Bank of Fife in Fife, Washington (WA)



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Bank of Fife
GeneralFDIC Certificate #: 33632
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Columbia State Bank (#33826)
Federal Reserve ID: 1977864
Date Established: July 27, 1992
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
OTS Docket #: 13721
FDIC's unique #: 47696
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: July 27, 1992
Last Structure Change Effective Date: December 02, 1997
Last Structure Change Process Date: January 07, 1998
Last Data Update: January 07, 1998
Data Source Date: April 05, 2012
LocationAddress: 5501 Pacific Highway, East, Fife, WA 98424
County: Pierce
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): Tacoma, WA (#8200)
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: Tacoma, WA (#45104)
Financial SummaryTotal assets: $35.6 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)
(Dollar figures in thousands)
Total employees (full-time equivalent)0
Total assets$12
Cash and due from depository institutions$32,881
Interest-bearing balances$3,941
Securities$1,751
Federal funds sold & reverse repurchase agreements$3,295
Net loans & leases$2,350
Loan loss allowance $21,958
Trading account assets$263
Bank premises and fixed assets$0
Other real estate owned$1,054
Goodwill and other intangibles$0
All other assets$0
Life insurance assets$283
Total liabilities and capital$0
Total liabilities$32,881
Total deposits$29,854
Interest-bearing deposits$29,558
Deposits held in domestic offices$24,170
% insured (estimated)29558.00%
Federal funds purchased & repurchase agreements $89
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $0
Total equity capital$296
Total bank equity capital$296
Perpetual preferred stock$3,027
Common stock$0
Surplus$103
Undivided profits $1,990
Memoranda
Noncurrent loans and leases $934
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $0
Earning assets $148
Long-term assets (5+ years) $29,354
Average Assets, year-to-date $1,076
Average Assets, quarterly $28,786
Volatile liabilities $32,168
Insider loans $5,101
FHLB advances $1,481
Loans and leases held for sale $0
Unused loan commitments $0
Tier 1 (core) risk-based capital $2,348
Tier 2 risk-based capital $0
Total risk weighted assets $3,019
Total unused commitments $24,185
Restructured Loans and leases $0
Derivatives$0
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Income and Expense (December 31, 1996)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $2,708
Net interest income $1,153
Provision for loan and lease losses $1,555
Total noninterest income $96
Fiduciary activities $152
Service charges on deposit accounts $0
Trading account gains & fees $125
Additional noninterest income $0
Total noninterest expense $27
Salaries and employee benefits $958
Premises and equipment expense $494
Additional noninterest expense $114
Pre-tax net operating income $350
Securities gains (losses) $653
Applicable income taxes $0
Income before extraordinary items $212
Extraordinary gains - net $441
Net income attributable to bank $0
Net charge-offs $441
Cash dividends $0
Sale, conversion, retirement of capital stock, net $0
Net operating income $31
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Performance and Condition Ratios (December 31, 1996)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 10.23%
Net interest margin 4.36%
Noninterest income to earning assets 5.87%
Noninterest expense to earning assets 0.57%
Net operating income to assets 3.62%
Return on assets (ROA) 1.53%
Pretax return on assets 1.53%
Return on equity (ROE) 2.27%
Retained earnings to average equity (YTD only) 15.78%
Net charge-offs to loans 15.78%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio0.00%
Assets per employee$56,122
Cash dividends to net income (YTD only)2.74%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.18%
Noncurrent assets plus other real estate owned to assets 0.00%
Noncurrent loans to loans 0.00%
Net loans and leases to deposits0.00%
Net loans and leases to core deposits 74.29%
Equity capital to assets 89.78%
Core capital (leverage) ratio 9.21%
Tier 1 risk-based capital ratio 9.44%
Total risk-based capital ratio 12.48%
Memoranda
Average assets$14
Average earning assets$28,786
Average equity $2,794
Average loans $26,469
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