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
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