Central Bank in Springville, Utah (UT)
Overview, Financial Summary, Detailed Financial Reports, Branches

Central Bank - Overview

  • General
  • FDIC Certificate #: 9204
    Status: Active
    Federal Reserve ID: 622774
    Bank Holding Company (Regulatory Top Holder): Central Bancorporation (RSSDID: 1025662, Location: Provo, UT)
    Date Established: October 17, 1891
    WWW: http://www.cbutah.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 10 (Domestic: 10, Interstate: No)
    OTS Docket #: 10206
    FDIC's unique #: 5893
    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: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 202 South Main Street, Springville, UT 84663
    County: Utah
    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): Provo-Orem, UT (#6520)
    Core Based Statistical Area (CBSA): Provo-Orem, UT (#39340)
    CBSA Metro Statistical Area: Provo-Orem, UT (#39340)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $662.1 mil
    Equity capital: $105.3 mil
    Deposits held in domestic offices: $508.4 mil
    Return on assets (ROA): 0.68% ($4.5 mil)
    Quarterly return on assets: 0.54% ($3.6 mil)
    Return on Equity (ROE): 4.27% ($4.5 mil)
    Quarterly return on equity: 3.36% ($3.5 mil)
    Net income: $4.4 mil
    Quarterly Net income: $0.9 mil
    Pretax return on assets: 0.97% ($6,422.4 mil)
    Quarterly Pretax return on assets: 0.84% ($5,561.6 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
  • 197Total employees (full-time equivalent)
  • $662,099Total assets
  • $12,132Cash and due from depository institutions
  • $2,600Interest-bearing balances
  • $192,215Securities
  • $21,784Federal funds sold & reverse repurchase agreements
  • $348,453Net loans & leases
  • $12,383Loan loss allowance
  • $0Trading account assets
  • $15,102Bank premises and fixed assets
  • $53,716Other real estate owned
  • $751Goodwill and other intangibles
  • $662,099Life insurance assets
  • $17,946All other assets
  • $556,766Total liabilities and capital
  • $508,408Total liabilities
  • $475,193Total deposits
  • $508,408Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 46120.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,238Subordinated debt
  • $105,333All other liabilities
  • $105,333Total equity capital
  • $105,333Total bank equity capital
  • $0Perpetual preferred stock
  • $528Common stock
  • $1,572Surplus
  • $103,233Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $2,066Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,831Income earned, not collected on loans
  • $0Earning assets
  • $3,523Long-term assets (5+ years)
  • $565,052Average Assets, year-to-date
  • $100,935Average Assets, quarterly
  • $647,717Volatile liabilities
  • $662,746Insider loans
  • $478,305FHLB advances
  • $655,788Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $101,273Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $80,088Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $31,134Total interest income
  • $4,260Total interest expense
  • $26,874Net interest income
  • $4,900Provision for loan and lease losses
  • $5,021Total noninterest income
  • $442Fiduciary activities
  • $1,627Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,952Additional noninterest income
  • $21,884Total noninterest expense
  • $12,498Salaries and employee benefits
  • $2,002Premises and equipment expense
  • $7,384Additional noninterest expense
  • $5,111Pre-tax net operating income
  • $1,193Securities gains (losses)
  • $1,891Applicable income taxes
  • $4,413Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,413Net income attributable to bank
  • $0Net charge-offs
  • $4,413Cash dividends
  • $2,915Sale, conversion, retirement of capital stock, net
  • $1,515Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.67%Yield on earning assets
  • 0.78%Cost of funding earning assets
  • 4.90%Net interest margin
  • 0.92%Noninterest income to earning assets
  • 3.99%Noninterest expense to earning assets
  • 0.55%Net operating income to assets
  • 0.68%Return on assets (ROA)
  • 0.97%Pretax return on assets
  • 4.27%Return on equity (ROE)
  • 2.80%Retained earnings to average equity (YTD only)
  • 0.81%Net charge-offs to loans
  • 168.10%Credit loss provision to net charge-offs
  • 3.43%Efficiency ratio
  • 68,613Assets per employee
  • 3.36%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 34.33%Loss allowance to loans
  • 3.43%Loss allowance to noncurrent loans
  • 140.22%Noncurrent assets plus other real estate owned to assets
  • 9.45%Noncurrent loans to loans
  • 2.45%Net loans and leases to deposits
  • 68.54%Net loans and leases to core deposits
  • 76.81%Equity capital to assets
  • 15.91%Core capital (leverage) ratio
  • 15.44%Tier 1 risk-based capital ratio
  • 21.17%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $647,717Average earning assets
  • $103,461Average equity
  • $548,638Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $153,281Managed Assets
  • 1Number of Accounts
  • $60,376Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $24,289Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $36,087Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 1261Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $92,905Other retirement accounts
  • $0Corporate trust and agency accounts
  • $17,576Other fiduciary accounts
  • $75,329Fiduciary accounts held in foreign offices

List of branches

  • 10 Utah Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05893Central Bank202 South Main Street, Springville, UT 84663October 17, 1891Full Service Brick and Mortar
    1219657Provo Branch75 North University Avenue, Provo, UT 84601July 01, 1966Full Service Brick and Mortar
    2219658Spanish Fork BranchOne North Main Street, Spanish Fork, UT 84660October 03, 1969Full Service Brick and Mortar
    3219659Riverside Plaza Branch1300 North State Street, Provo, UT 84601July 27, 1970Full Service Brick and Mortar
    4219660Mapleton Branch385 North Main St, Mapleton, UT 84663October 05, 1972Full Service Brick and Mortar
    5219661Payson Branch182 North Main Street, Payson, UT 84651August 01, 1980Full Service Brick and Mortar
    6219662Orem Branch415 North State St, Orem, UT 84057October 01, 1982Full Service Brick and Mortar
    7219663American Fork Branch175 East Main St, American Fork, UT 84003March 25, 1996Full Service Brick and Mortar
    8419235Lehi Office475 East Main Street, Lehi, UT 84043June 11, 2003Full Service Brick and Mortar
    9480307Pleasant Grove Branch801 S Pleasant Grove Blvd, Pleasant Grove, UT 84062Febuary 28, 2008Full Service Brick and Mortar

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