Asia-Europe-Americas Bank in Seattle, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 01, 2005

  • Asia-Europe-Americas Bank in Seattle, Washington (WA)
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Asia-Europe-Americas Bank - Overview

  • General
  • FDIC Certificate #: 34095
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: The Cowlitz Bank (#22643)
    Federal Reserve ID: 2366924
    Date Established: November 24, 1995
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 56235
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: November 24, 1995
    Last Structure Change Effective Date: November 01, 2005
    Last Structure Change Process Date: November 01, 2005
    Last Data Update: November 01, 2005
    Data Source Date: April 05, 2012
  • Location
  • Address: 1505 West Lake Avenue North, Seattle, WA 98109
    County: King
    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: $92.8 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, 2004)

  • Dollar figures in thousands
  • 23Total employees (full-time equivalent)
  • $113,014Total assets
  • $7,656Cash and due from depository institutions
  • $4,697Interest-bearing balances
  • $6,769Securities
  • $34,891Federal funds sold & reverse repurchase agreements
  • $57,369Net loans & leases
  • $8,432Loan loss allowance
  • $0Trading account assets
  • $190Bank premises and fixed assets
  • $1,182Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $4,957All other assets
  • $113,014Total liabilities and capital
  • $103,029Total liabilities
  • $102,391Total deposits
  • $69,106Interest-bearing deposits
  • $102,391Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $638All other liabilities
  • $9,985Total equity capital
  • $9,985Total bank equity capital
  • $9,985Perpetual preferred stock
  • $0Common stock
  • $293Surplus
  • $8,777Undivided profits
  • Memoranda
  • $915Noncurrent loans and leases
  • $7,205Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $12,075Earning assets
  • $2,370Long-term assets (5+ years)
  • $502Average Assets, year-to-date
  • $103,726Average Assets, quarterly
  • $1,185Volatile liabilities
  • $129,160Insider loans
  • $114,836FHLB advances
  • $27,906Loans and leases held for sale
  • $2,848Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $7,205Total unused commitments
  • $0Restructured Loans and leases
  • $988Derivatives

Income and Expense (December 31, 2004)

  • Dollar figures in thousands
  • $7,579Total interest income
  • $1,781Total interest expense
  • $5,798Net interest income
  • $6,140Provision for loan and lease losses
  • $657Total noninterest income
  • $0Fiduciary activities
  • $122Service charges on deposit accounts
  • $0Trading account gains & fees
  • $535Additional noninterest income
  • $4,922Total noninterest expense
  • $1,975Salaries and employee benefits
  • $465Premises and equipment expense
  • $2,482Additional noninterest expense
  • -$4,607Pre-tax net operating income
  • $38Securities gains (losses)
  • -$1,679Applicable income taxes
  • -$2,890Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,890Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $3,423Sale, conversion, retirement of capital stock, net
  • $40Net operating income

Performance and Condition Ratios (December 31, 2004)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.26%Yield on earning assets
  • 1.47%Cost of funding earning assets
  • 4.79%Net interest margin
  • 0.54%Noninterest income to earning assets
  • 4.07%Noninterest expense to earning assets
  • -2.26%Net operating income to assets
  • -2.24%Return on assets (ROA)
  • -3.54%Pretax return on assets
  • -23.26%Return on equity (ROE)
  • -23.59%Retained earnings to average equity (YTD only)
  • 3.42%Net charge-offs to loans
  • 179.37%Credit loss provision to net charge-offs
  • 0.45%Efficiency ratio
  • 76,251Assets per employee
  • 4.91%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -1.38%Loss allowance to loans
  • 12.81%Loss allowance to noncurrent loans
  • 69.83%Noncurrent assets plus other real estate owned to assets
  • 11.73%Noncurrent loans to loans
  • 18.35%Net loans and leases to deposits
  • 56.03%Net loans and leases to core deposits
  • 77.02%Equity capital to assets
  • 8.84%Core capital (leverage) ratio
  • 7.15%Tier 1 risk-based capital ratio
  • 10.93%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $129,160Average earning assets
  • $12,423Average equity
  • $120,980Average loans

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