HomeStreet Bank in Seattle, Washington (WA), HI, OR
Overview, Financial Summary, Detailed Financial Reports, Branches


  • HomeStreet Bank in Seattle, Washington (WA), HI, OR
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HomeStreet Bank - Overview

  • General
  • FDIC Certificate #: 32489
    Status: Active
    Federal Reserve ID: 258771
    Date Established: August 18, 1986
    WWW: http://www.homestreet.com
    Trust Powers Granted: Yes
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 20 (Domestic: 20, Interstate: Yes)
    OTS Docket #: 8324
    FDIC's unique #: 45323
    Numeric code: 41
    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: August 18, 1986
    Last Structure Change Effective Date: August 31, 2010
    Last Structure Change Process Date: August 31, 2010
    Last Data Update: August 31, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 2000 Two Union Square, 601 Union Street, Seattle, WA 98101
    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: $2,248.5 mil
    Equity capital: $144.5 mil
    Deposits held in domestic offices: $2,011.6 mil
    Return on assets (ROA): 0.76% ($17.1 mil)
    Quarterly return on assets: 1.71% ($38.4 mil)
    Return on Equity (ROE): 14.25% ($20.5 mil)
    Quarterly return on equity: 27.76% ($40.0 mil)
    Net income: $17.6 mil
    Quarterly Net income: $9.7 mil
    Pretax return on assets: 0.75% ($16,863.5 mil)
    Quarterly Pretax return on assets: 1.60% ($35,975.6 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
  • 603Total employees (full-time equivalent)
  • $2,248,472Total assets
  • $261,820Cash and due from depository institutions
  • $251,877Interest-bearing balances
  • $323,703Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $1,451,283Net loans & leases
  • $42,689Loan loss allowance
  • $0Trading account assets
  • $4,645Bank premises and fixed assets
  • $44,520Other real estate owned
  • $70,719Goodwill and other intangibles
  • $2,248,472Life insurance assets
  • $91,782All other assets
  • $2,103,988Total liabilities and capital
  • $2,011,632Total liabilities
  • $1,951,027Total deposits
  • $2,011,632Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $60,219Trading liabilities
  • $0Other borrowed funds
  • $32,137Subordinated debt
  • $144,484All other liabilities
  • $144,484Total equity capital
  • $144,484Total bank equity capital
  • $0Perpetual preferred stock
  • $10Common stock
  • $51,840Surplus
  • $92,634Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $150,409Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $112,305Income earned, not collected on loans
  • $35,757Earning assets
  • $6,703Long-term assets (5+ years)
  • $2,026,863Average Assets, year-to-date
  • $610,905Average Assets, quarterly
  • $2,310,274Volatile liabilities
  • $2,273,196Insider loans
  • $1,370,339FHLB advances
  • $2,242,634Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $135,383Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $135,213Restructured Loans and leases
  • $6,032Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $79,259Total interest income
  • $28,523Total interest expense
  • $50,736Net interest income
  • $3,578Provision for loan and lease losses
  • $64,226Total noninterest income
  • $0Fiduciary activities
  • $1,598Service charges on deposit accounts
  • $0Trading account gains & fees
  • $62,628Additional noninterest income
  • $95,150Total noninterest expense
  • $53,137Salaries and employee benefits
  • $14,211Premises and equipment expense
  • $27,802Additional noninterest expense
  • $16,234Pre-tax net operating income
  • $1,103Securities gains (losses)
  • -$214Applicable income taxes
  • $17,551Income before extraordinary items
  • $0Extraordinary gains - net
  • $17,551Net income attributable to bank
  • $0Net charge-offs
  • $17,551Cash dividends
  • $25,066Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.90%Yield on earning assets
