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

  • First Utah Bank in Salt Lake City, Utah (UT)
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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
    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
  • NoIDNameAddressEstablishedService TypeMap
    015875First Utah Bank3826 South 2300 East, Salt Lake City, UT 84109October 19, 1978Full Service Brick and Mortar
    2255188West Valley City Branch4900 West 3500 South, West Valley City, UT 84120Febuary 01, 1994Full Service Brick and Mortar
    3255189Midvale Branch7070 State Street, Midvale, UT 84047March 03, 1995Full Service Brick and Mortar
    4255190Centennial Park Branch1991 South 3600 West, Salt Lake City, UT 84104May 20, 1996Full Service Brick and Mortar
    5255191Sandy Branch11015 South State Street, Sandy, UT 84070January 16, 1997Full Service Brick and Mortar
    6255192City Center Branch115 East 1300 South, Salt Lake City, UT 84115October 24, 1997Full Service Brick and Mortar
    7466219International Branch3123 South Redwood Road, West Valley City, UT 84119April 13, 2007Full Service Brick and Mortar
    8480609Riverton Office12600 South 4168 West, Riverton, UT 84065March 03, 2008Full Service Brick and Mortar

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