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

Foundation Bank - Overview

  • General
  • FDIC Certificate #: 35566
    Status: Active
    Federal Reserve ID: 2941509
    Bank Holding Company (Regulatory Top Holder): Foundation Bancorp, Inc. (RSSDID: 3170454, Location: Bellevue, WA)
    Date Established: September 19, 2000
    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 #: 81677
    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: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: September 19, 2000
    Last Structure Change Effective Date: November 24, 2008
    Last Structure Change Process Date: November 25, 2008
    Last Data Update: November 25, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 1110 112th Avenue Ne, Suite 200, 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
  • Change in Location
  • Financial Summary
  • Total assets: $321.8 mil
    Equity capital: $34.2 mil
    Deposits held in domestic offices: $285.2 mil
    Return on assets (ROA): -0.51% (-$1.6 mil)
    Quarterly return on assets: -0.22% (-$0.7 mil)
    Return on Equity (ROE): -5.84% (-$2.0 mil)
    Quarterly return on equity: -2.30% (-$0.8 mil)
    Net income: -$1.8 mil
    Quarterly Net income: -$0.2 mil
    Pretax return on assets: -0.51% (-$1,641.4 mil)
    Quarterly Pretax return on assets: -0.22% (-$708.1 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
  • 52Total employees (full-time equivalent)
  • $321,845Total assets
  • $21,104Cash and due from depository institutions
  • $10,831Interest-bearing balances
  • $34,197Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $254,419Net loans & leases
  • $11,641Loan loss allowance
  • $0Trading account assets
  • $629Bank premises and fixed assets
  • $6,824Other real estate owned
  • $0Goodwill and other intangibles
  • $321,845Life insurance assets
  • $4,672All other assets
  • $287,627Total liabilities and capital
  • $285,209Total liabilities
  • $231,000Total deposits
  • $285,209Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 1462.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $956Subordinated debt
  • $34,218All other liabilities
  • $34,218Total equity capital
  • $34,218Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $45,232Surplus
  • $-11,014Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $493Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $28,034Income earned, not collected on loans
  • $417Earning assets
  • $785Long-term assets (5+ years)
  • $299,447Average Assets, year-to-date
  • $35,637Average Assets, quarterly
  • $357,106Volatile liabilities
  • $335,210Insider loans
  • $276,818FHLB advances
  • $336,501Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $33,749Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $60,082Restructured Loans and leases
  • $14Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $16,202Total interest income
  • $2,858Total interest expense
  • $13,344Net interest income
  • $1,332Provision for loan and lease losses
  • -$650Total noninterest income
  • $0Fiduciary activities
  • $256Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$906Additional noninterest income
  • $13,114Total noninterest expense
  • $4,698Salaries and employee benefits
  • $1,042Premises and equipment expense
  • $7,374Additional noninterest expense
  • -$1,752Pre-tax net operating income
  • -$63Securities gains (losses)
  • $0Applicable income taxes
  • -$1,815Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,815Net income attributable to bank
  • $0Net charge-offs
  • -$1,815Cash dividends
  • $9,069Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.89%Yield on earning assets
  • 0.86%Cost of funding earning assets
  • 4.03%Net interest margin
  • -0.20%Noninterest income to earning assets
  • 3.96%Noninterest expense to earning assets
  • -0.49%Net operating income to assets
  • -0.51%Return on assets (ROA)
  • -0.51%Pretax return on assets
  • -5.84%Return on equity (ROE)
  • -5.84%Retained earnings to average equity (YTD only)
  • 3.17%Net charge-offs to loans
  • 14.69%Credit loss provision to net charge-offs
  • -0.05%Efficiency ratio
  • 103,309Assets per employee
  • 6.19%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.38%Loss allowance to noncurrent loans
  • 41.52%Noncurrent assets plus other real estate owned to assets
  • 10.83%Noncurrent loans to loans
  • 10.54%Net loans and leases to deposits
  • 89.20%Net loans and leases to core deposits
  • 91.79%Equity capital to assets
  • 10.63%Core capital (leverage) ratio
  • 10.03%Tier 1 risk-based capital ratio
  • 12.19%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $357,106Average earning assets
  • $31,092Average equity
  • $331,487Average loans

List of branches

  • 1 Washington Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    081677Foundation Bank1110 112th Avenue Ne, Suite 200, Bellevue, WA 98004September 19, 2000Full Service Brick and Mortar

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