First Interstate Bank of Utah, National Association in city_name, state_name

First Interstate Bank of Utah, National Association in Salt Lake City, Utah (UT)
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First Interstate Bank of Utah, National Association - Overview

General
FDIC Certificate #: 1261
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Wells Fargo Bank, National Association (#3511)
Federal Reserve ID: 603979
Date Established: January 01, 1859
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 33 (Interstate: No)
FDIC's unique #: 858
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: June 01, 1996
Last Structure Change Process Date: June 06, 1996
Last Data Update: June 06, 1996
Data Source Date: April 05, 2012
Location
Address: 180 South Main Street, Salt Lake City, UT 84142
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: $1,127.8 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$331Total assets
$954,086Cash and due from depository institutions
$139,533Interest-bearing balances
$0Securities
$37,017Federal funds sold & reverse repurchase agreements
$63,275Net loans & leases
$686,415Loan loss allowance
$10,354Trading account assets
$0Bank premises and fixed assets
$10,878Other real estate owned
$0Goodwill and other intangibles
$16,968Life insurance assets
$0All other assets
$0Total liabilities and capital
$954,086Total liabilities
$883,622Total deposits
$865,664Interest-bearing deposits
$585,512Deposits held in domestic offices
865664.00%% insured (estimated)
$79Federal funds purchased & repurchase agreements
$4,235Trading liabilities
$0Other borrowed funds
$3,117Subordinated debt
$0All other liabilities
$10,606Total equity capital
$10,606Total bank equity capital
$70,464Perpetual preferred stock
$0Common stock
$13,000Surplus
$16,261Undivided profits
Memoranda
$41,203Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,997Income earned, not collected on loans
$4,950Earning assets
$786,707Long-term assets (5+ years)
$241,374Average Assets, year-to-date
$941,482Average Assets, quarterly
$938,488Volatile liabilities
$24,558Insider loans
$128FHLB advances
$0Loans and leases held for sale
$686Unused loan commitments
$366,617Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$70,222Total risk weighted assets
$674,630Total unused commitments
$0Restructured Loans and leases
$71,000Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$65,147Total interest expense
$21,482Net interest income
$43,665Provision for loan and lease losses
$0Total noninterest income
$15,604Fiduciary activities
$3,224Service charges on deposit accounts
$8,283Trading account gains & fees
$0Additional noninterest income
$4,097Total noninterest expense
$38,071Salaries and employee benefits
$10,454Premises and equipment expense
$3,297Additional noninterest expense
$24,320Pre-tax net operating income
$21,198Securities gains (losses)
$0Applicable income taxes
$7,419Income before extraordinary items
$13,779Extraordinary gains - net
$0Net income attributable to bank
$13,779Net charge-offs
$1,084Cash dividends
$6,450Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.21%Cost of funding earning assets
2.71%Net interest margin
5.50%Noninterest income to earning assets
1.97%Noninterest expense to earning assets
4.80%Net operating income to assets
1.46%Return on assets (ROA)
1.46%Pretax return on assets
2.25%Return on equity (ROE)
20.77%Retained earnings to average equity (YTD only)
11.05%Net charge-offs to loans
0.16%Credit loss provision to net charge-offs
0.00%Efficiency ratio
64,234Assets per employee
2.88%Cash dividends to net income (YTD only)
Condition Ratios (%)
46.81%Loss allowance to loans
1.49%Loss allowance to noncurrent loans
518.48%Noncurrent assets plus other real estate owned to assets
0.21%Noncurrent loans to loans
0.29%Net loans and leases to deposits
79.29%Net loans and leases to core deposits
80.91%Equity capital to assets
7.39%Core capital (leverage) ratio
7.35%Tier 1 risk-based capital ratio
10.41%Total risk-based capital ratio
Memoranda
$12Average assets
$941,482Average earning assets
$66,331Average equity
$793,790Average loans

First Interstate Bank of Utah, National Association in Salt Lake City, Utah (UT)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Interstate Bank of Utah, National Association - Overview

Assets and Liabilities (December 31, 1995)

Income and Expense (December 31, 1995)

Performance and Condition Ratios (December 31, 1995)

Comment about this bank, ask questions, or add new information about it:

First Interstate Bank of Utah, National Association in Salt Lake City, Utah (UT)Overview, Financial Summary, Detailed Financial Reports, Branches

First Interstate Bank of Utah, National Association - Overview

Assets and Liabilities (December 31, 1995)

Income and Expense (December 31, 1995)

Performance and Condition Ratios (December 31, 1995)

Comment about this bank, ask questions, or add new information about it:

First Interstate Bank of Utah, National Association in Salt Lake City, Utah (UT)
Overview, Financial Summary, Detailed Financial Reports, Branches