First Western National Bank in Moab, Utah (UT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 05, 1995

First Western National Bank in Moab, Utah (UT)
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First Western National Bank - Overview

General
FDIC Certificate #: 18481
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Zions First National Bank (#2270)
Federal Reserve ID: 748179
Date Established: Febuary 05, 1962
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 3 (Interstate: No)
OTS Docket #: 9616
FDIC's unique #: 12376
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: Febuary 05, 1962
Last Structure Change Effective Date: June 05, 1995
Last Structure Change Process Date: June 27, 1995
Last Data Update: June 27, 1995
Data Source Date: April 05, 2012
Location
Address: Main And Third South Streets, Moab, UT 84532
County: Grand
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
Financial Summary
Total assets: $36.5 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$25Total assets
$37,134Cash and due from depository institutions
$1,460Interest-bearing balances
$20Securities
$10,538Federal funds sold & reverse repurchase agreements
$3,745Net loans & leases
$19,941Loan loss allowance
$433Trading account assets
$0Bank premises and fixed assets
$275Other real estate owned
$3Goodwill and other intangibles
$1,172Life insurance assets
$0All other assets
$0Total liabilities and capital
$37,134Total liabilities
$32,445Total deposits
$30,825Interest-bearing deposits
$24,890Deposits held in domestic offices
30825.00%% insured (estimated)
$91Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$1,370Subordinated debt
$0All other liabilities
$250Total equity capital
$250Total bank equity capital
$4,689Perpetual preferred stock
$0Common stock
$600Surplus
$600Undivided profits
Memoranda
$3,489Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$486Income earned, not collected on loans
$192Earning assets
$34,244Long-term assets (5+ years)
$8,838Average Assets, year-to-date
$37,828Average Assets, quarterly
$37,567Volatile liabilities
$1,427Insider loans
$562FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$2,018Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,725Total risk weighted assets
$21,131Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$3,785Total interest expense
$827Net interest income
$2,958Provision for loan and lease losses
$417Total noninterest income
$534Fiduciary activities
$0Service charges on deposit accounts
$349Trading account gains & fees
$0Additional noninterest income
$185Total noninterest expense
$1,722Salaries and employee benefits
$1,010Premises and equipment expense
$201Additional noninterest expense
$511Pre-tax net operating income
$1,353Securities gains (losses)
$0Applicable income taxes
$467Income before extraordinary items
$886Extraordinary gains - net
$0Net income attributable to bank
$886Net charge-offs
$517Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
10.73%Cost of funding earning assets
2.35%Net interest margin
8.39%Noninterest income to earning assets
1.51%Noninterest expense to earning assets
4.88%Net operating income to assets
2.34%Return on assets (ROA)
2.34%Pretax return on assets
3.58%Return on equity (ROE)
20.77%Retained earnings to average equity (YTD only)
20.77%Net charge-offs to loans
2.19%Credit loss provision to net charge-offs
80.66%Efficiency ratio
49,313Assets per employee
1.49%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.13%Loss allowance to noncurrent loans
89.09%Noncurrent assets plus other real estate owned to assets
1.32%Noncurrent loans to loans
2.39%Net loans and leases to deposits
64.69%Net loans and leases to core deposits
66.77%Equity capital to assets
12.63%Core capital (leverage) ratio
12.71%Tier 1 risk-based capital ratio
22.36%Total risk-based capital ratio
Memoranda
$24Average assets
$37,828Average earning assets
$4,265Average equity
$35,266Average loans

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