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- Banks in Utah (UT)
- USAA Financial Services Association
USAA Financial Services Association in Salt Lake City, Utah (UT)
Overview, Financial Summary, Detailed Financial Reports, Branches
This bank is inactive as of April 01, 1993
- USAA Financial Services Association in Salt Lake City, Utah (UT)
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USAA Financial Services Association - Overview
- General
- FDIC Certificate #: 27255
Status: Inactive
Closing history: Corrections
Acquiring institution: USAA Federal Savings Bank (#32188)
Federal Reserve ID: 1191455
Date Established: May 16, 1988
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 39343
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: May 16, 1988
Last Structure Change Effective Date: April 01, 1993
Last Structure Change Process Date: May 12, 1993
Last Data Update: May 19, 1993
Data Source Date: April 05, 2012 - Location
- Address: 2060 East 2100 South, Salt Lake City, UT 84109
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) - History of Changes
- Merger - Without Assistance
Corrections - Financial Summary
- Total assets: $85.3 mil
Assets and Liabilities (December 31, 1992)
- Dollar figures in thousands
- 0Total employees (full-time equivalent)
- $14Total assets
- $95,245Cash and due from depository institutions
- $797Interest-bearing balances
- $0Securities
- $4,701Federal funds sold & reverse repurchase agreements
- $0Net loans & leases
- $49,247Loan loss allowance
- $612Trading account assets
- $0Bank premises and fixed assets
- $32Other real estate owned
- $0Goodwill and other intangibles
- $40,464Life insurance assets
- $4All other assets
- $0Total liabilities and capital
- $95,245Total liabilities
- $58,626Total deposits
- $53,752Interest-bearing deposits
- $53,571Deposits held in domestic offices
- 53752.00%% insured (estimated)
- $97Federal funds purchased & repurchase agreements
- $0Trading liabilities
- $0Other borrowed funds
- $3,190Subordinated debt
- $0All other liabilities
- $1,684Total equity capital
- $1,684Total bank equity capital
- $36,619Perpetual preferred stock
- $0Common stock
- $0Surplus
- $32,142Undivided profits
- Memoranda
- $4,477Noncurrent loans and leases
- $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
- $119Income earned, not collected on loans
- $193Earning assets
- $53,948Long-term assets (5+ years)
- $1,273Average Assets, year-to-date
- $99,617Average Assets, quarterly
- $102,039Volatile liabilities
- $17,913Insider loans
- $52FHLB advances
- $0Loans and leases held for sale
- $0Unused loan commitments
- $96,393Tier 1 (core) risk-based capital
- $0Tier 2 risk-based capital
- $36,615Total risk weighted assets
- $92,731Total unused commitments
- $0Restructured Loans and leases
- $0Derivatives
Income and Expense (December 31, 1992)
- Dollar figures in thousands
- $0Total interest income
- $5,992Total interest expense
- $2,589Net interest income
- $3,403Provision for loan and lease losses
- $644Total noninterest income
- $16,806Fiduciary activities
- $0Service charges on deposit accounts
- $8Trading account gains & fees
- $0Additional noninterest income
- $16,798Total noninterest expense
- $6,511Salaries and employee benefits
- $783Premises and equipment expense
- $374Additional noninterest expense
- $5,354Pre-tax net operating income
- $13,054Securities gains (losses)
- $0Applicable income taxes
- $367Income before extraordinary items
- $12,687Extraordinary gains - net
- $0Net income attributable to bank
- $12,687Net charge-offs
- $620Cash dividends
- $21,250Sale, conversion, retirement of capital stock, net
- $0Net operating income
Performance and Condition Ratios (December 31, 1992)
- Dollar figures in thousands
- Performance Ratios (%, annualized)
- 0.00%Yield on earning assets
- 11.19%Cost of funding earning assets
- 4.83%Net interest margin
- 6.35%Noninterest income to earning assets
- 31.37%Noninterest expense to earning assets
- 12.15%Net operating income to assets
- 12.74%Return on assets (ROA)
- 12.74%Pretax return on assets
- 13.10%Return on equity (ROE)
- 27.28%Retained earnings to average equity (YTD only)
- -18.42%Net charge-offs to loans
- 1.28%Credit loss provision to net charge-offs
- 103.87%Efficiency ratio
- 32,179Assets per employee
- 6.80%Cash dividends to net income (YTD only)
- Condition Ratios (%)
- 167.49%Loss allowance to loans
- 1.23%Loss allowance to noncurrent loans
- 514.29%Noncurrent assets plus other real estate owned to assets
- 0.12%Noncurrent loans to loans
- 0.24%Net loans and leases to deposits
- 91.62%Net loans and leases to core deposits
- 126.18%Equity capital to assets
- 38.45%Core capital (leverage) ratio
- 34.23%Tier 1 risk-based capital ratio
- 39.49%Total risk-based capital ratio
- Memoranda
- $40Average assets
- $99,617Average earning assets
- $46,500Average equity
- $53,568Average loans
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- Banks in Utah (UT)
- USAA Financial Services Association
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