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

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Liberty Bank, Inc. routing number info

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Liberty Bank, Inc.
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)6
Total assets$12,316
Cash and due from depository institutions$3,528
Interest-bearing balances$3,521
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$7,314
Loan loss allowance $429
Trading account assets$0
Bank premises and fixed assets$1,041
Other real estate owned$191
Goodwill and other intangibles$0
All other assets$242
Life insurance assets$12,316
Total liabilities and capital$10,746
Total liabilities$10,700
Total deposits$10,386
Interest-bearing deposits$10,700
Deposits held in domestic offices$99
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $46
All other liabilities $1,570
Total equity capital$1,570
Total bank equity capital$1,570
Perpetual preferred stock$0
Common stock$454
Undivided profits $-976
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 $753
Earning assets $89
Long-term assets (5+ years) $31
Average Assets, year-to-date $10,835
Average Assets, quarterly $566
Volatile liabilities $12,144
Insider loans $11,718
FHLB advances $9,458
Loans and leases held for sale $12,369
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $1,570
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $273
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $566
Total interest expense $130
Net interest income $436
Provision for loan and lease losses $429
Total noninterest income $6
Fiduciary activities $0
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $6
Total noninterest expense $782
Salaries and employee benefits $394
Premises and equipment expense $98
Additional noninterest expense $290
Pre-tax net operating income -$769
Securities gains (losses) $0
Applicable income taxes $130
Income before extraordinary items -$899
Extraordinary gains - net $0
Net income attributable to bank -$899
Net charge-offs $0
Cash dividends -$899
Sale, conversion, retirement of capital stock, net $316
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.21%
Cost of funding earning assets 1.20%
Net interest margin 4.02%
Noninterest income to earning assets 0.06%
Noninterest expense to earning assets 7.20%
Net operating income to assets -7.40%
Return on assets (ROA) -7.40%
Pretax return on assets -6.33%
Return on equity (ROE) -89.70%
Retained earnings to average equity (YTD only) -89.70%
Net charge-offs to loans 3.84%
Credit loss provision to net charge-offs 135.76%
Efficiency ratio-1.08%
Assets per employee$176,923
Cash dividends to net income (YTD only)2.05%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 5.54%
Noncurrent assets plus other real estate owned to assets 56.97%
Noncurrent loans to loans 7.66%
Net loans and leases to deposits9.72%
Net loans and leases to core deposits 68.36%
Equity capital to assets 71.79%
Core capital (leverage) ratio 12.75%
Tier 1 risk-based capital ratio 12.69%
Total risk-based capital ratio 16.60%
Average assets$18
Average earning assets$12,144
Average equity $1,002
Average loans $10,857
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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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