Advanta Bank Corp.

11850 South Election Drive
Draper, UT 84020


General Bank Information

FDIC Insured Yes
FDIC Certificate # 33535
Date Established 1991
Assets $1.62 billion
Loans $0.66 billion
Deposits $1.52 billion
Capital $0.06 billion

Advanta Bank Corp. is an FDIC insured institution located in Draper, UT. It was founded in 1991 and has approximately $1.53 billion in assets.

The Federal Deposit Insurance Corp. (FDIC) approved the payout of the insured deposits of Advanta Bank Corp., Draper, Utah. The bank was closed March 19, 2010 by the Utah Department of Financial Institutions, which appointed the FDIC as receiver.

For a more detailed analysis of Advanta Bank Corp.'s financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in Advanta Bank Corp.’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Advanta Bank Corp.’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Loan Rates

Your Current Location: Virginia, VA 20146

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Financial Details

Advanta Bank Corp. Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Advanta Bank Corp.. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Advanta Bank Corp. U.S. Bank Average
48.22% 8.87%

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of March 31, 2017, Advanta Bank Corp. had $71,142,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $56,449,000 in equity and $91,079,000 in loans loss reserves. That gives it a Texas Ratio of 48.22%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
Advanta Bank Corp. U.S. Bank Average
-178.05% 8.39%

Advanta Bank Corp. has a Return on Equity of -178.05% versus the BestCashCow average of 8.39%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Advanta Bank Corp. U.S. Bank Average
3.48% 11.94%

Advanta Bank Corp. has a Capitalization of 3.48% versus the BestCashCow average of 11.94%. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Advanta Bank Corp. Balance Sheet Analysis

As of November 30, -0001, Advanta Bank Corp. had assets of $1,525,931,000, loans of $660,839,000, and deposits of $1,519,471,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

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