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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