FDIC Certificate #: 25833 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Bank of Utah (#17159) Federal Reserve ID: 502577 Date Established: December 06, 1984 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) FDIC's unique #: 32067 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: December 06, 1984 Last Structure Change Effective Date: September 16, 1999 Last Structure Change Process Date: October 28, 1999 Last Data Update: October 28, 1999 Data Source Date: April 05, 2012
Location
Address: 5 East 1400 North, Logan, UT 84341 County: Cache 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 Core Based Statistical Area (CBSA): Logan, UT-ID (#30860) CBSA Metro Statistical Area: Logan, UT-ID (#30860)
Financial Summary
Total assets: $41.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
26Total employees (full-time equivalent)
$40,131Total assets
$4,253Cash and due from depository institutions
$2,017Interest-bearing balances
$4,712Securities
$1,645Federal funds sold & reverse repurchase agreements
$26,334Net loans & leases
$341Loan loss allowance
$0Trading account assets
$2,192Bank premises and fixed assets
$102Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$893All other assets
$40,131Total liabilities and capital
$36,973Total liabilities
$36,733Total deposits
$27,340Interest-bearing deposits
$36,733Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$240All other liabilities
$3,158Total equity capital
$3,158Total bank equity capital
$3,158Perpetual preferred stock
$0Common stock
$148Surplus
$2,153Undivided profits
Memoranda
$857Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$194Earning assets
$0Long-term assets (5+ years)
$307Average Assets, year-to-date
$34,708Average Assets, quarterly
$2,980Volatile liabilities
$35,521Insider loans
$39,374FHLB advances
$1,709Loans and leases held for sale
$678Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$7,111Total unused commitments
$0Restructured Loans and leases
$27,539Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$3,355Total interest income
$1,093Total interest expense
$2,262Net interest income
$109Provision for loan and lease losses
$549Total noninterest income
$0Fiduciary activities
$338Service charges on deposit accounts
$0Trading account gains & fees
$211Additional noninterest income
$1,824Total noninterest expense
$948Salaries and employee benefits
$280Premises and equipment expense
$596Additional noninterest expense
$878Pre-tax net operating income
$0Securities gains (losses)
$322Applicable income taxes
$556Income before extraordinary items
$0Extraordinary gains - net
$556Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$105Sale, conversion, retirement of capital stock, net
$185Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
10.90%Yield on earning assets
3.55%Cost of funding earning assets
7.35%Net interest margin
1.78%Noninterest income to earning assets
5.93%Noninterest expense to earning assets
1.57%Net operating income to assets
1.57%Return on assets (ROA)
2.47%Pretax return on assets
19.12%Return on equity (ROE)
12.76%Retained earnings to average equity (YTD only)
0.44%Net charge-offs to loans
103.81%Credit loss provision to net charge-offs
9.40%Efficiency ratio
64,888Assets per employee
1.54%Cash dividends to net income (YTD only)
Condition Ratios (%)
33.27%Loss allowance to loans
1.28%Loss allowance to noncurrent loans
175.77%Noncurrent assets plus other real estate owned to assets
0.74%Noncurrent loans to loans
0.73%Net loans and leases to deposits
71.69%Net loans and leases to core deposits
75.19%Equity capital to assets
7.87%Core capital (leverage) ratio
7.96%Tier 1 risk-based capital ratio
11.46%Total risk-based capital ratio
Memoranda
$13Average assets
$35,521Average earning assets
$2,909Average equity
$30,780Average loans
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