American Bank of Commerce in Provo, Utah (UT)
Overview, Financial Summary, Detailed Financial Reports, Branches

American Bank of Commerce - Overview

  • General
  • FDIC Certificate #: 34232
    Status: Active
    Federal Reserve ID: 2493697
    Bank Holding Company (Regulatory Top Holder): Ambancorp (RSSDID: 3717260, Location: Provo, UT)
    Date Established: August 26, 1996
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 56991
    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 26, 1996
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 3670 North University Avenue, Provo, UT 84604
    County: Utah
    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): Provo-Orem, UT (#6520)
    Core Based Statistical Area (CBSA): Provo-Orem, UT (#39340)
    CBSA Metro Statistical Area: Provo-Orem, UT (#39340)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $46.2 mil
    Equity capital: $8.2 mil
    Deposits held in domestic offices: $37.8 mil
    Return on assets (ROA): 0.41% ($0.2 mil)
    Quarterly return on assets: 0.28% ($0.1 mil)
    Return on Equity (ROE): 2.55% ($0.2 mil)
    Quarterly return on equity: 1.62% ($0.1 mil)
    Net income: $0.2 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.77% ($356.0 mil)
    Quarterly Pretax return on assets: 1.70% ($785.9 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
  • 24Total employees (full-time equivalent)
  • $46,229Total assets
  • $814Cash and due from depository institutions
  • $0Interest-bearing balances
  • $0Securities
  • $9,112Federal funds sold & reverse repurchase agreements
  • $32,338Net loans & leases
  • $1,043Loan loss allowance
  • $0Trading account assets
  • $2,762Bank premises and fixed assets
  • $179Other real estate owned
  • $0Goodwill and other intangibles
  • $46,229Life insurance assets
  • $1,024All other assets
  • $38,046Total liabilities and capital
  • $37,765Total liabilities
  • $24,699Total deposits
  • $37,765Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $56Trading liabilities
  • $0Other borrowed funds
  • $225Subordinated debt
  • $8,183All other liabilities
  • $8,183Total equity capital
  • $8,183Total bank equity capital
  • $0Perpetual preferred stock
  • $1,523Common stock
  • $4,928Surplus
  • $1,732Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,094Income earned, not collected on loans
  • $0Earning assets
  • $133Long-term assets (5+ years)
  • $41,450Average Assets, year-to-date
  • $1,420Average Assets, quarterly
  • $50,245Volatile liabilities
  • $47,110Insider loans
  • $37,885FHLB advances
  • $46,072Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $8,183Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,131Restructured Loans and leases
  • $1,477Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,453Total interest income
  • $228Total interest expense
  • $2,225Net interest income
  • $307Provision for loan and lease losses
  • $1,178Total noninterest income
  • $0Fiduciary activities
  • $107Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,071Additional noninterest income
  • $2,709Total noninterest expense
  • $1,542Salaries and employee benefits
  • $293Premises and equipment expense
  • $874Additional noninterest expense
  • $387Pre-tax net operating income
  • $0Securities gains (losses)
  • $181Applicable income taxes
  • $206Income before extraordinary items
  • $0Extraordinary gains - net
  • $206Net income attributable to bank
  • $0Net charge-offs
  • $206Cash dividends
  • $124Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.64%Yield on earning assets
  • 0.52%Cost of funding earning assets
  • 5.12%Net interest margin
  • 2.71%Noninterest income to earning assets
  • 6.23%Noninterest expense to earning assets
  • 0.41%Net operating income to assets
  • 0.41%Return on assets (ROA)
  • 0.77%Pretax return on assets
  • 2.55%Return on equity (ROE)
  • 2.55%Retained earnings to average equity (YTD only)
  • 0.40%Net charge-offs to loans
  • 247.58%Credit loss provision to net charge-offs
  • 5.60%Efficiency ratio
  • 79,606Assets per employee
  • 1.93%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.12%Loss allowance to noncurrent loans
  • 49.81%Noncurrent assets plus other real estate owned to assets
  • 4.92%Noncurrent loans to loans
  • 6.27%Net loans and leases to deposits
  • 85.63%Net loans and leases to core deposits
  • 93.57%Equity capital to assets
  • 17.70%Core capital (leverage) ratio
  • 17.76%Tier 1 risk-based capital ratio
  • 21.60%Total risk-based capital ratio
  • Memoranda
  • $23Average assets
  • $50,245Average earning assets
  • $8,068Average equity
  • $43,465Average loans

List of branches

  • 5 Utah Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    056991American Bank Of Commerce3670 North University Avenue, Provo, UT 84604August 26, 1996Full Service Brick and Mortar
    1423262Heber Branch620 West 100 South, Heber City, UT 84032November 13, 2001Full Service Brick and Mortar
    2423263Mobile Service Branch3670 North University Avenue, Provo, UT 84604November 19, 2001Limited Service Messenger
    3466286Administrative Branch3670 N University Ave, Provo, UT 84604January 22, 2007Limited Service Administrative
    4510965Lindon Branch144 South State Street, Lindon, UT 84042April 28, 2010Full Service Brick and Mortar

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