Olympus Bank A Federal Savings Bank in Salt Lake City, Utah (UT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 01, 1995

  • Olympus Bank A Federal Savings Bank in Salt Lake City, Utah (UT)
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Olympus Bank A Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 29806
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Washington Mutual Bank FSB (#33891)
    Federal Reserve ID: 421070
    Date Established: January 01, 1916
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 4116
    FDIC's unique #: 42640
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: Febuary 21, 1938
    Last Structure Change Effective Date: May 01, 1995
    Last Structure Change Process Date: June 30, 1995
    Last Data Update: January 31, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 115 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: 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
  • Merger - Without Assistance
  • Financial Summary
  • Total assets: $389.8 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $146Total assets
  • $392,577Cash and due from depository institutions
  • $7,270Interest-bearing balances
  • $5,737Securities
  • $121,801Federal funds sold & reverse repurchase agreements
  • $1,306Net loans & leases
  • $236,217Loan loss allowance
  • $6,682Trading account assets
  • $0Bank premises and fixed assets
  • $6,927Other real estate owned
  • $0Goodwill and other intangibles
  • $9,708Life insurance assets
  • $9,348All other assets
  • $0Total liabilities and capital
  • $392,577Total liabilities
  • $357,769Total deposits
  • $287,642Interest-bearing deposits
  • $273,940Deposits held in domestic offices
  • 287642.00%% insured (estimated)
  • $88Federal funds purchased & repurchase agreements
  • $20,335Trading liabilities
  • $0Other borrowed funds
  • $46,821Subordinated debt
  • $0All other liabilities
  • $2,971Total equity capital
  • $2,971Total bank equity capital
  • $34,808Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $15,431Undivided profits
  • Memoranda
  • $19,376Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $946Income earned, not collected on loans
  • $1,660Earning assets
  • $365,061Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $397,178Average Assets, quarterly
  • $392,591Volatile liabilities
  • $125,343Insider loans
  • $2,975FHLB advances
  • $46,821Loans and leases held for sale
  • $0Unused loan commitments
  • $42,383Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $38,144Total risk weighted assets
  • $232,065Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $27,711Total interest expense
  • $13,783Net interest income
  • $13,928Provision for loan and lease losses
  • $1,049Total noninterest income
  • $3,212Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $3,212Total noninterest expense
  • $11,587Salaries and employee benefits
  • $5,657Premises and equipment expense
  • $2,204Additional noninterest expense
  • $3,726Pre-tax net operating income
  • $4,504Securities gains (losses)
  • $287Applicable income taxes
  • $13Income before extraordinary items
  • $4,778Extraordinary gains - net
  • $0Net income attributable to bank
  • $4,778Net charge-offs
  • -$19Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $143Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.43%Cost of funding earning assets
  • 3.70%Net interest margin
  • 3.74%Noninterest income to earning assets
  • 0.86%Noninterest expense to earning assets
  • 3.11%Net operating income to assets
  • 1.13%Return on assets (ROA)
  • 1.20%Pretax return on assets
  • 1.21%Return on equity (ROE)
  • 14.25%Retained earnings to average equity (YTD only)
  • 14.25%Net charge-offs to loans
  • -0.01%Credit loss provision to net charge-offs
  • -5521.05%Efficiency ratio
  • 67,602Assets per employee
  • 2.69%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.75%Loss allowance to noncurrent loans
  • 706.34%Noncurrent assets plus other real estate owned to assets
  • 0.24%Noncurrent loans to loans
  • 0.39%Net loans and leases to deposits
  • 82.12%Net loans and leases to core deposits
  • 102.95%Equity capital to assets
  • 8.87%Core capital (leverage) ratio
  • 9.64%Tier 1 risk-based capital ratio
  • 16.44%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $397,178Average earning assets
  • $33,527Average equity
  • $372,904Average loans

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