FDIC Certificate #: 35533 Status: Active Federal Reserve ID: 2947556 Date Established: October 05, 2000 WWW:http://www.fryscrcom 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 #: 81328 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: Other Specialized Lending < 1 Billion Date of Deposit Insurance: October 05, 2000 Last Structure Change Effective Date: March 28, 2011 Last Structure Change Process Date: March 28, 2011 Last Data Update: March 28, 2011 Data Source Date: April 05, 2012
Location
Address: 280 West 10200 South, Suite 200, Sandy, UT 84070 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)
Financial Summary
Total assets: $8.7 mil Equity capital: $6.7 mil Deposits held in domestic offices: $1.0 mil Return on assets (ROA): 7.72% ($0.7 mil) Quarterly return on assets: 16.41% ($1.5 mil) Return on Equity (ROE): 9.63% ($0.7 mil) Quarterly return on equity: 20.76% ($1.5 mil) Net income: $0.6 mil Quarterly Net income: $0.3 mil Pretax return on assets: 7.72% ($668.2 mil) Quarterly Pretax return on assets: 16.41% ($1,420.3 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
35Total employees (full-time equivalent)
$8,655Total assets
$5,995Cash and due from depository institutions
$2,751Interest-bearing balances
$200Securities
$861Federal funds sold & reverse repurchase agreements
$304Net loans & leases
$0Loan loss allowance
$0Trading account assets
$228Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$8,655Life insurance assets
$1,067All other assets
$1,974Total liabilities and capital
$953Total liabilities
$500Total deposits
$953Interest-bearing deposits
$61Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$1,021Subordinated debt
$6,681All other liabilities
$6,681Total equity capital
$6,681Total bank equity capital
$0Perpetual preferred stock
$1,705Common stock
$13,494Surplus
$-8,518Undivided profits
Memoranda
$0Noncurrent loans and leases
$304Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$3Long-term assets (5+ years)
$4,116Average Assets, year-to-date
$200Average Assets, quarterly
$7,864Volatile liabilities
$8,237Insider loans
$2,418FHLB advances
$7,867Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$6,681Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$339,678Restructured Loans and leases
$10Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$35Total interest income
$4Total interest expense
$31Net interest income
$0Provision for loan and lease losses
$5,332Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$5,332Additional noninterest income
$4,756Total noninterest expense
$2,595Salaries and employee benefits
$475Premises and equipment expense
$1,686Additional noninterest expense
$607Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$607Income before extraordinary items
$0Extraordinary gains - net
$607Net income attributable to bank
$0Net charge-offs
$607Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
0.95%Yield on earning assets
0.11%Cost of funding earning assets
0.84%Net interest margin
144.08%Noninterest income to earning assets
128.51%Noninterest expense to earning assets
7.72%Net operating income to assets
7.72%Return on assets (ROA)
7.72%Pretax return on assets
9.63%Return on equity (ROE)
9.63%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
88,682Assets per employee
0.25%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%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
31.90%Net loans and leases to core deposits
375.31%Equity capital to assets
77.19%Core capital (leverage) ratio
84.92%Tier 1 risk-based capital ratio
276.30%Total risk-based capital ratio
Memoranda
$276Average assets
$7,864Average earning assets
$6,300Average equity
$3,701Average loans
List of branches
1 Utah Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
81328
First Electronic Bank
280 West 10200 South, Suite 200, Sandy, UT 84070
October 05, 2000
Full Service Brick and Mortar
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with First Electronic Bank.
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: