First Utah Bank in city_name, state_name - Detailed Financial Reports, Location

First Utah Bank in Salt Lake City, Utah (UT)
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First Utah Bank routing number info

First Utah Bank - Overview

General
FDIC Certificate #: 22738
Status: Active
Federal Reserve ID: 207872
Bank Holding Company (Regulatory Top Holder): First Utah Bancorporation (RSSDID: 1027992, Location: Salt Lake City, UT)
Date Established: October 19, 1978
WWW: http://www.firstutahbank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 8 (Domestic: 8, Interstate: No)
FDIC's unique #: 15875
Numeric code: 13
Regulator: FED
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: Commercial Lending Specialization
Date of Deposit Insurance: October 19, 1978
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
Location
Address: 3826 South 2300 East, Salt Lake City, UT 84109
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
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $253.4 mil
Equity capital: $19.3 mil
Deposits held in domestic offices: $215.2 mil
Return on assets (ROA): -1.37% (-$3.5 mil)
Quarterly return on assets: -0.17% (-$0.4 mil)
Return on Equity (ROE): -20.03% (-$3.8 mil)
Quarterly return on equity: -2.37% (-$0.5 mil)
Net income: -$3.8 mil
Quarterly Net income: -$0.1 mil
Pretax return on assets: -1.45% (-$3,673.8 mil)
Quarterly Pretax return on assets: -0.25% (-$633.4 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ 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
110Total employees (full-time equivalent)
$253,367Total assets
$29,062Cash and due from depository institutions
$23,933Interest-bearing balances
$30,296Securities
$6Federal funds sold & reverse repurchase agreements
$153,004Net loans & leases
$6,650Loan loss allowance
$8,976Trading account assets
$11,604Bank premises and fixed assets
$10,632Other real estate owned
$0Goodwill and other intangibles
$253,367Life insurance assets
$9,787All other assets
$234,051Total liabilities and capital
$215,215Total liabilities
$198,250Total deposits
$215,215Interest-bearing deposits
$96Deposits held in domestic offices
18257.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$579Subordinated debt
$19,316All other liabilities
$19,316Total equity capital
$19,316Total bank equity capital
$0Perpetual preferred stock
$40,064Common stock
$5,182Surplus
$-25,930Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$7,074Income earned, not collected on loans
$126Earning assets
$770Long-term assets (5+ years)
$216,215Average Assets, year-to-date
$40,615Average Assets, quarterly
$273,332Volatile liabilities
$257,102Insider loans
$177,001FHLB advances
$252,050Loans and leases held for sale
$5,787Unused loan commitments
$205Tier 1 (core) risk-based capital
$19,153Tier 2 risk-based capital
$4,227Total risk weighted assets
$1,355Total unused commitments
$26,304Restructured Loans and leases
$5,276Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$10,631Total interest income
$2,752Total interest expense
$7,879Net interest income
$1,263Provision for loan and lease losses
$1,844Total noninterest income
$0Fiduciary activities
$675Service charges on deposit accounts
$89Trading account gains & fees
$1,080Additional noninterest income
$13,204Total noninterest expense
$6,814Salaries and employee benefits
$1,876Premises and equipment expense
$4,514Additional noninterest expense
-$4,744Pre-tax net operating income
$779Securities gains (losses)
-$212Applicable income taxes
-$3,753Income before extraordinary items
$0Extraordinary gains - net
-$3,753Net income attributable to bank
$0Net charge-offs
-$3,753Cash dividends
$2,993Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.62%Yield on earning assets
1.20%Cost of funding earning assets
3.42%Net interest margin
0.80%Noninterest income to earning assets
5.74%Noninterest expense to earning assets
-1.64%Net operating income to assets
-1.37%Return on assets (ROA)
-1.45%Pretax return on assets
-20.03%Return on equity (ROE)
-20.03%Retained earnings to average equity (YTD only)
1.87%Net charge-offs to loans
42.20%Credit loss provision to net charge-offs
-1.16%Efficiency ratio
135,802Assets per employee
2.30%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
4.17%Loss allowance to noncurrent loans
94.01%Noncurrent assets plus other real estate owned to assets
6.99%Noncurrent loans to loans
4.43%Net loans and leases to deposits
71.09%Net loans and leases to core deposits
77.37%Equity capital to assets
7.62%Core capital (leverage) ratio
7.60%Tier 1 risk-based capital ratio
10.82%Total risk-based capital ratio
Memoranda
$12Average assets
$273,332Average earning assets
$18,740Average equity
$230,088Average loans

List of branches

8 Utah Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	15875	First Utah Bank	3826 South 2300 East, Salt Lake City, UT 84109	October 19, 1978	Full Service Brick and Mortar
2	255188	West Valley City Branch	4900 West 3500 South, West Valley City, UT 84120	Febuary 01, 1994	Full Service Brick and Mortar
3	255189	Midvale Branch	7070 State Street, Midvale, UT 84047	March 03, 1995	Full Service Brick and Mortar
4	255190	Centennial Park Branch	1991 South 3600 West, Salt Lake City, UT 84104	May 20, 1996	Full Service Brick and Mortar
5	255191	Sandy Branch	11015 South State Street, Sandy, UT 84070	January 16, 1997	Full Service Brick and Mortar
6	255192	City Center Branch	115 East 1300 South, Salt Lake City, UT 84115	October 24, 1997	Full Service Brick and Mortar
7	466219	International Branch	3123 South Redwood Road, West Valley City, UT 84119	April 13, 2007	Full Service Brick and Mortar
8	480609	Riverton Office	12600 South 4168 West, Riverton, UT 84065	March 03, 2008	Full Service Brick and Mortar

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

First Utah Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

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

First Utah Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

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