FDIC Certificate #: 34430 Status: Inactive Federal Reserve ID: 2560526 Date Established: April 02, 1997 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 5 (Interstate: No) FDIC's unique #: 57193 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: April 02, 1997 Last Structure Change Effective Date: March 05, 2010 Last Structure Change Process Date: March 08, 2010 Last Data Update: March 08, 2010 Data Source Date: April 05, 2012
Location
Address: 4605 South Harrison Boulevard, Ogden, UT 84403 County: Weber 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): Ogden-Clearfield, UT (#36260) CBSA Metro Statistical Area: Ogden-Clearfield, UT (#36260)
History of Changes
Financial Difficulty - Payoff
Financial Summary
Total assets: $212.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
50Total employees (full-time equivalent)
$212,839Total assets
$675Cash and due from depository institutions
$0Interest-bearing balances
$1,970Securities
$23,250Federal funds sold & reverse repurchase agreements
$134,078Net loans & leases
$2,587Loan loss allowance
$0Trading account assets
$6,311Bank premises and fixed assets
$33,355Other real estate owned
$0Goodwill and other intangibles
$2,199Life insurance assets
$13,200All other assets
$212,839Total liabilities and capital
$206,464Total liabilities
$205,076Total deposits
$189,532Interest-bearing deposits
$205,076Deposits held in domestic offices
94.65%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,388All other liabilities
$6,375Total equity capital
$6,375Total bank equity capital
$6,375Perpetual preferred stock
$0Common stock
$2,186Surplus
$11,580Undivided profits
Memoranda
$-7,391Noncurrent loans and leases
$8,228Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$22,002Earning assets
$0Long-term assets (5+ years)
$692Average Assets, year-to-date
$159,298Average Assets, quarterly
$21,609Volatile liabilities
$227,189Insider loans
$223,125FHLB advances
$40,429Loans and leases held for sale
$5,185Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$3,503Total risk weighted assets
$8,228Total unused commitments
$4,238Restructured Loans and leases
$8Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$10,024Total interest income
$5,752Total interest expense
$4,272Net interest income
$12,142Provision for loan and lease losses
-$6,365Total noninterest income
$0Fiduciary activities
$173Service charges on deposit accounts
$0Trading account gains & fees
-$6,538Additional noninterest income
$7,433Total noninterest expense
$3,591Salaries and employee benefits
$1,232Premises and equipment expense
$2,610Additional noninterest expense
-$21,668Pre-tax net operating income
$0Securities gains (losses)
-$7,322Applicable income taxes
-$14,346Income before extraordinary items
$0Extraordinary gains - net
-$14,346Net income attributable to bank
$0Net charge-offs
-$14,346Cash dividends
$13,725Sale, conversion, retirement of capital stock, net
$44Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.52%Yield on earning assets
3.17%Cost of funding earning assets
2.35%Net interest margin
-3.51%Noninterest income to earning assets
4.10%Noninterest expense to earning assets
-6.31%Net operating income to assets
-6.31%Return on assets (ROA)
-9.54%Pretax return on assets
-108.62%Return on equity (ROE)
-108.95%Retained earnings to average equity (YTD only)
8.35%Net charge-offs to loans
88.47%Credit loss provision to net charge-offs
-0.69%Efficiency ratio
-355,136Assets per employee
4.26%Cash dividends to net income (YTD only)
Condition Ratios (%)
-0.31%Loss allowance to loans
1.89%Loss allowance to noncurrent loans
11.76%Noncurrent assets plus other real estate owned to assets
26.01%Noncurrent loans to loans
16.10%Net loans and leases to deposits
65.38%Net loans and leases to core deposits
81.43%Equity capital to assets
3.00%Core capital (leverage) ratio
0.00%Tier 1 risk-based capital ratio
0.00%Total risk-based capital ratio
Memoranda
$0Average assets
$227,189Average earning assets
$13,207Average equity
$181,483Average loans
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