Ally Bank in Midvale, Utah (UT), PA



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Ally Bank
GeneralFDIC Certificate #: 57803
Status: Active
Federal Reserve ID: 3284070
Bank Holding Company (Regulatory Top Holder): Ally Financial Inc. (RSSDID: 1562859, Location: Detroit, MI)
Date Established: August 02, 2004
WWW: http://www.ally.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Domestic: 2, Interstate: Yes)
FDIC's unique #: 425730
Numeric code: 21
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: August 02, 2004
Last Structure Change Effective Date: October 01, 2009
Last Structure Change Process Date: October 28, 2009
Last Data Update: October 28, 2009
Data Source Date: April 05, 2012
LocationAddress: 6985 Union Park Center Suite 435, Midvale, UT 84047
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 ChangesChange in Location
Change in Entity Type
Financial SummaryTotal assets: $85,331.9 mil
Equity capital: $13,061.4 mil
Deposits held in domestic offices: $41,264.3 mil
Return on assets (ROA): 1.59% ($1,356.8 mil)
Quarterly return on assets: 1.75% ($1,493.3 mil)
Return on Equity (ROE): 10.22% ($1,334.8 mil)
Quarterly return on equity: 11.16% ($1,457.6 mil)
Net income: $1,222.0 mil
Quarterly Net income: $359.6 mil
Pretax return on assets: 1.66% ($1,416,509.3 mil)
Quarterly Pretax return on assets: 1.92% ($1,638,372.2 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, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)1,033
Total assets$85,331,885
Cash and due from depository institutions$3,647,173
Interest-bearing balances$3,594,957
Securities$9,443,480
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$65,288,616
Loan loss allowance $722,389
Trading account assets$0
Bank premises and fixed assets$17
Other real estate owned$8,269
Goodwill and other intangibles$1,286,061
All other assets$5,658,269
Life insurance assets$85,331,886
Total liabilities and capital$72,270,458
Total liabilities$41,264,280
Total deposits$39,206,078
Interest-bearing deposits$41,264,280
Deposits held in domestic offices$93
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$30,454,692
Other borrowed funds $0
Subordinated debt $551,486
All other liabilities $13,061,428
Total equity capital$13,061,428
Total bank equity capital$13,061,428
Perpetual preferred stock$0
Common stock$1,000
Surplus$12,600,264
Undivided profits $460,164
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $3,861,923
Income earned, not collected on loans $314,765
Earning assets $0
Long-term assets (5+ years) $154,673
Average Assets, year-to-date $78,327,053
Average Assets, quarterly $19,722,642
Volatile liabilities $76,995,810
Insider loans $82,353,730
FHLB advances $74,284,296
Loans and leases held for sale $83,539,023
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $12,920,468
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $14,332,213
Derivatives$511
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $3,148,994
Total interest expense $1,049,489
Net interest income $2,099,505
Provision for loan and lease losses $182,007
Total noninterest income $676,836
Fiduciary activities $0
Service charges on deposit accounts $168
Trading account gains & fees $0
Additional noninterest income $676,668
Total noninterest expense $1,357,349
Salaries and employee benefits $114,023
Premises and equipment expense $599
Additional noninterest expense $1,242,727
Pre-tax net operating income $1,236,985
Securities gains (losses) $40,989
Applicable income taxes $56,019
Income before extraordinary items $1,221,955
Extraordinary gains - net $0
Net income attributable to bank $1,221,955
Net charge-offs $0
Cash dividends $1,221,955
Sale, conversion, retirement of capital stock, net $231,983
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.44%
Cost of funding earning assets 1.48%
Net interest margin 2.96%
Noninterest income to earning assets 0.96%
Noninterest expense to earning assets 1.92%
Net operating income to assets 1.54%
Return on assets (ROA) 1.59%
Pretax return on assets 1.66%
Return on equity (ROE) 10.22%
Retained earnings to average equity (YTD only) 10.22%
Net charge-offs to loans 0.39%
Credit loss provision to net charge-offs 78.46%
Efficiency ratio6.12%
Assets per employee$48,890
Cash dividends to net income (YTD only)82.61%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.09%
Noncurrent assets plus other real estate owned to assets 229.50%
Noncurrent loans to loans 0.38%
Net loans and leases to deposits0.48%
Net loans and leases to core deposits 158.22%
Equity capital to assets 235.27%
Core capital (leverage) ratio 15.31%
Tier 1 risk-based capital ratio 15.47%
Total risk-based capital ratio 17.39%
Memoranda
Average assets$18
Average earning assets$76,995,810
Average equity $11,951,873
Average loans $70,870,094
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1 Pennsylvania Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
1361255Ft Washington Branch1100 Virginia Drive, Fort Washington, PA 19034August 22, 2001Limited Service Administrative
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1 Utah Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0425730Ally Bank6985 Union Park Center Suite 435, Midvale, UT 84047August 02, 2004Full Service Brick and Mortar
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