Advanta Bank Corp. in Draper, Utah (UT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 19, 2010

  • Advanta Bank Corp. in Draper, Utah (UT)
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Advanta Bank Corp. - Overview

  • General
  • FDIC Certificate #: 33535
    Status: Inactive
    Federal Reserve ID: 1916751
    Date Established: December 16, 1991
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 47415
    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: December 16, 1991
    Last Structure Change Effective Date: March 19, 2010
    Last Structure Change Process Date: March 22, 2010
    Last Data Update: March 22, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 11850 South Election Drive, Draper, UT 84020
    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
  • Financial Difficulty - Payoff
  • Financial Summary
  • Total assets: $1,525.9 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, 2009)

  • Dollar figures in thousands
  • 124Total employees (full-time equivalent)
  • $1,525,931Total assets
  • $638,246Cash and due from depository institutions
  • $624,626Interest-bearing balances
  • $96,902Securities
  • $178Federal funds sold & reverse repurchase agreements
  • $591,839Net loans & leases
  • $160,079Loan loss allowance
  • $0Trading account assets
  • $2,455Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $196,311All other assets
  • $1,525,931Total liabilities and capital
  • $1,566,482Total liabilities
  • $1,519,471Total deposits
  • $1,498,734Interest-bearing deposits
  • $1,519,471Deposits held in domestic offices
  • 98.84%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $2,060Other borrowed funds
  • $0Subordinated debt
  • $44,951All other liabilities
  • $-40,551Total equity capital
  • $-40,551Total bank equity capital
  • $-40,551Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $93,207Undivided profits
  • Memoranda
  • $-133,758Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $71,142Earning assets
  • $0Long-term assets (5+ years)
  • $6,245Average Assets, year-to-date
  • $1,313,545Average Assets, quarterly
  • $21,303Volatile liabilities
  • $2,552,586Insider loans
  • $1,905,059FHLB advances
  • $375,541Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $34,932Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $127,119Total interest income
  • $86,539Total interest expense
  • $40,580Net interest income
  • $278,896Provision for loan and lease losses
  • -$16,258Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$16,258Additional noninterest income
  • $227,305Total noninterest expense
  • $49,063Salaries and employee benefits
  • $5,801Premises and equipment expense
  • $172,441Additional noninterest expense
  • -$481,879Pre-tax net operating income
  • -$6,580Securities gains (losses)
  • -$37,165Applicable income taxes
  • -$451,294Income before extraordinary items
  • $0Extraordinary gains - net
  • -$451,294Net income attributable to bank
  • $0Net charge-offs
  • -$451,294Cash dividends
  • $201,296Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.97%Yield on earning assets
  • 4.07%Cost of funding earning assets
  • 1.91%Net interest margin
  • -0.76%Noninterest income to earning assets
  • 10.68%Noninterest expense to earning assets
  • -17.44%Net operating income to assets
  • -17.68%Return on assets (ROA)
  • -19.14%Pretax return on assets
  • -251.29%Return on equity (ROE)
  • -251.29%Retained earnings to average equity (YTD only)
  • 36.19%Net charge-offs to loans
  • 138.55%Credit loss provision to net charge-offs
  • -1.01%Efficiency ratio
  • 934,533Assets per employee
  • 12.31%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 21.29%Loss allowance to noncurrent loans
  • 225.01%Noncurrent assets plus other real estate owned to assets
  • 4.66%Noncurrent loans to loans
  • 9.46%Net loans and leases to deposits
  • 38.95%Net loans and leases to core deposits
  • 51.74%Equity capital to assets
  • -2.66%Core capital (leverage) ratio
  • -2.00%Tier 1 risk-based capital ratio
  • -4.07%Total risk-based capital ratio
  • Memoranda
  • -$4Average assets
  • $2,552,586Average earning assets
  • $179,587Average equity
  • $2,127,565Average loans

Bank Assets Sold and Securitized (December 31, 2009)

  • Dollar figures in thousands
  • Principal balance with servicing or other recourse retained
  • $01-4 family residential loans
  • $0Home equity lines
  • $0Credit cards receivables
  • $0Auto loans
  • $0Other consumer loans
  • $1,599,319Commercial and industrial loans

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