FDIC Certificate #: 34261 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:EverTrust Bank (#27070) Federal Reserve ID: 2424860 Date Established: September 03, 1996 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) OTS Docket #: 15623 FDIC's unique #: 57020 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: September 03, 1996 Last Structure Change Effective Date: Febuary 01, 2001 Last Structure Change Process Date: April 24, 2001 Last Data Update: April 24, 2001 Data Source Date: April 05, 2012
Location
Address: 2707 Colby Avenue, Suite 715, 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)
Financial Summary
Total assets: $29.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
12Total employees (full-time equivalent)
$29,800Total assets
$3,390Cash and due from depository institutions
$204Interest-bearing balances
$3,268Securities
$0Federal funds sold & reverse repurchase agreements
$22,664Net loans & leases
$336Loan loss allowance
$0Trading account assets
$219Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$259All other assets
$29,800Total liabilities and capital
$24,551Total liabilities
$23,037Total deposits
$17,800Interest-bearing deposits
$23,037Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,250Other borrowed funds
$0Subordinated debt
$264All other liabilities
$5,249Total equity capital
$5,249Total bank equity capital
$5,249Perpetual preferred stock
$0Common stock
$101Surplus
$5,699Undivided profits
Memoranda
$-551Noncurrent loans and leases
$7,697Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$140Average Assets, year-to-date
$26,136Average Assets, quarterly
$5,950Volatile liabilities
$26,885Insider loans
$28,732FHLB advances
$6,028Loans and leases held for sale
$1,037Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$7,697Total unused commitments
$0Restructured Loans and leases
$333Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$2,276Total interest income
$872Total interest expense
$1,404Net interest income
$102Provision for loan and lease losses
$123Total noninterest income
$0Fiduciary activities
$50Service charges on deposit accounts
$0Trading account gains & fees
$73Additional noninterest income
$1,280Total noninterest expense
$694Salaries and employee benefits
$173Premises and equipment expense
$413Additional noninterest expense
$145Pre-tax net operating income
$0Securities gains (losses)
$51Applicable income taxes
$94Income before extraordinary items
$0Extraordinary gains - net
$94Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$9Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.28%Yield on earning assets
3.56%Cost of funding earning assets
5.73%Net interest margin
0.50%Noninterest income to earning assets
5.22%Noninterest expense to earning assets
0.35%Net operating income to assets
0.35%Return on assets (ROA)
0.54%Pretax return on assets
1.82%Return on equity (ROE)
1.82%Retained earnings to average equity (YTD only)
0.04%Net charge-offs to loans
1133.33%Credit loss provision to net charge-offs
27.44%Efficiency ratio
83,824Assets per employee
2.48%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.46%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
98.38%Net loans and leases to core deposits
127.62%Equity capital to assets
17.61%Core capital (leverage) ratio
19.41%Tier 1 risk-based capital ratio
19.71%Total risk-based capital ratio
Memoranda
$21Average assets
$26,885Average earning assets
$5,167Average equity
$24,517Average loans
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