First Electronic Bank in Sandy, Utah (UT)
Other nearby banks:
Show street view
No street view available for this location
First Electronic Bank routing number info
Table of contents:
| First Electronic Bank | |
|---|---|
| General | FDIC Certificate #: 35533 Status: Active Federal Reserve ID: 2947556 Date Established: October 05, 2000 WWW: http://www.fryscrcom 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 #: 81328 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: Other Specialized Lending < 1 Billion Date of Deposit Insurance: October 05, 2000 Last Structure Change Effective Date: March 28, 2011 Last Structure Change Process Date: March 28, 2011 Last Data Update: March 28, 2011 Data Source Date: April 05, 2012 |
| Location | Address: 280 West 10200 South, Suite 200, Sandy, UT 84070 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: $8.7 mil Equity capital: $6.7 mil Deposits held in domestic offices: $1.0 mil Return on assets (ROA): 7.72% ($0.7 mil) Quarterly return on assets: 16.41% ($1.5 mil) Return on Equity (ROE): 9.63% ($0.7 mil) Quarterly return on equity: 20.76% ($1.5 mil) Net income: $0.6 mil Quarterly Net income: $0.3 mil Pretax return on assets: 7.72% ($668.2 mil) Quarterly Pretax return on assets: 16.41% ($1,420.3 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 35 |
| Total assets | $8,655 |
| Cash and due from depository institutions | $5,995 |
| Interest-bearing balances | $2,751 |
| Securities | $200 |
| Federal funds sold & reverse repurchase agreements | $861 |
| Net loans & leases | $304 |
| Loan loss allowance | $0 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $228 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $1,067 |
| Life insurance assets | $8,655 |
| Total liabilities and capital | $1,974 |
| Total liabilities | $953 |
| Total deposits | $500 |
| Interest-bearing deposits | $953 |
| Deposits held in domestic offices | $61 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $1,021 |
| All other liabilities | $6,681 |
| Total equity capital | $6,681 |
| Total bank equity capital | $6,681 |
| Perpetual preferred stock | $0 |
| Common stock | $1,705 |
| Surplus | $13,494 |
| Undivided profits | $-8,518 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $304 |
| Income earned, not collected on loans | $0 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $3 |
| Average Assets, year-to-date | $4,116 |
| Average Assets, quarterly | $200 |
| Volatile liabilities | $7,864 |
| Insider loans | $8,237 |
| FHLB advances | $2,418 |
| Loans and leases held for sale | $7,867 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $6,681 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $339,678 |
| Derivatives | $10 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $35 |
| Total interest expense | $4 |
| Net interest income | $31 |
| Provision for loan and lease losses | $0 |
| Total noninterest income | $5,332 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $0 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $5,332 |
| Total noninterest expense | $4,756 |
| Salaries and employee benefits | $2,595 |
| Premises and equipment expense | $475 |
| Additional noninterest expense | $1,686 |
| Pre-tax net operating income | $607 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $607 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $607 |
| Net charge-offs | $0 |
| Cash dividends | $607 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 0.95% |
| Cost of funding earning assets | 0.11% |
| Net interest margin | 0.84% |
| Noninterest income to earning assets | 144.08% |
| Noninterest expense to earning assets | 128.51% |
| Net operating income to assets | 7.72% |
| Return on assets (ROA) | 7.72% |
| Pretax return on assets | 7.72% |
| Return on equity (ROE) | 9.63% |
| Retained earnings to average equity (YTD only) | 9.63% |
| Net charge-offs to loans | 0.00% |
| Credit loss provision to net charge-offs | 0.00% |
| Efficiency ratio | 0.00% |
| Assets per employee | $88,682 |
| Cash dividends to net income (YTD only) | 0.25% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 0.00% |
| Noncurrent assets plus other real estate owned to assets | 0.00% |
| Noncurrent loans to loans | 0.00% |
| Net loans and leases to deposits | 0.00% |
| Net loans and leases to core deposits | 31.90% |
| Equity capital to assets | 375.31% |
| Core capital (leverage) ratio | 77.19% |
| Tier 1 risk-based capital ratio | 84.92% |
| Total risk-based capital ratio | 276.30% |
| Memoranda | |
| Average assets | $276 |
| Average earning assets | $7,864 |
| Average equity | $6,300 |
| Average loans | $3,701 |
| 1 Utah Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 81328 | First Electronic Bank | 280 West 10200 South, Suite 200, Sandy, UT 84070 | October 05, 2000 | Full Service Brick and Mortar |  |
User Contributions:
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with First Electronic Bank.
Based on public records. Inadvertent errors are possible.
BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Based on public records. Inadvertent errors are possible.
BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.