American Express Bank, FSB. in Salt Lake City, Utah (UT)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • American Express Bank, FSB. in Salt Lake City, Utah (UT)
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American Express Bank, FSB. - Overview

  • 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
    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)

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
  • 221Total employees (full-time equivalent)
  • $35,401,794Total assets
  • $4,247,978Cash and due from depository institutions
  • $4,241,902Interest-bearing balances
  • $1,160,571Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $28,499,055Net loans & leases
  • $783,495Loan loss allowance
  • $0Trading account assets
  • $180Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $35,401,794Life insurance assets
  • $1,494,010All other assets
  • $28,844,653Total liabilities and capital
  • $21,418,106Total liabilities
  • $21,323,437Total deposits
  • $21,418,106Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,676,120Trading liabilities
  • $400,000Other borrowed funds
  • $2,350,427Subordinated debt
  • $6,557,141All other liabilities
  • $6,557,141Total equity capital
  • $6,557,141Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $3,490,256Surplus
  • $3,066,884Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $400,067Income earned, not collected on loans
  • $0Earning assets
  • $104,384Long-term assets (5+ years)
  • $33,901,528Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $37,619,104Volatile liabilities
  • $37,568,362Insider loans
  • $37,277,579FHLB advances
  • $35,337,756Loans and leases held for sale
  • $19,968Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $6,493,103Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $147,161,724Restructured Loans and leases
  • $773Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,554,706Total interest income
  • $571,765Total interest expense
  • $1,982,941Net interest income
  • $423,073Provision for loan and lease losses
  • $5,228,779Total noninterest income
  • $0Fiduciary activities
  • $35Service charges on deposit accounts
  • $0Trading account gains & fees
  • $5,228,744Additional noninterest income
  • $4,639,064Total noninterest expense
  • $29,903Salaries and employee benefits
  • $21,366Premises and equipment expense
  • $4,587,795Additional noninterest expense
  • $2,149,583Pre-tax net operating income
  • $0Securities gains (losses)
  • $801,233Applicable income taxes
  • $1,348,350Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,348,350Net income attributable to bank
  • $0Net charge-offs
  • $1,348,350Cash dividends
  • $878,819Sale, conversion, retirement of capital stock, net
  • $550,000Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.06%Yield on earning assets
  • 1.58%Cost of funding earning assets
  • 5.48%Net interest margin
  • 14.45%Noninterest income to earning assets
  • 12.82%Noninterest expense to earning assets
  • 3.58%Net operating income to assets
  • 3.58%Return on assets (ROA)
  • 5.71%Pretax return on assets
  • 21.70%Return on equity (ROE)
  • 12.85%Retained earnings to average equity (YTD only)
  • 3.29%Net charge-offs to loans
  • 48.14%Credit loss provision to net charge-offs
  • 2.93%Efficiency ratio
  • 64,327Assets per employee
  • 160.19%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 40.79%Loss allowance to loans
  • 2.68%Loss allowance to noncurrent loans
  • 195.84%Noncurrent assets plus other real estate owned to assets
  • 1.13%Noncurrent loans to loans
  • 1.37%Net loans and leases to deposits
  • 133.06%Net loans and leases to core deposits
  • 182.54%Equity capital to assets
  • 18.52%Core capital (leverage) ratio
  • 18.37%Tier 1 risk-based capital ratio
  • 17.42%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $37,619,104Average earning assets
  • $6,212,755Average equity
  • $36,178,397Average loans

Total Fiduciary and Related Assets (December 31, 2005)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $214,922Managed Assets
  • 1Number of Accounts
  • $214,922Personal trust and agency accounts
  • $180,101Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $34,821Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 587Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 1 Utah Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    078234American Express Bank, Fsb.4315 South 2700 West, Salt Lake City, UT 84184December 01, 2000Full Service Brick and Mortar

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