Bank Northwest in Bellingham, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 28, 2004

  • Bank Northwest in Bellingham, Washington (WA)
  • Show street view No street view available for this location

Bank Northwest - Overview

  • General
  • FDIC Certificate #: 34421
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Bank of the Pacific (#23041)
    Federal Reserve ID: 2551047
    Date Established: March 03, 1997
    WWW: http://www.banknorthwest.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Interstate: No)
    OTS Docket #: 15487
    FDIC's unique #: 57184
    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: March 03, 1997
    Last Structure Change Effective Date: Febuary 28, 2004
    Last Structure Change Process Date: March 12, 2004
    Last Data Update: March 12, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 100 Grand Avenue, Bellingham, WA 98227
    County: Whatcom
    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): Bellingham, WA (#860)
    Core Based Statistical Area (CBSA): Bellingham, WA (#13380)
    CBSA Metro Statistical Area: Bellingham, WA (#13380)
  • Financial Summary
  • Total assets: $104.5 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, 2003)

  • Dollar figures in thousands
  • 49Total employees (full-time equivalent)
  • $104,518Total assets
  • $2,507Cash and due from depository institutions
  • $12Interest-bearing balances
  • $4,907Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $94,892Net loans & leases
  • $1,356Loan loss allowance
  • $0Trading account assets
  • $1,070Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,142All other assets
  • $104,518Total liabilities and capital
  • $96,305Total liabilities
  • $89,022Total deposits
  • $73,699Interest-bearing deposits
  • $89,022Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,000Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $5,807Other borrowed funds
  • $0Subordinated debt
  • $476All other liabilities
  • $8,213Total equity capital
  • $8,213Total bank equity capital
  • $8,213Perpetual preferred stock
  • $0Common stock
  • $718Surplus
  • $7,414Undivided profits
  • Memoranda
  • $81Noncurrent loans and leases
  • $23,820Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,474Earning assets
  • $0Long-term assets (5+ years)
  • $352Average Assets, year-to-date
  • $99,811Average Assets, quarterly
  • $8,760Volatile liabilities
  • $91,088Insider loans
  • $101,205FHLB advances
  • $32,481Loans and leases held for sale
  • $1,684Unused loan commitments
  • $5,575Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $2,378Total risk weighted assets
  • $23,820Total unused commitments
  • $0Restructured Loans and leases
  • $1,204Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $6,384Total interest income
  • $1,506Total interest expense
  • $4,878Net interest income
  • $550Provision for loan and lease losses
  • $1,239Total noninterest income
  • $0Fiduciary activities
  • $100Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,139Additional noninterest income
  • $4,682Total noninterest expense
  • $2,705Salaries and employee benefits
  • $598Premises and equipment expense
  • $1,379Additional noninterest expense
  • $885Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $885Income before extraordinary items
  • $0Extraordinary gains - net
  • $885Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $27Sale, conversion, retirement of capital stock, net
  • $75Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.38%Yield on earning assets
  • 1.74%Cost of funding earning assets
  • 5.64%Net interest margin
  • 1.43%Noninterest income to earning assets
  • 5.41%Noninterest expense to earning assets
  • 0.97%Net operating income to assets
  • 0.97%Return on assets (ROA)
  • 0.97%Pretax return on assets
  • 11.68%Return on equity (ROE)
  • 10.69%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • 2037.04%Credit loss provision to net charge-offs
  • 53.15%Efficiency ratio
  • 76,541Assets per employee
  • 2.13%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 8.47%Loss allowance to loans
  • 1.41%Loss allowance to noncurrent loans
  • 91.99%Noncurrent assets plus other real estate owned to assets
  • 1.41%Noncurrent loans to loans
  • 1.53%Net loans and leases to deposits
  • 106.59%Net loans and leases to core deposits
  • 149.79%Equity capital to assets
  • 7.86%Core capital (leverage) ratio
  • 8.30%Tier 1 risk-based capital ratio
  • 8.54%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $91,088Average earning assets
  • $7,574Average equity
  • $86,502Average loans

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