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

This bank is inactive as of December 21, 1998

  • Bank of Sumner in Sumner, Washington (WA)
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Bank of Sumner - Overview

  • General
  • FDIC Certificate #: 22169
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Frontier Bank (#22710)
    Federal Reserve ID: 956170
    Date Established: December 01, 1975
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    OTS Docket #: 9340
    FDIC's unique #: 15401
    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: December 01, 1975
    Last Structure Change Effective Date: December 21, 1998
    Last Structure Change Process Date: Febuary 12, 1999
    Last Data Update: Febuary 12, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 801 Alder Avenue, Sumner, WA 98390
    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 Summary
  • Total assets: $99.1 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 43Total employees (full-time equivalent)
  • $89,964Total assets
  • $13,774Cash and due from depository institutions
  • $10,535Interest-bearing balances
  • $1,366Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $70,612Net loans & leases
  • $979Loan loss allowance
  • $0Trading account assets
  • $1,970Bank premises and fixed assets
  • $200Other real estate owned
  • $1,230Goodwill and other intangibles
  • $0Life insurance assets
  • $812All other assets
  • $89,964Total liabilities and capital
  • $80,292Total liabilities
  • $79,451Total deposits
  • $60,887Interest-bearing deposits
  • $79,451Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $240Other borrowed funds
  • $0Subordinated debt
  • $601All other liabilities
  • $9,672Total equity capital
  • $9,672Total bank equity capital
  • $9,672Perpetual preferred stock
  • $0Common stock
  • $824Surplus
  • $6,677Undivided profits
  • Memoranda
  • $2,171Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $86Earning assets
  • $0Long-term assets (5+ years)
  • $454Average Assets, year-to-date
  • $82,513Average Assets, quarterly
  • $525Volatile liabilities
  • $79,152Insider loans
  • $87,910FHLB advances
  • $8,824Loans and leases held for sale
  • $2,805Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $20,577Total unused commitments
  • $0Restructured Loans and leases
  • $75,078Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $7,013Total interest income
  • $2,167Total interest expense
  • $4,846Net interest income
  • $245Provision for loan and lease losses
  • $491Total noninterest income
  • $0Fiduciary activities
  • $311Service charges on deposit accounts
  • $0Trading account gains & fees
  • $180Additional noninterest income
  • $2,599Total noninterest expense
  • $1,523Salaries and employee benefits
  • $376Premises and equipment expense
  • $700Additional noninterest expense
  • $2,493Pre-tax net operating income
  • $0Securities gains (losses)
  • $739Applicable income taxes
  • $1,754Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,754Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $31Sale, conversion, retirement of capital stock, net
  • $665Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 9.64%Yield on earning assets
  • 2.98%Cost of funding earning assets
  • 6.66%Net interest margin
  • 0.68%Noninterest income to earning assets
  • 3.57%Noninterest expense to earning assets
  • 2.22%Net operating income to assets
  • 2.22%Return on assets (ROA)
  • 3.15%Pretax return on assets
  • 19.51%Return on equity (ROE)
  • 12.11%Retained earnings to average equity (YTD only)
  • 0.05%Net charge-offs to loans
  • 790.32%Credit loss provision to net charge-offs
  • 88.32%Efficiency ratio
  • 47,986Assets per employee
  • 2.09%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 37.91%Loss allowance to loans
  • 1.37%Loss allowance to noncurrent loans
  • 1138.37%Noncurrent assets plus other real estate owned to assets
  • 0.32%Noncurrent loans to loans
  • 0.12%Net loans and leases to deposits
  • 88.87%Net loans and leases to core deposits
  • 99.98%Equity capital to assets
  • 10.75%Core capital (leverage) ratio
  • 10.07%Tier 1 risk-based capital ratio
  • 11.24%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $79,152Average earning assets
  • $8,991Average equity
  • $72,713Average loans

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