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


Bank of American Fork - Overview

  • General
  • FDIC Certificate #: 12773
    Status: Active
    Federal Reserve ID: 984379
    Bank Holding Company (Regulatory Top Holder): People's Utah Bancorp (RSSDID: 2748995, Location: American Fork, UT)
    Date Established: January 01, 1913
    WWW: http://www.bankaf.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 13 (Domestic: 13, Interstate: No)
    OTS Docket #: 10791
    FDIC's unique #: 8088
    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: January 01, 1934
    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: 33 East Main Street, American Fork, UT 84003
    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: $890.2 mil
    Equity capital: $105.0 mil
    Deposits held in domestic offices: $781.2 mil
    Return on assets (ROA): 0.77% ($6.9 mil)
    Quarterly return on assets: 0.79% ($7.0 mil)
    Return on Equity (ROE): 6.48% ($6.8 mil)
    Quarterly return on equity: 6.68% ($7.0 mil)
    Net income: $6.6 mil
    Quarterly Net income: $1.7 mil
    Pretax return on assets: 1.13% ($10,059.6 mil)
    Quarterly Pretax return on assets: 1.12% ($9,970.6 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
  • 246Total employees (full-time equivalent)
  • $890,231Total assets
  • $30,500Cash and due from depository institutions
  • $12,491Interest-bearing balances
  • $230,902Securities
  • $890Federal funds sold & reverse repurchase agreements
  • $583,384Net loans & leases
  • $15,462Loan loss allowance
  • $0Trading account assets
  • $15,466Bank premises and fixed assets
  • $9,671Other real estate owned
  • $847Goodwill and other intangibles
  • $890,231Life insurance assets
  • $18,571All other assets
  • $785,188Total liabilities and capital
  • $781,224Total liabilities
  • $605,097Total deposits
  • $781,224Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 819.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $3,145Subordinated debt
  • $105,043All other liabilities
  • $105,043Total equity capital
  • $105,043Total bank equity capital
  • $0Perpetual preferred stock
  • $127Common stock
  • $3,483Surplus
  • $101,433Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $8,490Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $33,172Income earned, not collected on loans
  • $0Earning assets
  • $3,975Long-term assets (5+ years)
  • $827,667Average Assets, year-to-date
  • $81,220Average Assets, quarterly
  • $859,293Volatile liabilities
  • $884,306Insider loans
  • $649,833FHLB advances
  • $892,179Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $103,617Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $147,484Restructured Loans and leases
  • $317Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $41,860Total interest income
  • $4,861Total interest expense
  • $36,999Net interest income
  • $6,200Provision for loan and lease losses
  • $8,878Total noninterest income
  • $0Fiduciary activities
  • $2,610Service charges on deposit accounts
  • $0Trading account gains & fees
  • $6,268Additional noninterest income
  • $30,046Total noninterest expense
  • $16,662Salaries and employee benefits
  • $2,608Premises and equipment expense
  • $10,776Additional noninterest expense
  • $9,631Pre-tax net operating income
  • $94Securities gains (losses)
  • $3,120Applicable income taxes
  • $6,605Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,605Net income attributable to bank
  • $0Net charge-offs
  • $6,605Cash dividends
  • $10,087Sale, conversion, retirement of capital stock, net
  • $551Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.27%Yield on earning assets
  • 0.61%Cost of funding earning assets
  • 4.66%Net interest margin
  • 1.12%Noninterest income to earning assets
  • 3.78%Noninterest expense to earning assets
  • 0.76%Net operating income to assets
  • 0.77%Return on assets (ROA)
  • 1.13%Pretax return on assets
  • 6.48%Return on equity (ROE)
  • 5.94%Retained earnings to average equity (YTD only)
  • 1.71%Net charge-offs to loans
  • 61.47%Credit loss provision to net charge-offs
  • 1.57%Efficiency ratio
  • 65,493Assets per employee
  • 3.62%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 8.34%Loss allowance to loans
  • 2.58%Loss allowance to noncurrent loans
  • 46.61%Noncurrent assets plus other real estate owned to assets
  • 4.81%Noncurrent loans to loans
  • 5.54%Net loans and leases to deposits
  • 74.68%Net loans and leases to core deposits
  • 83.42%Equity capital to assets
  • 11.80%Core capital (leverage) ratio
  • 11.61%Tier 1 risk-based capital ratio
  • 15.95%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $859,293Average earning assets
  • $101,924Average equity
  • $794,724Average loans

List of branches

  • 13 Utah Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08088Bank Of American Fork33 East Main Street, American Fork, UT 84003January 01, 1913Full Service Brick and Mortar
    1227859Alpine Branch113 South Main Street, Alpine, UT 84004January 28, 1974Full Service Brick and Mortar
    2227860Orem Branch1344 South 800 East, Suite 2, Orem, UT 84058October 04, 1993Full Service Brick and Mortar
    3227861Highland Branch5405 West 11000 North, Highland, UT 84003August 01, 1995Full Service Brick and Mortar
    4227862Lehi Branch712 East Main Street, Lehi, UT 84043December 09, 1996Full Service Brick and Mortar
    5227863Pleasant Grove Branch290 East State, Pleasant Grove, UT 84062May 27, 1997Full Service Brick and Mortar
    6227864Spanish Fork Branch625 North Main, Spanish Fork, UT 84660March 30, 1998Full Service Brick and Mortar
    7360765Draper Branch408 East 12300 South, Draper, UT 84020July 02, 2001Full Service Brick and Mortar
    8365420Sandy Branch855 East 9400 South, Sandy, UT 84094October 01, 2001Full Service Brick and Mortar
    9422512Murray Branch195 East 6100 South, Murray, UT 84107January 15, 2003Full Service Brick and Mortar
    10465258Riverton Office Branch2691 West 12600 South, Riverton, UT 84065March 19, 2007Full Service Brick and Mortar
    11492738Www.Bankaf.com108 South 700 East, American Fork, UT 84003September 27, 2007Full Service Cyber
    12492753Saratoga Springs Branch1543 North Redwood Road, Saratoga Springs, UT 84045December 29, 2008Full Service Brick and Mortar

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