Utah Community Bank in Sandy, Utah (UT)



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Utah Community Bank routing number info

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Utah Community Bank
GeneralFDIC Certificate #: 35323
Status: Active
Federal Reserve ID: 2880019
Bank Holding Company (Regulatory Top Holder): Utah Community Bancorp (RSSDID: 3157549, Location: Sandy, UT)
Date Established: July 25, 2000
WWW: http://www.utahcommunitybankonline.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 #: 78229
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: July 25, 2000
Last Structure Change Effective Date: Febuary 15, 2011
Last Structure Change Process Date: Febuary 15, 2011
Last Data Update: Febuary 15, 2011
Data Source Date: April 05, 2012
LocationAddress: 820 East 9400 South, Sandy, UT 84094
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)
Financial SummaryTotal assets: $29.1 mil
Equity capital: $4.5 mil
Deposits held in domestic offices: $24.7 mil
Return on assets (ROA): -2.20% (-$0.6 mil)
Quarterly return on assets: -3.26% (-$0.9 mil)
Return on Equity (ROE): -14.05% (-$0.6 mil)
Quarterly return on equity: -20.73% (-$0.8 mil)
Net income: -$0.7 mil
Quarterly Net income: -$0.2 mil
Pretax return on assets: -3.81% (-$1,110.0 mil)
Quarterly Pretax return on assets: -10.07% (-$2,933.8 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)
Total employees (full-time equivalent)8
Total assets$29,134
Cash and due from depository institutions$7,302
Interest-bearing balances$6,831
Securities$1,102
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$17,531
Loan loss allowance $456
Trading account assets$0
Bank premises and fixed assets$109
Other real estate owned$2,084
Goodwill and other intangibles$0
All other assets$1,006
Life insurance assets$29,134
Total liabilities and capital$24,679
Total liabilities$24,661
Total deposits$18,101
Interest-bearing deposits$24,661
Deposits held in domestic offices$99
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $18
All other liabilities $4,455
Total equity capital$4,455
Total bank equity capital$4,455
Perpetual preferred stock$0
Common stock$438
Surplus$4,054
Undivided profits $-37
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $366
Earning assets $0
Long-term assets (5+ years) $83
Average Assets, year-to-date $25,464
Average Assets, quarterly $502
Volatile liabilities $30,713
Insider loans $29,037
FHLB advances $18,096
Loans and leases held for sale $28,447
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $3,705
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $415
Derivatives$3
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $1,246
Total interest expense $227
Net interest income $1,019
Provision for loan and lease losses $248
Total noninterest income -$85
Fiduciary activities $0
Service charges on deposit accounts $142
Trading account gains & fees $0
Additional noninterest income -$227
Total noninterest expense $1,857
Salaries and employee benefits $764
Premises and equipment expense $145
Additional noninterest expense $948
Pre-tax net operating income -$1,171
Securities gains (losses) $0
Applicable income taxes -$494
Income before extraordinary items -$677
Extraordinary gains - net $0
Net income attributable to bank -$677
Net charge-offs $0
Cash dividends -$677
Sale, conversion, retirement of capital stock, net $677
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.55%
Cost of funding earning assets 0.83%
Net interest margin 3.72%
Noninterest income to earning assets -0.31%
Noninterest expense to earning assets 6.79%
Net operating income to assets -2.20%
Return on assets (ROA) -2.20%
Pretax return on assets -3.81%
Return on equity (ROE) -14.05%
Retained earnings to average equity (YTD only) -14.05%
Net charge-offs to loans 3.53%
Credit loss provision to net charge-offs 36.63%
Efficiency ratio-1.36%
Assets per employee$198,822
Cash dividends to net income (YTD only)3.64%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.54%
Noncurrent assets plus other real estate owned to assets 124.59%
Noncurrent loans to loans 8.41%
Net loans and leases to deposits2.03%
Net loans and leases to core deposits 71.09%
Equity capital to assets 73.36%
Core capital (leverage) ratio 15.29%
Tier 1 risk-based capital ratio 13.02%
Total risk-based capital ratio 20.47%
Memoranda
Average assets$22
Average earning assets$30,713
Average equity $4,819
Average loans $27,364
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1 Utah Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
078229Utah Community Bank820 East 9400 South, Sandy, UT 84094July 25, 2000Full Service Brick and Mortar
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