GE Capital Retail Bank in Draper, Utah (UT)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • GE Capital Retail Bank in Draper, Utah (UT)
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GE Capital Retail Bank - Overview

  • General
  • FDIC Certificate #: 27314
    Status: Active
    Federal Reserve ID: 1216022
    Date Established: August 01, 1988
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 2 (Domestic: 1, Foreign: 1, Interstate: No)
    OTS Docket #: 15044
    FDIC's unique #: 39510
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Credit Card Institutions: Yes
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Credit-Card Specialization
    Date of Deposit Insurance: August 01, 1988
    Last Structure Change Effective Date: October 01, 2011
    Last Structure Change Process Date: October 04, 2011
    Last Data Update: October 04, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 170 West Election Road, Suite 125, Draper, UT 84020
    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
  • Corrections
    Name Change
  • Financial Summary
  • Total assets: $25,101.0 mil
    Equity capital: $4,414.8 mil
    Deposits held in domestic offices: $17,899.9 mil
    Return on assets (ROA): 5.39% ($1,352.9 mil)
    Quarterly return on assets: 4.29% ($1,076.8 mil)
    Return on Equity (ROE): 27.99% ($1,235.8 mil)
    Quarterly return on equity: 24.19% ($1,068.0 mil)
    Net income: $1,219.8 mil
    Quarterly Net income: $258.6 mil
    Pretax return on assets: 8.29% ($2,080,871.0 mil)
    Quarterly Pretax return on assets: 6.79% ($1,704,356.3 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
  • 3,416Total employees (full-time equivalent)
  • $25,100,977Total assets
  • $855,958Cash and due from depository institutions
  • $663,555Interest-bearing balances
  • $497,697Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $22,425,282Net loans & leases
  • $978,111Loan loss allowance
  • $0Trading account assets
  • $17,628Bank premises and fixed assets
  • $-2,888Other real estate owned
  • $464,230Goodwill and other intangibles
  • $25,100,977Life insurance assets
  • $843,070All other assets
  • $20,686,164Total liabilities and capital
  • $17,899,941Total liabilities
  • $17,543,761Total deposits
  • $17,899,941Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $241,980Trading liabilities
  • $0Other borrowed funds
  • $2,544,243Subordinated debt
  • $4,414,813All other liabilities
  • $4,414,813Total equity capital
  • $4,414,813Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $3,779,285Surplus
  • $634,528Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $437,979Income earned, not collected on loans
  • $0Earning assets
  • $116,230Long-term assets (5+ years)
  • $23,586,534Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $22,635,797Volatile liabilities
  • $24,096,516Insider loans
  • $29,792,378FHLB advances
  • $24,637,787Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $3,951,623Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $245,416,795Restructured Loans and leases
  • $0Derivatives
  • $76,050Total assets and liabilities in foreign offices

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,977,392Total interest income
  • $402,711Total interest expense
  • $3,574,681Net interest income
  • $1,003,170Provision for loan and lease losses
  • $888,445Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $888,445Additional noninterest income
  • $1,693,059Total noninterest expense
  • $220,489Salaries and employee benefits
  • $54,554Premises and equipment expense
  • $1,418,016Additional noninterest expense
  • $1,766,897Pre-tax net operating income
  • $0Securities gains (losses)
  • $655,947Applicable income taxes
  • $1,110,950Income before extraordinary items
  • $108,846Extraordinary gains - net
  • $1,219,796Net income attributable to bank
  • $0Net charge-offs
  • $1,219,796Cash dividends
  • $960,747Sale, conversion, retirement of capital stock, net
  • $2,575,000Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 19.08%Yield on earning assets
  • 1.93%Cost of funding earning assets
  • 17.15%Net interest margin
  • 4.26%Noninterest income to earning assets
  • 8.12%Noninterest expense to earning assets
  • 4.91%Net operating income to assets
  • 5.39%Return on assets (ROA)
  • 8.29%Pretax return on assets
  • 27.99%Return on equity (ROE)
  • -31.09%Retained earnings to average equity (YTD only)
  • 4.50%Net charge-offs to loans
  • 104.42%Credit loss provision to net charge-offs
  • 2.88%Efficiency ratio
  • 36,631Assets per employee
  • 7.35%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 211.10%Loss allowance to loans
  • 4.18%Loss allowance to noncurrent loans
  • 223.32%Noncurrent assets plus other real estate owned to assets
  • 1.73%Noncurrent loans to loans
  • 1.87%Net loans and leases to deposits
  • 125.28%Net loans and leases to core deposits
  • 6296.04%Equity capital to assets
  • 17.59%Core capital (leverage) ratio
  • 16.04%Tier 1 risk-based capital ratio
  • 13.26%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $22,635,797Average earning assets
  • $4,358,710Average equity
  • $20,845,933Average loans

List of branches

  • 1 Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    1261716Melbourne Branch (Foreign)258 Queensbury Street Carlton, Victoria, 3053, Melbourne, 0December 01, 1997Full Service Brick and Mortar
  • 1 Utah Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    039510Ge Capital Retail Bank170 West Election Road, Suite 125, Draper, UT 84020August 01, 1988Full Service Brick and Mortar

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