America West Bank in Layton, Utah (UT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 01, 2009

  • America West Bank in Layton, Utah (UT)
  • Show street view No street view available for this location

America West Bank - Overview

  • General
  • FDIC Certificate #: 35461
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Cache Valley Bank (#22134)
    Federal Reserve ID: 2913346
    Date Established: May 18, 2000
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    FDIC's unique #: 80242
    Numeric code: 21
    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: May 18, 2000
    Last Structure Change Effective Date: May 01, 2009
    Last Structure Change Process Date: May 05, 2009
    Last Data Update: May 05, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 476 West Heritage Park Boulevard, Suite 100, Layton, UT 84041
    County: Davis
    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): Ogden-Clearfield, UT (#36260)
    CBSA Metro Statistical Area: Ogden-Clearfield, UT (#36260)
  • History of Changes
  • Absorption - Assisted
    Corrections
  • Financial Summary
  • Total assets: $281.6 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, 2008)

  • Dollar figures in thousands
  • 58Total employees (full-time equivalent)
  • $299,424Total assets
  • $1,353Cash and due from depository institutions
  • $1,060Interest-bearing balances
  • $30,195Securities
  • $9,508Federal funds sold & reverse repurchase agreements
  • $230,712Net loans & leases
  • $6,736Loan loss allowance
  • $0Trading account assets
  • $1,052Bank premises and fixed assets
  • $23,320Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $3,284All other assets
  • $299,424Total liabilities and capital
  • $286,618Total liabilities
  • $284,065Total deposits
  • $279,206Interest-bearing deposits
  • $284,065Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,231Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $1,322All other liabilities
  • $12,806Total equity capital
  • $12,806Total bank equity capital
  • $12,806Perpetual preferred stock
  • $0Common stock
  • $3,307Surplus
  • $16,443Undivided profits
  • Memoranda
  • $-6,944Noncurrent loans and leases
  • $14,172Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $43,081Earning assets
  • $0Long-term assets (5+ years)
  • $1,434Average Assets, year-to-date
  • $271,475Average Assets, quarterly
  • $67,710Volatile liabilities
  • $293,678Insider loans
  • $306,624FHLB advances
  • $25,039Loans and leases held for sale
  • $3,796Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $199Total risk weighted assets
  • $14,172Total unused commitments
  • $3,556Restructured Loans and leases
  • $2,897Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $20,716Total interest income
  • $11,740Total interest expense
  • $8,976Net interest income
  • $13,738Provision for loan and lease losses
  • $412Total noninterest income
  • $0Fiduciary activities
  • $29Service charges on deposit accounts
  • $0Trading account gains & fees
  • $383Additional noninterest income
  • $6,829Total noninterest expense
  • $4,138Salaries and employee benefits
  • $876Premises and equipment expense
  • $1,815Additional noninterest expense
  • -$11,179Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$11,179Income before extraordinary items
  • $0Extraordinary gains - net
  • -$11,179Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $9,672Sale, conversion, retirement of capital stock, net
  • $4,230Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.45%Yield on earning assets
  • 4.22%Cost of funding earning assets
  • 3.23%Net interest margin
  • 0.15%Noninterest income to earning assets
  • 2.46%Noninterest expense to earning assets
  • -3.81%Net operating income to assets
  • -3.81%Return on assets (ROA)
  • -3.81%Pretax return on assets
  • -50.93%Return on equity (ROE)
  • -70.19%Retained earnings to average equity (YTD only)
  • 3.82%Net charge-offs to loans
  • 142.04%Credit loss provision to net charge-offs
  • 0.26%Efficiency ratio
  • 72,742Assets per employee
  • 5.16%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -37.84%Loss allowance to loans
  • 2.84%Loss allowance to noncurrent loans
  • 15.64%Noncurrent assets plus other real estate owned to assets
  • 22.18%Noncurrent loans to loans
  • 18.14%Net loans and leases to deposits
  • 81.22%Net loans and leases to core deposits
  • 88.65%Equity capital to assets
  • 4.28%Core capital (leverage) ratio
  • 4.20%Tier 1 risk-based capital ratio
  • 5.75%Total risk-based capital ratio
  • Memoranda
  • $7Average assets
  • $293,678Average earning assets
  • $21,952Average equity
  • $278,006Average loans

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