WebBank in Salt Lake City, Utah (UT)
| WebBank | |
|---|---|
| General | FDIC Certificate #: 34404 Status: Active Federal Reserve ID: 2576134 Date Established: May 15, 1997 WWW: http://www.webbank.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 #: 57167 Numeric code: 23 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: Other Specialized Lending < 1 Billion Date of Deposit Insurance: May 15, 1997 Last Structure Change Effective Date: March 16, 2012 Last Structure Change Process Date: March 16, 2012 Last Data Update: March 16, 2012 Data Source Date: April 05, 2012 |
| Location | Address: 215 South State Street, Suite 800, Salt Lake City, UT 84111 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 Summary | Total assets: $124.7 mil Equity capital: $25.2 mil Deposits held in domestic offices: $96.0 mil Return on assets (ROA): 6.11% ($7.6 mil) Quarterly return on assets: 5.95% ($7.4 mil) Return on Equity (ROE): 27.36% ($6.8 mil) Quarterly return on equity: 30.16% ($7.5 mil) Net income: $6.0 mil Quarterly Net income: $1.8 mil Pretax return on assets: 7.26% ($9,050.7 mil) Quarterly Pretax return on assets: 8.85% ($11,032.9 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 30 |
| Total assets | $124,665 |
| Cash and due from depository institutions | $76,856 |
| Interest-bearing balances | $76,706 |
| Securities | $515 |
| Federal funds sold & reverse repurchase agreements | $781 |
| Net loans & leases | $43,762 |
| Loan loss allowance | $529 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $423 |
| Other real estate owned | $333 |
| Goodwill and other intangibles | $25 |
| All other assets | $1,970 |
| Life insurance assets | $124,665 |
| Total liabilities and capital | $99,443 |
| Total liabilities | $95,951 |
| Total deposits | $95,951 |
| Interest-bearing deposits | $95,951 |
| Deposits held in domestic offices | $91 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $3,492 |
| All other liabilities | $25,222 |
| Total equity capital | $25,222 |
| Total bank equity capital | $25,222 |
| Perpetual preferred stock | $0 |
| Common stock | $1,109 |
| Surplus | $25,366 |
| Undivided profits | $-1,253 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $31,363 |
| Income earned, not collected on loans | $1,011 |
| Earning assets | $191 |
| Long-term assets (5+ years) | $24 |
| Average Assets, year-to-date | $121,764 |
| Average Assets, quarterly | $1,342 |
| Volatile liabilities | $98,195 |
| Insider loans | $123,232 |
| FHLB advances | $43,829 |
| Loans and leases held for sale | $123,221 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $25,183 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $113,349 |
| Derivatives | $0 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $10,749 |
| Total interest expense | $941 |
| Net interest income | $9,808 |
| Provision for loan and lease losses | $8 |
| Total noninterest income | $4,054 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $0 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $4,054 |
| Total noninterest expense | $6,728 |
| Salaries and employee benefits | $4,328 |
| Premises and equipment expense | $287 |
| Additional noninterest expense | $2,113 |
| Pre-tax net operating income | $7,126 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $1,124 |
| Income before extraordinary items | $6,002 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $6,002 |
| Net charge-offs | $0 |
| Cash dividends | $6,002 |
| Sale, conversion, retirement of capital stock, net | $1,019 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 11.26% |
| Cost of funding earning assets | 0.99% |
| Net interest margin | 10.28% |
| Noninterest income to earning assets | 4.25% |
| Noninterest expense to earning assets | 7.05% |
| Net operating income to assets | 6.11% |
| Return on assets (ROA) | 6.11% |
| Pretax return on assets | 7.26% |
| Return on equity (ROE) | 27.36% |
| Retained earnings to average equity (YTD only) | 27.36% |
| Net charge-offs to loans | 2.80% |
| Credit loss provision to net charge-offs | 0.79% |
| Efficiency ratio | 7.00% |
| Assets per employee | $48,413 |
| Cash dividends to net income (YTD only) | 4.16% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 1.19% |
| Noncurrent assets plus other real estate owned to assets | 52.32% |
| Noncurrent loans to loans | 1.08% |
| Net loans and leases to deposits | 2.28% |
| Net loans and leases to core deposits | 45.61% |
| Equity capital to assets | 174.00% |
| Core capital (leverage) ratio | 20.23% |
| Tier 1 risk-based capital ratio | 20.44% |
| Total risk-based capital ratio | 57.46% |
| Memoranda | |
| Average assets | $59 |
| Average earning assets | $98,195 |
| Average equity | $21,941 |
| Average loans | $95,444 |
| 1 Utah Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 57167 | Webbank | 215 South State Street, Suite 800, Salt Lake City, UT 84111 | May 15, 1997 | Full Service Brick and Mortar |  |
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BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.