American Marine Bank in Bainbridge Island, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 29, 2010

  • American Marine Bank in Bainbridge Island, Washington (WA)
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American Marine Bank - Overview

  • General
  • FDIC Certificate #: 16730
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Columbia State Bank (#33826)
    Federal Reserve ID: 691079
    Date Established: September 17, 1948
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 12 (Interstate: No)
    OTS Docket #: 13562
    FDIC's unique #: 10850
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: September 17, 1948
    Last Structure Change Effective Date: January 29, 2010
    Last Structure Change Process Date: Febuary 01, 2010
    Last Data Update: Febuary 01, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 249 Winslow Way East, Bainbridge Island, WA 98110
    County: Kitsap
    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): Bremerton, WA (#1150)
    Consolidated Metropolitan Statistical Area (CMSA): Seattle-Tacoma-Bremerton, WA (#91)
    Combined Statistical Area (CSA): Seattle-Tacoma-Olympia, WA (#500)
    Core Based Statistical Area (CBSA): Bremerton-Silverdale, WA (#14740)
    CBSA Metro Statistical Area: Bremerton-Silverdale, WA (#14740)
  • History of Changes
  • Absorption - Assisted
    Corrections
  • Financial Summary
  • Total assets: $329.2 mil

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

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2009)

  • Dollar figures in thousands
  • 120Total employees (full-time equivalent)
  • $329,246Total assets
  • $22,675Cash and due from depository institutions
  • $16,695Interest-bearing balances
  • $34,349Securities
  • $813Federal funds sold & reverse repurchase agreements
  • $228,844Net loans & leases
  • $11,438Loan loss allowance
  • $0Trading account assets
  • $11,287Bank premises and fixed assets
  • $13,726Other real estate owned
  • $1Goodwill and other intangibles
  • $8,114Life insurance assets
  • $17,551All other assets
  • $329,246Total liabilities and capital
  • $326,889Total liabilities
  • $287,443Total deposits
  • $277,018Interest-bearing deposits
  • $287,443Deposits held in domestic offices
  • 91.29%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $36,549Other borrowed funds
  • $0Subordinated debt
  • $2,897All other liabilities
  • $2,357Total equity capital
  • $2,357Total bank equity capital
  • $2,357Perpetual preferred stock
  • $0Common stock
  • $9,088Surplus
  • $6,958Undivided profits
  • Memoranda
  • $-13,689Noncurrent loans and leases
  • $42,314Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $21,414Earning assets
  • $0Long-term assets (5+ years)
  • $1,320Average Assets, year-to-date
  • $280,701Average Assets, quarterly
  • $129,268Volatile liabilities
  • $371,366Insider loans
  • $345,301FHLB advances
  • $78,841Loans and leases held for sale
  • $737Unused loan commitments
  • $36,549Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $42,314Total unused commitments
  • $4,194Restructured Loans and leases
  • $2,671Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $18,382Total interest income
  • $6,207Total interest expense
  • $12,175Net interest income
  • $30,809Provision for loan and lease losses
  • $1,209Total noninterest income
  • $962Fiduciary activities
  • $884Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$637Additional noninterest income
  • $15,708Total noninterest expense
  • $6,994Salaries and employee benefits
  • $2,457Premises and equipment expense
  • $6,257Additional noninterest expense
  • -$33,133Pre-tax net operating income
  • $1,335Securities gains (losses)
  • -$1,300Applicable income taxes
  • -$30,498Income before extraordinary items
  • $0Extraordinary gains - net
  • -$30,498Net income attributable to bank
  • $0Net charge-offs
  • -$30,498Cash dividends
  • $23,491Sale, conversion, retirement of capital stock, net
  • $58Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.57%Yield on earning assets
  • 1.88%Cost of funding earning assets
  • 3.69%Net interest margin
  • 0.37%Noninterest income to earning assets
  • 4.76%Noninterest expense to earning assets
  • -8.56%Net operating income to assets
  • -8.21%Return on assets (ROA)
  • -8.56%Pretax return on assets
  • -234.73%Return on equity (ROE)
  • -235.17%Retained earnings to average equity (YTD only)
  • 8.64%Net charge-offs to loans
  • 131.15%Credit loss provision to net charge-offs
  • -0.10%Efficiency ratio
  • 117,357Assets per employee
  • 2.74%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -0.19%Loss allowance to loans
  • 4.76%Loss allowance to noncurrent loans
  • 53.41%Noncurrent assets plus other real estate owned to assets
  • 10.67%Noncurrent loans to loans
  • 8.91%Net loans and leases to deposits
  • 79.61%Net loans and leases to core deposits
  • 100.99%Equity capital to assets
  • 0.72%Core capital (leverage) ratio
  • 0.76%Tier 1 risk-based capital ratio
  • 1.09%Total risk-based capital ratio
  • Memoranda
  • $2Average assets
  • $371,366Average earning assets
  • $12,993Average equity
  • $330,096Average loans

Total Fiduciary and Related Assets (December 31, 2009)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $91,851Managed Assets
  • 1Number of Accounts
  • $70,723Personal trust and agency accounts
  • $64,836Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $5,887Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 293Number of Accounts
  • $0Personal trust and agency accounts
  • $5,887Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $21,128Other retirement accounts
  • $15,152Corporate trust and agency accounts
  • $4,882Other fiduciary accounts
  • $1,094Fiduciary accounts held in foreign offices

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