Woodlands Commercial Bank in Salt Lake City, Utah (UT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 30, 2011

  • Woodlands Commercial Bank in Salt Lake City, Utah (UT)
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Woodlands Commercial Bank - Overview

  • General
  • FDIC Certificate #: 58009
    Status: Inactive
    Federal Reserve ID: 3376461
    Date Established: August 24, 2005
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 433598
    Numeric code: 23
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: August 24, 2005
    Last Structure Change Effective Date: December 30, 2011
    Last Structure Change Process Date: January 04, 2012
    Last Data Update: January 04, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 4001 South 700 East Suite 410, Salt Lake City, UT 84107
    County: Salt Lake
    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
    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)
  • History of Changes
  • Other Liquidations and Closings
    Change in Insurance Status
  • Financial Summary
  • Total assets: $1,570.2 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, 2010)

  • Dollar figures in thousands
  • 26Total employees (full-time equivalent)
  • $2,557,493Total assets
  • $1,287,050Cash and due from depository institutions
  • $1,263,872Interest-bearing balances
  • $186,365Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $945,954Net loans & leases
  • $0Loan loss allowance
  • $131,767Trading account assets
  • $1,084Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $5,273All other assets
  • $2,557,493Total liabilities and capital
  • $1,696,397Total liabilities
  • $1,642,375Total deposits
  • $1,642,375Interest-bearing deposits
  • $1,642,375Deposits held in domestic offices
  • 99.48%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $15,974Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $38,048All other liabilities
  • $861,096Total equity capital
  • $861,096Total bank equity capital
  • $861,096Perpetual preferred stock
  • $0Common stock
  • $100Surplus
  • $1,217,276Undivided profits
  • Memoranda
  • $-356,280Noncurrent loans and leases
  • $670,318Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,100Earning assets
  • $0Long-term assets (5+ years)
  • $878Average Assets, year-to-date
  • $2,396,191Average Assets, quarterly
  • $19,070Volatile liabilities
  • $3,012,618Insider loans
  • $2,703,209FHLB advances
  • $908,755Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $5,130,917Tier 2 risk-based capital
  • $945,954Total risk weighted assets
  • $670,318Total unused commitments
  • $1,729Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $51,551Total interest income
  • $89,757Total interest expense
  • -$38,206Net interest income
  • -$1,501Provision for loan and lease losses
  • $164,471Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $71,485Trading account gains & fees
  • $92,986Additional noninterest income
  • -$39,497Total noninterest expense
  • $4,659Salaries and employee benefits
  • $1,461Premises and equipment expense
  • -$45,617Additional noninterest expense
  • $167,263Pre-tax net operating income
  • $0Securities gains (losses)
  • $6,103Applicable income taxes
  • $161,160Income before extraordinary items
  • $0Extraordinary gains - net
  • $161,160Net income attributable to bank
  • $0Net charge-offs
  • $161,160Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 1.87%Yield on earning assets
  • 3.26%Cost of funding earning assets
  • -1.39%Net interest margin
  • 5.97%Noninterest income to earning assets
  • -1.43%Noninterest expense to earning assets
  • 5.35%Net operating income to assets
  • 5.35%Return on assets (ROA)
  • 5.55%Pretax return on assets
  • 21.48%Return on equity (ROE)
  • 21.48%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • -31,281Assets per employee
  • 98.37%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.00%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.04%Noncurrent loans to loans
  • 0.12%Net loans and leases to deposits
  • 57.60%Net loans and leases to core deposits
  • 126.20%Equity capital to assets
  • 33.67%Core capital (leverage) ratio
  • 31.51%Tier 1 risk-based capital ratio
  • 62.89%Total risk-based capital ratio
  • Memoranda
  • $63Average assets
  • $3,012,618Average earning assets
  • $750,281Average equity
  • $2,756,355Average loans

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