Utah Independent Bank in Salina, Utah (UT)
Overview, Financial Summary, Detailed Financial Reports, Branches


Utah Independent Bank - Overview

  • General
  • FDIC Certificate #: 22514
    Status: Active
    Federal Reserve ID: 256179
    Date Established: August 29, 1977
    WWW: http://www.uibankonline.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 15702
    Numeric code: 13
    Regulator: FED
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: August 29, 1977
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 55 South State Street, Salina, UT 84654
    County: Sevier
    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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $61.4 mil
    Equity capital: $8.0 mil
    Deposits held in domestic offices: $53.0 mil
    Return on assets (ROA): 1.05% ($0.6 mil)
    Quarterly return on assets: 1.13% ($0.7 mil)
    Return on Equity (ROE): 7.84% ($0.6 mil)
    Quarterly return on equity: 8.34% ($0.7 mil)
    Net income: $0.6 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.05% ($645.1 mil)
    Quarterly Pretax return on assets: 1.13% ($694.3 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, 2011)

  • Dollar figures in thousands
  • 20Total employees (full-time equivalent)
  • $61,440Total assets
  • $6,576Cash and due from depository institutions
  • $2,406Interest-bearing balances
  • $9,843Securities
  • $7,953Federal funds sold & reverse repurchase agreements
  • $34,027Net loans & leases
  • $1,096Loan loss allowance
  • $0Trading account assets
  • $642Bank premises and fixed assets
  • $785Other real estate owned
  • $0Goodwill and other intangibles
  • $61,440Life insurance assets
  • $1,614All other assets
  • $53,396Total liabilities and capital
  • $52,966Total liabilities
  • $42,135Total deposits
  • $52,966Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $430Subordinated debt
  • $8,044All other liabilities
  • $8,044Total equity capital
  • $8,044Total bank equity capital
  • $0Perpetual preferred stock
  • $672Common stock
  • $689Surplus
  • $6,683Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $837Income earned, not collected on loans
  • $0Earning assets
  • $401Long-term assets (5+ years)
  • $54,229Average Assets, year-to-date
  • $11,926Average Assets, quarterly
  • $58,711Volatile liabilities
  • $59,469Insider loans
  • $40,072FHLB advances
  • $60,970Loans and leases held for sale
  • $1,038Unused loan commitments
  • $1,038Tier 1 (core) risk-based capital
  • $7,988Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,084Restructured Loans and leases
  • $345Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,797Total interest income
  • $245Total interest expense
  • $2,552Net interest income
  • $307Provision for loan and lease losses
  • $605Total noninterest income
  • $0Fiduciary activities
  • $494Service charges on deposit accounts
  • $0Trading account gains & fees
  • $111Additional noninterest income
  • $2,235Total noninterest expense
  • $1,311Salaries and employee benefits
  • $169Premises and equipment expense
  • $755Additional noninterest expense
  • $615Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $615Income before extraordinary items
  • $0Extraordinary gains - net
  • $615Net income attributable to bank
  • $0Net charge-offs
  • $615Cash dividends
  • $191Sale, conversion, retirement of capital stock, net
  • $178Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.38%Yield on earning assets
  • 0.47%Cost of funding earning assets
  • 4.91%Net interest margin
  • 1.16%Noninterest income to earning assets
  • 4.30%Noninterest expense to earning assets
  • 1.05%Net operating income to assets
  • 1.05%Return on assets (ROA)
  • 1.05%Pretax return on assets
  • 7.84%Return on equity (ROE)
  • 5.57%Retained earnings to average equity (YTD only)
  • 0.53%Net charge-offs to loans
  • 160.73%Credit loss provision to net charge-offs
  • 4.83%Efficiency ratio
  • 70,795Assets per employee
  • 3.07%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 28.94%Loss allowance to loans
  • 3.12%Loss allowance to noncurrent loans
  • 130.94%Noncurrent assets plus other real estate owned to assets
  • 2.64%Noncurrent loans to loans
  • 2.38%Net loans and leases to deposits
  • 64.24%Net loans and leases to core deposits
  • 65.67%Equity capital to assets
  • 13.09%Core capital (leverage) ratio
  • 13.10%Tier 1 risk-based capital ratio
  • 19.93%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $58,711Average earning assets
  • $7,842Average equity
  • $52,002Average loans

List of branches

  • 3 Utah Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    015702Utah Independent Bank55 South State Street, Salina, UT 84654August 29, 1977Full Service Brick and Mortar
    1254808Beaver Branch195 North Main, Beaver, UT 84713July 08, 1981Full Service Brick and Mortar
    2441890Monroe Branch110 North Main St., Monroe, UT 84754Febuary 09, 2005Full Service Brick and Mortar

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