First Electronic Bank in Sandy, Utah (UT)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • First Electronic Bank in Sandy, Utah (UT)
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First Electronic Bank - Overview

  • 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)

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
  • 35Total employees (full-time equivalent)
  • $8,655Total assets
  • $5,995Cash and due from depository institutions
  • $2,751Interest-bearing balances
  • $200Securities
  • $861Federal funds sold & reverse repurchase agreements
  • $304Net loans & leases
  • $0Loan loss allowance
  • $0Trading account assets
  • $228Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $8,655Life insurance assets
  • $1,067All other assets
  • $1,974Total liabilities and capital
  • $953Total liabilities
  • $500Total deposits
  • $953Interest-bearing deposits
  • $61Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,021Subordinated debt
  • $6,681All other liabilities
  • $6,681Total equity capital
  • $6,681Total bank equity capital
  • $0Perpetual preferred stock
  • $1,705Common stock
  • $13,494Surplus
  • $-8,518Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $304Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $3Long-term assets (5+ years)
  • $4,116Average Assets, year-to-date
  • $200Average Assets, quarterly
  • $7,864Volatile liabilities
  • $8,237Insider loans
  • $2,418FHLB advances
  • $7,867Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $6,681Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $339,678Restructured Loans and leases
  • $10Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $35Total interest income
  • $4Total interest expense
  • $31Net interest income
  • $0Provision for loan and lease losses
  • $5,332Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $5,332Additional noninterest income
  • $4,756Total noninterest expense
  • $2,595Salaries and employee benefits
  • $475Premises and equipment expense
  • $1,686Additional noninterest expense
  • $607Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $607Income before extraordinary items
  • $0Extraordinary gains - net
  • $607Net income attributable to bank
  • $0Net charge-offs
  • $607Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.95%Yield on earning assets
  • 0.11%Cost of funding earning assets
  • 0.84%Net interest margin
  • 144.08%Noninterest income to earning assets
  • 128.51%Noninterest expense to earning assets
  • 7.72%Net operating income to assets
  • 7.72%Return on assets (ROA)
  • 7.72%Pretax return on assets
  • 9.63%Return on equity (ROE)
  • 9.63%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 88,682Assets per employee
  • 0.25%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%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
  • 31.90%Net loans and leases to core deposits
  • 375.31%Equity capital to assets
  • 77.19%Core capital (leverage) ratio
  • 84.92%Tier 1 risk-based capital ratio
  • 276.30%Total risk-based capital ratio
  • Memoranda
  • $276Average assets
  • $7,864Average earning assets
  • $6,300Average equity
  • $3,701Average loans

List of branches

  • 1 Utah Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    081328First Electronic Bank280 West 10200 South, Suite 200, Sandy, UT 84070October 05, 2000Full Service Brick and Mortar

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