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

This bank is inactive as of April 16, 2010

  • City Bank in Lynnwood, Washington (WA)
  • Show street view No street view available for this location

City Bank - Overview

  • General
  • FDIC Certificate #: 21521
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Whidbey Island Bank (#18412)
    Federal Reserve ID: 456474
    Date Established: April 15, 1974
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Interstate: No)
    OTS Docket #: 8786
    FDIC's unique #: 14884
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: April 15, 1974
    Last Structure Change Effective Date: April 16, 2010
    Last Structure Change Process Date: April 20, 2010
    Last Data Update: April 20, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 14807 Hwy 99, Lynnwood, WA 98087
    County: Snohomish
    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): Seattle-Bellevue-Everett, WA (#7600)
    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: Seattle-Bellevue-Everett, WA (#42644)
  • History of Changes
  • Absorption - Assisted
    Corrections
  • Financial Summary
  • Total assets: $981.9 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, 2009)

  • Dollar figures in thousands
  • 157Total employees (full-time equivalent)
  • $1,114,261Total assets
  • $13,982Cash and due from depository institutions
  • $2,326Interest-bearing balances
  • $113,049Securities
  • $163,000Federal funds sold & reverse repurchase agreements
  • $568,062Net loans & leases
  • $15,671Loan loss allowance
  • $0Trading account assets
  • $4,647Bank premises and fixed assets
  • $178,272Other real estate owned
  • $149Goodwill and other intangibles
  • $0Life insurance assets
  • $73,100All other assets
  • $1,114,261Total liabilities and capital
  • $1,092,671Total liabilities
  • $1,020,494Total deposits
  • $990,906Interest-bearing deposits
  • $1,020,494Deposits held in domestic offices
  • 98.41%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $65,170Other borrowed funds
  • $0Subordinated debt
  • $7,007All other liabilities
  • $21,590Total equity capital
  • $21,590Total bank equity capital
  • $21,590Perpetual preferred stock
  • $0Common stock
  • $15,764Surplus
  • $39,175Undivided profits
  • Memoranda
  • $-33,349Noncurrent loans and leases
  • $43,125Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $190,931Earning assets
  • $239Long-term assets (5+ years)
  • $1,749Average Assets, year-to-date
  • $846,437Average Assets, quarterly
  • $9,041Volatile liabilities
  • $1,263,932Insider loans
  • $1,166,809FHLB advances
  • $241,830Loans and leases held for sale
  • $219Unused loan commitments
  • $65,000Tier 1 (core) risk-based capital
  • $21,410Tier 2 risk-based capital
  • $5,887Total risk weighted assets
  • $43,125Total unused commitments
  • $0Restructured Loans and leases
  • $11,650Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $39,936Total interest income
  • $36,052Total interest expense
  • $3,884Net interest income
  • $105,598Provision for loan and lease losses
  • $2,812Total noninterest income
  • $0Fiduciary activities
  • $352Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,460Additional noninterest income
  • $67,776Total noninterest expense
  • $5,946Salaries and employee benefits
  • $2,336Premises and equipment expense
  • $59,494Additional noninterest expense
  • -$166,678Pre-tax net operating income
  • $0Securities gains (losses)
  • -$47,178Applicable income taxes
  • -$119,500Income before extraordinary items
  • $0Extraordinary gains - net
  • -$119,500Net income attributable to bank
  • $0Net charge-offs
  • -$119,500Cash dividends
  • $124,916Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.72%Yield on earning assets
  • 3.36%Cost of funding earning assets
  • 0.36%Net interest margin
  • 0.26%Noninterest income to earning assets
  • 6.32%Noninterest expense to earning assets
  • -9.45%Net operating income to assets
  • -9.45%Return on assets (ROA)
  • -13.19%Pretax return on assets
  • -124.24%Return on equity (ROE)
  • -124.24%Retained earnings to average equity (YTD only)
  • 13.93%Net charge-offs to loans
  • 84.54%Credit loss provision to net charge-offs
  • -0.49%Efficiency ratio
  • 1,012,186Assets per employee
  • 7.10%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.68%Loss allowance to noncurrent loans
  • 8.21%Noncurrent assets plus other real estate owned to assets
  • 33.13%Noncurrent loans to loans
  • 32.71%Net loans and leases to deposits
  • 55.67%Net loans and leases to core deposits
  • 67.32%Equity capital to assets
  • 1.94%Core capital (leverage) ratio
  • 1.80%Tier 1 risk-based capital ratio
  • 2.32%Total risk-based capital ratio
  • Memoranda
  • $4Average assets
  • $1,263,932Average earning assets
  • $96,187Average equity
  • $1,072,912Average loans

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