Barnes Banking Company in Kaysville, Utah (UT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 15, 2010

  • Barnes Banking Company in Kaysville, Utah (UT)
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Barnes Banking Company - Overview

  • General
  • FDIC Certificate #: 1252
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Deposit Insurance National Bank of Kaysville (#59027)
    Federal Reserve ID: 868376
    Date Established: January 01, 1891
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 10 (Interstate: No)
    OTS Docket #: 10525
    FDIC's unique #: 853
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: January 15, 2010
    Last Structure Change Process Date: January 19, 2010
    Last Data Update: January 19, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 33 South Main Street, Kaysville, UT 84037
    County: Davis
    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): Ogden-Clearfield, UT (#36260)
    CBSA Metro Statistical Area: Ogden-Clearfield, UT (#36260)
  • History of Changes
  • Absorption - Assisted
    Corrections
  • Financial Summary
  • Total assets: $709.2 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, 2009)

  • Dollar figures in thousands
  • 163Total employees (full-time equivalent)
  • $709,171Total assets
  • $56,288Cash and due from depository institutions
  • $49,090Interest-bearing balances
  • $80,261Securities
  • $310Federal funds sold & reverse repurchase agreements
  • $449,819Net loans & leases
  • $65,252Loan loss allowance
  • $0Trading account assets
  • $13,500Bank premises and fixed assets
  • $66,123Other real estate owned
  • $0Goodwill and other intangibles
  • $17,145Life insurance assets
  • $42,870All other assets
  • $709,171Total liabilities and capital
  • $703,041Total liabilities
  • $697,109Total deposits
  • $605,830Interest-bearing deposits
  • $697,109Deposits held in domestic offices
  • 92.69%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $1,720Other borrowed funds
  • $0Subordinated debt
  • $4,212All other liabilities
  • $6,130Total equity capital
  • $6,130Total bank equity capital
  • $6,130Perpetual preferred stock
  • $0Common stock
  • $840Surplus
  • $11,160Undivided profits
  • Memoranda
  • $-5,870Noncurrent loans and leases
  • $89,939Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $161,183Earning assets
  • $0Long-term assets (5+ years)
  • $1,719Average Assets, year-to-date
  • $579,480Average Assets, quarterly
  • $166,254Volatile liabilities
  • $846,953Insider loans
  • $751,207FHLB advances
  • $137,721Loans and leases held for sale
  • $21,897Unused loan commitments
  • $1,720Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $89,939Total unused commitments
  • $0Restructured Loans and leases
  • $5,882Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $38,271Total interest income
  • $20,258Total interest expense
  • $18,013Net interest income
  • $103,955Provision for loan and lease losses
  • -$3,675Total noninterest income
  • $0Fiduciary activities
  • $1,260Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$4,935Additional noninterest income
  • $17,922Total noninterest expense
  • $2,826Salaries and employee benefits
  • $1,626Premises and equipment expense
  • $13,470Additional noninterest expense
  • -$107,539Pre-tax net operating income
  • $3,043Securities gains (losses)
  • -$7,810Applicable income taxes
  • -$96,686Income before extraordinary items
  • $0Extraordinary gains - net
  • -$96,686Net income attributable to bank
  • $0Net charge-offs
  • -$96,686Cash dividends
  • $76,921Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.20%Yield on earning assets
  • 2.75%Cost of funding earning assets
  • 2.45%Net interest margin
  • -0.50%Noninterest income to earning assets
  • 2.43%Noninterest expense to earning assets
  • -11.75%Net operating income to assets
  • -11.42%Return on assets (ROA)
  • -12.34%Pretax return on assets
  • -237.05%Return on equity (ROE)
  • -237.05%Retained earnings to average equity (YTD only)
  • 12.17%Net charge-offs to loans
  • 135.15%Credit loss provision to net charge-offs
  • -0.05%Efficiency ratio
  • 124,997Assets per employee
  • 4.35%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 12.67%Loss allowance to noncurrent loans
  • 40.48%Noncurrent assets plus other real estate owned to assets
  • 32.05%Noncurrent loans to loans
  • 31.29%Net loans and leases to deposits
  • 64.53%Net loans and leases to core deposits
  • 80.41%Equity capital to assets
  • 0.86%Core capital (leverage) ratio
  • 0.73%Tier 1 risk-based capital ratio
  • 1.02%Total risk-based capital ratio
  • Memoranda
  • $2Average assets
  • $846,953Average earning assets
  • $40,788Average equity
  • $736,387Average loans

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