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

  • Liberty Bank, Inc. in Salt Lake City, Utah (UT)
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Liberty Bank, Inc. - Overview

  • General
  • FDIC Certificate #: 26816
    Status: Active
    Federal Reserve ID: 593771
    Date Established: November 05, 1956
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 10020
    FDIC's unique #: 35996
    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: All Other Specialization < 1 Billion
    Date of Deposit Insurance: October 20, 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: 326 South 500 East, Salt Lake City, UT 84102
    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: $12.3 mil
    Equity capital: $1.6 mil
    Deposits held in domestic offices: $10.7 mil
    Return on assets (ROA): -7.40% (-$0.9 mil)
    Quarterly return on assets: -10.75% (-$1.3 mil)
    Return on Equity (ROE): -89.70% (-$1.8 mil)
    Quarterly return on equity: -103.96% (-$2.1 mil)
    Net income: -$0.9 mil
    Quarterly Net income: -$0.3 mil
    Pretax return on assets: -6.33% (-$779.6 mil)
    Quarterly Pretax return on assets: -6.32% (-$778.4 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
  • 6Total employees (full-time equivalent)
  • $12,316Total assets
  • $3,528Cash and due from depository institutions
  • $3,521Interest-bearing balances
  • $0Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $7,314Net loans & leases
  • $429Loan loss allowance
  • $0Trading account assets
  • $1,041Bank premises and fixed assets
  • $191Other real estate owned
  • $0Goodwill and other intangibles
  • $12,316Life insurance assets
  • $242All other assets
  • $10,746Total liabilities and capital
  • $10,700Total liabilities
  • $10,386Total deposits
  • $10,700Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $46Subordinated debt
  • $1,570All other liabilities
  • $1,570Total equity capital
  • $1,570Total bank equity capital
  • $0Perpetual preferred stock
  • $454Common stock
  • $2,092Surplus
  • $-976Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $753Income earned, not collected on loans
  • $89Earning assets
  • $31Long-term assets (5+ years)
  • $10,835Average Assets, year-to-date
  • $566Average Assets, quarterly
  • $12,144Volatile liabilities
  • $11,718Insider loans
  • $9,458FHLB advances
  • $12,369Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $1,570Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $273Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $566Total interest income
  • $130Total interest expense
  • $436Net interest income
  • $429Provision for loan and lease losses
  • $6Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $6Additional noninterest income
  • $782Total noninterest expense
  • $394Salaries and employee benefits
  • $98Premises and equipment expense
  • $290Additional noninterest expense
  • -$769Pre-tax net operating income
  • $0Securities gains (losses)
  • $130Applicable income taxes
  • -$899Income before extraordinary items
  • $0Extraordinary gains - net
  • -$899Net income attributable to bank
  • $0Net charge-offs
  • -$899Cash dividends
  • $316Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.21%Yield on earning assets
  • 1.20%Cost of funding earning assets
  • 4.02%Net interest margin
  • 0.06%Noninterest income to earning assets
  • 7.20%Noninterest expense to earning assets
  • -7.40%Net operating income to assets
  • -7.40%Return on assets (ROA)
  • -6.33%Pretax return on assets
  • -89.70%Return on equity (ROE)
  • -89.70%Retained earnings to average equity (YTD only)
  • 3.84%Net charge-offs to loans
  • 135.76%Credit loss provision to net charge-offs
  • -1.08%Efficiency ratio
  • 176,923Assets per employee
  • 2.05%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 5.54%Loss allowance to noncurrent loans
  • 56.97%Noncurrent assets plus other real estate owned to assets
  • 7.66%Noncurrent loans to loans
  • 9.72%Net loans and leases to deposits
  • 68.36%Net loans and leases to core deposits
  • 71.79%Equity capital to assets
  • 12.75%Core capital (leverage) ratio
  • 12.69%Tier 1 risk-based capital ratio
  • 16.60%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $12,144Average earning assets
  • $1,002Average equity
  • $10,857Average loans

List of branches

  • 1 Utah Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    035996Liberty Bank, Inc.326 South 500 East, Salt Lake City, UT 84102November 05, 1956Full Service Brick and Mortar

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