FDIC Certificate #: 27374 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Bank of America, National Association (#3510) Federal Reserve ID: 1225800 Date Established: October 31, 1988 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) OTS Docket #: 15118 FDIC's unique #: 39694 Numeric code: 23 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: October 31, 1988 Last Structure Change Effective Date: July 01, 2009 Last Structure Change Process Date: September 25, 2009 Last Data Update: September 25, 2009 Data Source Date: April 05, 2012
Location
Address: 201 South Main Street, Salt Lake City, UT 84111 County: Salt Lake Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: Atlanta 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: $67,995.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2008)
Dollar figures in thousands
857Total employees (full-time equivalent)
$61,809,503Total assets
$22,752,834Cash and due from depository institutions
$22,750,877Interest-bearing balances
$3,901,141Securities
$3,633,000Federal funds sold & reverse repurchase agreements
$23,754,568Net loans & leases
$840,082Loan loss allowance
$228,075Trading account assets
$14,348Bank premises and fixed assets
$23,630Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$7,501,907All other assets
$61,809,503Total liabilities and capital
$58,472,861Total liabilities
$53,620,324Total deposits
$53,597,084Interest-bearing deposits
$53,620,324Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$3,612Trading liabilities
$3,816,359Other borrowed funds
$0Subordinated debt
$1,032,566All other liabilities
$3,336,642Total equity capital
$3,336,642Total bank equity capital
$3,336,642Perpetual preferred stock
$1,000,000Common stock
$1,000Surplus
$6,077,681Undivided profits
Memoranda
$-3,742,039Noncurrent loans and leases
$27,454,094Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$294,389Earning assets
$9,868Long-term assets (5+ years)
$111,839Average Assets, year-to-date
$54,264,512Average Assets, quarterly
$3,369,983Volatile liabilities
$64,526,291Insider loans
$61,726,394FHLB advances
$3,947,000Loans and leases held for sale
$0Unused loan commitments
$3,750,000Tier 1 (core) risk-based capital
$88,520,359Tier 2 risk-based capital
$1,019,324Total risk weighted assets
$27,454,094Total unused commitments
$915Restructured Loans and leases
$495,203Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$2,665,559Total interest income
$931,465Total interest expense
$1,734,094Net interest income
$863,088Provision for loan and lease losses
$1,436,494Total noninterest income
$13,811Fiduciary activities
$0Service charges on deposit accounts
-$217,921Trading account gains & fees
$1,640,604Additional noninterest income
$880,030Total noninterest expense
$137,187Salaries and employee benefits
$15,559Premises and equipment expense
$727,284Additional noninterest expense
$1,427,470Pre-tax net operating income
-$7,757,790Securities gains (losses)
-$2,501,661Applicable income taxes
-$3,828,659Income before extraordinary items
-$47,589Extraordinary gains - net
-$3,876,248Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$192,740Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.61%Yield on earning assets
1.61%Cost of funding earning assets
3.00%Net interest margin
2.49%Noninterest income to earning assets
1.52%Noninterest expense to earning assets
1.76%Net operating income to assets
-6.01%Return on assets (ROA)
-9.88%Pretax return on assets
-102.98%Return on equity (ROE)
-102.98%Retained earnings to average equity (YTD only)
0.72%Net charge-offs to loans
447.80%Credit loss provision to net charge-offs
11.88%Efficiency ratio
27,756Assets per employee
72.12%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.42%Loss allowance to noncurrent loans
285.36%Noncurrent assets plus other real estate owned to assets
0.51%Noncurrent loans to loans
1.20%Net loans and leases to deposits
44.30%Net loans and leases to core deposits
44.46%Equity capital to assets
5.40%Core capital (leverage) ratio
6.98%Tier 1 risk-based capital ratio
11.15%Total risk-based capital ratio
Memoranda
$12Average assets
$64,526,291Average earning assets
$3,764,023Average equity
$57,777,684Average loans
Total Fiduciary and Related Assets (December 31, 2007)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$15,548,268Managed Assets
1Number of Accounts
$15,548,268Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Investment management agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$15,548,268Non-managed Assets
2Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
Bank Assets Sold and Securitized (December 31, 2007)
Dollar figures in thousands
Principal balance with servicing or other recourse retained
$4,1881-4 family residential loans
$0Home equity lines
$0Credit cards receivables
$0Auto loans
$0Other consumer loans
$0Commercial and industrial loans
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