First Federal Savings and Loan Association of Port Angeles in Port Angeles, Washington (WA)

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First Federal Savings and Loan Association of Port Angeles routing number info

Table of contents:
First Federal Savings and Loan Association of Port Angeles
GeneralFDIC Certificate #: 28405
Status: Active
Federal Reserve ID: 403179
Date Established: January 01, 1923
Trust Powers Granted: No
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 8 (Domestic: 8, Interstate: No)
OTS Docket #: 1528
FDIC's unique #: 41239
Numeric code: 42
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: 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: Mortgage Lending Specialization
Date of Deposit Insurance: March 01, 1935
Last Structure Change Effective Date: November 30, 2011
Last Structure Change Process Date: January 18, 2012
Last Data Update: January 18, 2012
Data Source Date: April 05, 2012
LocationAddress: 105 W. 8th Street, Port Angeles, WA 98362
County: Clallam
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): Port Angeles, WA (#38820)
CBSA Micro Statistical Area: Yes
History of ChangesChange in Primary Regulatory Agency
Change in Supervisory Agency
Change in Chartering Agent
Financial SummaryTotal assets: $764.3 mil
Equity capital: $77.1 mil
Deposits held in domestic offices: $581.6 mil
Return on assets (ROA): 0.15% ($1.1 mil)
Quarterly return on assets: -0.02% (-$0.2 mil)
Return on Equity (ROE): 1.43% ($1.1 mil)
Quarterly return on equity: -0.18% (-$0.1 mil)
Net income: $1.1 mil
Quarterly Net income: -$0.0 mil
Pretax return on assets: 0.14% ($1,070.0 mil)
Quarterly Pretax return on assets: -0.13% (-$993.6 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)
Total employees (full-time equivalent)153
Total assets$764,287
Cash and due from depository institutions$30,665
Interest-bearing balances$18,747
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$416,521
Loan loss allowance $4,936
Trading account assets$0
Bank premises and fixed assets$12,725
Other real estate owned$4,447
Goodwill and other intangibles$2,237
All other assets$33,206
Life insurance assets$764,287
Total liabilities and capital$687,186
Total liabilities$581,568
Total deposits$535,552
Interest-bearing deposits$581,568
Deposits held in domestic offices$93
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$100,033
Other borrowed funds $0
Subordinated debt $5,585
All other liabilities $77,101
Total equity capital$77,101
Total bank equity capital$77,101
Perpetual preferred stock$0
Common stock$0
Undivided profits $77,101
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $1,505
Income earned, not collected on loans $8,960
Earning assets $0
Long-term assets (5+ years) $2,501
Average Assets, year-to-date $699,754
Average Assets, quarterly $316,083
Volatile liabilities $753,557
Insider loans $761,033
FHLB advances $379,459
Loans and leases held for sale $758,591
Unused loan commitments $17,210
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $76,366
Total risk weighted assets $17,210
Total unused commitments $0
Restructured Loans and leases $44,621
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $28,058
Total interest expense $7,656
Net interest income $20,402
Provision for loan and lease losses $3,207
Total noninterest income $3,092
Fiduciary activities $0
Service charges on deposit accounts $1,612
Trading account gains & fees $0
Additional noninterest income $1,480
Total noninterest expense $19,191
Salaries and employee benefits $9,273
Premises and equipment expense $2,386
Additional noninterest expense $7,532
Pre-tax net operating income $1,096
Securities gains (losses) -$19
Applicable income taxes -$17
Income before extraordinary items $1,094
Extraordinary gains - net $0
Net income attributable to bank $1,094
Net charge-offs $0
Cash dividends $1,094
Sale, conversion, retirement of capital stock, net $1,773
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.05%
Cost of funding earning assets 1.11%
Net interest margin 2.94%
Noninterest income to earning assets 0.45%
Noninterest expense to earning assets 2.77%
Net operating income to assets 0.15%
Return on assets (ROA) 0.15%
Pretax return on assets 0.14%
Return on equity (ROE) 1.43%
Retained earnings to average equity (YTD only) 1.43%
Net charge-offs to loans 0.41%
Credit loss provision to net charge-offs 180.88%
Efficiency ratio2.43%
Assets per employee$81,663
Cash dividends to net income (YTD only)5.00%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.17%
Noncurrent assets plus other real estate owned to assets 55.09%
Noncurrent loans to loans 1.75%
Net loans and leases to deposits2.13%
Net loans and leases to core deposits 71.62%
Equity capital to assets 75.75%
Core capital (leverage) ratio 10.09%
Tier 1 risk-based capital ratio 10.07%
Total risk-based capital ratio 20.12%
Average assets$21
Average earning assets$753,557
Average equity $76,559
Average loans $692,771
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8 Washington Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
041239First Federal Savings And Loan Assoc105 W. 8th Street, Port Angeles, WA 98362January 01, 1923Full Service Brick and Mortar
1267229Sequim Avenue Branch333 North Sequim Avenue, Sequim, WA 98382January 01, 1923Full Service Brick and Mortar
2267230Eastside Branch1603 East First Street, Port Angeles, WA 98362January 01, 1923Full Service Brick and Mortar
100267231Sixth Street Branch227 East 6th Street, Port Angeles, WA 98362January 01, 1923Full Service Brick and Mortar
101267232Sequim Village Branch645 West Washington Street, Sequim, WA 98382January 01, 1923Full Service Brick and Mortar
102267233Forks Branch215 Calawah Way, Forks, WA 98331January 01, 1923Full Service Brick and Mortar
103267234Downtown Branch141 West First Street, Port Angeles, WA 98362December 31, 1988Full Service Brick and Mortar
104267235Port Townsend Branch1321 Sims Way, Port Townsend, WA 98368November 30, 1989Full Service Brick and Mortar
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