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


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

  • General
  • FDIC Certificate #: 27471
    Status: Active
    Federal Reserve ID: 1394676
    Bank Holding Company (Regulatory Top Holder): American Express Company (RSSDID: 1275216, Location: New York, NY)
    Date Established: March 20, 1989
    WWW: http://www.americanexpress.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 2, Foreign: 1, Interstate: No)
    FDIC's unique #: 40088
    Numeric code: 23
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Credit Card Institutions: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: Yes
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Credit-Card Specialization
    Date of Deposit Insurance: March 20, 1989
    Last Structure Change Effective Date: October 24, 2011
    Last Structure Change Process Date: October 24, 2011
    Last Data Update: October 24, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 4315 South 2700 West, Mail Code: 02-01-47, 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)
  • Financial Summary
  • Total assets: $35,152.6 mil
    Equity capital: $6,114.5 mil
    Deposits held in domestic offices: $16,055.4 mil
    Return on assets (ROA): 5.67% ($1,993.2 mil)
    Quarterly return on assets: 5.59% ($1,965.1 mil)
    Return on Equity (ROE): 28.19% ($1,723.5 mil)
    Quarterly return on equity: 30.11% ($1,840.9 mil)
    Net income: $1,708.4 mil
    Quarterly Net income: $459.4 mil
    Pretax return on assets: 9.16% ($3,219,980.4 mil)
    Quarterly Pretax return on assets: 9.16% ($3,219,980.4 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
  • 128Total employees (full-time equivalent)
  • $35,152,624Total assets
  • $13,071,931Cash and due from depository institutions
  • $13,063,156Interest-bearing balances
  • $1,324,304Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $18,879,310Net loans & leases
  • $531,075Loan loss allowance
  • $0Trading account assets
  • $129Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $35,152,624Life insurance assets
  • $1,876,950All other assets
  • $29,038,160Total liabilities and capital
  • $23,421,434Total liabilities
  • $23,394,080Total deposits
  • $16,055,366Interest-bearing deposits
  • $68Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,452,006Trading liabilities
  • $0Other borrowed funds
  • $2,164,720Subordinated debt
  • $6,114,464All other liabilities
  • $6,114,464Total equity capital
  • $6,114,464Total bank equity capital
  • $0Perpetual preferred stock
  • $50Common stock
  • $896,719Surplus
  • $5,217,695Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,334,335Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $328,193Income earned, not collected on loans
  • $0Earning assets
  • $119,335Long-term assets (5+ years)
  • $33,266,770Average Assets, year-to-date
  • $123,339Average Assets, quarterly
  • $30,147,970Volatile liabilities
  • $32,858,181Insider loans
  • $32,034,961FHLB advances
  • $31,646,592Loans and leases held for sale
  • $114,721Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $6,028,892Tier 2 risk-based capital
  • $114,721Total risk weighted assets
  • $0Total unused commitments
  • $70,438,676Restructured Loans and leases
  • $1,504Derivatives
  • $1Total assets and liabilities in foreign offices

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,604,958Total interest income
  • $306,568Total interest expense
  • $2,298,390Net interest income
  • $370,892Provision for loan and lease losses
  • $3,900,441Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,900,441Additional noninterest income
  • $3,067,227Total noninterest expense
  • $16,602Salaries and employee benefits
  • -$1,194Premises and equipment expense
  • $3,051,819Additional noninterest expense
  • $2,760,712Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,052,353Applicable income taxes
  • $1,708,359Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,708,359Net income attributable to bank
  • $0Net charge-offs
  • $1,708,359Cash dividends
  • $598,709Sale, conversion, retirement of capital stock, net
  • $1,450,000Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 9.26%Yield on earning assets
  • 1.09%Cost of funding earning assets
  • 8.17%Net interest margin
  • 13.86%Noninterest income to earning assets
  • 10.90%Noninterest expense to earning assets
  • 5.67%Net operating income to assets
  • 5.67%Return on assets (ROA)
  • 9.16%Pretax return on assets
  • 28.19%Return on equity (ROE)
  • 4.26%Retained earnings to average equity (YTD only)
  • 3.34%Net charge-offs to loans
  • 61.95%Credit loss provision to net charge-offs
  • 5.23%Efficiency ratio
  • 49,481Assets per employee
  • 274.63%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 84.88%Loss allowance to loans
  • 2.74%Loss allowance to noncurrent loans
  • 161.82%Noncurrent assets plus other real estate owned to assets
  • 0.93%Noncurrent loans to loans
  • 1.69%Net loans and leases to deposits
  • 80.61%Net loans and leases to core deposits
  • 4174.60%Equity capital to assets
  • 17.39%Core capital (leverage) ratio
  • 19.05%Tier 1 risk-based capital ratio
  • 18.82%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $30,147,970Average earning assets
  • $6,059,939Average equity
  • $28,144,198Average loans

Bank Assets Sold and Securitized (December 31, 2011)

  • Dollar figures in thousands
  • Principal balance with servicing or other recourse retained
  • $01-4 family residential loans
  • $0Home equity lines
  • $10,983,069Credit cards receivables
  • $0Auto loans
  • $0Other consumer loans
  • $0Commercial and industrial loans

List of branches

  • 1 Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    4360334Cayman Island Branch (Frgn)Po Box 501, Georgetown, 0January 29, 1991Full Service Brick and Mortar
  • 2 Utah Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    040088American Express Centurion Bank4315 South 2700 West, Mail Code: 02-01-47, Salt Lake City, UT 84184March 20, 1989Full Service Brick and Mortar
    3262075Salt Lake City Branch4315 South 2700 West, Salt Lake City, UT 84119July 01, 1996Limited Service Consumer Credit

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