The First National Bank of Layton is headquartered in Layton and is the 33rd largest bank in the state of Utah. It is also the 2,388th largest bank in the nation. It was established in 1905 and as of March of 2014, it had grown to 111 employees at 8 locations. The First National Bank of Layton has a B+ health rating.
I personally recommend anyone but First National Bank for your mortgage loan. I had the worst experience. A friend recommended them, which he apologized for later, and so I went in to get things started. I was told, "If anyone can get you done, we can." We got everything going and after a week and a half, I followed up to see how things were going. I was told, "Everything looks good. We should close this week." And nothing. I waited another week and called back to see how things were going and was told, "I had my underwriter look at it and she said everything looks good, we should close by the end of the week." And...nothing. This goes on for a month. I call again and she tells me, "Well we may need a co-signer, my underwriter is going to look at it." Ummm I thought she already did, at least three times before. But as anyone would guess, may need means you do need. So I go to Wells Fargo. They had me approved in a week. :) A month later I get a bill from First National saying I owe them $400.00 for an appraisal. So I call my loan officer and ask him about it. He asks me why would they do an appraisal before they had you approved? So I go to pay the bill (because it will apparently go to collections if I don't and you can't have that if your closing on a home) and ask why. They told me, "We never approve a construction loan without an appraisal." Makes sense, but why not get everything "looking good" first so all you have left to finalize a loan is the appraisal? That makes more sense, right? All in all, it was a horrible experience, I felt like no one knew what they were doing and it wasted a month and a half of building time and $400.00 for an unnecessary appraisal. Please stay away from First National Bank. It's a waste of your time and money.
I worked with First National Bank on a Mortgage. The Loan Officer and Underwritter kept asking for the same paperwork over and over. They needed paystubs for over 6 weeks because they were so slow in underwriting.
I talked to the "Manager" Monica who gave me the run around more than my loan officer did. I kept calling branches and was given the name of Jonathan Pocock. I left 5 messages and never got a return call. What a terrible experience. Go anywhere else but First national bank of layton.
Once upon a time we looked forward to visiting the FNB main branch in Layton. The tellers we friendly and called us by our first name. The last year or so the tellers and other staff seem bitter. This attitude comes from the bank manager. We have dealt with Mary. She is unpleasant to talk with. At one time the tellers worked for the bank for years. However, lately it seems like there is a new teller every few months.
I had a great experience with First National Bank. I was referred to a loan officer from First National Bank who handled the refinance on my VA loan. The streamline process was efficient, and my loan officer did a great job communicating to me throughout the entire process. The best part: we signed the closing papers in the comfort of our own home! I think their level of customer service is unparalleled, and I have referred two of my Marine colleagues who also had positive experiences. I would refinance with them again.
The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 The First National Bank of Layton had $5.63 million in non-current loans and owned real-estate with $40.15 million in equity and loan loss allowances on hand to cover it. This gives The First National Bank of Layton a Texas Ratio of 14.02% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for The First National Bank of Layton decreased slightly from 17.75% as of March 31, 2013 to 14.02% as of March 31, 2014, resulting in a positive change of 21.04%.This indicates that the balance sheet and financial strength for The First National Bank of Layton has improved slightly in recent periods.
In the past year, The First National Bank of Layton has increased its total deposits by $6.62 million, resulting in 2.98% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth The First National Bank of Layton has shown is above average.
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. The First National Bank of Layton has $270.08 million in assets with $40.15 million in equity, resulting in a capitalization level of 14.87%, which is excellent.
|FDIC Certificate #||2260|
|Assets and Liabilities|
|Equity Capital||$36.16 million|
|Loan Loss Allowance||$4.00 million|
|Unbacked Noncurrent Loans||$2.36 million|
|Real Estate Owned||$3.27 million|
|Historic Data - March 2013|
|Equity Capital||$37.25 million|
|Loan Loss Allowance||$4.24 million|
|Unbacked Noncurrent Loans||$2.36 million|
|Real Estate Owned||$5.35 million|
|Profit Margin - Quarterly|
|Net Interest Margin||3.84%|
|Return on Assets||0.09%|
|Return on Equity||0.69%|
|Interest Income||$2.42 million|
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|0.10%||$100k||-||Business Plus Checking|
|1.46%||$500||-||5 Year CD|
|1.01%||$500||-||4 Year CD|
|0.75%||$500||-||3 Year CD|
|0.50%||$500||-||2 Year CD|
|0.35%||$500||-||1 Year CD|
|0.25%||$500||-||6 Month CD|
|0.25%||$100k||-||180 Day CD|
|0.15%||$500||-||3 Month CD|
|0.15%||$100k||-||90 Day CD|
|0.10%||$500||-||7-89 Day CD|
|0.10%||$100k||-||14 Day CD|
|0.10%||$100k||-||30 Day CD|
|1.46%||$500||-||60 Month IRA|
|0.50%||$500||-||24 Month IRA|
|0.35%||$500||-||12 Month IRA|
|0.25%||$500||-||6 Month IRA|
|The First National Bank of Layton Locations|
|The First National Bank Of Layton||12 South Main Street||Layton, UT 84041|
|Draper Office Branch||136 West 12300 South||Draper, UT 84020|
|Layton Hills Branch||1601 North Hill Field Road||Layton, UT 84041|
|Bountiful Branch||207 South Main||Bountiful, UT 84010|
|Salt Lake City Branch||400 South 480 East||Salt Lake City, UT 84111|
|Clearfield Branch||690 South State Street||Clearfield, UT 84015|
|Fairfield Branch||980 North Fairfield Road||Layton, UT 84041|