American First National Bank in Everett, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 01, 1997

  • American First National Bank in Everett, Washington (WA)
  • Show street view No street view available for this location

American First National Bank - Overview

  • General
  • FDIC Certificate #: 25711
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Cascade Bank (#28823)
    Federal Reserve ID: 449579
    Date Established: September 17, 1984
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 4 (Interstate: No)
    OTS Docket #: 9456
    FDIC's unique #: 17588
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: September 17, 1984
    Last Structure Change Effective Date: August 01, 1997
    Last Structure Change Process Date: September 02, 1997
    Last Data Update: September 02, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 6920 Evergreen Way, Everett, WA 98203
    County: Snohomish
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Seattle
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Seattle-Bellevue-Everett, WA (#7600)
    Consolidated Metropolitan Statistical Area (CMSA): Seattle-Tacoma-Bremerton, WA (#91)
    Combined Statistical Area (CSA): Seattle-Tacoma-Olympia, WA (#500)
    Core Based Statistical Area (CBSA): Seattle-Tacoma-Bellevue, WA (#42660)
    CBSA Metro Statistical Area: Seattle-Tacoma-Bellevue, WA (#42660)
    Core Based Statistical Division: Seattle-Bellevue-Everett, WA (#42644)
  • Financial Summary
  • Total assets: $65.3 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $33Total assets
  • $70,498Cash and due from depository institutions
  • $4,017Interest-bearing balances
  • $122Securities
  • $22,079Federal funds sold & reverse repurchase agreements
  • $2,200Net loans & leases
  • $40,224Loan loss allowance
  • $441Trading account assets
  • $0Bank premises and fixed assets
  • $1,124Other real estate owned
  • $0Goodwill and other intangibles
  • $854Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $70,498Total liabilities
  • $65,691Total deposits
  • $65,015Interest-bearing deposits
  • $53,160Deposits held in domestic offices
  • 65015.00%% insured (estimated)
  • $77Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $676Total equity capital
  • $676Total bank equity capital
  • $4,807Perpetual preferred stock
  • $0Common stock
  • $1,165Surplus
  • $1,165Undivided profits
  • Memoranda
  • $2,477Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $469Income earned, not collected on loans
  • $212Earning assets
  • $64,625Long-term assets (5+ years)
  • $6,185Average Assets, year-to-date
  • $66,251Average Assets, quarterly
  • $68,404Volatile liabilities
  • $14,735Insider loans
  • $2,216FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $11,334Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $4,710Total risk weighted assets
  • $38,402Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $5,262Total interest expense
  • $2,515Net interest income
  • $2,747Provision for loan and lease losses
  • $151Total noninterest income
  • $376Fiduciary activities
  • $0Service charges on deposit accounts
  • $188Trading account gains & fees
  • $0Additional noninterest income
  • $188Total noninterest expense
  • $2,226Salaries and employee benefits
  • $1,249Premises and equipment expense
  • $467Additional noninterest expense
  • $510Pre-tax net operating income
  • $746Securities gains (losses)
  • $3Applicable income taxes
  • $168Income before extraordinary items
  • $581Extraordinary gains - net
  • $0Net income attributable to bank
  • $581Net charge-offs
  • $54Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.68%Cost of funding earning assets
  • 4.15%Net interest margin
  • 4.53%Noninterest income to earning assets
  • 0.62%Noninterest expense to earning assets
  • 3.67%Net operating income to assets
  • 0.87%Return on assets (ROA)
  • 0.88%Pretax return on assets
  • 1.13%Return on equity (ROE)
  • 12.97%Retained earnings to average equity (YTD only)
  • 12.97%Net charge-offs to loans
  • 0.14%Credit loss provision to net charge-offs
  • 279.63%Efficiency ratio
  • 71,278Assets per employee
  • 2.14%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.08%Loss allowance to noncurrent loans
  • 94.03%Noncurrent assets plus other real estate owned to assets
  • 0.67%Noncurrent loans to loans
  • 1.15%Net loans and leases to deposits
  • 61.87%Net loans and leases to core deposits
  • 80.00%Equity capital to assets
  • 6.82%Core capital (leverage) ratio
  • 7.22%Tier 1 risk-based capital ratio
  • 12.26%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $66,251Average earning assets
  • $4,478Average equity
  • $60,610Average loans

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