First Federal Savings Bank in Salt Lake City, Utah (UT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 12, 1993

  • First Federal Savings Bank in Salt Lake City, Utah (UT)
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First Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 28037
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Washington Federal (#28088)
    Federal Reserve ID: 737379
    Date Established: January 01, 1920
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 775
    FDIC's unique #: 40871
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: Febuary 01, 1937
    Last Structure Change Effective Date: March 12, 1993
    Last Structure Change Process Date: March 29, 1993
    Last Data Update: August 24, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 505 East Second South, Salt Lake City, UT 84102
    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
  • Merger - Without Assistance
  • Financial Summary
  • Total assets: $371.6 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $155Total assets
  • $371,639Cash and due from depository institutions
  • $10,675Interest-bearing balances
  • $1,295Securities
  • $82,787Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $259,786Loan loss allowance
  • $2,000Trading account assets
  • $0Bank premises and fixed assets
  • $8,761Other real estate owned
  • $443Goodwill and other intangibles
  • $7,811Life insurance assets
  • $1,376All other assets
  • $0Total liabilities and capital
  • $371,639Total liabilities
  • $347,938Total deposits
  • $302,583Interest-bearing deposits
  • $298,346Deposits held in domestic offices
  • 302583.00%% insured (estimated)
  • $95Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $43,673Subordinated debt
  • $0All other liabilities
  • $1,682Total equity capital
  • $1,682Total bank equity capital
  • $23,701Perpetual preferred stock
  • $0Common stock
  • $2,012Surplus
  • $6,794Undivided profits
  • Memoranda
  • $14,895Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,440Income earned, not collected on loans
  • $1,870Earning assets
  • $343,868Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $367,727Average Assets, quarterly
  • $374,653Volatile liabilities
  • $79,803Insider loans
  • $0FHLB advances
  • $40,500Loans and leases held for sale
  • $0Unused loan commitments
  • $19,560Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $23,585Total risk weighted assets
  • $202,596Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $32,383Total interest expense
  • $18,108Net interest income
  • $14,275Provision for loan and lease losses
  • $541Total noninterest income
  • $3,546Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $3,546Total noninterest expense
  • $9,153Salaries and employee benefits
  • $3,716Premises and equipment expense
  • $1,651Additional noninterest expense
  • $3,791Pre-tax net operating income
  • $8,127Securities gains (losses)
  • $359Applicable income taxes
  • $3,076Income before extraordinary items
  • $5,410Extraordinary gains - net
  • $0Net income attributable to bank
  • $5,410Net charge-offs
  • $117Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $64Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 9.48%Cost of funding earning assets
  • 5.30%Net interest margin
  • 4.18%Noninterest income to earning assets
  • 1.04%Noninterest expense to earning assets
  • 2.68%Net operating income to assets
  • 1.41%Return on assets (ROA)
  • 1.47%Pretax return on assets
  • 2.31%Return on equity (ROE)
  • 25.83%Retained earnings to average equity (YTD only)
  • 25.83%Net charge-offs to loans
  • 0.04%Credit loss provision to net charge-offs
  • 462.39%Efficiency ratio
  • 50,912Assets per employee
  • 2.40%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.76%Loss allowance to noncurrent loans
  • 138.89%Noncurrent assets plus other real estate owned to assets
  • 0.51%Noncurrent loans to loans
  • 0.55%Net loans and leases to deposits
  • 85.86%Net loans and leases to core deposits
  • 97.50%Equity capital to assets
  • 6.38%Core capital (leverage) ratio
  • 6.35%Tier 1 risk-based capital ratio
  • 11.64%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $367,727Average earning assets
  • $20,947Average equity
  • $341,463Average loans

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