Core Business Bank in Bellevue, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches


Core Business Bank - Overview

  • General
  • FDIC Certificate #: 58720
    Status: Active
    Federal Reserve ID: 3716982
    Date Established: March 12, 2008
    WWW: http://www.corebusinessbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 464010
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: March 12, 2008
    Last Structure Change Effective Date: March 10, 2009
    Last Structure Change Process Date: March 10, 2009
    Last Data Update: March 10, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 333 108th Avenue Ne, Suite #100, Bellevue, WA 98004
    County: King
    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
  • Corrections
    Change in Location
  • Financial Summary
  • Total assets: $55.4 mil
    Equity capital: $6.3 mil
    Deposits held in domestic offices: $48.6 mil
    Return on assets (ROA): -2.08% (-$1.1 mil)
    Quarterly return on assets: -1.23% (-$0.7 mil)
    Return on Equity (ROE): -17.75% (-$1.1 mil)
    Quarterly return on equity: -10.43% (-$0.6 mil)
    Net income: -$1.1 mil
    Quarterly Net income: -$0.2 mil
    Pretax return on assets: -2.08% (-$1,151.4 mil)
    Quarterly Pretax return on assets: -1.23% (-$680.9 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
  • 12Total employees (full-time equivalent)
  • $55,354Total assets
  • $8,914Cash and due from depository institutions
  • $4,930Interest-bearing balances
  • $7,925Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $37,099Net loans & leases
  • $688Loan loss allowance
  • $0Trading account assets
  • $772Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $55,354Life insurance assets
  • $644All other assets
  • $49,040Total liabilities and capital
  • $48,623Total liabilities
  • $37,292Total deposits
  • $48,623Interest-bearing deposits
  • $77Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $417Subordinated debt
  • $6,314All other liabilities
  • $6,314Total equity capital
  • $6,314Total bank equity capital
  • $0Perpetual preferred stock
  • $1,663Common stock
  • $13,860Surplus
  • $-9,209Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $529Income earned, not collected on loans
  • $0Earning assets
  • $179Long-term assets (5+ years)
  • $49,954Average Assets, year-to-date
  • $16,511Average Assets, quarterly
  • $53,179Volatile liabilities
  • $54,316Insider loans
  • $27,596FHLB advances
  • $54,348Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $6,180Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,793Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,031Total interest income
  • $397Total interest expense
  • $1,634Net interest income
  • $305Provision for loan and lease losses
  • $145Total noninterest income
  • $0Fiduciary activities
  • $63Service charges on deposit accounts
  • $0Trading account gains & fees
  • $82Additional noninterest income
  • $2,585Total noninterest expense
  • $1,149Salaries and employee benefits
  • $503Premises and equipment expense
  • $933Additional noninterest expense
  • -$1,111Pre-tax net operating income
  • $6Securities gains (losses)
  • $0Applicable income taxes
  • -$1,105Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,105Net income attributable to bank
  • $0Net charge-offs
  • -$1,105Cash dividends
  • $552Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.16%Yield on earning assets
  • 0.81%Cost of funding earning assets
  • 3.35%Net interest margin
  • 0.30%Noninterest income to earning assets
  • 5.29%Noninterest expense to earning assets
  • -2.09%Net operating income to assets
  • -2.08%Return on assets (ROA)
  • -2.08%Pretax return on assets
  • -17.75%Return on equity (ROE)
  • -17.75%Retained earnings to average equity (YTD only)
  • 2.04%Net charge-offs to loans
  • 55.25%Credit loss provision to net charge-offs
  • -1.46%Efficiency ratio
  • 145,306Assets per employee
  • 4.61%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.82%Loss allowance to noncurrent loans
  • 130.06%Noncurrent assets plus other real estate owned to assets
  • 0.96%Noncurrent loans to loans
  • 1.40%Net loans and leases to deposits
  • 76.30%Net loans and leases to core deposits
  • 86.68%Equity capital to assets
  • 11.41%Core capital (leverage) ratio
  • 11.37%Tier 1 risk-based capital ratio
  • 22.39%Total risk-based capital ratio
  • Memoranda
  • $24Average assets
  • $53,179Average earning assets
  • $6,227Average equity
  • $48,830Average loans

List of branches

  • 1 Washington Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0464010Core Business Bank333 108th Avenue Ne, Suite #100, Bellevue, WA 98004March 12, 2008Full Service Brick and Mortar

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