First Mutual Bank in Bellevue, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 01, 2008

  • First Mutual Bank in Bellevue, Washington (WA)
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First Mutual Bank - Overview

  • General
  • FDIC Certificate #: 19835
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Washington Federal (#28088)
    Federal Reserve ID: 564771
    Date Established: July 01, 1968
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 12 (Interstate: No)
    OTS Docket #: 5572
    FDIC's unique #: 13628
    Numeric code: 41
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: July 01, 1968
    Last Structure Change Effective Date: Febuary 01, 2008
    Last Structure Change Process Date: March 28, 2008
    Last Data Update: March 28, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 400 108th Avenue, N.E., 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)
  • Financial Summary
  • Total assets: $1,026.2 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, 2007)

  • Dollar figures in thousands
  • 196Total employees (full-time equivalent)
  • $1,026,179Total assets
  • $15,461Cash and due from depository institutions
  • $52Interest-bearing balances
  • $10,767Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $925,535Net loans & leases
  • $11,056Loan loss allowance
  • $12,982Trading account assets
  • $35,120Bank premises and fixed assets
  • $649Other real estate owned
  • $4,552Goodwill and other intangibles
  • $0Life insurance assets
  • $21,113All other assets
  • $1,026,179Total liabilities and capital
  • $940,079Total liabilities
  • $763,963Total deposits
  • $701,390Interest-bearing deposits
  • $763,963Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $169,227Other borrowed funds
  • $0Subordinated debt
  • $6,889All other liabilities
  • $86,100Total equity capital
  • $86,100Total bank equity capital
  • $86,100Perpetual preferred stock
  • $0Common stock
  • $4,681Surplus
  • $42,478Undivided profits
  • Memoranda
  • $38,941Noncurrent loans and leases
  • $256,129Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $6,936Earning assets
  • $0Long-term assets (5+ years)
  • $5,460Average Assets, year-to-date
  • $949,336Average Assets, quarterly
  • $234,478Volatile liabilities
  • $1,040,934Insider loans
  • $1,021,356FHLB advances
  • $303,498Loans and leases held for sale
  • $0Unused loan commitments
  • $169,227Tier 1 (core) risk-based capital
  • $8,958Tier 2 risk-based capital
  • $39,008Total risk weighted assets
  • $256,129Total unused commitments
  • $11Restructured Loans and leases
  • $10,252Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $78,171Total interest income
  • $38,631Total interest expense
  • $39,540Net interest income
  • $2,300Provision for loan and lease losses
  • $5,833Total noninterest income
  • $0Fiduciary activities
  • $777Service charges on deposit accounts
  • $185Trading account gains & fees
  • $4,871Additional noninterest income
  • $28,205Total noninterest expense
  • $16,357Salaries and employee benefits
  • $2,775Premises and equipment expense
  • $9,073Additional noninterest expense
  • $14,868Pre-tax net operating income
  • $0Securities gains (losses)
  • $4,938Applicable income taxes
  • $9,930Income before extraordinary items
  • $0Extraordinary gains - net
  • $9,930Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $972Sale, conversion, retirement of capital stock, net
  • $13,485Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.12%Yield on earning assets
  • 4.01%Cost of funding earning assets
  • 4.11%Net interest margin
  • 0.61%Noninterest income to earning assets
  • 2.93%Noninterest expense to earning assets
  • 0.95%Net operating income to assets
  • 0.95%Return on assets (ROA)
  • 1.43%Pretax return on assets
  • 11.18%Return on equity (ROE)
  • -4.00%Retained earnings to average equity (YTD only)
  • 0.11%Net charge-offs to loans
  • 236.63%Credit loss provision to net charge-offs
  • 17.66%Efficiency ratio
  • 62,163Assets per employee
  • 5.24%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 135.80%Loss allowance to loans
  • 1.18%Loss allowance to noncurrent loans
  • 159.40%Noncurrent assets plus other real estate owned to assets
  • 0.74%Noncurrent loans to loans
  • 0.74%Net loans and leases to deposits
  • 121.15%Net loans and leases to core deposits
  • 167.91%Equity capital to assets
  • 8.39%Core capital (leverage) ratio
  • 8.51%Tier 1 risk-based capital ratio
  • 10.51%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $1,040,934Average earning assets
  • $88,790Average equity
  • $962,450Average loans

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