Anchor Bank in Aberdeen, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Anchor Bank in Aberdeen, Washington (WA)
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Anchor Bank - Overview

  • General
  • FDIC Certificate #: 28454
    Status: Active
    Federal Reserve ID: 349370
    Bank Holding Company (Regulatory Top Holder): Anchor Bancorp, Inc. (RSSDID: 3843712, Location: Lacey, WA)
    Date Established: January 01, 1907
    WWW: http://www.anchorsb.com
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 13 (Domestic: 13, Interstate: No)
    OTS Docket #: 1626
    FDIC's unique #: 41288
    Numeric code: 42
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: October 18, 1935
    Last Structure Change Effective Date: January 25, 2011
    Last Structure Change Process Date: April 05, 2011
    Last Data Update: April 05, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 100 West First Street, Aberdeen, WA 98520
    County: Grays Harbor
    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
    Core Based Statistical Area (CBSA): Aberdeen, WA (#10140)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Name Change
  • Financial Summary
  • Total assets: $486.5 mil
    Equity capital: $53.4 mil
    Deposits held in domestic offices: $352.2 mil
    Return on assets (ROA): -1.88% (-$9.2 mil)
    Quarterly return on assets: 0.17% ($0.8 mil)
    Return on Equity (ROE): -17.50% (-$9.3 mil)
    Quarterly return on equity: 1.52% ($0.8 mil)
    Net income: -$9.3 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: -1.88% (-$9,146.8 mil)
    Quarterly Pretax return on assets: 0.17% ($827.1 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, 2011)

  • Dollar figures in thousands
  • 144Total employees (full-time equivalent)
  • $486,534Total assets
  • $76,341Cash and due from depository institutions
  • $73,325Interest-bearing balances
  • $51,947Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $308,631Net loans & leases
  • $6,469Loan loss allowance
  • $0Trading account assets
  • $12,351Bank premises and fixed assets
  • $8,177Other real estate owned
  • $546Goodwill and other intangibles
  • $486,534Life insurance assets
  • $28,541All other assets
  • $433,166Total liabilities and capital
  • $352,158Total liabilities
  • $317,916Total deposits
  • $352,158Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $75,858Trading liabilities
  • $0Other borrowed funds
  • $5,150Subordinated debt
  • $53,368All other liabilities
  • $53,368Total equity capital
  • $53,368Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $53,368Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,174Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $12,897Income earned, not collected on loans
  • $0Earning assets
  • $1,686Long-term assets (5+ years)
  • $433,903Average Assets, year-to-date
  • $171,568Average Assets, quarterly
  • $494,546Volatile liabilities
  • $488,230Insider loans
  • $321,297FHLB advances
  • $492,857Loans and leases held for sale
  • $17,957Unused loan commitments
  • $10,893Tier 1 (core) risk-based capital
  • $52,216Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $7,064Total unused commitments
  • $27,347Restructured Loans and leases
  • $255Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $24,163Total interest income
  • $6,596Total interest expense
  • $17,567Net interest income
  • $7,568Provision for loan and lease losses
  • $4,511Total noninterest income
  • $0Fiduciary activities
  • $1,873Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,638Additional noninterest income
  • $24,694Total noninterest expense
  • $8,251Salaries and employee benefits
  • $2,695Premises and equipment expense
  • $13,748Additional noninterest expense
  • -$10,184Pre-tax net operating income
  • $878Securities gains (losses)
  • $0Applicable income taxes
  • -$9,306Income before extraordinary items
  • $0Extraordinary gains - net
  • -$9,306Net income attributable to bank
  • $0Net charge-offs
  • -$9,306Cash dividends
  • $8,196Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.54%Yield on earning assets
  • 1.51%Cost of funding earning assets
  • 4.03%Net interest margin
  • 1.03%Noninterest income to earning assets
  • 5.66%Noninterest expense to earning assets
  • -2.06%Net operating income to assets
  • -1.88%Return on assets (ROA)
  • -1.88%Pretax return on assets
  • -17.50%Return on equity (ROE)
  • -17.50%Retained earnings to average equity (YTD only)
  • 2.43%Net charge-offs to loans
  • 92.34%Credit loss provision to net charge-offs
  • -0.32%Efficiency ratio
  • 111,849Assets per employee
  • 3.38%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.05%Loss allowance to noncurrent loans
  • 50.16%Noncurrent assets plus other real estate owned to assets
  • 4.33%Noncurrent loans to loans
  • 4.09%Net loans and leases to deposits
  • 87.64%Net loans and leases to core deposits
  • 90.94%Equity capital to assets
  • 10.97%Core capital (leverage) ratio
  • 10.59%Tier 1 risk-based capital ratio
  • 16.25%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $494,546Average earning assets
  • $53,179Average equity
  • $435,960Average loans

List of branches

  • 13 Washington Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    041288Anchor Bank100 West First Street, Aberdeen, WA 98520January 01, 1907Full Service Brick and Mortar
    126772802 - Elma BranchThird And Eaton Streets, Elma, WA 98541January 01, 1907Full Service Brick and Mortar
    10026772903 - Westport BranchMontesano And Washington, Westport, WA 98595January 01, 1907Full Service Brick and Mortar
    10126773004 - Olympia Branch2610 Harrison Avenue Northwest At Kenyon, Olympia, WA 98502January 01, 1907Full Service Brick and Mortar
    10326773206 - Lacey Branch649 Woodland Square Loop Southeast, Lacey, WA 98503March 22, 1993Full Service Brick and Mortar
    10426773305 - Ocean Shores Branch698 Ocean Shores Boulevard, Ocean Shores, WA 98569Febuary 01, 1996Full Service Brick and Mortar
    10526773407 - Centralia Branch604 South Tower Avenue, Centralia, WA 98531June 03, 1996Full Service Brick and Mortar
    10626773508 - Montesano Branch211-B Pioneer Avenue East, Montesano, WA 98563July 08, 1998Full Service Retail
    10736024709 - Martin Way Branch4250 Martin Way E, Olympia, WA 98516January 03, 2001Full Service Brick and Mortar
    10936580611 - Hoquiam Branch701 Simpson Avenue, Hoquiam, WA 98550July 08, 2002Full Service Brick and Mortar
    11141979113 - Shelton Branch100 E Wallace Kneeland Blvd, Shelton, WA 98584June 30, 2003Full Service Retail
    11241979214 - Chehalis Branch1601 Nw Louisiana Ave, Chehalis, WA 98532June 30, 2003Full Service Retail
    117458321Puyallup Branch16502 Meridian Avenue East, Puyallup, WA 98375January 19, 2007Full Service Retail

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