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

This bank is inactive as of January 15, 1993

  • Bellingham Bank in Bellingham, Washington (WA)
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Bellingham Bank - Overview

  • General
  • FDIC Certificate #: 22349
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: KeyBank National Association (#11979)
    Federal Reserve ID: 384474
    Date Established: November 01, 1976
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 17 (Interstate: No)
    FDIC's unique #: 15557
    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: November 01, 1976
    Last Structure Change Effective Date: January 15, 1993
    Last Structure Change Process Date: January 26, 1993
    Last Data Update: January 26, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 101 East Holly Street, 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: $438.5 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $238Total assets
  • $438,494Cash and due from depository institutions
  • $37,043Interest-bearing balances
  • $0Securities
  • $40,002Federal funds sold & reverse repurchase agreements
  • $19,700Net loans & leases
  • $320,908Loan loss allowance
  • $4,133Trading account assets
  • $0Bank premises and fixed assets
  • $10,076Other real estate owned
  • $434Goodwill and other intangibles
  • $7,846Life insurance assets
  • $2,485All other assets
  • $0Total liabilities and capital
  • $438,494Total liabilities
  • $406,884Total deposits
  • $398,936Interest-bearing deposits
  • $320,545Deposits held in domestic offices
  • 398936.00%% insured (estimated)
  • $83Federal funds purchased & repurchase agreements
  • $4,229Trading liabilities
  • $0Other borrowed funds
  • $2,366Subordinated debt
  • $0All other liabilities
  • $1,353Total equity capital
  • $1,353Total bank equity capital
  • $31,610Perpetual preferred stock
  • $0Common stock
  • $968Surplus
  • $14,740Undivided profits
  • Memoranda
  • $15,902Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,430Income earned, not collected on loans
  • $2,489Earning assets
  • $380,610Long-term assets (5+ years)
  • $54,251Average Assets, year-to-date
  • $429,309Average Assets, quarterly
  • $437,853Volatile liabilities
  • $30,906Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $53,982Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $29,125Total risk weighted assets
  • $363,514Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $34,700Total interest expense
  • $13,807Net interest income
  • $20,893Provision for loan and lease losses
  • $3,130Total noninterest income
  • $6,991Fiduciary activities
  • $0Service charges on deposit accounts
  • $2,672Trading account gains & fees
  • $0Additional noninterest income
  • $4,319Total noninterest expense
  • $17,702Salaries and employee benefits
  • $7,627Premises and equipment expense
  • $2,345Additional noninterest expense
  • $7,730Pre-tax net operating income
  • $7,052Securities gains (losses)
  • $2Applicable income taxes
  • $2,123Income before extraordinary items
  • $4,931Extraordinary gains - net
  • $0Net income attributable to bank
  • $4,931Net charge-offs
  • $3,794Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 9.23%Cost of funding earning assets
  • 3.67%Net interest margin
  • 5.56%Noninterest income to earning assets
  • 1.86%Noninterest expense to earning assets
  • 4.71%Net operating income to assets
  • 1.15%Return on assets (ROA)
  • 1.15%Pretax return on assets
  • 1.64%Return on equity (ROE)
  • 16.91%Retained earnings to average equity (YTD only)
  • 16.91%Net charge-offs to loans
  • 1.16%Credit loss provision to net charge-offs
  • 82.50%Efficiency ratio
  • 60,547Assets per employee
  • 1.84%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.27%Loss allowance to noncurrent loans
  • 170.08%Noncurrent assets plus other real estate owned to assets
  • 0.65%Noncurrent loans to loans
  • 0.75%Net loans and leases to deposits
  • 80.44%Net loans and leases to core deposits
  • 85.69%Equity capital to assets
  • 7.21%Core capital (leverage) ratio
  • 6.83%Tier 1 risk-based capital ratio
  • 8.01%Total risk-based capital ratio
  • Memoranda
  • $9Average assets
  • $429,309Average earning assets
  • $29,153Average equity
  • $375,989Average loans

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