FDIC Certificate #: 57293 Status: Active Federal Reserve ID: 3121072 Date Established: June 03, 2002 WWW:http://www.enerbank.com 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 #: 360710 Numeric code: 23 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: Consumer Lending Specialization Date of Deposit Insurance: June 03, 2002 Last Structure Change Effective Date: September 05, 2006 Last Structure Change Process Date: October 06, 2006 Last Data Update: October 06, 2006 Data Source Date: April 05, 2012
Location
Address: 1245 E. Brickyard Road, Suite 640, Salt Lake City, UT 84106 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)
History of Changes
Change in Location
Financial Summary
Total assets: $522.9 mil Equity capital: $50.8 mil Deposits held in domestic offices: $462.2 mil Return on assets (ROA): 2.29% ($12.0 mil) Quarterly return on assets: 2.32% ($12.1 mil) Return on Equity (ROE): 23.19% ($11.8 mil) Quarterly return on equity: 23.72% ($12.1 mil) Net income: $10.4 mil Quarterly Net income: $2.9 mil Pretax return on assets: 3.67% ($19,190.6 mil) Quarterly Pretax return on assets: 3.78% ($19,765.8 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
119Total employees (full-time equivalent)
$522,905Total assets
$19,309Cash and due from depository institutions
$0Interest-bearing balances
$6,959Securities
$0Federal funds sold & reverse repurchase agreements
$481,113Net loans & leases
$4,856Loan loss allowance
$0Trading account assets
$1,447Bank premises and fixed assets
$0Other real estate owned
$1,232Goodwill and other intangibles
$522,905Life insurance assets
$12,845All other assets
$472,094Total liabilities and capital
$462,221Total liabilities
$462,221Total deposits
$462,221Interest-bearing deposits
$100Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$9,873Subordinated debt
$50,811All other liabilities
$50,811Total equity capital
$50,811Total bank equity capital
$0Perpetual preferred stock
$1Common stock
$29,409Surplus
$21,401Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$668Income earned, not collected on loans
$0Earning assets
$6,291Long-term assets (5+ years)
$488,072Average Assets, year-to-date
$441,933Average Assets, quarterly
$454,249Volatile liabilities
$500,056Insider loans
$506,103FHLB advances
$498,759Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$49,579Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$96,603Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$43,632Total interest income
$6,299Total interest expense
$37,333Net interest income
$4,199Provision for loan and lease losses
$336Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$336Additional noninterest income
$16,791Total noninterest expense
$11,540Salaries and employee benefits
$1,922Premises and equipment expense
$3,329Additional noninterest expense
$16,679Pre-tax net operating income
$0Securities gains (losses)
$6,288Applicable income taxes
$10,391Income before extraordinary items
$0Extraordinary gains - net
$10,391Net income attributable to bank
$0Net charge-offs
$10,391Cash dividends
$3,960Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
10.30%Yield on earning assets
1.49%Cost of funding earning assets
8.81%Net interest margin
0.08%Noninterest income to earning assets
3.96%Noninterest expense to earning assets
2.29%Net operating income to assets
2.29%Return on assets (ROA)
3.67%Pretax return on assets
23.19%Return on equity (ROE)
23.19%Retained earnings to average equity (YTD only)
0.94%Net charge-offs to loans
106.04%Credit loss provision to net charge-offs
5.27%Efficiency ratio
43,487Assets per employee
4.39%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.00%Loss allowance to noncurrent loans
726.95%Noncurrent assets plus other real estate owned to assets
0.13%Noncurrent loans to loans
0.14%Net loans and leases to deposits
104.09%Net loans and leases to core deposits
3084.45%Equity capital to assets
9.72%Core capital (leverage) ratio
9.94%Tier 1 risk-based capital ratio
9.80%Total risk-based capital ratio
Memoranda
$11Average assets
$454,249Average earning assets
$44,813Average equity
$423,623Average loans
List of branches
1 Utah Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
360710
Enerbank Usa
1245 E. Brickyard Road, Suite 640, Salt Lake City, UT 84106
June 03, 2002
Full Service Brick and Mortar
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