Rock Canyon Bank in Orem, Utah (UT)
Overview, Financial Summary, Detailed Financial Reports, Branches

Rock Canyon Bank - Overview

  • General
  • FDIC Certificate #: 33542
    Status: Active
    Federal Reserve ID: 1914421
    Bank Holding Company (Regulatory Top Holder): Community Bancorporation (RSSDID: 2270825, Location: Pleasant Grove, UT)
    Date Established: December 09, 1991
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 47422
    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: December 09, 1991
    Last Structure Change Effective Date: March 14, 2011
    Last Structure Change Process Date: April 14, 2011
    Last Data Update: April 14, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 1376 North State Street, Orem, UT 84057
    County: Utah
    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): Provo-Orem, UT (#6520)
    Core Based Statistical Area (CBSA): Provo-Orem, UT (#39340)
    CBSA Metro Statistical Area: Provo-Orem, UT (#39340)
  • History of Changes
  • Name Change
  • Financial Summary
  • Total assets: $129.1 mil
    Equity capital: $15.6 mil
    Deposits held in domestic offices: $113.3 mil
    Return on assets (ROA): 0.62% ($0.8 mil)
    Quarterly return on assets: 0.74% ($1.0 mil)
    Return on Equity (ROE): 4.75% ($0.8 mil)
    Quarterly return on equity: 5.85% ($0.9 mil)
    Net income: $0.7 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.61% ($787.4 mil)
    Quarterly Pretax return on assets: 0.74% ($955.2 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, 2011)

  • Dollar figures in thousands
  • 41Total employees (full-time equivalent)
  • $129,086Total assets
  • $15,259Cash and due from depository institutions
  • $9,999Interest-bearing balances
  • $0Securities
  • $304Federal funds sold & reverse repurchase agreements
  • $102,070Net loans & leases
  • $3,777Loan loss allowance
  • $0Trading account assets
  • $254Bank premises and fixed assets
  • $5,417Other real estate owned
  • $0Goodwill and other intangibles
  • $129,086Life insurance assets
  • $5,782All other assets
  • $113,462Total liabilities and capital
  • $113,278Total liabilities
  • $81,748Total deposits
  • $113,278Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $184Subordinated debt
  • $15,624All other liabilities
  • $15,624Total equity capital
  • $15,624Total bank equity capital
  • $0Perpetual preferred stock
  • $600Common stock
  • $17,860Surplus
  • $-2,836Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,115Income earned, not collected on loans
  • $0Earning assets
  • $546Long-term assets (5+ years)
  • $112,373Average Assets, year-to-date
  • $5,660Average Assets, quarterly
  • $115,794Volatile liabilities
  • $122,194Insider loans
  • $108,333FHLB advances
  • $121,179Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $12,598Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $12,739Restructured Loans and leases
  • $38Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,889Total interest income
  • $666Total interest expense
  • $5,223Net interest income
  • -$188Provision for loan and lease losses
  • $789Total noninterest income
  • $0Fiduciary activities
  • $402Service charges on deposit accounts
  • $0Trading account gains & fees
  • $387Additional noninterest income
  • $5,491Total noninterest expense
  • $2,846Salaries and employee benefits
  • $750Premises and equipment expense
  • $1,895Additional noninterest expense
  • $709Pre-tax net operating income
  • $0Securities gains (losses)
  • -$14Applicable income taxes
  • $723Income before extraordinary items
  • $0Extraordinary gains - net
  • $723Net income attributable to bank
  • $0Net charge-offs
  • $723Cash dividends
  • $609Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.95%Yield on earning assets
  • 0.67%Cost of funding earning assets
  • 5.28%Net interest margin
  • 0.80%Noninterest income to earning assets
  • 5.55%Noninterest expense to earning assets
  • 0.62%Net operating income to assets
  • 0.62%Return on assets (ROA)
  • 0.61%Pretax return on assets
  • 4.75%Return on equity (ROE)
  • 4.75%Retained earnings to average equity (YTD only)
  • 0.70%Net charge-offs to loans
  • -30.87%Credit loss provision to net charge-offs
  • 0.86%Efficiency ratio
  • 91,334Assets per employee
  • 3.15%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.57%Loss allowance to noncurrent loans
  • 338.74%Noncurrent assets plus other real estate owned to assets
  • 5.06%Noncurrent loans to loans
  • 1.05%Net loans and leases to deposits
  • 90.11%Net loans and leases to core deposits
  • 96.83%Equity capital to assets
  • 12.10%Core capital (leverage) ratio
  • 10.40%Tier 1 risk-based capital ratio
  • 11.63%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $115,794Average earning assets
  • $15,213Average equity
  • $98,920Average loans

List of branches

  • 2 Utah Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    047422Rock Canyon Bank1376 North State Street, Orem, UT 84057December 09, 1991Full Service Brick and Mortar
    1289741Pleasant Grove Branch475 East State Road, Pleasant Grove, UT 84062June 17, 1996Full Service Brick and Mortar

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