Bank of America Utah, National Association - Overview
General
FDIC Certificate #: 9575 Status: Inactive Closing history: Change in Location Acquiring institution:Bank of America, National Association (#3510) Federal Reserve ID: 5377 Date Established: January 01, 1916 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 3 (Interstate: No) OTS Docket #: 12416 FDIC's unique #: 6135 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes Oakar Institutions: Yes State Chartered: No Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: December 01, 1999 Last Structure Change Process Date: December 17, 1999 Last Data Update: August 10, 2000 Data Source Date: April 05, 2012
Location
Address: 136 South Main Street, Salt Lake City, UT 84101 County: Salt Lake Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: Atlanta 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
Merger - Without Assistance
Change in Entity Type
Institution Becomes a Member of FRS (Federal Reserve System)
Change in Location
Financial Summary
Total assets: $27,611.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
3,264Total employees (full-time equivalent)
$25,526,618Total assets
$153,633Cash and due from depository institutions
$1,885Interest-bearing balances
$308,168Securities
$861,000Federal funds sold & reverse repurchase agreements
$22,742,671Net loans & leases
$231,183Loan loss allowance
$0Trading account assets
$21,590Bank premises and fixed assets
$98Other real estate owned
$851,055Goodwill and other intangibles
$0Life insurance assets
$588,403All other assets
$25,526,618Total liabilities and capital
$23,636,600Total liabilities
$927,263Total deposits
$925,799Interest-bearing deposits
$927,263Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$21,823,114Other borrowed funds
$150,000Subordinated debt
$736,223All other liabilities
$1,890,018Total equity capital
$1,890,018Total bank equity capital
$1,890,018Perpetual preferred stock
$0Common stock
$7,668Surplus
$1,575,258Undivided profits
Memoranda
$307,092Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$60,237Earning assets
$0Long-term assets (5+ years)
$98,820Average Assets, year-to-date
$23,913,724Average Assets, quarterly
$0Volatile liabilities
$18,721,192Insider loans
$23,441,092FHLB advances
$21,841,758Loans and leases held for sale
$0Unused loan commitments
$2,356,954Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,924,888Total unused commitments
$0Restructured Loans and leases
$15,011,496Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$1,286,084Total interest income
$907,781Total interest expense
$378,303Net interest income
$45,585Provision for loan and lease losses
$491,682Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$491,682Additional noninterest income
$496,446Total noninterest expense
$217,937Salaries and employee benefits
$61,630Premises and equipment expense
$216,879Additional noninterest expense
$327,954Pre-tax net operating income
$210,564Securities gains (losses)
$243,239Applicable income taxes
$295,279Income before extraordinary items
$0Extraordinary gains - net
$295,279Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$49,192Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.40%Yield on earning assets
5.23%Cost of funding earning assets
2.18%Net interest margin
2.83%Noninterest income to earning assets
2.86%Noninterest expense to earning assets
0.86%Net operating income to assets
1.58%Return on assets (ROA)
2.88%Pretax return on assets
17.60%Return on equity (ROE)
17.60%Retained earnings to average equity (YTD only)
0.30%Net charge-offs to loans
92.67%Credit loss provision to net charge-offs
7.59%Efficiency ratio
56,085Assets per employee
7.82%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.01%Loss allowance to noncurrent loans
383.79%Noncurrent assets plus other real estate owned to assets
0.24%Noncurrent loans to loans
0.26%Net loans and leases to deposits
2452.67%Net loans and leases to core deposits
2502.99%Equity capital to assets
7.40%Core capital (leverage) ratio
6.66%Tier 1 risk-based capital ratio
11.24%Total risk-based capital ratio
Memoranda
$13Average assets
$18,721,192Average earning assets
$1,677,382Average equity
$17,371,538Average loans
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