FDIC Certificate #: 58522 Status: Active Federal Reserve ID: 3701054 Date Established: Febuary 19, 2008 WWW:http://www.tcbankutah.com 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 #: 455263 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: Febuary 19, 2008 Last Structure Change Effective Date: December 31, 2010 Last Structure Change Process Date: January 05, 2011 Last Data Update: January 05, 2011 Data Source Date: April 05, 2012
Location
Address: 405 East St. George Boulevard, Saint George, UT 84770 County: Washington 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 Core Based Statistical Area (CBSA): St. George, UT (#41100) CBSA Metro Statistical Area: St. George, UT (#41100)
History of Changes
Office Purchased
Financial Summary
Total assets: $68.9 mil Equity capital: $8.3 mil Deposits held in domestic offices: $60.4 mil Return on assets (ROA): 0.45% ($0.3 mil) Quarterly return on assets: 0.62% ($0.4 mil) Return on Equity (ROE): 3.79% ($0.3 mil) Quarterly return on equity: 5.04% ($0.4 mil) Net income: $0.3 mil Quarterly Net income: $0.1 mil Pretax return on assets: 0.45% ($309.8 mil) Quarterly Pretax return on assets: 0.62% ($426.9 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
18Total employees (full-time equivalent)
$68,852Total assets
$7,942Cash and due from depository institutions
$7,172Interest-bearing balances
$3,175Securities
$4,138Federal funds sold & reverse repurchase agreements
$51,846Net loans & leases
$861Loan loss allowance
$0Trading account assets
$426Bank premises and fixed assets
$510Other real estate owned
$0Goodwill and other intangibles
$68,852Life insurance assets
$815All other assets
$60,541Total liabilities and capital
$60,442Total liabilities
$50,974Total deposits
$60,442Interest-bearing deposits
$92Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$99Subordinated debt
$8,311All other liabilities
$8,311Total equity capital
$8,311Total bank equity capital
$0Perpetual preferred stock
$12,565Common stock
$0Surplus
$-4,254Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,464Income earned, not collected on loans
$0Earning assets
$214Long-term assets (5+ years)
$66,331Average Assets, year-to-date
$14,712Average Assets, quarterly
$67,067Volatile liabilities
$66,834Insider loans
$56,604FHLB advances
$66,297Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$8,311Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$11,902Restructured Loans and leases
$1,674Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$3,411Total interest income
$443Total interest expense
$2,968Net interest income
$0Provision for loan and lease losses
$262Total noninterest income
$0Fiduciary activities
$77Service charges on deposit accounts
$0Trading account gains & fees
$185Additional noninterest income
$2,926Total noninterest expense
$1,402Salaries and employee benefits
$346Premises and equipment expense
$1,178Additional noninterest expense
$304Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$304Income before extraordinary items
$0Extraordinary gains - net
$304Net income attributable to bank
$0Net charge-offs
$304Cash dividends
$190Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.35%Yield on earning assets
0.69%Cost of funding earning assets
4.65%Net interest margin
0.41%Noninterest income to earning assets
4.59%Noninterest expense to earning assets
0.45%Net operating income to assets
0.45%Return on assets (ROA)
0.45%Pretax return on assets
3.79%Return on equity (ROE)
3.79%Retained earnings to average equity (YTD only)
0.38%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
1.60%Efficiency ratio
90,588Assets per employee
3.83%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.63%Loss allowance to noncurrent loans
58.81%Noncurrent assets plus other real estate owned to assets
2.87%Noncurrent loans to loans
2.78%Net loans and leases to deposits
85.78%Net loans and leases to core deposits
92.44%Equity capital to assets
12.07%Core capital (leverage) ratio
12.54%Tier 1 risk-based capital ratio
14.68%Total risk-based capital ratio
Memoranda
$16Average assets
$67,067Average earning assets
$8,021Average equity
$63,798Average loans
List of branches
1 Utah Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
455263
Town & Country Bank
405 East St. George Boulevard, Saint George, UT 84770
Febuary 19, 2008
Full Service Brick and Mortar
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