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

Cashmere Valley Bank - Overview

  • General
  • FDIC Certificate #: 1265
    Status: Active
    Federal Reserve ID: 574976
    Bank Holding Company (Regulatory Top Holder): Cashmere Valley Financial Corporation (RSSDID: 3327025, Location: Cashmere, WA)
    Date Established: September 24, 1932
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 12 (Domestic: 12, Interstate: No)
    OTS Docket #: 11548
    FDIC's unique #: 860
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: December 01, 2006
    Last Structure Change Process Date: December 01, 2006
    Last Data Update: December 01, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 117 Aplets Way, Cashmere, WA 98815
    County: Chelan
    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
    Core Based Statistical Area (CBSA): Wenatchee-East Wenatchee, WA (#48300)
    CBSA Metro Statistical Area: Wenatchee-East Wenatchee, WA (#48300)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $1,176.0 mil
    Equity capital: $110.2 mil
    Deposits held in domestic offices: $1,042.7 mil
    Return on assets (ROA): 1.08% ($12.7 mil)
    Quarterly return on assets: 0.86% ($10.1 mil)
    Return on Equity (ROE): 11.84% ($13.0 mil)
    Quarterly return on equity: 9.22% ($10.1 mil)
    Net income: $12.3 mil
    Quarterly Net income: $2.5 mil
    Pretax return on assets: 1.30% ($15,288.6 mil)
    Quarterly Pretax return on assets: 1.00% ($11,760.5 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
  • 210Total employees (full-time equivalent)
  • $1,176,049Total assets
  • $39,452Cash and due from depository institutions
  • $30,228Interest-bearing balances
  • $504,557Securities
  • $9,353Federal funds sold & reverse repurchase agreements
  • $574,863Net loans & leases
  • $12,150Loan loss allowance
  • $0Trading account assets
  • $11,656Bank premises and fixed assets
  • $1,312Other real estate owned
  • $9,097Goodwill and other intangibles
  • $1,176,049Life insurance assets
  • $25,759All other assets
  • $1,065,837Total liabilities and capital
  • $1,042,731Total liabilities
  • $946,861Total deposits
  • $1,042,731Interest-bearing deposits
  • $82Deposits held in domestic offices
  • 4891.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,687Trading liabilities
  • $0Other borrowed funds
  • $14,528Subordinated debt
  • $110,212All other liabilities
  • $110,212Total equity capital
  • $110,212Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $110,212Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,538Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,829Income earned, not collected on loans
  • $138Earning assets
  • $5,027Long-term assets (5+ years)
  • $1,119,001Average Assets, year-to-date
  • $337,251Average Assets, quarterly
  • $1,141,663Volatile liabilities
  • $1,174,010Insider loans
  • $658,378FHLB advances
  • $1,158,650Loans and leases held for sale
  • $11,687Unused loan commitments
  • $11,687Tier 1 (core) risk-based capital
  • $93,673Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $126,533Restructured Loans and leases
  • $16,706Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $46,583Total interest income
  • $13,540Total interest expense
  • $33,043Net interest income
  • $8,700Provision for loan and lease losses
  • $9,015Total noninterest income
  • $0Fiduciary activities
  • $1,086Service charges on deposit accounts
  • $0Trading account gains & fees
  • $7,929Additional noninterest income
  • $24,149Total noninterest expense
  • $12,091Salaries and employee benefits
  • $2,940Premises and equipment expense
  • $9,118Additional noninterest expense
  • $9,209Pre-tax net operating income
  • $5,654Securities gains (losses)
  • $2,551Applicable income taxes
  • $12,312Income before extraordinary items
  • $0Extraordinary gains - net
  • $12,312Net income attributable to bank
  • $0Net charge-offs
  • $12,312Cash dividends
  • $10,125Sale, conversion, retirement of capital stock, net
  • $3,064Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.29%Yield on earning assets
  • 1.25%Cost of funding earning assets
  • 3.05%Net interest margin
  • 0.83%Noninterest income to earning assets
  • 2.23%Noninterest expense to earning assets
  • 0.67%Net operating income to assets
  • 1.08%Return on assets (ROA)
  • 1.30%Pretax return on assets
  • 11.84%Return on equity (ROE)
  • 8.90%Retained earnings to average equity (YTD only)
  • 1.74%Net charge-offs to loans
  • 85.93%Credit loss provision to net charge-offs
  • 1.77%Efficiency ratio
  • 57,418Assets per employee
  • 5.60%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 24.89%Loss allowance to loans
  • 2.07%Loss allowance to noncurrent loans
  • 208.44%Noncurrent assets plus other real estate owned to assets
  • 0.61%Noncurrent loans to loans
  • 0.99%Net loans and leases to deposits
  • 55.13%Net loans and leases to core deposits
  • 57.02%Equity capital to assets
  • 9.37%Core capital (leverage) ratio
  • 8.08%Tier 1 risk-based capital ratio
  • 14.23%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $1,141,663Average earning assets
  • $103,946Average equity
  • $1,084,631Average loans

List of branches

  • 12 Washington Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0860Cashmere Valley Bank117 Aplets Way, Cashmere, WA 98815September 24, 1932Full Service Brick and Mortar
    1189110Wenatchee Branch1108 Maple Street, Wenatchee, WA 98801Febuary 01, 1977Full Service Brick and Mortar
    2189111Leavenworth Branch980 Highway 2, Leavenworth, WA 98826Febuary 09, 1978Full Service Brick and Mortar
    332119East Wenatchee Branch199 Valley Mall Parkway, East Wenatchee, WA 98802December 31, 1984Full Service Brick and Mortar
    4189112Chelan Street Branch124 South Chelan Street, Wenatchee, WA 98801September 14, 1987Full Service Brick and Mortar
    5189113Easy Street Branch127 Easy Street, Wenatchee, WA 98801Febuary 10, 1992Full Service Brick and Mortar
    6418619Financial Center124 E. Penny Rd., Wenatchee, WA 98801March 03, 2003Full Service Brick and Mortar
    7426548Cle Elum803 W. 1st Street, Cle Elum, WA 98922Febuary 26, 2004Full Service Brick and Mortar
    847814Ellensburg Branch101 University Way, Ellensburg, WA 98926October 23, 1992Full Service Brick and Mortar
    9446129Chelan107 N Emerson, Unit 140-2a, Chelan, WA 98816November 15, 2005
    10453395Lake Chelan Branch329 E. Woodin Avenue, Chelan, WA 98816September 30, 2005Full Service Brick and Mortar
    11510576Yakima Branch5802 Summitview Ave., Yakima, WA 98908June 01, 2010Full Service Brick and Mortar

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