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


  • Bank of Fairfield in Fairfield, Washington (WA)
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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
  • NoIDNameAddressEstablishedService TypeMap
    07153Bank Of Fairfield213 Main Street, Fairfield, WA 99012January 01, 1908Full Service Brick and Mortar
    1224159Spangle BranchFirst And Rock Streets, Spangle, WA 99031November 06, 1973Full Service Brick and Mortar
    2224160Rockford BranchWest 5 Emma Street, Rockford, WA 99030Febuary 10, 1997Full Service Brick and Mortar
    3359866Rosalia518 South Whitman, Rosalia, WA 99170March 05, 2001Full Service Brick and Mortar
    4444892Spokane Branch522 W Riverside Ave. Suite 101, Spokane, WA 99201October 03, 2005Full Service Brick and Mortar
    5456130Bank Of Fairfield Mobile Spokane Bra522 W Riverside Ave. Suite 101, Spokane, WA 99201October 30, 2006Limited Service Mobile
    6469645Spokane Valley Branch13506 E 32nd Avenue, Spokane, WA 99206November 13, 2007Full Service Brick and Mortar
    7522118Oakesdale Branch114 W. Steptoe Avenue, Oakesdale, WA 99158August 09, 2011Limited Service Loan Production
    8522120Colfax Branch402 S. Main Street, Colfax, WA 99111August 09, 2011Limited Service Loan Production

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