Far West Bank
Provo, UT — Domestic Branch of a Domestic Bank
Acquired Apr 2007
Vitals
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Total Assets438.8M 10.4 %
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Total Deposits383.6M 12.2 %
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Total Net Loans348.0M 11.7 %
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Net Income916000.0000 -64.7 %
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Book Value50.9M 0.7 %
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Book Value x2101.7M 0.7 %
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Book Value x3152.6M 0.7 %
Balance Sheet Highlights
Financial Highlights | Far West Bank | All Insured Commercial Banks in Utah |
Balance Sheet $(000) | ||
Total Assets | 438,816 | 2,258,717 |
Total Net Loans | 347,988 | 1,562,979 |
Total Deposits | 383,550 | 1,677,074 |
Total Equity | 50,862 | 244,494 |
Profitability | ||
Net Income | 916 | 21,342 |
Return on Average Assets | .86 | 2.917 |
Return on Average Equity | 6.63 | 23.736 |
Net Interest Margin | 9.001 | 5.727 |
Efficiency Ratio | 68.473 | 47.462 |
Noninterest Income/Revenue | 17.736 | 22.376 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 90.728 | 89.266 |
Securities/Assets | .069 | .304 |
Total Equity/Total Assets | .116 | .108 |
Tangible Equity/Tangible Assets | .108 | .102 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 48,392 | 243,881 |
Tier 2 Capital | 5,067 | 49,829 |
Total Capital | 53,459 | 265,425 |
Total Risk Weighted Assets | 398,192 | 1,618,985 |
Leverage Ratio | 11.43 | 14.147 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 12.15 | 17.942 |
Total Capital Ratio | 13.43 | 19.028 |
Timeline for Far West Bank
Bank Of Ephraim
Acquisition: Far West Bank acquired a new subsidiary, Bank Of Ephraim, 19 years
View Profile Jun 26 2004Far West Bancorporation
Far West Bancorporation became a new parent organization for Far West Bank.
View Profile Nov 02 1990State Bank Of Wayne
Acquisition: Far West Bank acquired a new subsidiary, State Bank Of Wayne, 39 years
View Profile Aug 01 1984Far West Bank
Far West Bank was established 49 years ago and is currently headquartered in Provo, UT.
Apr 23 1975Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Americanwest Bank | Buyer | 4,513,284 | Acquisition | Discontinued | 4/1/2007 |
Bank Of Ephraim | Seller | 56,774 | Failure | 6/26/2004 | |
State Bank Of Wayne | Seller | 6,113 | Discontinued | 8/1/1984 |
Relationships | Role | Relationship Start | Relationship End |
Far West Bancorporation | Parent | 11/2/1990 | 3/31/2007 |
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