Wasatch Bank in Orem, Utah (UT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 29, 1993

  • Wasatch Bank in Orem, Utah (UT)
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Wasatch Bank - Overview

  • General
  • FDIC Certificate #: 20631
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Zions First National Bank (#2270)
    Federal Reserve ID: 339278
    Date Established: March 09, 1972
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Interstate: No)
    OTS Docket #: 10438
    FDIC's unique #: 14240
    Numeric code: 21
    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: March 09, 1972
    Last Structure Change Effective Date: October 29, 1993
    Last Structure Change Process Date: December 27, 1993
    Last Data Update: January 10, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 1220 South 800 East, Orem, UT 84057
    County: Utah
    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): Provo-Orem, UT (#6520)
    Core Based Statistical Area (CBSA): Provo-Orem, UT (#39340)
    CBSA Metro Statistical Area: Provo-Orem, UT (#39340)
  • History of Changes
  • Merger - Without Assistance
  • Financial Summary
  • Total assets: $70.9 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $56Total assets
  • $68,275Cash and due from depository institutions
  • $4,549Interest-bearing balances
  • $98Securities
  • $6,692Federal funds sold & reverse repurchase agreements
  • $9,625Net loans & leases
  • $45,352Loan loss allowance
  • $546Trading account assets
  • $0Bank premises and fixed assets
  • $1,220Other real estate owned
  • $162Goodwill and other intangibles
  • $675Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $68,275Total liabilities
  • $62,630Total deposits
  • $61,647Interest-bearing deposits
  • $43,953Deposits held in domestic offices
  • 61647.00%% insured (estimated)
  • $84Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $23Subordinated debt
  • $0All other liabilities
  • $960Total equity capital
  • $960Total bank equity capital
  • $5,645Perpetual preferred stock
  • $0Common stock
  • $485Surplus
  • $2,763Undivided profits
  • Memoranda
  • $2,397Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $215Income earned, not collected on loans
  • $341Earning assets
  • $61,767Long-term assets (5+ years)
  • $4,509Average Assets, year-to-date
  • $63,965Average Assets, quarterly
  • $68,687Volatile liabilities
  • $1,219Insider loans
  • $1,039FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $14,988Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $5,645Total risk weighted assets
  • $46,647Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $6,339Total interest expense
  • $1,821Net interest income
  • $4,518Provision for loan and lease losses
  • $157Total noninterest income
  • $1,196Fiduciary activities
  • $0Service charges on deposit accounts
  • $835Trading account gains & fees
  • $0Additional noninterest income
  • $361Total noninterest expense
  • $3,296Salaries and employee benefits
  • $1,652Premises and equipment expense
  • $580Additional noninterest expense
  • $1,064Pre-tax net operating income
  • $2,261Securities gains (losses)
  • $0Applicable income taxes
  • $821Income before extraordinary items
  • $1,440Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,440Net charge-offs
  • $51Cash dividends
  • $470Sale, 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
  • 11.01%Cost of funding earning assets
  • 3.16%Net interest margin
  • 7.85%Noninterest income to earning assets
  • 2.08%Noninterest expense to earning assets
  • 5.73%Net operating income to assets
  • 2.25%Return on assets (ROA)
  • 2.25%Pretax return on assets
  • 3.53%Return on equity (ROE)
  • 28.49%Retained earnings to average equity (YTD only)
  • 19.19%Net charge-offs to loans
  • 0.11%Credit loss provision to net charge-offs
  • 307.84%Efficiency ratio
  • 57,683Assets per employee
  • 1.22%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 32.64%Loss allowance to loans
  • 1.19%Loss allowance to noncurrent loans
  • 253.95%Noncurrent assets plus other real estate owned to assets
  • 0.55%Noncurrent loans to loans
  • 0.47%Net loans and leases to deposits
  • 73.57%Net loans and leases to core deposits
  • 75.05%Equity capital to assets
  • 8.27%Core capital (leverage) ratio
  • 8.60%Tier 1 risk-based capital ratio
  • 12.10%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $63,965Average earning assets
  • $5,055Average equity
  • $57,569Average loans

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