Sandy State Bank
Sandy, UT · Owner: Salt Lake Bcorp
$8.9M
total assets, March 31, 1988
$8.9M
total assets, March 31, 1988
Sandy State Bank was a state member bank in Sandy, UT, owned by Salt Lake Bcorp. It failed on May 27, 1988, and Zions First National Ban took over its deposits. At its last report it held $8.95 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1988
This bank failed
- Failed on
- May 27, 1988
- Assets
- $8.9M
- Deposits
- $8.0M
- Estimated cost
- $1.9M
- Deposits went to
- Zions First National Ban, Salt Lake City, UT
Total assets
$8.9M
-24.5% in a year · -8.3% in a quarter
Deposits
$8.0M
-25.6% in a year · -9.8% in a quarter
Loans
$5.7M
-23.5% in a year · -4.1% in a quarter
Profit so far
-$191K
Jan 1 to Mar 31, 1988
Capital ratio
4.03%
-2.93 pts in a year
Return on assets
-8.17%
-7.73 pts in a year
Facts
- Type
- State member bank
- Head office
- 140 West 9000 South, Sandy, UT, 84070
- County
- Salt Lake
- Holding company
- Salt Lake Bcorp
- Established
- Aug 9, 1977
- Failed
- May 27, 1988
- Employees
- 13
- Id
- b22511
Quarter by quarter
March 31, 1984 to March 31, 1988
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 Sandy State Bank?
$8.95 million in total assets and $8.04 million in deposits as of March 31, 1988, with assets down 24.5% from a year before. Its loans were $5.75 million.
Is Sandy State Bank profitable?
No: it lost $191,000 from January 1 to March 31, 1988. Its return on assets was -8.17% a year; about 1% is typical.
Who owns Sandy State Bank?
Sandy State Bank is owned by Salt Lake Bcorp, its holding company.
When did Sandy State Bank fail?
May 27, 1988. Zions First National Ban of Salt Lake City, UT took over its deposits. The estimated cost of the failure was $1.92 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.