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


Brighton Bank - Overview

  • General
  • FDIC Certificate #: 22578
    Status: Active
    Federal Reserve ID: 406974
    Bank Holding Company (Regulatory Top Holder): Brighton Bancorp (RSSDID: 1027947, Location: Salt Lake City, UT)
    Date Established: January 03, 1978
    WWW: http://www.brightonbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 15750
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 03, 1978
    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: 7101 Highland Drive, Salt Lake City, UT 84121
    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)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $152.2 mil
    Equity capital: $21.3 mil
    Deposits held in domestic offices: $123.5 mil
    Return on assets (ROA): 1.51% ($2.3 mil)
    Quarterly return on assets: 1.43% ($2.2 mil)
    Return on Equity (ROE): 10.75% ($2.3 mil)
    Quarterly return on equity: 10.36% ($2.2 mil)
    Net income: $2.3 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 1.51% ($2,298.8 mil)
    Quarterly Pretax return on assets: 1.43% ($2,177.0 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
  • 55Total employees (full-time equivalent)
  • $152,239Total assets
  • $46,850Cash and due from depository institutions
  • $39,956Interest-bearing balances
  • $28,320Securities
  • $898Federal funds sold & reverse repurchase agreements
  • $71,088Net loans & leases
  • $2,155Loan loss allowance
  • $0Trading account assets
  • $2,828Bank premises and fixed assets
  • $1,585Other real estate owned
  • $0Goodwill and other intangibles
  • $152,239Life insurance assets
  • $670All other assets
  • $130,939Total liabilities and capital
  • $123,484Total liabilities
  • $110,269Total deposits
  • $123,484Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 6778.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $677Subordinated debt
  • $21,300All other liabilities
  • $21,300Total equity capital
  • $21,300Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $3,709Surplus
  • $17,091Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $25Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $39Income earned, not collected on loans
  • $0Earning assets
  • $427Long-term assets (5+ years)
  • $140,262Average Assets, year-to-date
  • $24,071Average Assets, quarterly
  • $149,390Volatile liabilities
  • $153,960Insider loans
  • $82,281FHLB advances
  • $152,853Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $20,687Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $8,271Restructured Loans and leases
  • $57Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,127Total interest income
  • $216Total interest expense
  • $6,911Net interest income
  • $279Provision for loan and lease losses
  • $1,554Total noninterest income
  • $0Fiduciary activities
  • $1,556Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$2Additional noninterest income
  • $5,924Total noninterest expense
  • $3,828Salaries and employee benefits
  • $540Premises and equipment expense
  • $1,556Additional noninterest expense
  • $2,262Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $2,262Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,262Net income attributable to bank
  • $0Net charge-offs
  • $2,262Cash dividends
  • $401Sale, conversion, retirement of capital stock, net
  • $1,510Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.20%Yield on earning assets
  • 0.16%Cost of funding earning assets
  • 5.04%Net interest margin
  • 1.13%Noninterest income to earning assets
  • 4.32%Noninterest expense to earning assets
  • 1.51%Net operating income to assets
  • 1.51%Return on assets (ROA)
  • 1.51%Pretax return on assets
  • 10.75%Return on equity (ROE)
  • 3.57%Retained earnings to average equity (YTD only)
  • 0.53%Net charge-offs to loans
  • 69.58%Credit loss provision to net charge-offs
  • 6.34%Efficiency ratio
  • 69,982Assets per employee
  • 2.77%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 66.76%Loss allowance to loans
  • 2.94%Loss allowance to noncurrent loans
  • 5525.64%Noncurrent assets plus other real estate owned to assets
  • 1.07%Noncurrent loans to loans
  • 0.05%Net loans and leases to deposits
  • 57.57%Net loans and leases to core deposits
  • 57.57%Equity capital to assets
  • 13.99%Core capital (leverage) ratio
  • 13.53%Tier 1 risk-based capital ratio
  • 25.14%Total risk-based capital ratio
  • Memoranda
  • $26Average assets
  • $149,390Average earning assets
  • $21,036Average equity
  • $137,121Average loans

List of branches

  • 5 Utah Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    015750Brighton Bank7101 Highland Drive, Salt Lake City, UT 84121January 03, 1978Full Service Brick and Mortar
    1254914South Salt Lake Branch93 West 3300 South, Salt Lake City, UT 84115September 04, 1979Full Service Brick and Mortar
    215479Midtown Branch1735 South 300 West, Salt Lake City, UT 84115May 05, 1976Full Service Brick and Mortar
    3253686North Temple Branch940 West North Temple, Salt Lake City, UT 84116July 29, 1981Full Service Brick and Mortar
    4254915City Center Branch311 South State Street, Salt Lake City, UT 84111July 07, 1986Full Service Brick and Mortar

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