Coastal Community Bank in Everett, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Coastal Community Bank in Everett, Washington (WA)
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Coastal Community Bank - Overview

  • General
  • FDIC Certificate #: 34403
    Status: Active
    Federal Reserve ID: 2562164
    Bank Holding Company (Regulatory Top Holder): Coastal Financial Corporation (RSSDID: 3203008, Location: Everett, WA)
    Date Established: April 01, 1997
    WWW: http://www.coastalbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 8 (Domestic: 8, Interstate: No)
    FDIC's unique #: 57166
    Numeric code: 13
    Regulator: FED
    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: April 01, 1997
    Last Structure Change Effective Date: July 01, 2008
    Last Structure Change Process Date: October 28, 2008
    Last Data Update: October 28, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 2817 Colby Avenue, Everett, WA 98201
    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
  • Change in Primary Regulatory Agency
    Change in Supervisory Agency
    Institution Becomes a Member of FRS (Federal Reserve System)
  • Financial Summary
  • Total assets: $297.1 mil
    Equity capital: $25.0 mil
    Deposits held in domestic offices: $264.2 mil
    Return on assets (ROA): 0.02% ($0.1 mil)
    Quarterly return on assets: 0.58% ($1.7 mil)
    Return on Equity (ROE): 0.21% ($0.1 mil)
    Quarterly return on equity: 6.83% ($1.7 mil)
    Net income: $0.1 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 0.02% ($59.4 mil)
    Quarterly Pretax return on assets: 0.58% ($1,723.0 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
  • 76Total employees (full-time equivalent)
  • $297,075Total assets
  • $39,798Cash and due from depository institutions
  • $35,218Interest-bearing balances
  • $17,944Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $216,190Net loans & leases
  • $3,343Loan loss allowance
  • $0Trading account assets
  • $4,220Bank premises and fixed assets
  • $6,056Other real estate owned
  • $0Goodwill and other intangibles
  • $297,075Life insurance assets
  • $12,867All other assets
  • $272,077Total liabilities and capital
  • $264,237Total liabilities
  • $208,378Total deposits
  • $264,237Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,000Trading liabilities
  • $0Other borrowed funds
  • $1,840Subordinated debt
  • $24,998All other liabilities
  • $24,998Total equity capital
  • $24,998Total bank equity capital
  • $0Perpetual preferred stock
  • $8,768Common stock
  • $22,051Surplus
  • $-5,821Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,696Income earned, not collected on loans
  • $0Earning assets
  • $806Long-term assets (5+ years)
  • $269,352Average Assets, year-to-date
  • $50,057Average Assets, quarterly
  • $264,414Volatile liabilities
  • $290,227Insider loans
  • $227,807FHLB advances
  • $286,031Loans and leases held for sale
  • $5,361Unused loan commitments
  • $5,361Tier 1 (core) risk-based capital
  • $21,948Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $27,651Restructured Loans and leases
  • $6,399Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,971Total interest income
  • $2,183Total interest expense
  • $9,788Net interest income
  • $1,080Provision for loan and lease losses
  • $1,135Total noninterest income
  • $0Fiduciary activities
  • $459Service charges on deposit accounts
  • $0Trading account gains & fees
  • $676Additional noninterest income
  • $9,846Total noninterest expense
  • $4,731Salaries and employee benefits
  • $1,581Premises and equipment expense
  • $3,534Additional noninterest expense
  • -$3Pre-tax net operating income
  • $53Securities gains (losses)
  • $0Applicable income taxes
  • $50Income before extraordinary items
  • $0Extraordinary gains - net
  • $50Net income attributable to bank
  • $0Net charge-offs
  • $50Cash dividends
  • $2,003Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.01%Yield on earning assets
  • 0.91%Cost of funding earning assets
  • 4.10%Net interest margin
  • 0.47%Noninterest income to earning assets
  • 4.12%Noninterest expense to earning assets
  • -0.00%Net operating income to assets
  • 0.02%Return on assets (ROA)
  • 0.02%Pretax return on assets
  • 0.21%Return on equity (ROE)
  • 0.21%Retained earnings to average equity (YTD only)
  • 1.03%Net charge-offs to loans
  • 53.92%Credit loss provision to net charge-offs
  • 0.54%Efficiency ratio
  • 90,140Assets per employee
  • 3.91%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.52%Loss allowance to noncurrent loans
  • 124.00%Noncurrent assets plus other real estate owned to assets
  • 2.95%Noncurrent loans to loans
  • 1.23%Net loans and leases to deposits
  • 81.82%Net loans and leases to core deposits
  • 84.62%Equity capital to assets
  • 8.41%Core capital (leverage) ratio
  • 7.67%Tier 1 risk-based capital ratio
  • 9.63%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $264,414Average earning assets
  • $23,523Average equity
  • $238,990Average loans

List of branches

  • 8 Washington Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    057166Coastal Community Bank2817 Colby Avenue, Everett, WA 98201April 01, 1997Full Service Brick and Mortar
    1359025Sky Valley Branch425 Main Street, Sultan, WA 98294October 10, 2000Full Service Brick and Mortar
    2361759Monroe Branch19351 Hwy 2, Monroe, WA 98272June 11, 2001Full Service Brick and Mortar
    3431988South Whidbey Branch1737 Main Street, Freeland, WA 98249September 07, 2004Full Service Brick and Mortar
    4433279Stanwood Branch9810 State Rt 532, Stanwood, WA 98292December 06, 2004Full Service Brick and Mortar
    5439393Camano Branch818 N Sunrise Blvd, Camano Island, WA 98292March 28, 2005Full Service Brick and Mortar
    6446240Darrington Branch1210 Sr530 Ne, Darrington, WA 98241August 22, 2005Full Service Brick and Mortar
    8492916Silver Lake Branch10520 19th Avenue Se, Everett, WA 98208Febuary 20, 2009Full Service Brick and Mortar

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