WebBank in Salt Lake City, Utah (UT)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • WebBank in Salt Lake City, Utah (UT)
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WebBank - Overview

  • 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)

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
  • 30Total employees (full-time equivalent)
  • $124,665Total assets
  • $76,856Cash and due from depository institutions
  • $76,706Interest-bearing balances
  • $515Securities
  • $781Federal funds sold & reverse repurchase agreements
  • $43,762Net loans & leases
  • $529Loan loss allowance
  • $0Trading account assets
  • $423Bank premises and fixed assets
  • $333Other real estate owned
  • $25Goodwill and other intangibles
  • $124,665Life insurance assets
  • $1,970All other assets
  • $99,443Total liabilities and capital
  • $95,951Total liabilities
  • $95,951Total deposits
  • $95,951Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $3,492Subordinated debt
  • $25,222All other liabilities
  • $25,222Total equity capital
  • $25,222Total bank equity capital
  • $0Perpetual preferred stock
  • $1,109Common stock
  • $25,366Surplus
  • $-1,253Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $31,363Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,011Income earned, not collected on loans
  • $191Earning assets
  • $24Long-term assets (5+ years)
  • $121,764Average Assets, year-to-date
  • $1,342Average Assets, quarterly
  • $98,195Volatile liabilities
  • $123,232Insider loans
  • $43,829FHLB advances
  • $123,221Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $25,183Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $113,349Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,749Total interest income
  • $941Total interest expense
  • $9,808Net interest income
  • $8Provision for loan and lease losses
  • $4,054Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4,054Additional noninterest income
  • $6,728Total noninterest expense
  • $4,328Salaries and employee benefits
  • $287Premises and equipment expense
  • $2,113Additional noninterest expense
  • $7,126Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,124Applicable income taxes
  • $6,002Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,002Net income attributable to bank
  • $0Net charge-offs
  • $6,002Cash dividends
  • $1,019Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 11.26%Yield on earning assets
  • 0.99%Cost of funding earning assets
  • 10.28%Net interest margin
  • 4.25%Noninterest income to earning assets
  • 7.05%Noninterest expense to earning assets
  • 6.11%Net operating income to assets
  • 6.11%Return on assets (ROA)
  • 7.26%Pretax return on assets
  • 27.36%Return on equity (ROE)
  • 27.36%Retained earnings to average equity (YTD only)
  • 2.80%Net charge-offs to loans
  • 0.79%Credit loss provision to net charge-offs
  • 7.00%Efficiency ratio
  • 48,413Assets per employee
  • 4.16%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.19%Loss allowance to noncurrent loans
  • 52.32%Noncurrent assets plus other real estate owned to assets
  • 1.08%Noncurrent loans to loans
  • 2.28%Net loans and leases to deposits
  • 45.61%Net loans and leases to core deposits
  • 174.00%Equity capital to assets
  • 20.23%Core capital (leverage) ratio
  • 20.44%Tier 1 risk-based capital ratio
  • 57.46%Total risk-based capital ratio
  • Memoranda
  • $59Average assets
  • $98,195Average earning assets
  • $21,941Average equity
  • $95,444Average loans

List of branches

  • 1 Utah Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    057167Webbank215 South State Street, Suite 800, Salt Lake City, UT 84111May 15, 1997Full Service Brick and Mortar

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