FDIC Certificate #: 57056 Status: Active Federal Reserve ID: 2998576 Date Established: March 01, 2001 WWW:http://www.celticbank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 356463 Numeric code: 23 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: March 01, 2001 Last Structure Change Effective Date: August 28, 2009 Last Structure Change Process Date: August 28, 2009 Last Data Update: August 28, 2009 Data Source Date: April 05, 2012
Location
Address: 340 East 400 South, Salt Lake City, UT 84111 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 Location
Financial Summary
Total assets: $223.9 mil Equity capital: $31.1 mil Deposits held in domestic offices: $179.2 mil Return on assets (ROA): 2.15% ($4.8 mil) Quarterly return on assets: 2.79% ($6.2 mil) Return on Equity (ROE): 15.99% ($5.0 mil) Quarterly return on equity: 19.66% ($6.1 mil) Net income: $4.7 mil Quarterly Net income: $1.5 mil Pretax return on assets: 3.45% ($7,723.7 mil) Quarterly Pretax return on assets: 4.46% ($9,984.9 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
50Total employees (full-time equivalent)
$223,876Total assets
$4,376Cash and due from depository institutions
$4,350Interest-bearing balances
$99Securities
$8,379Federal funds sold & reverse repurchase agreements
$172,324Net loans & leases
$6,106Loan loss allowance
$0Trading account assets
$6,929Bank premises and fixed assets
$10,152Other real estate owned
$0Goodwill and other intangibles
$223,876Life insurance assets
$21,617All other assets
$192,736Total liabilities and capital
$179,152Total liabilities
$179,152Total deposits
$179,152Interest-bearing deposits
$86Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$5,000Trading liabilities
$0Other borrowed funds
$8,584Subordinated debt
$31,140All other liabilities
$31,140Total equity capital
$31,140Total bank equity capital
$0Perpetual preferred stock
$100Common stock
$6,841Surplus
$24,199Undivided profits
Memoranda
$0Noncurrent loans and leases
$346Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$6,708Income earned, not collected on loans
$0Earning assets
$1,667Long-term assets (5+ years)
$185,152Average Assets, year-to-date
$15,918Average Assets, quarterly
$219,740Volatile liabilities
$219,226Insider loans
$185,008FHLB advances
$213,562Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$31,140Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$25,424Restructured Loans and leases
$5,375Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$17,089Total interest income
$4,903Total interest expense
$12,186Net interest income
$3,524Provision for loan and lease losses
$10,908Total noninterest income
$0Fiduciary activities
$37Service charges on deposit accounts
$0Trading account gains & fees
$10,871Additional noninterest income
$11,999Total noninterest expense
$6,994Salaries and employee benefits
$533Premises and equipment expense
$4,472Additional noninterest expense
$7,571Pre-tax net operating income
$0Securities gains (losses)
$2,839Applicable income taxes
$4,732Income before extraordinary items
$0Extraordinary gains - net
$4,732Net income attributable to bank
$0Net charge-offs
$4,732Cash dividends
$1,886Sale, conversion, retirement of capital stock, net
$1,376Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.28%Yield on earning assets
2.66%Cost of funding earning assets
6.62%Net interest margin
5.93%Noninterest income to earning assets
6.52%Noninterest expense to earning assets
2.15%Net operating income to assets
2.15%Return on assets (ROA)
3.45%Pretax return on assets
15.99%Return on equity (ROE)
11.34%Retained earnings to average equity (YTD only)
1.11%Net charge-offs to loans
186.85%Credit loss provision to net charge-offs
5.88%Efficiency ratio
51,957Assets per employee
4.48%Cash dividends to net income (YTD only)
Condition Ratios (%)
29.08%Loss allowance to loans
3.42%Loss allowance to noncurrent loans
91.03%Noncurrent assets plus other real estate owned to assets
7.53%Noncurrent loans to loans
3.76%Net loans and leases to deposits
96.19%Net loans and leases to core deposits
1041.11%Equity capital to assets
13.91%Core capital (leverage) ratio
14.58%Tier 1 risk-based capital ratio
16.83%Total risk-based capital ratio
Memoranda
$18Average assets
$219,740Average earning assets
$29,597Average equity
$184,055Average loans
List of branches
1 Utah Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
356463
Celtic Bank
340 East 400 South, Salt Lake City, UT 84111
March 01, 2001
Full Service Brick and Mortar
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