FDIC Certificate #: 34404 Status: Active Federal Reserve ID: 2576134 Date Established: May 15, 1997 WWW:http://www.webbank.com 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 #: 57167 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: May 15, 1997 Last Structure Change Effective Date: March 16, 2012 Last Structure Change Process Date: March 16, 2012 Last Data Update: March 16, 2012 Data Source Date: April 05, 2012
Location
Address: 215 South State Street, Suite 800, Salt Lake City, UT 84111 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: $124.7 mil Equity capital: $25.2 mil Deposits held in domestic offices: $96.0 mil Return on assets (ROA): 6.11% ($7.6 mil) Quarterly return on assets: 5.95% ($7.4 mil) Return on Equity (ROE): 27.36% ($6.8 mil) Quarterly return on equity: 30.16% ($7.5 mil) Net income: $6.0 mil Quarterly Net income: $1.8 mil Pretax return on assets: 7.26% ($9,050.7 mil) Quarterly Pretax return on assets: 8.85% ($11,032.9 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
30Total employees (full-time equivalent)
$124,665Total assets
$76,856Cash and due from depository institutions
$76,706Interest-bearing balances
$515Securities
$781Federal funds sold & reverse repurchase agreements
$43,762Net loans & leases
$529Loan loss allowance
$0Trading account assets
$423Bank premises and fixed assets
$333Other real estate owned
$25Goodwill and other intangibles
$124,665Life insurance assets
$1,970All other assets
$99,443Total liabilities and capital
$95,951Total liabilities
$95,951Total deposits
$95,951Interest-bearing deposits
$91Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$3,492Subordinated debt
$25,222All other liabilities
$25,222Total equity capital
$25,222Total bank equity capital
$0Perpetual preferred stock
$1,109Common stock
$25,366Surplus
$-1,253Undivided profits
Memoranda
$0Noncurrent loans and leases
$31,363Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,011Income earned, not collected on loans
$191Earning assets
$24Long-term assets (5+ years)
$121,764Average Assets, year-to-date
$1,342Average Assets, quarterly
$98,195Volatile liabilities
$123,232Insider loans
$43,829FHLB advances
$123,221Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$25,183Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$113,349Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$10,749Total interest income
$941Total interest expense
$9,808Net interest income
$8Provision for loan and lease losses
$4,054Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$4,054Additional noninterest income
$6,728Total noninterest expense
$4,328Salaries and employee benefits
$287Premises and equipment expense
$2,113Additional noninterest expense
$7,126Pre-tax net operating income
$0Securities gains (losses)
$1,124Applicable income taxes
$6,002Income before extraordinary items
$0Extraordinary gains - net
$6,002Net income attributable to bank
$0Net charge-offs
$6,002Cash dividends
$1,019Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
11.26%Yield on earning assets
0.99%Cost of funding earning assets
10.28%Net interest margin
4.25%Noninterest income to earning assets
7.05%Noninterest expense to earning assets
6.11%Net operating income to assets
6.11%Return on assets (ROA)
7.26%Pretax return on assets
27.36%Return on equity (ROE)
27.36%Retained earnings to average equity (YTD only)
2.80%Net charge-offs to loans
0.79%Credit loss provision to net charge-offs
7.00%Efficiency ratio
48,413Assets per employee
4.16%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.19%Loss allowance to noncurrent loans
52.32%Noncurrent assets plus other real estate owned to assets
1.08%Noncurrent loans to loans
2.28%Net loans and leases to deposits
45.61%Net loans and leases to core deposits
174.00%Equity capital to assets
20.23%Core capital (leverage) ratio
20.44%Tier 1 risk-based capital ratio
57.46%Total risk-based capital ratio
Memoranda
$59Average assets
$98,195Average earning assets
$21,941Average equity
$95,444Average loans
List of branches
1 Utah Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
57167
Webbank
215 South State Street, Suite 800, Salt Lake City, UT 84111
May 15, 1997
Full Service Brick and Mortar
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