FDIC Certificate #: 33891 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:JPMorgan Chase Bank, National Association (#628) Federal Reserve ID: 2187071 Date Established: April 15, 1994 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 11905 FDIC's unique #: 54060 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: April 15, 1994 Last Structure Change Effective Date: September 25, 2008 Last Structure Change Process Date: October 08, 2008 Last Data Update: October 08, 2008 Data Source Date: April 05, 2012
Location
Address: 6250 North Sagewood Drive, Park City, UT 84098 County: Summit Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: New York FDIC Field Office: Salt Lake City Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: West 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: $46,048.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2007)
Dollar figures in thousands
208Total employees (full-time equivalent)
$42,775,480Total assets
$298,179Cash and due from depository institutions
$13Interest-bearing balances
$29,592,289Securities
$0Federal funds sold & reverse repurchase agreements
$11,660,200Net loans & leases
$172,138Loan loss allowance
$14,512Trading account assets
$10,464Bank premises and fixed assets
$328Other real estate owned
$109Goodwill and other intangibles
$0Life insurance assets
$1,199,399All other assets
$42,775,480Total liabilities and capital
$13,268,200Total liabilities
$689,588Total deposits
$660,173Interest-bearing deposits
$689,588Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$12,148,596Other borrowed funds
$0Subordinated debt
$430,016All other liabilities
$29,507,280Total equity capital
$29,507,280Total bank equity capital
$29,507,280Perpetual preferred stock
$0Common stock
$0Surplus
$29,321,346Undivided profits
Memoranda
$185,934Noncurrent loans and leases
$21,886,662Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$46,908Earning assets
$74Long-term assets (5+ years)
$231,979Average Assets, year-to-date
$41,267,014Average Assets, quarterly
$0Volatile liabilities
$39,537,311Insider loans
$42,402,475FHLB advances
$12,231,984Loans and leases held for sale
$0Unused loan commitments
$9,330,001Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$21,886,662Total unused commitments
$9,044Restructured Loans and leases
$172,264Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$2,221,157Total interest income
$345,149Total interest expense
$1,876,008Net interest income
$161,519Provision for loan and lease losses
$130,075Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
-$1,450Trading account gains & fees
$131,525Additional noninterest income
$127,165Total noninterest expense
$11,894Salaries and employee benefits
$6,784Premises and equipment expense
$108,487Additional noninterest expense
$1,717,399Pre-tax net operating income
-$293,425Securities gains (losses)
$514,416Applicable income taxes
$909,558Income before extraordinary items
$0Extraordinary gains - net
$909,558Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$111,810Sale, conversion, retirement of capital stock, net
$2,600,000Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.84%Yield on earning assets
0.91%Cost of funding earning assets
4.93%Net interest margin
0.34%Noninterest income to earning assets
0.33%Noninterest expense to earning assets
2.78%Net operating income to assets
2.30%Return on assets (ROA)
3.60%Pretax return on assets
2.92%Return on equity (ROE)
-5.42%Retained earnings to average equity (YTD only)
0.89%Net charge-offs to loans
144.46%Credit loss provision to net charge-offs
16.80%Efficiency ratio
6,339Assets per employee
205.65%Cash dividends to net income (YTD only)
Condition Ratios (%)
285.85%Loss allowance to loans
1.45%Loss allowance to noncurrent loans
366.97%Noncurrent assets plus other real estate owned to assets
0.11%Noncurrent loans to loans
0.40%Net loans and leases to deposits
1690.89%Net loans and leases to core deposits
1923.49%Equity capital to assets
68.98%Core capital (leverage) ratio
68.95%Tier 1 risk-based capital ratio
145.45%Total risk-based capital ratio
Memoranda
$146Average assets
$39,537,311Average earning assets
$31,163,446Average equity
$38,055,006Average loans
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