FDIC Certificate #: 34166 Status: Inactive Closing history: Absorption - Without Assistance Acquiring institution:Providian National Bank (#6252) Federal Reserve ID: 2454027 Date Established: April 30, 1996 WWW:http://www.providian.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 56823 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: April 30, 1996 Last Structure Change Effective Date: December 31, 2003 Last Structure Change Process Date: January 06, 2004 Last Data Update: January 06, 2004 Data Source Date: April 05, 2012
Location
Address: 5215 Wiley Post Way, Salt Lake City, UT 84116 County: Salt Lake Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: New York 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: $1,376.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)
Dollar figures in thousands
5Total employees (full-time equivalent)
$1,748,383Total assets
$10,141Cash and due from depository institutions
$45Interest-bearing balances
$789,942Securities
$61,000Federal funds sold & reverse repurchase agreements
$807,873Net loans & leases
$188,112Loan loss allowance
$0Trading account assets
$0Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$79,427All other assets
$1,748,383Total liabilities and capital
$1,578,740Total liabilities
$1,552,058Total deposits
$1,538,389Interest-bearing deposits
$1,552,058Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$26,682All other liabilities
$169,643Total equity capital
$169,643Total bank equity capital
$169,643Perpetual preferred stock
$0Common stock
$2Surplus
$165,765Undivided profits
Memoranda
$3,876Noncurrent loans and leases
$383,170Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$58,243Earning assets
$0Long-term assets (5+ years)
$10,643Average Assets, year-to-date
$1,658,860Average Assets, quarterly
$211,302Volatile liabilities
$1,920,892Insider loans
$1,798,226FHLB advances
$721,325Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$383,170Total unused commitments
$0Restructured Loans and leases
$13,400Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$303,064Total interest income
$92,231Total interest expense
$210,833Net interest income
$158,344Provision for loan and lease losses
$49,547Total noninterest income
$0Fiduciary activities
$207Service charges on deposit accounts
$0Trading account gains & fees
$49,340Additional noninterest income
$72,143Total noninterest expense
$834Salaries and employee benefits
$5Premises and equipment expense
$71,304Additional noninterest expense
$29,893Pre-tax net operating income
$9,599Securities gains (losses)
$15,599Applicable income taxes
$23,893Income before extraordinary items
$0Extraordinary gains - net
$23,893Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$166,476Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
16.68%Yield on earning assets
5.08%Cost of funding earning assets
11.61%Net interest margin
2.73%Noninterest income to earning assets
3.97%Noninterest expense to earning assets
0.92%Net operating income to assets
1.24%Return on assets (ROA)
2.06%Pretax return on assets
16.93%Return on equity (ROE)
16.93%Retained earnings to average equity (YTD only)
15.65%Net charge-offs to loans
95.12%Credit loss provision to net charge-offs
1.13%Efficiency ratio
27,707Assets per employee
349.68%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
18.89%Loss allowance to noncurrent loans
322.98%Noncurrent assets plus other real estate owned to assets
3.33%Noncurrent loans to loans
5.85%Net loans and leases to deposits
52.05%Net loans and leases to core deposits
97.25%Equity capital to assets
9.70%Core capital (leverage) ratio
9.12%Tier 1 risk-based capital ratio
18.25%Total risk-based capital ratio
Memoranda
$20Average assets
$1,920,892Average earning assets
$141,096Average equity
$1,816,620Average loans
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