FDIC Certificate #: 58009 Status: Inactive Federal Reserve ID: 3376461 Date Established: August 24, 2005 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 433598 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: August 24, 2005 Last Structure Change Effective Date: December 30, 2011 Last Structure Change Process Date: January 04, 2012 Last Data Update: January 04, 2012 Data Source Date: April 05, 2012
Location
Address: 4001 South 700 East Suite 410, Salt Lake City, UT 84107 County: Salt Lake 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 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
Other Liquidations and Closings
Change in Insurance Status
Financial Summary
Total assets: $1,570.2 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2010)
Dollar figures in thousands
26Total employees (full-time equivalent)
$2,557,493Total assets
$1,287,050Cash and due from depository institutions
$1,263,872Interest-bearing balances
$186,365Securities
$0Federal funds sold & reverse repurchase agreements
$945,954Net loans & leases
$0Loan loss allowance
$131,767Trading account assets
$1,084Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$5,273All other assets
$2,557,493Total liabilities and capital
$1,696,397Total liabilities
$1,642,375Total deposits
$1,642,375Interest-bearing deposits
$1,642,375Deposits held in domestic offices
99.48%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$15,974Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$38,048All other liabilities
$861,096Total equity capital
$861,096Total bank equity capital
$861,096Perpetual preferred stock
$0Common stock
$100Surplus
$1,217,276Undivided profits
Memoranda
$-356,280Noncurrent loans and leases
$670,318Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,100Earning assets
$0Long-term assets (5+ years)
$878Average Assets, year-to-date
$2,396,191Average Assets, quarterly
$19,070Volatile liabilities
$3,012,618Insider loans
$2,703,209FHLB advances
$908,755Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$5,130,917Tier 2 risk-based capital
$945,954Total risk weighted assets
$670,318Total unused commitments
$1,729Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$51,551Total interest income
$89,757Total interest expense
-$38,206Net interest income
-$1,501Provision for loan and lease losses
$164,471Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$71,485Trading account gains & fees
$92,986Additional noninterest income
-$39,497Total noninterest expense
$4,659Salaries and employee benefits
$1,461Premises and equipment expense
-$45,617Additional noninterest expense
$167,263Pre-tax net operating income
$0Securities gains (losses)
$6,103Applicable income taxes
$161,160Income before extraordinary items
$0Extraordinary gains - net
$161,160Net income attributable to bank
$0Net charge-offs
$161,160Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
1.87%Yield on earning assets
3.26%Cost of funding earning assets
-1.39%Net interest margin
5.97%Noninterest income to earning assets
-1.43%Noninterest expense to earning assets
5.35%Net operating income to assets
5.35%Return on assets (ROA)
5.55%Pretax return on assets
21.48%Return on equity (ROE)
21.48%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
-31,281Assets per employee
98.37%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.00%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.04%Noncurrent loans to loans
0.12%Net loans and leases to deposits
57.60%Net loans and leases to core deposits
126.20%Equity capital to assets
33.67%Core capital (leverage) ratio
31.51%Tier 1 risk-based capital ratio
62.89%Total risk-based capital ratio
Memoranda
$63Average assets
$3,012,618Average earning assets
$750,281Average equity
$2,756,355Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Woodlands Commercial Bank.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: