Merrill Lynch Bank USA in Salt Lake City, Utah (UT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 01, 2009

  • Merrill Lynch Bank USA in Salt Lake City, Utah (UT)
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Merrill Lynch Bank USA - Overview

  • General
  • FDIC Certificate #: 27374
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Bank of America, National Association (#3510)
    Federal Reserve ID: 1225800
    Date Established: October 31, 1988
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    OTS Docket #: 15118
    FDIC's unique #: 39694
    Numeric code: 23
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: October 31, 1988
    Last Structure Change Effective Date: July 01, 2009
    Last Structure Change Process Date: September 25, 2009
    Last Data Update: September 25, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 201 South Main Street, Salt Lake City, UT 84111
    County: Salt Lake
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: Atlanta
    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: $67,995.1 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, 2008)

  • Dollar figures in thousands
  • 857Total employees (full-time equivalent)
  • $61,809,503Total assets
  • $22,752,834Cash and due from depository institutions
  • $22,750,877Interest-bearing balances
  • $3,901,141Securities
  • $3,633,000Federal funds sold & reverse repurchase agreements
  • $23,754,568Net loans & leases
  • $840,082Loan loss allowance
  • $228,075Trading account assets
  • $14,348Bank premises and fixed assets
  • $23,630Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $7,501,907All other assets
  • $61,809,503Total liabilities and capital
  • $58,472,861Total liabilities
  • $53,620,324Total deposits
  • $53,597,084Interest-bearing deposits
  • $53,620,324Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,612Trading liabilities
  • $3,816,359Other borrowed funds
  • $0Subordinated debt
  • $1,032,566All other liabilities
  • $3,336,642Total equity capital
  • $3,336,642Total bank equity capital
  • $3,336,642Perpetual preferred stock
  • $1,000,000Common stock
  • $1,000Surplus
  • $6,077,681Undivided profits
  • Memoranda
  • $-3,742,039Noncurrent loans and leases
  • $27,454,094Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $294,389Earning assets
  • $9,868Long-term assets (5+ years)
  • $111,839Average Assets, year-to-date
  • $54,264,512Average Assets, quarterly
  • $3,369,983Volatile liabilities
  • $64,526,291Insider loans
  • $61,726,394FHLB advances
  • $3,947,000Loans and leases held for sale
  • $0Unused loan commitments
  • $3,750,000Tier 1 (core) risk-based capital
  • $88,520,359Tier 2 risk-based capital
  • $1,019,324Total risk weighted assets
  • $27,454,094Total unused commitments
  • $915Restructured Loans and leases
  • $495,203Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $2,665,559Total interest income
  • $931,465Total interest expense
  • $1,734,094Net interest income
  • $863,088Provision for loan and lease losses
  • $1,436,494Total noninterest income
  • $13,811Fiduciary activities
  • $0Service charges on deposit accounts
  • -$217,921Trading account gains & fees
  • $1,640,604Additional noninterest income
  • $880,030Total noninterest expense
  • $137,187Salaries and employee benefits
  • $15,559Premises and equipment expense
  • $727,284Additional noninterest expense
  • $1,427,470Pre-tax net operating income
  • -$7,757,790Securities gains (losses)
  • -$2,501,661Applicable income taxes
  • -$3,828,659Income before extraordinary items
  • -$47,589Extraordinary gains - net
  • -$3,876,248Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $192,740Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.61%Yield on earning assets
  • 1.61%Cost of funding earning assets
  • 3.00%Net interest margin
  • 2.49%Noninterest income to earning assets
  • 1.52%Noninterest expense to earning assets
  • 1.76%Net operating income to assets
  • -6.01%Return on assets (ROA)
  • -9.88%Pretax return on assets
  • -102.98%Return on equity (ROE)
  • -102.98%Retained earnings to average equity (YTD only)
  • 0.72%Net charge-offs to loans
  • 447.80%Credit loss provision to net charge-offs
  • 11.88%Efficiency ratio
  • 27,756Assets per employee
  • 72.12%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.42%Loss allowance to noncurrent loans
  • 285.36%Noncurrent assets plus other real estate owned to assets
  • 0.51%Noncurrent loans to loans
  • 1.20%Net loans and leases to deposits
  • 44.30%Net loans and leases to core deposits
  • 44.46%Equity capital to assets
  • 5.40%Core capital (leverage) ratio
  • 6.98%Tier 1 risk-based capital ratio
  • 11.15%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $64,526,291Average earning assets
  • $3,764,023Average equity
  • $57,777,684Average loans

Total Fiduciary and Related Assets (December 31, 2007)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $15,548,268Managed Assets
  • 1Number of Accounts
  • $15,548,268Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $15,548,268Non-managed Assets
  • 2Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

Bank Assets Sold and Securitized (December 31, 2007)

  • Dollar figures in thousands
  • Principal balance with servicing or other recourse retained
  • $4,1881-4 family residential loans
  • $0Home equity lines
  • $0Credit cards receivables
  • $0Auto loans
  • $0Other consumer loans
  • $0Commercial and industrial loans

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