First Commerce Bank in Logan, Utah (UT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 16, 1999

  • First Commerce Bank in Logan, Utah (UT)
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First Commerce Bank - Overview

  • General
  • FDIC Certificate #: 25833
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Bank of Utah (#17159)
    Federal Reserve ID: 502577
    Date Established: December 06, 1984
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    FDIC's unique #: 32067
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: December 06, 1984
    Last Structure Change Effective Date: September 16, 1999
    Last Structure Change Process Date: October 28, 1999
    Last Data Update: October 28, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 5 East 1400 North, Logan, UT 84341
    County: Cache
    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
    Core Based Statistical Area (CBSA): Logan, UT-ID (#30860)
    CBSA Metro Statistical Area: Logan, UT-ID (#30860)
  • Financial Summary
  • Total assets: $41.6 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, 1998)

  • Dollar figures in thousands
  • 26Total employees (full-time equivalent)
  • $40,131Total assets
  • $4,253Cash and due from depository institutions
  • $2,017Interest-bearing balances
  • $4,712Securities
  • $1,645Federal funds sold & reverse repurchase agreements
  • $26,334Net loans & leases
  • $341Loan loss allowance
  • $0Trading account assets
  • $2,192Bank premises and fixed assets
  • $102Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $893All other assets
  • $40,131Total liabilities and capital
  • $36,973Total liabilities
  • $36,733Total deposits
  • $27,340Interest-bearing deposits
  • $36,733Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $240All other liabilities
  • $3,158Total equity capital
  • $3,158Total bank equity capital
  • $3,158Perpetual preferred stock
  • $0Common stock
  • $148Surplus
  • $2,153Undivided profits
  • Memoranda
  • $857Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $194Earning assets
  • $0Long-term assets (5+ years)
  • $307Average Assets, year-to-date
  • $34,708Average Assets, quarterly
  • $2,980Volatile liabilities
  • $35,521Insider loans
  • $39,374FHLB advances
  • $1,709Loans and leases held for sale
  • $678Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $7,111Total unused commitments
  • $0Restructured Loans and leases
  • $27,539Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $3,355Total interest income
  • $1,093Total interest expense
  • $2,262Net interest income
  • $109Provision for loan and lease losses
  • $549Total noninterest income
  • $0Fiduciary activities
  • $338Service charges on deposit accounts
  • $0Trading account gains & fees
  • $211Additional noninterest income
  • $1,824Total noninterest expense
  • $948Salaries and employee benefits
  • $280Premises and equipment expense
  • $596Additional noninterest expense
  • $878Pre-tax net operating income
  • $0Securities gains (losses)
  • $322Applicable income taxes
  • $556Income before extraordinary items
  • $0Extraordinary gains - net
  • $556Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $105Sale, conversion, retirement of capital stock, net
  • $185Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 10.90%Yield on earning assets
  • 3.55%Cost of funding earning assets
  • 7.35%Net interest margin
  • 1.78%Noninterest income to earning assets
  • 5.93%Noninterest expense to earning assets
  • 1.57%Net operating income to assets
  • 1.57%Return on assets (ROA)
  • 2.47%Pretax return on assets
  • 19.12%Return on equity (ROE)
  • 12.76%Retained earnings to average equity (YTD only)
  • 0.44%Net charge-offs to loans
  • 103.81%Credit loss provision to net charge-offs
  • 9.40%Efficiency ratio
  • 64,888Assets per employee
  • 1.54%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 33.27%Loss allowance to loans
  • 1.28%Loss allowance to noncurrent loans
  • 175.77%Noncurrent assets plus other real estate owned to assets
  • 0.74%Noncurrent loans to loans
  • 0.73%Net loans and leases to deposits
  • 71.69%Net loans and leases to core deposits
  • 75.19%Equity capital to assets
  • 7.87%Core capital (leverage) ratio
  • 7.96%Tier 1 risk-based capital ratio
  • 11.46%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $35,521Average earning assets
  • $2,909Average equity
  • $30,780Average loans

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