First Savings Bank Northwest in Renton, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches


First Savings Bank Northwest - Overview

  • General
  • 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
  • NoIDNameAddressEstablishedService TypeMap
    041892First Savings Bank Northwest201 Wells Avenue South, Renton, WA 98057January 01, 1923Full Service Brick and Mortar

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