Celtic Bank in Salt Lake City, Utah (UT)



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Celtic Bank routing number info

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Celtic Bank
GeneralFDIC Certificate #: 57056
Status: Active
Federal Reserve ID: 2998576
Date Established: March 01, 2001
WWW: http://www.celticbank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Domestic: 1, Interstate: No)
FDIC's unique #: 356463
Numeric code: 23
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: March 01, 2001
Last Structure Change Effective Date: August 28, 2009
Last Structure Change Process Date: August 28, 2009
Last Data Update: August 28, 2009
Data Source Date: April 05, 2012
LocationAddress: 340 East 400 South, Salt Lake City, UT 84111
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 ChangesChange in Location
Financial SummaryTotal assets: $223.9 mil
Equity capital: $31.1 mil
Deposits held in domestic offices: $179.2 mil
Return on assets (ROA): 2.15% ($4.8 mil)
Quarterly return on assets: 2.79% ($6.2 mil)
Return on Equity (ROE): 15.99% ($5.0 mil)
Quarterly return on equity: 19.66% ($6.1 mil)
Net income: $4.7 mil
Quarterly Net income: $1.5 mil
Pretax return on assets: 3.45% ($7,723.7 mil)
Quarterly Pretax return on assets: 4.46% ($9,984.9 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)50
Total assets$223,876
Cash and due from depository institutions$4,376
Interest-bearing balances$4,350
Securities$99
Federal funds sold & reverse repurchase agreements$8,379
Net loans & leases$172,324
Loan loss allowance $6,106
Trading account assets$0
Bank premises and fixed assets$6,929
Other real estate owned$10,152
Goodwill and other intangibles$0
All other assets$21,617
Life insurance assets$223,876
Total liabilities and capital$192,736
Total liabilities$179,152
Total deposits$179,152
Interest-bearing deposits$179,152
Deposits held in domestic offices$86
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$5,000
Other borrowed funds $0
Subordinated debt $8,584
All other liabilities $31,140
Total equity capital$31,140
Total bank equity capital$31,140
Perpetual preferred stock$0
Common stock$100
Surplus$6,841
Undivided profits $24,199
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $346
Income earned, not collected on loans $6,708
Earning assets $0
Long-term assets (5+ years) $1,667
Average Assets, year-to-date $185,152
Average Assets, quarterly $15,918
Volatile liabilities $219,740
Insider loans $219,226
FHLB advances $185,008
Loans and leases held for sale $213,562
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $31,140
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $25,424
Derivatives$5,375
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $17,089
Total interest expense $4,903
Net interest income $12,186
Provision for loan and lease losses $3,524
Total noninterest income $10,908
Fiduciary activities $0
Service charges on deposit accounts $37
Trading account gains & fees $0
Additional noninterest income $10,871
Total noninterest expense $11,999
Salaries and employee benefits $6,994
Premises and equipment expense $533
Additional noninterest expense $4,472
Pre-tax net operating income $7,571
Securities gains (losses) $0
Applicable income taxes $2,839
Income before extraordinary items $4,732
Extraordinary gains - net $0
Net income attributable to bank $4,732
Net charge-offs $0
Cash dividends $4,732
Sale, conversion, retirement of capital stock, net $1,886
Net operating income $1,376
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets9.28%
Cost of funding earning assets 2.66%
Net interest margin 6.62%
Noninterest income to earning assets 5.93%
Noninterest expense to earning assets 6.52%
Net operating income to assets 2.15%
Return on assets (ROA) 2.15%
Pretax return on assets 3.45%
Return on equity (ROE) 15.99%
Retained earnings to average equity (YTD only) 11.34%
Net charge-offs to loans 1.11%
Credit loss provision to net charge-offs 186.85%
Efficiency ratio5.88%
Assets per employee$51,957
Cash dividends to net income (YTD only)4.48%
Condition Ratios (%)
Loss allowance to loans 29.08%
Loss allowance to noncurrent loans 3.42%
Noncurrent assets plus other real estate owned to assets 91.03%
Noncurrent loans to loans 7.53%
Net loans and leases to deposits3.76%
Net loans and leases to core deposits 96.19%
Equity capital to assets 1041.11%
Core capital (leverage) ratio 13.91%
Tier 1 risk-based capital ratio 14.58%
Total risk-based capital ratio 16.83%
Memoranda
Average assets$18
Average earning assets$219,740
Average equity $29,597
Average loans $184,055
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1 Utah Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0356463Celtic Bank340 East 400 South, Salt Lake City, UT 84111March 01, 2001Full Service Brick and Mortar
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