The First National Bank of Morgan in Morgan, Utah (UT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 01, 2009

  • The First National Bank of Morgan in Morgan, Utah (UT)
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The First National Bank of Morgan - Overview

  • General
  • FDIC Certificate #: 2263
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: 1ST BANK (#16522)
    Federal Reserve ID: 673178
    Date Established: January 01, 1903
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Interstate: No)
    FDIC's unique #: 1504
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: Febuary 01, 2009
    Last Structure Change Process Date: Febuary 27, 2009
    Last Data Update: Febuary 27, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 120 North State Street, Morgan, UT 84050
    County: Morgan
    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
    Combined Statistical Area (CSA): Salt Lake City-Ogden-Clearfield, UT (#482)
    Core Based Statistical Area (CBSA): Ogden-Clearfield, UT (#36260)
    CBSA Metro Statistical Area: Ogden-Clearfield, UT (#36260)
  • Financial Summary
  • Total assets: $100.3 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, 2008)

  • Dollar figures in thousands
  • 25Total employees (full-time equivalent)
  • $100,285Total assets
  • $1,277Cash and due from depository institutions
  • $0Interest-bearing balances
  • $20,424Securities
  • $2,247Federal funds sold & reverse repurchase agreements
  • $60,731Net loans & leases
  • $1,052Loan loss allowance
  • $0Trading account assets
  • $2,255Bank premises and fixed assets
  • $47Other real estate owned
  • $11,519Goodwill and other intangibles
  • $0Life insurance assets
  • $1,785All other assets
  • $100,285Total liabilities and capital
  • $76,643Total liabilities
  • $70,885Total deposits
  • $60,008Interest-bearing deposits
  • $70,885Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $410Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $5,000Other borrowed funds
  • $0Subordinated debt
  • $348All other liabilities
  • $23,642Total equity capital
  • $23,642Total bank equity capital
  • $23,642Perpetual preferred stock
  • $0Common stock
  • $50Surplus
  • $23,134Undivided profits
  • Memoranda
  • $458Noncurrent loans and leases
  • $10,203Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $3,451Earning assets
  • $0Long-term assets (5+ years)
  • $474Average Assets, year-to-date
  • $83,402Average Assets, quarterly
  • $15,972Volatile liabilities
  • $98,246Insider loans
  • $100,840FHLB advances
  • $13,543Loans and leases held for sale
  • $156Unused loan commitments
  • $5,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $10,203Total unused commitments
  • $0Restructured Loans and leases
  • $881Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $5,243Total interest income
  • $1,856Total interest expense
  • $3,387Net interest income
  • $337Provision for loan and lease losses
  • $629Total noninterest income
  • $0Fiduciary activities
  • $387Service charges on deposit accounts
  • $0Trading account gains & fees
  • $242Additional noninterest income
  • $2,775Total noninterest expense
  • $1,215Salaries and employee benefits
  • $330Premises and equipment expense
  • $1,230Additional noninterest expense
  • $904Pre-tax net operating income
  • $0Securities gains (losses)
  • $306Applicable income taxes
  • $598Income before extraordinary items
  • $0Extraordinary gains - net
  • $598Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $73Sale, conversion, retirement of capital stock, net
  • $400Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.47%Yield on earning assets
  • 2.29%Cost of funding earning assets
  • 4.18%Net interest margin
  • 0.78%Noninterest income to earning assets
  • 3.43%Noninterest expense to earning assets
  • 0.61%Net operating income to assets
  • 0.61%Return on assets (ROA)
  • 0.92%Pretax return on assets
  • 2.84%Return on equity (ROE)
  • 0.94%Retained earnings to average equity (YTD only)
  • 0.13%Net charge-offs to loans
  • 461.64%Credit loss provision to net charge-offs
  • 17.00%Efficiency ratio
  • 65,588Assets per employee
  • 4.01%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 66.89%Loss allowance to loans
  • 1.70%Loss allowance to noncurrent loans
  • 30.48%Noncurrent assets plus other real estate owned to assets
  • 3.49%Noncurrent loans to loans
  • 5.59%Net loans and leases to deposits
  • 85.68%Net loans and leases to core deposits
  • 105.16%Equity capital to assets
  • 23.57%Core capital (leverage) ratio
  • 13.23%Tier 1 risk-based capital ratio
  • 17.39%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $98,246Average earning assets
  • $21,063Average equity
  • $80,992Average loans

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