Cache Valley Bank in Logan, Utah (UT)



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Cache Valley Bank routing number info

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Cache Valley Bank
GeneralFDIC Certificate #: 22134
Status: Active
Federal Reserve ID: 995076
Bank Holding Company (Regulatory Top Holder): Cache Valley Banking Company (RSSDID: 2324997, Location: Logan, UT)
Date Established: October 02, 1975
WWW: http://www.cachevalleybank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 7 (Domestic: 7, Interstate: No)
OTS Docket #: 10858
FDIC's unique #: 15375
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: October 02, 1975
Last Structure Change Effective Date: November 04, 2011
Last Structure Change Process Date: November 07, 2011
Last Data Update: November 07, 2011
Data Source Date: April 05, 2012
LocationAddress: 101 North Main Street, Logan, UT 84321
County: Cache
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
Core Based Statistical Area (CBSA): Logan, UT-ID (#30860)
CBSA Metro Statistical Area: Logan, UT-ID (#30860)
History of ChangesParticipated in FDIC Assisted Absorption/Consolidation/Merger
Financial SummaryTotal assets: $488.0 mil
Equity capital: $52.1 mil
Deposits held in domestic offices: $426.6 mil
Return on assets (ROA): 4.83% ($23.6 mil)
Quarterly return on assets: 10.14% ($49.5 mil)
Return on Equity (ROE): 39.08% ($20.3 mil)
Quarterly return on equity: 85.68% ($44.6 mil)
Net income: $16.2 mil
Quarterly Net income: $10.2 mil
Pretax return on assets: 7.91% ($38,602.2 mil)
Quarterly Pretax return on assets: 17.00% ($82,963.1 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)
Total employees (full-time equivalent)106
Total assets$488,018
Cash and due from depository institutions$67,673
Interest-bearing balances$49,639
Securities$25,102
Federal funds sold & reverse repurchase agreements$9,378
Net loans & leases$309,325
Loan loss allowance $6,036
Trading account assets$0
Bank premises and fixed assets$10,187
Other real estate owned$11,417
Goodwill and other intangibles$895
All other assets$54,041
Life insurance assets$488,019
Total liabilities and capital$435,915
Total liabilities$426,615
Total deposits$365,819
Interest-bearing deposits$426,615
Deposits held in domestic offices$78
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$1,000
Other borrowed funds $0
Subordinated debt $8,300
All other liabilities $52,104
Total equity capital$52,104
Total bank equity capital$52,104
Perpetual preferred stock$12,147
Common stock$1,105
Surplus$2,631
Undivided profits $36,221
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $6,680
Income earned, not collected on loans $13,521
Earning assets $64
Long-term assets (5+ years) $1,822
Average Assets, year-to-date $393,444
Average Assets, quarterly $39,923
Volatile liabilities $335,964
Insider loans $402,032
FHLB advances $336,662
Loans and leases held for sale $453,954
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $51,537
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $45,145
Derivatives$977
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $16,751
Total interest expense $3,408
Net interest income $13,343
Provision for loan and lease losses $2,755
Total noninterest income $27,001
Fiduciary activities $0
Service charges on deposit accounts $213
Trading account gains & fees $0
Additional noninterest income $26,788
Total noninterest expense $11,011
Salaries and employee benefits $6,900
Premises and equipment expense $833
Additional noninterest expense $3,278
Pre-tax net operating income $26,578
Securities gains (losses) $0
Applicable income taxes $10,364
Income before extraordinary items $16,214
Extraordinary gains - net $0
Net income attributable to bank $16,214
Net charge-offs $0
Cash dividends $16,214
Sale, conversion, retirement of capital stock, net $1,670
Net operating income $2,395
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.03%
Cost of funding earning assets 1.23%
Net interest margin 4.81%
Noninterest income to earning assets 9.72%
Noninterest expense to earning assets 3.97%
Net operating income to assets 4.83%
Return on assets (ROA) 4.83%
Pretax return on assets 7.91%
Return on equity (ROE) 39.08%
Retained earnings to average equity (YTD only) 33.31%
Net charge-offs to loans 0.70%
Credit loss provision to net charge-offs 164.97%
Efficiency ratio17.56%
Assets per employee$27,293
Cash dividends to net income (YTD only)4.60%
Condition Ratios (%)
Loss allowance to loans 14.77%
Loss allowance to noncurrent loans 1.91%
Noncurrent assets plus other real estate owned to assets 44.64%
Noncurrent loans to loans 5.11%
Net loans and leases to deposits4.29%
Net loans and leases to core deposits 72.51%
Equity capital to assets 83.27%
Core capital (leverage) ratio 10.68%
Tier 1 risk-based capital ratio 11.35%
Total risk-based capital ratio 15.31%
Memoranda
Average assets$17
Average earning assets$335,964
Average equity $41,486
Average loans $277,680
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7 Utah Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
015375Cache Valley Bank101 North Main Street, Logan, UT 84321October 02, 1975Full Service Brick and Mortar
3441910Cache Valley Bank Branch1710 N Main, North Logan, UT 84341September 04, 2001Full Service Brick and Mortar
480242Cache Valley Bank - Layton Branch476 West Heritage Park Boulevard, Suite 100, Layton, UT 84041May 18, 2000Full Service Brick and Mortar
5362899Layton Courier Service Branch1010 N Hill Field Road, Layton, UT 84041September 05, 2001Limited Service Messenger
8357080Sunfirst Bank Brance120 E Saint George Blvd., Saint George, UT 84770March 07, 2001Full Service Brick and Mortar
9442620Bluff Street Branch910 South Bluff Street, Saint George, UT 84770July 05, 2005Full Service Brick and Mortar
10467235Hurricane Office Branch1141 W. State Street #8, Hurricane, UT 84737July 30, 2006Full Service Brick and Mortar
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