FDIC Certificate #: 25082 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Community Industrial Bank (#90634) Federal Reserve ID: 176772 Date Established: August 15, 1981 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) OTS Docket #: 13723 FDIC's unique #: 17360 Numeric code: 23 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: March 26, 1984 Last Structure Change Effective Date: May 01, 1998 Last Structure Change Process Date: June 09, 1998 Last Data Update: June 09, 1998 Data Source Date: April 05, 2012
Location
Address: 81 West 33rd South, Salt Lake City, UT 84115 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: $66.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
22Total employees (full-time equivalent)
$66,522Total assets
$2,945Cash and due from depository institutions
$2,934Interest-bearing balances
$3,341Securities
$1,092Federal funds sold & reverse repurchase agreements
$58,268Net loans & leases
$895Loan loss allowance
$0Trading account assets
$84Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$792All other assets
$66,522Total liabilities and capital
$58,624Total liabilities
$42,905Total deposits
$42,870Interest-bearing deposits
$42,905Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$14,865Other borrowed funds
$0Subordinated debt
$854All other liabilities
$7,898Total equity capital
$7,898Total bank equity capital
$7,898Perpetual preferred stock
$0Common stock
$1,583Surplus
$866Undivided profits
Memoranda
$5,449Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$445Earning assets
$0Long-term assets (5+ years)
$410Average Assets, year-to-date
$65,635Average Assets, quarterly
$7,479Volatile liabilities
$63,433Insider loans
$66,446FHLB advances
$4,077Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,916Total unused commitments
$0Restructured Loans and leases
$55,538Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$6,911Total interest income
$3,318Total interest expense
$3,593Net interest income
$232Provision for loan and lease losses
$144Total noninterest income
$0Fiduciary activities
$1Service charges on deposit accounts
$0Trading account gains & fees
$143Additional noninterest income
$1,831Total noninterest expense
$1,006Salaries and employee benefits
$290Premises and equipment expense
$535Additional noninterest expense
$1,674Pre-tax net operating income
$0Securities gains (losses)
$641Applicable income taxes
$1,033Income before extraordinary items
$0Extraordinary gains - net
$1,033Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$117Sale, conversion, retirement of capital stock, net
$509Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
11.05%Yield on earning assets
5.30%Cost of funding earning assets
5.74%Net interest margin
0.23%Noninterest income to earning assets
2.93%Noninterest expense to earning assets
1.63%Net operating income to assets
1.63%Return on assets (ROA)
2.64%Pretax return on assets
13.50%Return on equity (ROE)
6.85%Retained earnings to average equity (YTD only)
0.21%Net charge-offs to loans
198.29%Credit loss provision to net charge-offs
16.29%Efficiency ratio
48,997Assets per employee
3.02%Cash dividends to net income (YTD only)
Condition Ratios (%)
49.27%Loss allowance to loans
1.51%Loss allowance to noncurrent loans
201.12%Noncurrent assets plus other real estate owned to assets
0.67%Noncurrent loans to loans
0.75%Net loans and leases to deposits
135.81%Net loans and leases to core deposits
149.11%Equity capital to assets
11.87%Core capital (leverage) ratio
11.84%Tier 1 risk-based capital ratio
14.19%Total risk-based capital ratio
Memoranda
$15Average assets
$63,433Average earning assets
$7,650Average equity
$62,555Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Great Western Thrift and Loan.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: