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
  • 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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