FDIC Certificate #: 29058 Status: Active Federal Reserve ID: 768074 Date Established: January 01, 1923 WWW:http://www.fsbnw.com Trust Powers Granted: No Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 2841 FDIC's unique #: 41892 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: Commercial Lending Specialization Date of Deposit Insurance: May 06, 1935 Last Structure Change Effective Date: October 10, 2007 Last Structure Change Process Date: January 08, 2008 Last Data Update: January 08, 2008 Data Source Date: April 05, 2012
Location
Address: 201 Wells Avenue South, Renton, WA 98057 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
Name Change
Financial Summary
Total assets: $1,049.4 mil Equity capital: $146.6 mil Deposits held in domestic offices: $812.9 mil Return on assets (ROA): 0.41% ($4.3 mil) Quarterly return on assets: 0.39% ($4.1 mil) Return on Equity (ROE): 3.18% ($4.7 mil) Quarterly return on equity: 2.95% ($4.3 mil) Net income: $4.6 mil Quarterly Net income: $1.1 mil Pretax return on assets: 0.41% ($4,302.7 mil) Quarterly Pretax return on assets: 0.39% ($4,092.8 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
104Total employees (full-time equivalent)
$1,049,435Total assets
$164,761Cash and due from depository institutions
$160,141Interest-bearing balances
$129,002Securities
$0Federal funds sold & reverse repurchase agreements
$694,651Net loans & leases
$16,214Loan loss allowance
$0Trading account assets
$18,834Bank premises and fixed assets
$25,919Other real estate owned
$146Goodwill and other intangibles
$1,049,435Life insurance assets
$16,122All other assets
$902,851Total liabilities and capital
$812,864Total liabilities
$803,534Total deposits
$812,864Interest-bearing deposits
$91Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$83,066Trading liabilities
$0Other borrowed funds
$6,921Subordinated debt
$146,584All other liabilities
$146,584Total equity capital
$146,584Total bank equity capital
$0Perpetual preferred stock
$154Common stock
$124,871Surplus
$21,559Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$23,621Income earned, not collected on loans
$0Earning assets
$3,813Long-term assets (5+ years)
$983,794Average Assets, year-to-date
$438,902Average Assets, quarterly
$1,135,728Volatile liabilities
$1,089,866Insider loans
$621,711FHLB advances
$1,078,885Loans and leases held for sale
$2,374Unused loan commitments
$0Tier 1 (core) risk-based capital
$146,058Tier 2 risk-based capital
$2,374Total risk weighted assets
$0Total unused commitments
$8,402Restructured Loans and leases
$542Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$50,450Total interest income
$18,583Total interest expense
$31,867Net interest income
$4,595Provision for loan and lease losses
$312Total noninterest income
$0Fiduciary activities
$49Service charges on deposit accounts
$0Trading account gains & fees
$263Additional noninterest income
$25,208Total noninterest expense
$12,425Salaries and employee benefits
$1,519Premises and equipment expense
$11,264Additional noninterest expense
$2,376Pre-tax net operating income
$2,226Securities gains (losses)
$0Applicable income taxes
$4,602Income before extraordinary items
$0Extraordinary gains - net
$4,602Net income attributable to bank
$0Net charge-offs
$4,602Cash dividends
$10,583Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.75%Yield on earning assets
1.75%Cost of funding earning assets
3.00%Net interest margin
0.03%Noninterest income to earning assets
2.37%Noninterest expense to earning assets
0.21%Net operating income to assets
0.41%Return on assets (ROA)
0.41%Pretax return on assets
3.18%Return on equity (ROE)
3.18%Retained earnings to average equity (YTD only)
1.36%Net charge-offs to loans
43.42%Credit loss provision to net charge-offs
0.66%Efficiency ratio
78,337Assets per employee
10.09%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.28%Loss allowance to noncurrent loans
68.64%Noncurrent assets plus other real estate owned to assets
4.72%Noncurrent loans to loans
3.32%Net loans and leases to deposits
85.46%Net loans and leases to core deposits
105.01%Equity capital to assets
13.97%Core capital (leverage) ratio
13.54%Tier 1 risk-based capital ratio
23.49%Total risk-based capital ratio
Memoranda
$25Average assets
$1,135,728Average earning assets
$144,725Average equity
$1,063,076Average loans
List of branches
1 Washington Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
41892
First Savings Bank Northwest
201 Wells Avenue South, Renton, WA 98057
January 01, 1923
Full Service Brick and Mortar
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