Continental Bank in Salt Lake City, Utah (UT)



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Continental Bank
GeneralFDIC 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
LocationAddress: 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 SummaryTotal 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)
Total employees (full-time equivalent)15
Total assets$113,700
Cash and due from depository institutions$8,154
Interest-bearing balances$7,853
Securities$3,651
Federal funds sold & reverse repurchase agreements$256
Net loans & leases$94,721
Loan loss allowance $2,415
Trading account assets$0
Bank premises and fixed assets$35
Other real estate owned$2,508
Goodwill and other intangibles$0
All other assets$4,375
Life insurance assets$113,700
Total liabilities and capital$85,321
Total liabilities$84,013
Total deposits$84,013
Interest-bearing deposits$84,013
Deposits held in domestic offices$97
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $1,308
All other liabilities $28,379
Total equity capital$28,379
Total bank equity capital$28,379
Perpetual preferred stock$0
Common stock$737
Surplus$11,547
Undivided profits $16,095
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $2,373
Earning assets $0
Long-term assets (5+ years) $752
Average Assets, year-to-date $106,481
Average Assets, quarterly $18,057
Volatile liabilities $107,101
Insider loans $110,714
FHLB advances $105,258
Loans and leases held for sale $103,534
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $28,379
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $1,453
Derivatives$0
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $15,362
Total interest expense $1,352
Net interest income $14,010
Provision for loan and lease losses $0
Total noninterest income $812
Fiduciary activities $0
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $812
Total noninterest expense $4,348
Salaries and employee benefits $3,113
Premises and equipment expense $143
Additional noninterest expense $1,092
Pre-tax net operating income $10,474
Securities gains (losses) $0
Applicable income taxes $158
Income before extraordinary items $10,316
Extraordinary gains - net $0
Net income attributable to bank $10,316
Net charge-offs $0
Cash dividends $10,316
Sale, conversion, retirement of capital stock, net $836
Net operating income $7,730
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets15.04%
Cost of funding earning assets 1.32%
Net interest margin 13.71%
Noninterest income to earning assets 0.79%
Noninterest expense to earning assets 4.26%
Net operating income to assets 9.63%
Return on assets (ROA) 9.63%
Pretax return on assets 9.78%
Return on equity (ROE) 43.89%
Retained earnings to average equity (YTD only) 11.00%
Net charge-offs to loans 0.89%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio12.53%
Assets per employee$29,335
Cash dividends to net income (YTD only)7.58%
Condition Ratios (%)
Loss allowance to loans 74.93%
Loss allowance to noncurrent loans 2.49%
Noncurrent assets plus other real estate owned to assets 101.77%
Noncurrent loans to loans 4.29%
Net loans and leases to deposits2.44%
Net loans and leases to core deposits 112.75%
Equity capital to assets 287.41%
Core capital (leverage) ratio 24.96%
Tier 1 risk-based capital ratio 27.41%
Total risk-based capital ratio 26.96%
Memoranda
Average assets$28
Average earning assets$107,101
Average equity $23,506
Average loans $102,162
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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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