American Marine Bank in Bainbridge Island, Washington (WA)



Show street view No street view available for this location
Table of contents:
American Marine Bank
GeneralFDIC 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
LocationAddress: 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 ChangesAbsorption - Assisted
Corrections
Financial SummaryTotal 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)
Total employees (full-time equivalent)120
Total assets$329,246
Cash and due from depository institutions$22,675
Interest-bearing balances$16,695
Securities$34,349
Federal funds sold & reverse repurchase agreements$813
Net loans & leases$228,844
Loan loss allowance $11,438
Trading account assets$0
Bank premises and fixed assets$11,287
Other real estate owned$13,726
Goodwill and other intangibles$1
All other assets$17,551
Life insurance assets$8,114
Total liabilities and capital$329,246
Total liabilities$326,889
Total deposits$287,443
Interest-bearing deposits$277,018
Deposits held in domestic offices$287,443
% insured (estimated)91.29%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $36,549
Subordinated debt $0
All other liabilities $2,897
Total equity capital$2,357
Total bank equity capital$2,357
Perpetual preferred stock$2,357
Common stock$0
Surplus$9,088
Undivided profits $6,958
Memoranda
Noncurrent loans and leases $-13,689
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $42,314
Income earned, not collected on loans $0
Earning assets $21,414
Long-term assets (5+ years) $0
Average Assets, year-to-date $1,320
Average Assets, quarterly $280,701
Volatile liabilities $129,268
Insider loans $371,366
FHLB advances $345,301
Loans and leases held for sale $78,841
Unused loan commitments $737
Tier 1 (core) risk-based capital $36,549
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $42,314
Restructured Loans and leases $4,194
Derivatives$2,671
Back to page top, Back to table top

Income and Expense (December 31, 2009)
(Dollar figures in thousands)
Total interest income $18,382
Total interest expense $6,207
Net interest income $12,175
Provision for loan and lease losses $30,809
Total noninterest income $1,209
Fiduciary activities $962
Service charges on deposit accounts $884
Trading account gains & fees $0
Additional noninterest income -$637
Total noninterest expense $15,708
Salaries and employee benefits $6,994
Premises and equipment expense $2,457
Additional noninterest expense $6,257
Pre-tax net operating income -$33,133
Securities gains (losses) $1,335
Applicable income taxes -$1,300
Income before extraordinary items -$30,498
Extraordinary gains - net $0
Net income attributable to bank -$30,498
Net charge-offs $0
Cash dividends -$30,498
Sale, conversion, retirement of capital stock, net $23,491
Net operating income $58
Back to page top, Back to table top

Performance and Condition Ratios (December 31, 2009)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.57%
Cost of funding earning assets 1.88%
Net interest margin 3.69%
Noninterest income to earning assets 0.37%
Noninterest expense to earning assets 4.76%
Net operating income to assets -8.56%
Return on assets (ROA) -8.21%
Pretax return on assets -8.56%
Return on equity (ROE) -234.73%
Retained earnings to average equity (YTD only) -235.17%
Net charge-offs to loans 8.64%
Credit loss provision to net charge-offs 131.15%
Efficiency ratio-0.10%
Assets per employee$117,357
Cash dividends to net income (YTD only)2.74%
Condition Ratios (%)
Loss allowance to loans -0.19%
Loss allowance to noncurrent loans 4.76%
Noncurrent assets plus other real estate owned to assets 53.41%
Noncurrent loans to loans 10.67%
Net loans and leases to deposits8.91%
Net loans and leases to core deposits 79.61%
Equity capital to assets 100.99%
Core capital (leverage) ratio 0.72%
Tier 1 risk-based capital ratio 0.76%
Total risk-based capital ratio 1.09%
Memoranda
Average assets$2
Average earning assets$371,366
Average equity $12,993
Average loans $330,096
Back to page top, Back to table top

Total Fiduciary and Related Assets (December 31, 2009)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$91,851
Number of Accounts1
Personal trust and agency accounts$70,723
Employee benefit-defined contribution accounts$64,836
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$5,887
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts293
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$5,887
Employee benefit-defined benefit accounts$0
Other retirement accounts$21,128
Corporate trust and agency accounts$15,152
Other fiduciary accounts$4,882
Fiduciary accounts held in foreign offices$1,094
Back to page top, Back to table top

User Contributions:

Comment about this bank, ask questions, or add new information about it:

CAPTCHA


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with American Marine Bank.
Based on public records. Inadvertent errors are possible.
BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.