Barnes Banking Company
Kaysville, UT · Owner: Barnes Bcorp
$709M
total assets, December 31, 2009
$709M
total assets, December 31, 2009
Barnes Banking Company was a state member bank in Kaysville, UT, owned by Barnes Bcorp. It failed on Jan 15, 2010, and its insured deposits were paid out. At its last report it held $709.2 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 2009
This bank failed
- Failed on
- Jan 15, 2010
- Assets
- $709M
- Deposits
- $697M
- Estimated cost
- $107M
- Deposits went to
- temporary bridge bank
Total assets
$709M
-26.9% in a year · -10.6% in a quarter
Deposits
$697M
-19.0% in a year · -11.4% in a quarter
Loans
$515M
-29.4% in a year · -11.5% in a quarter
Profit so far
-$96.7M
Jan 1 to Dec 31, 2009
Capital ratio
0.73%
-10.80 pts in a year
Return on assets
-11.42%
-8.92 pts in a year
Facts
- Type
- State member bank
- Head office
- 33 South Main Street, Kaysville, UT, 84037
- County
- Davis
- Holding company
- Barnes Bcorp
- Established
- Jan 1, 1891
- Failed
- Jan 15, 2010
- Employees
- 163
- Branches
- 10
- Id
- b1252
Quarter by quarter
March 31, 1984 to December 31, 2009
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Barnes Banking Company?
$709.2 million in total assets and $697.1 million in deposits as of December 31, 2009, with assets down 26.9% from a year before. Its loans were $515.1 million.
How many branches does Barnes Banking Company have?
10 branches in Utah as of June 30, 2026.
Is Barnes Banking Company profitable?
No: it lost $96.7 million from January 1 to December 31, 2009. Its return on assets was -11.42% a year; about 1% is typical.
Who owns Barnes Banking Company?
Barnes Banking Company is owned by Barnes Bcorp, its holding company.
When did Barnes Banking Company fail?
Jan 15, 2010. The estimated cost of the failure was $106.8 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.