Home Savings Bank in Salt Lake City, Utah (UT)
| Home Savings Bank | |
|---|---|
| General | FDIC Certificate #: 26798 Status: Active Federal Reserve ID: 460770 Bank Holding Company (Regulatory Top Holder): Home Credit Corporation (RSSDID: 1480560, Location: Salt Lake City, UT) Date Established: January 01, 1979 WWW: http://www.home-savings-bank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Domestic: 3, Interstate: No) OTS Docket #: 9457 FDIC's unique #: 35954 Numeric code: 21 Regulator: FDIC 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 03, 1986 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: 1455 East 2100 South Street, Salt Lake City, UT 84105 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 | Change in Location Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $109.6 mil Equity capital: $13.8 mil Deposits held in domestic offices: $95.4 mil Return on assets (ROA): 0.21% ($0.2 mil) Quarterly return on assets: 0.67% ($0.7 mil) Return on Equity (ROE): 1.76% ($0.2 mil) Quarterly return on equity: 5.53% ($0.8 mil) Net income: $0.2 mil Quarterly Net income: $0.2 mil Pretax return on assets: 0.33% ($361.6 mil) Quarterly Pretax return on assets: 1.08% ($1,183.4 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 18 |
| Total assets | $109,570 |
| Cash and due from depository institutions | $7,522 |
| Interest-bearing balances | $7,372 |
| Securities | $0 |
| Federal funds sold & reverse repurchase agreements | $2,919 |
| Net loans & leases | $84,948 |
| Loan loss allowance | $1,294 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $5,612 |
| Other real estate owned | $6,226 |
| Goodwill and other intangibles | $0 |
| All other assets | $2,343 |
| Life insurance assets | $109,570 |
| Total liabilities and capital | $95,724 |
| Total liabilities | $95,377 |
| Total deposits | $93,601 |
| Interest-bearing deposits | $95,377 |
| Deposits held in domestic offices | $95 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $347 |
| All other liabilities | $13,846 |
| Total equity capital | $13,846 |
| Total bank equity capital | $13,846 |
| Perpetual preferred stock | $0 |
| Common stock | $500 |
| Surplus | $2,742 |
| Undivided profits | $10,604 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $1,716 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $674 |
| Average Assets, year-to-date | $95,239 |
| Average Assets, quarterly | $0 |
| Volatile liabilities | $116,740 |
| Insider loans | $112,711 |
| FHLB advances | $84,031 |
| Loans and leases held for sale | $111,269 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $13,846 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $249 |
| Derivatives | $2,798 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $6,517 |
| Total interest expense | $1,776 |
| Net interest income | $4,741 |
| Provision for loan and lease losses | $164 |
| Total noninterest income | -$1,353 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $0 |
| Trading account gains & fees | $0 |
| Additional noninterest income | -$1,353 |
| Total noninterest expense | $2,841 |
| Salaries and employee benefits | $1,460 |
| Premises and equipment expense | $328 |
| Additional noninterest expense | $1,053 |
| Pre-tax net operating income | $383 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $143 |
| Income before extraordinary items | $240 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $240 |
| Net charge-offs | $0 |
| Cash dividends | $240 |
| Sale, conversion, retirement of capital stock, net | $394 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 6.48% |
| Cost of funding earning assets | 1.77% |
| Net interest margin | 4.72% |
| Noninterest income to earning assets | -1.35% |
| Noninterest expense to earning assets | 2.83% |
| Net operating income to assets | 0.21% |
| Return on assets (ROA) | 0.21% |
| Pretax return on assets | 0.33% |
| Return on equity (ROE) | 1.76% |
| Retained earnings to average equity (YTD only) | 1.76% |
| Net charge-offs to loans | 0.44% |
| Credit loss provision to net charge-offs | 41.62% |
| Efficiency ratio | 1.39% |
| Assets per employee | $83,855 |
| Cash dividends to net income (YTD only) | 6.09% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 1.50% |
| Noncurrent assets plus other real estate owned to assets | 75.41% |
| Noncurrent loans to loans | 7.25% |
| Net loans and leases to deposits | 1.99% |
| Net loans and leases to core deposits | 89.07% |
| Equity capital to assets | 98.51% |
| Core capital (leverage) ratio | 12.64% |
| Tier 1 risk-based capital ratio | 12.44% |
| Total risk-based capital ratio | 16.48% |
| Memoranda | |
| Average assets | $18 |
| Average earning assets | $116,740 |
| Average equity | $13,609 |
| Average loans | $100,511 |
| 3 Utah Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 35954 | Home Savings Bank | 1455 East 2100 South Street, Salt Lake City, UT 84105 | January 01, 1979 | Full Service Brick and Mortar |  |
| 2 | 451200 | Draper Branch | 911 East Pioneer Road, Draper, UT 84020 | May 11, 2006 | Full Service Brick and Mortar |  |
| 3 | 454324 | Home Savings Bank Branch | 4580 North Silver Springs Drive, Park City, UT 84098 | January 03, 2003 | Full Service Cyber | |
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