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

  • Celtic Bank in Salt Lake City, Utah (UT)
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Celtic Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Change in Location
  • Financial Summary
  • Total 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
  • 50Total employees (full-time equivalent)
  • $223,876Total assets
  • $4,376Cash and due from depository institutions
  • $4,350Interest-bearing balances
  • $99Securities
  • $8,379Federal funds sold & reverse repurchase agreements
  • $172,324Net loans & leases
  • $6,106Loan loss allowance
  • $0Trading account assets
  • $6,929Bank premises and fixed assets
  • $10,152Other real estate owned
  • $0Goodwill and other intangibles
  • $223,876Life insurance assets
  • $21,617All other assets
  • $192,736Total liabilities and capital
  • $179,152Total liabilities
  • $179,152Total deposits
  • $179,152Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,000Trading liabilities
  • $0Other borrowed funds
  • $8,584Subordinated debt
  • $31,140All other liabilities
  • $31,140Total equity capital
  • $31,140Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $6,841Surplus
  • $24,199Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $346Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,708Income earned, not collected on loans
  • $0Earning assets
  • $1,667Long-term assets (5+ years)
  • $185,152Average Assets, year-to-date
  • $15,918Average Assets, quarterly
  • $219,740Volatile liabilities
  • $219,226Insider loans
  • $185,008FHLB advances
  • $213,562Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $31,140Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $25,424Restructured Loans and leases
  • $5,375Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $17,089Total interest income
  • $4,903Total interest expense
  • $12,186Net interest income
  • $3,524Provision for loan and lease losses
  • $10,908Total noninterest income
  • $0Fiduciary activities
  • $37Service charges on deposit accounts
  • $0Trading account gains & fees
  • $10,871Additional noninterest income
  • $11,999Total noninterest expense
  • $6,994Salaries and employee benefits
  • $533Premises and equipment expense
  • $4,472Additional noninterest expense
  • $7,571Pre-tax net operating income
  • $0Securities gains (losses)
  • $2,839Applicable income taxes
  • $4,732Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,732Net income attributable to bank
  • $0Net charge-offs
  • $4,732Cash dividends
  • $1,886Sale, conversion, retirement of capital stock, net
  • $1,376Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 9.28%Yield on earning assets
  • 2.66%Cost of funding earning assets
  • 6.62%Net interest margin
  • 5.93%Noninterest income to earning assets
  • 6.52%Noninterest expense to earning assets
  • 2.15%Net operating income to assets
  • 2.15%Return on assets (ROA)
  • 3.45%Pretax return on assets
  • 15.99%Return on equity (ROE)
  • 11.34%Retained earnings to average equity (YTD only)
  • 1.11%Net charge-offs to loans
  • 186.85%Credit loss provision to net charge-offs
  • 5.88%Efficiency ratio
  • 51,957Assets per employee
  • 4.48%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 29.08%Loss allowance to loans
  • 3.42%Loss allowance to noncurrent loans
  • 91.03%Noncurrent assets plus other real estate owned to assets
  • 7.53%Noncurrent loans to loans
  • 3.76%Net loans and leases to deposits
  • 96.19%Net loans and leases to core deposits
  • 1041.11%Equity capital to assets
  • 13.91%Core capital (leverage) ratio
  • 14.58%Tier 1 risk-based capital ratio
  • 16.83%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $219,740Average earning assets
  • $29,597Average equity
  • $184,055Average loans

List of branches

  • 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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