FDIC Certificate #: 32525 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:AIG Federal Savings Bank (#35267) Federal Reserve ID: 938073 Date Established: March 03, 1987 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 8383 FDIC's unique #: 45359 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes Oakar Institutions: Yes State Chartered: No Date of Deposit Insurance: March 03, 1987 Last Structure Change Effective Date: August 29, 2001 Last Structure Change Process Date: September 14, 2001 Last Data Update: September 14, 2001 Data Source Date: April 05, 2012
Location
Address: 7070 Union Park Avenue, Suite 300, Midvale, UT 84047 County: Salt Lake Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: New York 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)
Financial Summary
Total assets: $121.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
28Total employees (full-time equivalent)
$90,787Total assets
$2,514Cash and due from depository institutions
$1,157Interest-bearing balances
$1,911Securities
$13,491Federal funds sold & reverse repurchase agreements
$67,235Net loans & leases
$165Loan loss allowance
$0Trading account assets
$260Bank premises and fixed assets
$0Other real estate owned
$3,320Goodwill and other intangibles
$0Life insurance assets
$2,056All other assets
$90,787Total liabilities and capital
$75,559Total liabilities
$73,985Total deposits
$73,985Interest-bearing deposits
$73,985Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,574All other liabilities
$15,228Total equity capital
$15,228Total bank equity capital
$15,228Perpetual preferred stock
$0Common stock
$2,000Surplus
$22,461Undivided profits
Memoranda
$-9,233Noncurrent loans and leases
$2,332,297Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$32Earning assets
$0Long-term assets (5+ years)
$415Average Assets, year-to-date
$83,794Average Assets, quarterly
$0Volatile liabilities
$62,900Insider loans
$81,443FHLB advances
$14,268Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,332,297Total unused commitments
$0Restructured Loans and leases
$165Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$4,144Total interest income
$2,594Total interest expense
$1,550Net interest income
$105Provision for loan and lease losses
$9,214Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$9,214Additional noninterest income
$10,357Total noninterest expense
$1,676Salaries and employee benefits
$582Premises and equipment expense
$8,099Additional noninterest expense
$302Pre-tax net operating income
$0Securities gains (losses)
$130Applicable income taxes
$172Income before extraordinary items
$0Extraordinary gains - net
$172Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.31%Yield on earning assets
4.58%Cost of funding earning assets
2.73%Net interest margin
16.25%Noninterest income to earning assets
18.27%Noninterest expense to earning assets
0.27%Net operating income to assets
0.27%Return on assets (ROA)
0.48%Pretax return on assets
1.13%Return on equity (ROE)
1.13%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
89,567Assets per employee
3.24%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.24%Loss allowance to noncurrent loans
515.63%Noncurrent assets plus other real estate owned to assets
0.04%Noncurrent loans to loans
0.05%Net loans and leases to deposits
90.88%Net loans and leases to core deposits
112.59%Equity capital to assets
16.77%Core capital (leverage) ratio
15.59%Tier 1 risk-based capital ratio
26.26%Total risk-based capital ratio
Memoranda
$27Average assets
$62,900Average earning assets
$15,243Average equity
$56,692Average loans
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