Golf Savings Bank in Mountlake Terrace, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 03, 2010

  • Golf Savings Bank in Mountlake Terrace, Washington (WA)
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Golf Savings Bank - Overview

  • General
  • FDIC Certificate #: 35362
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Sterling Savings Bank (#32158)
    Federal Reserve ID: 2916879
    Date Established: June 01, 2000
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 78824
    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: June 01, 2000
    Last Structure Change Effective Date: August 03, 2010
    Last Structure Change Process Date: August 13, 2010
    Last Data Update: August 13, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 6505 218th Street S.W., Suite 9, Mountlake Terrace, WA 98043
    County: Snohomish
    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: $562.9 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, 2009)

  • Dollar figures in thousands
  • 610Total employees (full-time equivalent)
  • $593,916Total assets
  • $7,854Cash and due from depository institutions
  • $4,505Interest-bearing balances
  • $48,118Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $490,254Net loans & leases
  • $7,626Loan loss allowance
  • $0Trading account assets
  • $3,831Bank premises and fixed assets
  • $16,498Other real estate owned
  • $6,860Goodwill and other intangibles
  • $0Life insurance assets
  • $20,501All other assets
  • $593,917Total liabilities and capital
  • $531,808Total liabilities
  • $405,985Total deposits
  • $393,520Interest-bearing deposits
  • $405,985Deposits held in domestic offices
  • 65.92%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $113,496Other borrowed funds
  • $0Subordinated debt
  • $12,327All other liabilities
  • $62,109Total equity capital
  • $62,109Total bank equity capital
  • $62,109Perpetual preferred stock
  • $25,000Common stock
  • $0Surplus
  • $35,710Undivided profits
  • Memoranda
  • $1,399Noncurrent loans and leases
  • $23,448Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $34,191Earning assets
  • $0Long-term assets (5+ years)
  • $2,043Average Assets, year-to-date
  • $542,877Average Assets, quarterly
  • $310,258Volatile liabilities
  • $575,340Insider loans
  • $587,876FHLB advances
  • $38,843Loans and leases held for sale
  • $210Unused loan commitments
  • $79,906Tier 1 (core) risk-based capital
  • $394,429Tier 2 risk-based capital
  • $189,146Total risk weighted assets
  • $23,448Total unused commitments
  • $2,059Restructured Loans and leases
  • $4,403Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $30,108Total interest income
  • $13,586Total interest expense
  • $16,522Net interest income
  • $23,610Provision for loan and lease losses
  • $48,066Total noninterest income
  • $0Fiduciary activities
  • $17Service charges on deposit accounts
  • $0Trading account gains & fees
  • $48,049Additional noninterest income
  • $35,897Total noninterest expense
  • $17,525Salaries and employee benefits
  • $5,819Premises and equipment expense
  • $12,553Additional noninterest expense
  • $5,081Pre-tax net operating income
  • $1,246Securities gains (losses)
  • $2,113Applicable income taxes
  • $4,214Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,214Net income attributable to bank
  • $0Net charge-offs
  • $4,214Cash dividends
  • $22,873Sale, conversion, retirement of capital stock, net
  • $606Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.62%Yield on earning assets
  • 2.53%Cost of funding earning assets
  • 3.08%Net interest margin
  • 8.97%Noninterest income to earning assets
  • 6.70%Noninterest expense to earning assets
  • 0.59%Net operating income to assets
  • 0.73%Return on assets (ROA)
  • 1.10%Pretax return on assets
  • 6.81%Return on equity (ROE)
  • 5.83%Retained earnings to average equity (YTD only)
  • 4.49%Net charge-offs to loans
  • 103.22%Credit loss provision to net charge-offs
  • 1.25%Efficiency ratio
  • 55,498Assets per employee
  • 0.97%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 14.38%Loss allowance to loans
  • 1.53%Loss allowance to noncurrent loans
  • 22.30%Noncurrent assets plus other real estate owned to assets
  • 8.53%Noncurrent loans to loans
  • 6.87%Net loans and leases to deposits
  • 120.76%Net loans and leases to core deposits
  • 122.34%Equity capital to assets
  • 10.46%Core capital (leverage) ratio
  • 11.20%Tier 1 risk-based capital ratio
  • 17.75%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $575,340Average earning assets
  • $61,890Average equity
  • $536,015Average loans

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