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

This bank is inactive as of August 29, 2000

  • Community First National Bank in Salt Lake City, Utah (UT)
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Community First National Bank - Overview

  • General
  • FDIC Certificate #: 23320
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Community First National Bank (#3924)
    Federal Reserve ID: 177274
    Date Established: January 16, 1981
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 4 (Interstate: No)
    OTS Docket #: 10877
    FDIC's unique #: 16342
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 16, 1981
    Last Structure Change Effective Date: August 29, 2000
    Last Structure Change Process Date: September 29, 2000
    Last Data Update: September 29, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 142 East 200 South, Salt Lake City, UT 84111
    County: Salt Lake
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: Kansas City
    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)
  • Financial Summary
  • Total assets: $115.7 mil

1992 - 1999 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, 1999)

  • Dollar figures in thousands
  • 57Total employees (full-time equivalent)
  • $108,315Total assets
  • $4,129Cash and due from depository institutions
  • $4Interest-bearing balances
  • $33,007Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $65,421Net loans & leases
  • $1,337Loan loss allowance
  • $0Trading account assets
  • $1,380Bank premises and fixed assets
  • $1,582Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $2,796All other assets
  • $108,315Total liabilities and capital
  • $100,721Total liabilities
  • $80,311Total deposits
  • $57,115Interest-bearing deposits
  • $80,311Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $6,436Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $13,000Other borrowed funds
  • $0Subordinated debt
  • $974All other liabilities
  • $7,594Total equity capital
  • $7,594Total bank equity capital
  • $7,594Perpetual preferred stock
  • $0Common stock
  • $1,000Surplus
  • $1,640Undivided profits
  • Memoranda
  • $4,954Noncurrent loans and leases
  • $15,058Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $723Earning assets
  • $207Long-term assets (5+ years)
  • $691Average Assets, year-to-date
  • $98,432Average Assets, quarterly
  • $31,577Volatile liabilities
  • $106,582Insider loans
  • $113,797FHLB advances
  • $24,066Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $15,058Total unused commitments
  • $0Restructured Loans and leases
  • $1,017Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $9,551Total interest income
  • $2,886Total interest expense
  • $6,665Net interest income
  • $108Provision for loan and lease losses
  • $2,690Total noninterest income
  • $0Fiduciary activities
  • $771Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,919Additional noninterest income
  • $4,741Total noninterest expense
  • $2,546Salaries and employee benefits
  • $936Premises and equipment expense
  • $1,259Additional noninterest expense
  • $4,506Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,648Applicable income taxes
  • $2,858Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,858Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $103Sale, conversion, retirement of capital stock, net
  • $1,200Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 9.89%Yield on earning assets
  • 2.99%Cost of funding earning assets
  • 6.90%Net interest margin
  • 2.79%Noninterest income to earning assets
  • 4.91%Noninterest expense to earning assets
  • 2.68%Net operating income to assets
  • 2.68%Return on assets (ROA)
  • 4.23%Pretax return on assets
  • 38.04%Return on equity (ROE)
  • 22.07%Retained earnings to average equity (YTD only)
  • 0.15%Net charge-offs to loans
  • 104.85%Credit loss provision to net charge-offs
  • 44.80%Efficiency ratio
  • 50,679Assets per employee
  • 1.90%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 41.99%Loss allowance to loans
  • 2.00%Loss allowance to noncurrent loans
  • 184.92%Noncurrent assets plus other real estate owned to assets
  • 2.13%Noncurrent loans to loans
  • 1.08%Net loans and leases to deposits
  • 81.46%Net loans and leases to core deposits
  • 86.44%Equity capital to assets
  • 7.01%Core capital (leverage) ratio
  • 8.11%Tier 1 risk-based capital ratio
  • 10.93%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $106,582Average earning assets
  • $7,513Average equity
  • $96,530Average loans

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