American Express Bank, FSB. in Salt Lake City, Utah (UT)
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| American Express Bank, FSB. | |
|---|---|
| General | FDIC Certificate #: 35328 Status: Active Federal Reserve ID: 2966306 Bank Holding Company (Regulatory Top Holder): American Express Company (RSSDID: 1275216, Location: New York, NY) Date Established: December 01, 2000 WWW: http://www.americanexpress.com Trust Powers Granted: No Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 15648 FDIC's unique #: 78234 Numeric code: 33 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: No Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: December 01, 2000 Last Structure Change Effective Date: July 21, 2011 Last Structure Change Process Date: July 21, 2011 Last Data Update: July 21, 2011 Data Source Date: April 05, 2012 |
| Location | Address: 4315 South 2700 West, Salt Lake City, UT 84184 County: Salt Lake 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): Salt Lake City, UT (#41620) CBSA Metro Statistical Area: Salt Lake City, UT (#41620) |
| History of Changes | Change in Primary Regulatory Agency |
| Financial Summary | Total assets: $35,401.8 mil Equity capital: $6,557.1 mil Deposits held in domestic offices: $21,418.1 mil Return on assets (ROA): 3.58% ($1,267.4 mil) Quarterly return on assets: 4.50% ($1,593.1 mil) Return on Equity (ROE): 21.70% ($1,422.9 mil) Quarterly return on equity: 25.83% ($1,693.7 mil) Net income: $1,348.3 mil Quarterly Net income: $422.9 mil Pretax return on assets: 5.71% ($2,021,442.4 mil) Quarterly Pretax return on assets: 7.15% ($2,531,228.3 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 221 |
| Total assets | $35,401,794 |
| Cash and due from depository institutions | $4,247,978 |
| Interest-bearing balances | $4,241,902 |
| Securities | $1,160,571 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $28,499,055 |
| Loan loss allowance | $783,495 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $180 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $1,494,010 |
| Life insurance assets | $35,401,794 |
| Total liabilities and capital | $28,844,653 |
| Total liabilities | $21,418,106 |
| Total deposits | $21,323,437 |
| Interest-bearing deposits | $21,418,106 |
| Deposits held in domestic offices | $87 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $4,676,120 |
| Other borrowed funds | $400,000 |
| Subordinated debt | $2,350,427 |
| All other liabilities | $6,557,141 |
| Total equity capital | $6,557,141 |
| Total bank equity capital | $6,557,141 |
| Perpetual preferred stock | $0 |
| Common stock | $1 |
| Surplus | $3,490,256 |
| Undivided profits | $3,066,884 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $400,067 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $104,384 |
| Average Assets, year-to-date | $33,901,528 |
| Average Assets, quarterly | $0 |
| Volatile liabilities | $37,619,104 |
| Insider loans | $37,568,362 |
| FHLB advances | $37,277,579 |
| Loans and leases held for sale | $35,337,756 |
| Unused loan commitments | $19,968 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $6,493,103 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $147,161,724 |
| Derivatives | $773 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $2,554,706 |
| Total interest expense | $571,765 |
| Net interest income | $1,982,941 |
| Provision for loan and lease losses | $423,073 |
| Total noninterest income | $5,228,779 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $35 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $5,228,744 |
| Total noninterest expense | $4,639,064 |
| Salaries and employee benefits | $29,903 |
| Premises and equipment expense | $21,366 |
| Additional noninterest expense | $4,587,795 |
| Pre-tax net operating income | $2,149,583 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $801,233 |
| Income before extraordinary items | $1,348,350 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $1,348,350 |
| Net charge-offs | $0 |
| Cash dividends | $1,348,350 |
| Sale, conversion, retirement of capital stock, net | $878,819 |
| Net operating income | $550,000 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 7.06% |
| Cost of funding earning assets | 1.58% |
| Net interest margin | 5.48% |
| Noninterest income to earning assets | 14.45% |
| Noninterest expense to earning assets | 12.82% |
| Net operating income to assets | 3.58% |
| Return on assets (ROA) | 3.58% |
| Pretax return on assets | 5.71% |
| Return on equity (ROE) | 21.70% |
| Retained earnings to average equity (YTD only) | 12.85% |
| Net charge-offs to loans | 3.29% |
| Credit loss provision to net charge-offs | 48.14% |
| Efficiency ratio | 2.93% |
| Assets per employee | $64,327 |
| Cash dividends to net income (YTD only) | 160.19% |
| Condition Ratios (%) | |
| Loss allowance to loans | 40.79% |
| Loss allowance to noncurrent loans | 2.68% |
| Noncurrent assets plus other real estate owned to assets | 195.84% |
| Noncurrent loans to loans | 1.13% |
| Net loans and leases to deposits | 1.37% |
| Net loans and leases to core deposits | 133.06% |
| Equity capital to assets | 182.54% |
| Core capital (leverage) ratio | 18.52% |
| Tier 1 risk-based capital ratio | 18.37% |
| Total risk-based capital ratio | 17.42% |
| Memoranda | |
| Average assets | $20 |
| Average earning assets | $37,619,104 |
| Average equity | $6,212,755 |
| Average loans | $36,178,397 |
| Total Fiduciary and Related Assets (December 31, 2005) (Dollar figures in thousands) | |
| Total fiduciary and related assets | $1 |
| Number of Fiduciary Accounts and Related Asset Accounts | 1 |
| Fiduciary powers granted | Yes |
| Fiduciary or related activity | Yes |
| Managed Assets | $214,922 |
| Number of Accounts | 1 |
| Personal trust and agency accounts | $214,922 |
| Employee benefit-defined contribution accounts | $180,101 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $0 |
| Corporate trust and agency accounts | $0 |
| Investment management agency accounts | $0 |
| Other fiduciary accounts | $34,821 |
| Fiduciary accounts held in foreign offices | $0 |
| Non-managed Assets | $0 |
| Number of Accounts | 587 |
| Personal trust and agency accounts | $0 |
| Employee benefit-defined contribution accounts | $0 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $0 |
| Corporate trust and agency accounts | $0 |
| Other fiduciary accounts | $0 |
| Fiduciary accounts held in foreign offices | $0 |
| 1 Utah Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 78234 | American Express Bank, Fsb. | 4315 South 2700 West, Salt Lake City, UT 84184 | December 01, 2000 | Full Service Brick and Mortar |  |
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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.