FDIC Certificate #: 34536 Status: Inactive Federal Reserve ID: 2636458 Date Established: November 17, 1997 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 59043 Numeric code: 23 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: November 17, 1997 Last Structure Change Effective Date: June 26, 2003 Last Structure Change Process Date: July 17, 2003 Last Data Update: July 17, 2003 Data Source Date: April 05, 2012
Location
Address: 2825 East Cottonwood Parkway, Suite 230, Salt Lake City, UT 84121 County: Salt Lake Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: Kansas City 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: $2,665.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)
Dollar figures in thousands
733Total employees (full-time equivalent)
$3,042,016Total assets
$95,122Cash and due from depository institutions
$3,883Interest-bearing balances
$284,080Securities
$0Federal funds sold & reverse repurchase agreements
$2,137,940Net loans & leases
$100,453Loan loss allowance
$0Trading account assets
$661Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$524,213All other assets
$3,042,016Total liabilities and capital
$2,718,652Total liabilities
$2,355,747Total deposits
$2,328,847Interest-bearing deposits
$2,355,747Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$336,443Other borrowed funds
$0Subordinated debt
$26,462All other liabilities
$323,364Total equity capital
$323,364Total bank equity capital
$323,364Perpetual preferred stock
$0Common stock
$1Surplus
$169,027Undivided profits
Memoranda
$154,336Noncurrent loans and leases
$4,759,059Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$64,643Earning assets
$0Long-term assets (5+ years)
$21,917Average Assets, year-to-date
$2,425,903Average Assets, quarterly
$119,411Volatile liabilities
$2,836,134Insider loans
$2,988,822FHLB advances
$2,195,364Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,759,059Total unused commitments
$0Restructured Loans and leases
$31,280Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$378,992Total interest income
$91,233Total interest expense
$287,759Net interest income
$143,938Provision for loan and lease losses
$139,565Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$139,565Additional noninterest income
$114,069Total noninterest expense
$9,021Salaries and employee benefits
$2,911Premises and equipment expense
$102,137Additional noninterest expense
$169,317Pre-tax net operating income
$0Securities gains (losses)
$65,128Applicable income taxes
$104,189Income before extraordinary items
$0Extraordinary gains - net
$104,189Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$109,908Sale, conversion, retirement of capital stock, net
$77,000Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
14.79%Yield on earning assets
3.56%Cost of funding earning assets
11.23%Net interest margin
5.45%Noninterest income to earning assets
4.45%Noninterest expense to earning assets
3.67%Net operating income to assets
3.67%Return on assets (ROA)
5.97%Pretax return on assets
34.58%Return on equity (ROE)
9.02%Retained earnings to average equity (YTD only)
4.42%Net charge-offs to loans
130.96%Credit loss provision to net charge-offs
2.85%Efficiency ratio
26,694Assets per employee
4.15%Cash dividends to net income (YTD only)
Condition Ratios (%)
73.90%Loss allowance to loans
4.49%Loss allowance to noncurrent loans
155.40%Noncurrent assets plus other real estate owned to assets
2.13%Noncurrent loans to loans
2.89%Net loans and leases to deposits
90.75%Net loans and leases to core deposits
1254.68%Equity capital to assets
10.63%Core capital (leverage) ratio
10.23%Tier 1 risk-based capital ratio
13.04%Total risk-based capital ratio
Memoranda
$14Average assets
$2,836,134Average earning assets
$301,273Average equity
$2,562,831Average loans
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