  • 1.40%Cost of funding earning assets
  • 2.50%Net interest margin
  • 3.16%Noninterest income to earning assets
  • 4.69%Noninterest expense to earning assets
  • 0.71%Net operating income to assets
  • 0.76%Return on assets (ROA)
  • 0.75%Pretax return on assets
  • 14.25%Return on equity (ROE)
  • 14.25%Retained earnings to average equity (YTD only)
  • 1.53%Net charge-offs to loans
  • 14.27%Credit loss provision to net charge-offs
  • 0.79%Efficiency ratio
  • 82,766Assets per employee
  • 3.73%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.86%Loss allowance to noncurrent loans
  • 38.01%Noncurrent assets plus other real estate owned to assets
  • 6.97%Noncurrent loans to loans
  • 7.52%Net loans and leases to deposits
  • 72.14%Net loans and leases to core deposits
  • 74.64%Equity capital to assets
  • 6.43%Core capital (leverage) ratio
  • 6.04%Tier 1 risk-based capital ratio
  • 9.88%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $2,310,274Average earning assets
  • $123,141Average equity
  • $2,030,248Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $1,170Managed Assets
  • 1Number of Accounts
  • $1,170Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $1,170Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 1Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 3 Hawaii Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    116257931Honolulu Branch2 South King Street, Honolulu, HI 96813October 30, 1988Full Service Brick and Mortar
    118358487Hilo Branch1255 Kiluwa Avenue, Hilo, HI 96720December 01, 1999Full Service Brick and Mortar
    125493007Pearl City Branch98-1254 Kaahumanu Street, Pearl City, HI 96782August 25, 2008Full Service Retail
  • 2 Oregon Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    107288147Portland Branch16200 Southwest Pacific Highway, Portland, OR 97224June 30, 1996Full Service Brick and Mortar
    115288155Northwest Portland Branch22 Northwest 23rd Avenue, Portland, OR 97210June 21, 1999Full Service Brick and Mortar
  • 15 Washington Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    045323Homestreet Bank2000 Two Union Square, 601 Union Street, Seattle, WA 98101August 18, 1986Full Service Brick and Mortar
    102288142Olympia Branch720 Lilly Road Se, Olympia, WA 98501June 30, 1988Full Service Brick and Mortar
    1032881433315 South 23rd Street Branch3315 South 23rd Street, Tacoma, WA 98405June 30, 1989Full Service Brick and Mortar
    10428814422001 66th Ave West Branch22001 66th Ave West, Mountlake Terrace, WA 98043June 30, 1989Full Service Brick and Mortar
    105288145Federal Way Branch33525 Pacific Highway South, Federal Way, WA 98003November 05, 1993Full Service Brick and Mortar
    106288146164th Avenue Branch2100 S.E. 164th Avenue, Suite F103, Vancouver, WA 98684October 15, 1994Full Service Brick and Mortar
    108288148Wedgwood Branch8200 35th Ave Ne, Seattle, WA 98115August 12, 1996Full Service Brick and Mortar
    109288149Ballard/Crown Hill Branch8050 15th Ave Nw, Seattle, WA 98117May 05, 1997Full Service Brick and Mortar
    110288150Newcastle Branch6949 Coal Creek Parkway Southeast, Newcastle, WA 98059September 15, 1997Full Service Brick and Mortar
    111288151Queen Anne Branch1835 Queen Anne Avenue North, Seattle, WA 98109October 20, 1997Full Service Brick and Mortar
    117357006Lakewood Branch10802 Gravelly Lake Drive Southwest, Lakewood, WA 98499January 03, 2000Full Service Brick and Mortar
    121360714Marysville1238 State Avenue, Marysville, WA 98270January 02, 2001Full Service Brick and Mortar
    122363065Bellevue Main Branch10047 Main Street Suite 103, Bellevue, WA 98004October 15, 2001Full Service Brick and Mortar
    123437090Kent Branch505 West Harrison Street, Kent, WA 98032October 01, 2004Full Service Brick and Mortar
    124445191Southcenter Branch130 Andover Park East, Tukwila, WA 98188September 22, 2005Full Service Brick and Mortar

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