Cache Valley Bank in Logan, Utah (UT)
Overview, Financial Summary, Detailed Financial Reports, Branches

Cache Valley Bank - Overview

  • General
  • FDIC 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
    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
  • Location
  • Address: 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 Changes
  • Participated in FDIC Assisted Absorption/Consolidation/Merger
  • Financial Summary
  • Total 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
  • 106Total employees (full-time equivalent)
  • $488,018Total assets
  • $67,673Cash and due from depository institutions
  • $49,639Interest-bearing balances
  • $25,102Securities
  • $9,378Federal funds sold & reverse repurchase agreements
  • $309,325Net loans & leases
  • $6,036Loan loss allowance
  • $0Trading account assets
  • $10,187Bank premises and fixed assets
  • $11,417Other real estate owned
  • $895Goodwill and other intangibles
  • $488,019Life insurance assets
  • $54,041All other assets
  • $435,915Total liabilities and capital
  • $426,615Total liabilities
  • $365,819Total deposits
  • $426,615Interest-bearing deposits
  • $78Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,000Trading liabilities
  • $0Other borrowed funds
  • $8,300Subordinated debt
  • $52,104All other liabilities
  • $52,104Total equity capital
  • $52,104Total bank equity capital
  • $12,147Perpetual preferred stock
  • $1,105Common stock
  • $2,631Surplus
  • $36,221Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $6,680Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $13,521Income earned, not collected on loans
  • $64Earning assets
  • $1,822Long-term assets (5+ years)
  • $393,444Average Assets, year-to-date
  • $39,923Average Assets, quarterly
  • $335,964Volatile liabilities
  • $402,032Insider loans
  • $336,662FHLB advances
  • $453,954Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $51,537Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $45,145Restructured Loans and leases
  • $977Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $16,751Total interest income
  • $3,408Total interest expense
  • $13,343Net interest income
  • $2,755Provision for loan and lease losses
  • $27,001Total noninterest income
  • $0Fiduciary activities
  • $213Service charges on deposit accounts
  • $0Trading account gains & fees
  • $26,788Additional noninterest income
  • $11,011Total noninterest expense
  • $6,900Salaries and employee benefits
  • $833Premises and equipment expense
  • $3,278Additional noninterest expense
  • $26,578Pre-tax net operating income
  • $0Securities gains (losses)
  • $10,364Applicable income taxes
  • $16,214Income before extraordinary items
  • $0Extraordinary gains - net
  • $16,214Net income attributable to bank
  • $0Net charge-offs
  • $16,214Cash dividends
  • $1,670Sale, conversion, retirement of capital stock, net
  • $2,395Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.03%Yield on earning assets
  • 1.23%Cost of funding earning assets
  • 4.81%Net interest margin
  • 9.72%Noninterest income to earning assets
  • 3.97%Noninterest expense to earning assets
  • 4.83%Net operating income to assets
  • 4.83%Return on assets (ROA)
  • 7.91%Pretax return on assets
  • 39.08%Return on equity (ROE)
  • 33.31%Retained earnings to average equity (YTD only)
  • 0.70%Net charge-offs to loans
  • 164.97%Credit loss provision to net charge-offs
  • 17.56%Efficiency ratio
  • 27,293Assets per employee
  • 4.60%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 14.77%Loss allowance to loans
  • 1.91%Loss allowance to noncurrent loans
  • 44.64%Noncurrent assets plus other real estate owned to assets
  • 5.11%Noncurrent loans to loans
  • 4.29%Net loans and leases to deposits
  • 72.51%Net loans and leases to core deposits
  • 83.27%Equity capital to assets
  • 10.68%Core capital (leverage) ratio
  • 11.35%Tier 1 risk-based capital ratio
  • 15.31%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $335,964Average earning assets
  • $41,486Average equity
  • $277,680Average loans

List of branches

  • 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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