Bank of Fairfield in city_name, state_name - Detailed Financial Reports, Location

Bank of Fairfield in Fairfield, Washington (WA)
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Bank of Fairfield routing number info

Bank of Fairfield - Overview

General
FDIC Certificate #: 11207
Status: Active
Federal Reserve ID: 99974
Bank Holding Company (Regulatory Top Holder): Fairfield Financial Holdings Corp. (RSSDID: 3551446, Location: Fairfield, WA)
Date Established: January 01, 1908
WWW: http://www.bankoffairfield.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 9 (Domestic: 9, Interstate: No)
OTS Docket #: 13463
FDIC's unique #: 7153
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Agricultural lending institution: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Agricultural Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
Location
Address: 213 Main Street, Fairfield, WA 99012
County: Spokane
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): Spokane, WA (#7840)
Core Based Statistical Area (CBSA): Spokane, WA (#44060)
CBSA Metro Statistical Area: Spokane, WA (#44060)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $127.0 mil
Equity capital: $13.0 mil
Deposits held in domestic offices: $113.1 mil
Return on assets (ROA): 0.37% ($0.5 mil)
Quarterly return on assets: 0.66% ($0.8 mil)
Return on Equity (ROE): 3.70% ($0.5 mil)
Quarterly return on equity: 6.36% ($0.8 mil)
Net income: $0.5 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 0.54% ($685.8 mil)
Quarterly Pretax return on assets: 1.01% ($1,282.6 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
42Total employees (full-time equivalent)
$126,992Total assets
$10,065Cash and due from depository institutions
$6,568Interest-bearing balances
$4,337Securities
$500Federal funds sold & reverse repurchase agreements
$102,260Net loans & leases
$3,166Loan loss allowance
$0Trading account assets
$2,247Bank premises and fixed assets
$1,711Other real estate owned
$0Goodwill and other intangibles
$126,992Life insurance assets
$5,872All other assets
$114,009Total liabilities and capital
$113,106Total liabilities
$87,926Total deposits
$113,106Interest-bearing deposits
$97Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$903Subordinated debt
$12,983All other liabilities
$12,983Total equity capital
$12,983Total bank equity capital
$0Perpetual preferred stock
$854Common stock
$5,404Surplus
$6,725Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$4,850Income earned, not collected on loans
$0Earning assets
$1,048Long-term assets (5+ years)
$113,665Average Assets, year-to-date
$14,177Average Assets, quarterly
$124,432Volatile liabilities
$124,618Insider loans
$103,914FHLB advances
$124,804Loans and leases held for sale
$2,397Unused loan commitments
$2,397Tier 1 (core) risk-based capital
$12,713Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$36,317Restructured Loans and leases
$1,741Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$7,033Total interest income
$1,198Total interest expense
$5,835Net interest income
$105Provision for loan and lease losses
$491Total noninterest income
$0Fiduciary activities
$129Service charges on deposit accounts
$0Trading account gains & fees
$362Additional noninterest income
$5,608Total noninterest expense
$3,010Salaries and employee benefits
$847Premises and equipment expense
$1,751Additional noninterest expense
$613Pre-tax net operating income
$65Securities gains (losses)
$213Applicable income taxes
$465Income before extraordinary items
$0Extraordinary gains - net
$465Net income attributable to bank
$0Net charge-offs
$465Cash dividends
$101Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
6.29%Yield on earning assets
1.07%Cost of funding earning assets
5.22%Net interest margin
0.44%Noninterest income to earning assets
5.02%Noninterest expense to earning assets
0.34%Net operating income to assets
0.37%Return on assets (ROA)
0.54%Pretax return on assets
3.70%Return on equity (ROE)
3.70%Retained earnings to average equity (YTD only)
0.10%Net charge-offs to loans
103.96%Credit loss provision to net charge-offs
7.11%Efficiency ratio
88,650Assets per employee
3.02%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.00%Loss allowance to noncurrent loans
65.28%Noncurrent assets plus other real estate owned to assets
5.17%Noncurrent loans to loans
4.60%Net loans and leases to deposits
90.41%Net loans and leases to core deposits
93.97%Equity capital to assets
10.22%Core capital (leverage) ratio
10.19%Tier 1 risk-based capital ratio
12.23%Total risk-based capital ratio
Memoranda
$14Average assets
$124,432Average earning assets
$12,559Average equity
$111,738Average loans

List of branches

9 Washington Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	7153	Bank Of Fairfield	213 Main Street, Fairfield, WA 99012	January 01, 1908	Full Service Brick and Mortar
1	224159	Spangle Branch	First And Rock Streets, Spangle, WA 99031	November 06, 1973	Full Service Brick and Mortar
2	224160	Rockford Branch	West 5 Emma Street, Rockford, WA 99030	Febuary 10, 1997	Full Service Brick and Mortar
3	359866	Rosalia	518 South Whitman, Rosalia, WA 99170	March 05, 2001	Full Service Brick and Mortar
4	444892	Spokane Branch	522 W Riverside Ave. Suite 101, Spokane, WA 99201	October 03, 2005	Full Service Brick and Mortar
5	456130	Bank Of Fairfield Mobile Spokane Bra	522 W Riverside Ave. Suite 101, Spokane, WA 99201	October 30, 2006	Limited Service Mobile
6	469645	Spokane Valley Branch	13506 E 32nd Avenue, Spokane, WA 99206	November 13, 2007	Full Service Brick and Mortar
7	522118	Oakesdale Branch	114 W. Steptoe Avenue, Oakesdale, WA 99158	August 09, 2011	Limited Service Loan Production
8	522120	Colfax Branch	402 S. Main Street, Colfax, WA 99111	August 09, 2011	Limited Service Loan Production

Bank of Fairfield in Fairfield, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Bank of Fairfield - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

Bank of Fairfield in Fairfield, Washington (WA)Overview, Financial Summary, Detailed Financial Reports, Branches

Bank of Fairfield - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

Bank of Fairfield in Fairfield, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches