Washington Mutual Bank FSB in Park City, Utah (UT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 25, 2008

  • Washington Mutual Bank FSB in Park City, Utah (UT)
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Washington Mutual Bank FSB - Overview

  • General
  • FDIC Certificate #: 33891
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: JPMorgan Chase Bank, National Association (#628)
    Federal Reserve ID: 2187071
    Date Established: April 15, 1994
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 11905
    FDIC's unique #: 54060
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: April 15, 1994
    Last Structure Change Effective Date: September 25, 2008
    Last Structure Change Process Date: October 08, 2008
    Last Data Update: October 08, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 6250 North Sagewood Drive, Park City, UT 84098
    County: Summit
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: New York
    FDIC Field Office: Salt Lake City
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
    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 Summary
  • Total assets: $46,048.0 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, 2007)

  • Dollar figures in thousands
  • 208Total employees (full-time equivalent)
  • $42,775,480Total assets
  • $298,179Cash and due from depository institutions
  • $13Interest-bearing balances
  • $29,592,289Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $11,660,200Net loans & leases
  • $172,138Loan loss allowance
  • $14,512Trading account assets
  • $10,464Bank premises and fixed assets
  • $328Other real estate owned
  • $109Goodwill and other intangibles
  • $0Life insurance assets
  • $1,199,399All other assets
  • $42,775,480Total liabilities and capital
  • $13,268,200Total liabilities
  • $689,588Total deposits
  • $660,173Interest-bearing deposits
  • $689,588Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $12,148,596Other borrowed funds
  • $0Subordinated debt
  • $430,016All other liabilities
  • $29,507,280Total equity capital
  • $29,507,280Total bank equity capital
  • $29,507,280Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $29,321,346Undivided profits
  • Memoranda
  • $185,934Noncurrent loans and leases
  • $21,886,662Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $46,908Earning assets
  • $74Long-term assets (5+ years)
  • $231,979Average Assets, year-to-date
  • $41,267,014Average Assets, quarterly
  • $0Volatile liabilities
  • $39,537,311Insider loans
  • $42,402,475FHLB advances
  • $12,231,984Loans and leases held for sale
  • $0Unused loan commitments
  • $9,330,001Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $21,886,662Total unused commitments
  • $9,044Restructured Loans and leases
  • $172,264Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $2,221,157Total interest income
  • $345,149Total interest expense
  • $1,876,008Net interest income
  • $161,519Provision for loan and lease losses
  • $130,075Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • -$1,450Trading account gains & fees
  • $131,525Additional noninterest income
  • $127,165Total noninterest expense
  • $11,894Salaries and employee benefits
  • $6,784Premises and equipment expense
  • $108,487Additional noninterest expense
  • $1,717,399Pre-tax net operating income
  • -$293,425Securities gains (losses)
  • $514,416Applicable income taxes
  • $909,558Income before extraordinary items
  • $0Extraordinary gains - net
  • $909,558Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $111,810Sale, conversion, retirement of capital stock, net
  • $2,600,000Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.84%Yield on earning assets
  • 0.91%Cost of funding earning assets
  • 4.93%Net interest margin
  • 0.34%Noninterest income to earning assets
  • 0.33%Noninterest expense to earning assets
  • 2.78%Net operating income to assets
  • 2.30%Return on assets (ROA)
  • 3.60%Pretax return on assets
  • 2.92%Return on equity (ROE)
  • -5.42%Retained earnings to average equity (YTD only)
  • 0.89%Net charge-offs to loans
  • 144.46%Credit loss provision to net charge-offs
  • 16.80%Efficiency ratio
  • 6,339Assets per employee
  • 205.65%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 285.85%Loss allowance to loans
  • 1.45%Loss allowance to noncurrent loans
  • 366.97%Noncurrent assets plus other real estate owned to assets
  • 0.11%Noncurrent loans to loans
  • 0.40%Net loans and leases to deposits
  • 1690.89%Net loans and leases to core deposits
  • 1923.49%Equity capital to assets
  • 68.98%Core capital (leverage) ratio
  • 68.95%Tier 1 risk-based capital ratio
  • 145.45%Total risk-based capital ratio
  • Memoranda
  • $146Average assets
  • $39,537,311Average earning assets
  • $31,163,446Average equity
  • $38,055,006Average loans

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