Chevron Credit Bank, National Association - Overview
General
FDIC Certificate #: 34326 Status: Inactive Federal Reserve ID: 2470858 Date Established: December 13, 1996 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Interstate: No) FDIC's unique #: 57085 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: December 13, 1996 Last Structure Change Effective Date: December 07, 2007 Last Structure Change Process Date: January 16, 2008 Last Data Update: January 16, 2008 Data Source Date: April 05, 2012
Location
Address: 488 East 6400 South Commerce, Suite 300, Murray, UT 84107 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
Other Liquidations and Closings
Change in Insurance Status
Office Sold
Financial Summary
Total assets: $140.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2006)
Dollar figures in thousands
14Total employees (full-time equivalent)
$141,928Total assets
$49,439Cash and due from depository institutions
$24,500Interest-bearing balances
$26,725Securities
$0Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$0Loan loss allowance
$0Trading account assets
$347Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$65,417All other assets
$141,928Total liabilities and capital
$82,132Total liabilities
$500Total deposits
$500Interest-bearing deposits
$500Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$81,632All other liabilities
$59,796Total equity capital
$59,796Total bank equity capital
$59,796Perpetual preferred stock
$14,000Common stock
$5,643Surplus
$23,357Undivided profits
Memoranda
$16,796Noncurrent loans and leases
$5,435,441Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$314Average Assets, year-to-date
$51,225Average Assets, quarterly
$0Volatile liabilities
$138,528Insider loans
$142,234FHLB advances
$500Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,435,441Total unused commitments
$0Restructured Loans and leases
$14,000Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$3,510Total interest income
$23Total interest expense
$3,487Net interest income
$0Provision for loan and lease losses
$81,467Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$81,467Additional noninterest income
$77,702Total noninterest expense
$2,406Salaries and employee benefits
$501Premises and equipment expense
$74,795Additional noninterest expense
$7,252Pre-tax net operating income
$0Securities gains (losses)
$2,922Applicable income taxes
$4,330Income before extraordinary items
$0Extraordinary gains - net
$4,330Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$3,233Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.51%Yield on earning assets
0.04%Cost of funding earning assets
6.47%Net interest margin
151.05%Noninterest income to earning assets
144.07%Noninterest expense to earning assets
3.13%Net operating income to assets
3.13%Return on assets (ROA)
5.24%Pretax return on assets
7.38%Return on equity (ROE)
1.87%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
91,464Assets per employee
10.14%Cash dividends to net income (YTD only)
Condition Ratios (%)
74.67%Loss allowance to loans
0.00%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
0.00%Net loans and leases to core deposits
0.00%Equity capital to assets
42.13%Core capital (leverage) ratio
28.06%Tier 1 risk-based capital ratio
51.67%Total risk-based capital ratio
Memoranda
$70Average assets
$138,528Average earning assets
$58,708Average equity
$53,933Average loans
Bank Assets Sold and Securitized (December 31, 2006)
Dollar figures in thousands
Principal balance with servicing or other recourse retained
$01-4 family residential loans
$0Home equity lines
$606,887Credit cards receivables
$0Auto loans
$0Other consumer loans
$0Commercial and industrial loans
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