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

  • Proficio Bank in Salt Lake City, Utah (UT)
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Proficio Bank - Overview

  • General
  • FDIC Certificate #: 35495
    Status: Active
    Federal Reserve ID: 2908575
    Bank Holding Company (Regulatory Top Holder): Nhb Holdings, Inc. (RSSDID: 3466456, Location: Salt Lake City, UT)
    Date Established: May 01, 2000
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 80579
    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: Commercial Lending Specialization
    Date of Deposit Insurance: May 01, 2000
    Last Structure Change Effective Date: August 07, 2008
    Last Structure Change Process Date: August 07, 2008
    Last Data Update: August 07, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 420 East South Temple, 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)
  • Financial Summary
  • Total assets: $142.9 mil
    Equity capital: $12.0 mil
    Deposits held in domestic offices: $128.4 mil
    Return on assets (ROA): -4.66% (-$6.7 mil)
    Quarterly return on assets: -4.66% (-$6.7 mil)
    Return on Equity (ROE): -41.17% (-$4.9 mil)
    Quarterly return on equity: -49.93% (-$6.0 mil)
    Net income: -$6.6 mil
    Quarterly Net income: -$1.6 mil
    Pretax return on assets: -4.66% (-$6,661.3 mil)
    Quarterly Pretax return on assets: -4.66% (-$6,661.3 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
  • 344Total employees (full-time equivalent)
  • $142,947Total assets
  • $13,260Cash and due from depository institutions
  • $12,007Interest-bearing balances
  • $16,495Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $98,226Net loans & leases
  • $2,418Loan loss allowance
  • $0Trading account assets
  • $201Bank premises and fixed assets
  • $11,162Other real estate owned
  • $0Goodwill and other intangibles
  • $142,947Life insurance assets
  • $3,603All other assets
  • $130,949Total liabilities and capital
  • $128,383Total liabilities
  • $125,743Total deposits
  • $128,383Interest-bearing deposits
  • $100Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,566Subordinated debt
  • $11,998All other liabilities
  • $11,998Total equity capital
  • $11,998Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $40,101Surplus
  • $-28,104Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $30,117Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $9,938Income earned, not collected on loans
  • $1,055Earning assets
  • $334Long-term assets (5+ years)
  • $126,728Average Assets, year-to-date
  • $18,161Average Assets, quarterly
  • $141,883Volatile liabilities
  • $137,580Insider loans
  • $108,685FHLB advances
  • $140,049Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $11,741Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $32,882Restructured Loans and leases
  • $125Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,485Total interest income
  • $1,035Total interest expense
  • $4,450Net interest income
  • $3,033Provision for loan and lease losses
  • $9,752Total noninterest income
  • $0Fiduciary activities
  • $4Service charges on deposit accounts
  • $0Trading account gains & fees
  • $9,748Additional noninterest income
  • $17,860Total noninterest expense
  • $9,550Salaries and employee benefits
  • $1,039Premises and equipment expense
  • $7,271Additional noninterest expense
  • -$6,691Pre-tax net operating income
  • $77Securities gains (losses)
  • $0Applicable income taxes
  • -$6,614Income before extraordinary items
  • $0Extraordinary gains - net
  • -$6,614Net income attributable to bank
  • $0Net charge-offs
  • -$6,614Cash dividends
  • $3,211Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.29%Yield on earning assets
  • 0.81%Cost of funding earning assets
  • 3.48%Net interest margin
  • 7.62%Noninterest income to earning assets
  • 13.96%Noninterest expense to earning assets
  • -4.72%Net operating income to assets
  • -4.66%Return on assets (ROA)
  • -4.66%Pretax return on assets
  • -41.17%Return on equity (ROE)
  • -41.17%Retained earnings to average equity (YTD only)
  • 3.02%Net charge-offs to loans
  • 94.46%Credit loss provision to net charge-offs
  • -1.14%Efficiency ratio
  • 125,757Assets per employee
  • 0.42%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.40%Loss allowance to noncurrent loans
  • 24.33%Noncurrent assets plus other real estate owned to assets
  • 14.76%Noncurrent loans to loans
  • 9.87%Net loans and leases to deposits
  • 76.51%Net loans and leases to core deposits
  • 103.59%Equity capital to assets
  • 8.39%Core capital (leverage) ratio
  • 8.38%Tier 1 risk-based capital ratio
  • 10.80%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $141,883Average earning assets
  • $16,067Average equity
  • $127,937Average loans

Bank Assets Sold and Securitized (December 31, 2003)

  • Dollar figures in thousands
  • Principal balance with servicing or other recourse retained
  • $01-4 family residential loans
  • $0Home equity lines
  • $0Credit cards receivables
  • $0Auto loans
  • $0Other consumer loans
  • $520Commercial and industrial loans

List of branches

  • 1 Utah Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    080579Proficio Bank420 East South Temple, Salt Lake City, UT 84111May 01, 2000Full Service Brick and Mortar

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