FDIC Certificate #: 34599 Status: Active Federal Reserve ID: 2649177 Date Established: January 16, 1998 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 #: 60763 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: Commercial Lending Specialization Date of Deposit Insurance: January 16, 1998 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 1245 East Brickyard Road, Suite 250, Salt Lake City, UT 84106 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
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $748.3 mil Equity capital: $56.6 mil Deposits held in domestic offices: $643.1 mil Return on assets (ROA): 11.11% ($83.1 mil) Quarterly return on assets: 11.61% ($86.8 mil) Return on Equity (ROE): 154.83% ($88.3 mil) Quarterly return on equity: 156.77% ($89.4 mil) Net income: $80.5 mil Quarterly Net income: $21.4 mil Pretax return on assets: 17.84% ($133,504.9 mil) Quarterly Pretax return on assets: 19.13% ($143,158.6 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
Dollar figures in thousands
16Total employees (full-time equivalent)
$748,346Total assets
$24,443Cash and due from depository institutions
$553Interest-bearing balances
$291,360Securities
$0Federal funds sold & reverse repurchase agreements
$380,034Net loans & leases
$16,563Loan loss allowance
$0Trading account assets
$57Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$748,346Life insurance assets
$52,452All other assets
$691,729Total liabilities and capital
$643,101Total liabilities
$593,329Total deposits
$643,101Interest-bearing deposits
$70Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$4,402Trading liabilities
$0Other borrowed funds
$44,226Subordinated debt
$56,617All other liabilities
$56,617Total equity capital
$56,617Total bank equity capital
$0Perpetual preferred stock
$1Common stock
$97,839Surplus
$-41,223Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$11,203Income earned, not collected on loans
$0Earning assets
$3,562Long-term assets (5+ years)
$671,947Average Assets, year-to-date
$216,036Average Assets, quarterly
$724,785Volatile liabilities
$737,021Insider loans
$489,387FHLB advances
$733,733Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$52,392Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$7,138,465Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$105,526Total interest income
$2,995Total interest expense
$102,531Net interest income
$8,780Provision for loan and lease losses
$38,695Total noninterest income
$0Fiduciary activities
$3,091Service charges on deposit accounts
$0Trading account gains & fees
$35,604Additional noninterest income
$2,426Total noninterest expense
$1,365Salaries and employee benefits
$150Premises and equipment expense
$911Additional noninterest expense
$130,020Pre-tax net operating income
-$694Securities gains (losses)
$48,793Applicable income taxes
$80,533Income before extraordinary items
$0Extraordinary gains - net
$80,533Net income attributable to bank
$0Net charge-offs
$80,533Cash dividends
$12,299Sale, conversion, retirement of capital stock, net
$79,700Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
15.64%Yield on earning assets
0.44%Cost of funding earning assets
15.20%Net interest margin
5.74%Noninterest income to earning assets
0.36%Noninterest expense to earning assets
11.17%Net operating income to assets
11.11%Return on assets (ROA)
17.84%Pretax return on assets
154.83%Return on equity (ROE)
1.60%Retained earnings to average equity (YTD only)
3.13%Net charge-offs to loans
71.39%Credit loss provision to net charge-offs
11.29%Efficiency ratio
1,718Assets per employee
46.77%Cash dividends to net income (YTD only)
Condition Ratios (%)
98.97%Loss allowance to loans
4.18%Loss allowance to noncurrent loans
147.84%Noncurrent assets plus other real estate owned to assets
1.50%Noncurrent loans to loans
2.82%Net loans and leases to deposits
59.09%Net loans and leases to core deposits
59.09%Equity capital to assets
7.57%Core capital (leverage) ratio
7.14%Tier 1 risk-based capital ratio
10.71%Total risk-based capital ratio
Memoranda
$12Average assets
$724,785Average earning assets
$52,015Average equity
$674,706Average loans
List of branches
1 Utah Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
60763
The Pitney Bowes Bank, Inc.
1245 East Brickyard Road, Suite 250, Salt Lake City, UT 84106
January 16, 1998
Full Service Brick and Mortar
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