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

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

  • General
  • FDIC Certificate #: 57571
    Status: Active
    Federal Reserve ID: 3220863
    Bank Holding Company (Regulatory Top Holder): Continental Bancorporation (RSSDID: 3191459, Location: Salt Lake City, UT)
    Date Established: November 03, 2003
    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 #: 365653
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: November 03, 2003
    Last Structure Change Effective Date: October 06, 2009
    Last Structure Change Process Date: October 06, 2009
    Last Data Update: October 06, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 15 West South Temple, Suite 420, Salt Lake City, UT 84101
    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)
  • Financial Summary
  • Total assets: $113.7 mil
    Equity capital: $28.4 mil
    Deposits held in domestic offices: $84.0 mil
    Return on assets (ROA): 9.63% ($11.0 mil)
    Quarterly return on assets: 10.78% ($12.3 mil)
    Return on Equity (ROE): 43.89% ($12.3 mil)
    Quarterly return on equity: 43.03% ($12.0 mil)
    Net income: $10.3 mil
    Quarterly Net income: $3.0 mil
    Pretax return on assets: 9.78% ($11,119.9 mil)
    Quarterly Pretax return on assets: 11.20% ($12,734.4 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
  • 15Total employees (full-time equivalent)
  • $113,700Total assets
  • $8,154Cash and due from depository institutions
  • $7,853Interest-bearing balances
  • $3,651Securities
  • $256Federal funds sold & reverse repurchase agreements
  • $94,721Net loans & leases
  • $2,415Loan loss allowance
  • $0Trading account assets
  • $35Bank premises and fixed assets
  • $2,508Other real estate owned
  • $0Goodwill and other intangibles
  • $113,700Life insurance assets
  • $4,375All other assets
  • $85,321Total liabilities and capital
  • $84,013Total liabilities
  • $84,013Total deposits
  • $84,013Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,308Subordinated debt
  • $28,379All other liabilities
  • $28,379Total equity capital
  • $28,379Total bank equity capital
  • $0Perpetual preferred stock
  • $737Common stock
  • $11,547Surplus
  • $16,095Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,373Income earned, not collected on loans
  • $0Earning assets
  • $752Long-term assets (5+ years)
  • $106,481Average Assets, year-to-date
  • $18,057Average Assets, quarterly
  • $107,101Volatile liabilities
  • $110,714Insider loans
  • $105,258FHLB advances
  • $103,534Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $28,379Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,453Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $15,362Total interest income
  • $1,352Total interest expense
  • $14,010Net interest income
  • $0Provision for loan and lease losses
  • $812Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $812Additional noninterest income
  • $4,348Total noninterest expense
  • $3,113Salaries and employee benefits
  • $143Premises and equipment expense
  • $1,092Additional noninterest expense
  • $10,474Pre-tax net operating income
  • $0Securities gains (losses)
  • $158Applicable income taxes
  • $10,316Income before extraordinary items
  • $0Extraordinary gains - net
  • $10,316Net income attributable to bank
  • $0Net charge-offs
  • $10,316Cash dividends
  • $836Sale, conversion, retirement of capital stock, net
  • $7,730Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 15.04%Yield on earning assets
  • 1.32%Cost of funding earning assets
  • 13.71%Net interest margin
  • 0.79%Noninterest income to earning assets
  • 4.26%Noninterest expense to earning assets
  • 9.63%Net operating income to assets
  • 9.63%Return on assets (ROA)
  • 9.78%Pretax return on assets
  • 43.89%Return on equity (ROE)
  • 11.00%Retained earnings to average equity (YTD only)
  • 0.89%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 12.53%Efficiency ratio
  • 29,335Assets per employee
  • 7.58%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 74.93%Loss allowance to loans
  • 2.49%Loss allowance to noncurrent loans
  • 101.77%Noncurrent assets plus other real estate owned to assets
  • 4.29%Noncurrent loans to loans
  • 2.44%Net loans and leases to deposits
  • 112.75%Net loans and leases to core deposits
  • 287.41%Equity capital to assets
  • 24.96%Core capital (leverage) ratio
  • 27.41%Tier 1 risk-based capital ratio
  • 26.96%Total risk-based capital ratio
  • Memoranda
  • $28Average assets
  • $107,101Average earning assets
  • $23,506Average equity
  • $102,162Average loans

List of branches

  • 1 Utah Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0365653Continental Bank15 West South Temple, Suite 420, Salt Lake City, UT 84101November 03, 2003Full Service Brick and Mortar

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