147,161,724Restructured Loans and leases
$773Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,554,706Total interest income
$571,765Total interest expense
$1,982,941Net interest income
$423,073Provision for loan and lease losses
$5,228,779Total noninterest income
$0Fiduciary activities
$35Service charges on deposit accounts
$0Trading account gains & fees
$5,228,744Additional noninterest income
$4,639,064Total noninterest expense
$29,903Salaries and employee benefits
$21,366Premises and equipment expense
$4,587,795Additional noninterest expense
$2,149,583Pre-tax net operating income
$0Securities gains (losses)
$801,233Applicable income taxes
$1,348,350Income before extraordinary items
$0Extraordinary gains - net
$1,348,350Net income attributable to bank
$0Net charge-offs
$1,348,350Cash dividends
$878,819Sale, conversion, retirement of capital stock, net
$550,000Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.06%Yield on earning assets
1.58%Cost of funding earning assets
5.48%Net interest margin
14.45%Noninterest income to earning assets
12.82%Noninterest expense to earning assets
3.58%Net operating income to assets
3.58%Return on assets (ROA)
5.71%Pretax return on assets
21.70%Return on equity (ROE)
12.85%Retained earnings to average equity (YTD only)
3.29%Net charge-offs to loans
48.14%Credit loss provision to net charge-offs
2.93%Efficiency ratio
64,327Assets per employee
160.19%Cash dividends to net income (YTD only)
Condition Ratios (%)
40.79%Loss allowance to loans
2.68%Loss allowance to noncurrent loans
195.84%Noncurrent assets plus other real estate owned to assets
1.13%Noncurrent loans to loans
1.37%Net loans and leases to deposits
133.06%Net loans and leases to core deposits
182.54%Equity capital to assets
18.52%Core capital (leverage) ratio
18.37%Tier 1 risk-based capital ratio
17.42%Total risk-based capital ratio
Memoranda
$20Average assets
$37,619,104Average earning assets
$6,212,755Average equity
$36,178,397Average loans
Total Fiduciary and Related Assets (December 31, 2005)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with American Express Bank, FSB..
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: