HealthBenefit Bank d/b/a Blue Healthcare Bank - Overview
General
FDIC Certificate #: 58551 Status: Inactive Federal Reserve ID: 3587258 Date Established: March 12, 2007 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 18038 FDIC's unique #: 456151 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: March 12, 2007 Last Structure Change Effective Date: Febuary 26, 2010 Last Structure Change Process Date: March 03, 2010 Last Data Update: March 03, 2010 Data Source Date: April 05, 2012
Location
Address: 200 W. Civic Center Drive, Suite 202, Sandy, UT 84070 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
Other Liquidations and Closings
Change in Insurance Status
Financial Summary
Total assets: $14.4 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2009)
Dollar figures in thousands
14Total employees (full-time equivalent)
$14,363Total assets
$1,466Cash and due from depository institutions
$1,308Interest-bearing balances
$12,864Securities
$0Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$0Loan loss allowance
$0Trading account assets
$0Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$33All other assets
$14,363Total liabilities and capital
$5,464Total liabilities
$89Total deposits
$89Interest-bearing deposits
$89Deposits held in domestic offices
100.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$5,375All other liabilities
$8,899Total equity capital
$8,899Total bank equity capital
$8,899Perpetual preferred stock
$0Common stock
$0Surplus
$70,700Undivided profits
Memoranda
$-61,801Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$33Average Assets, year-to-date
$14,172Average Assets, quarterly
$0Volatile liabilities
$44,001Insider loans
$29,958FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$1,022Total interest income
$119Total interest expense
$903Net interest income
$61Provision for loan and lease losses
$252Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$252Additional noninterest income
$18,866Total noninterest expense
$7,420Salaries and employee benefits
$1,203Premises and equipment expense
$10,243Additional noninterest expense
-$17,772Pre-tax net operating income
$86Securities gains (losses)
$20Applicable income taxes
-$17,706Income before extraordinary items
-$3,062Extraordinary gains - net
-$20,768Net income attributable to bank
$0Net charge-offs
-$20,768Cash dividends
$60Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
2.66%Yield on earning assets
0.31%Cost of funding earning assets
2.35%Net interest margin
0.66%Noninterest income to earning assets
49.12%Noninterest expense to earning assets
-40.44%Net operating income to assets
-47.20%Return on assets (ROA)
-47.15%Pretax return on assets
-98.70%Return on equity (ROE)
-98.70%Retained earnings to average equity (YTD only)
27.57%Net charge-offs to loans
101.67%Credit loss provision to net charge-offs
-295.18%Efficiency ratio
1,184,848Assets per employee
1.03%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.00%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
0.00%Net loans and leases to core deposits
0.00%Equity capital to assets
61.96%Core capital (leverage) ratio
61.96%Tier 1 risk-based capital ratio
337.08%Total risk-based capital ratio
Memoranda
$337Average assets
$44,001Average earning assets
$21,042Average equity
$38,409Average loans
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