FDIC Certificate #: 32780 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Frontier Bank (#22710) Federal Reserve ID: 1435337 Date Established: January 08, 1990 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) OTS Docket #: 12055 FDIC's unique #: 45690 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: January 08, 1990 Last Structure Change Effective Date: Febuary 02, 2001 Last Structure Change Process Date: May 03, 2001 Last Data Update: May 03, 2001 Data Source Date: April 05, 2012
Location
Address: 15305 Main Street, N.E., Duvall, WA 98019 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: $71.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
23Total employees (full-time equivalent)
$71,898Total assets
$9,958Cash and due from depository institutions
$7,787Interest-bearing balances
$5,937Securities
$0Federal funds sold & reverse repurchase agreements
$53,133Net loans & leases
$631Loan loss allowance
$0Trading account assets
$1,871Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$999All other assets
$71,898Total liabilities and capital
$66,187Total liabilities
$65,295Total deposits
$52,364Interest-bearing deposits
$65,295Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$892All other liabilities
$5,711Total equity capital
$5,711Total bank equity capital
$5,711Perpetual preferred stock
$0Common stock
$833Surplus
$2,312Undivided profits
Memoranda
$2,566Noncurrent loans and leases
$10,130Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$208Earning assets
$0Long-term assets (5+ years)
$413Average Assets, year-to-date
$66,857Average Assets, quarterly
$5,641Volatile liabilities
$70,520Insider loans
$73,909FHLB advances
$13,101Loans and leases held for sale
$939Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$10,130Total unused commitments
$1,139Restructured Loans and leases
$631Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$6,841Total interest income
$2,764Total interest expense
$4,077Net interest income
$110Provision for loan and lease losses
$624Total noninterest income
$0Fiduciary activities
$154Service charges on deposit accounts
$0Trading account gains & fees
$470Additional noninterest income
$3,128Total noninterest expense
$1,589Salaries and employee benefits
$417Premises and equipment expense
$1,122Additional noninterest expense
$1,463Pre-tax net operating income
-$21Securities gains (losses)
$432Applicable income taxes
$1,010Income before extraordinary items
$0Extraordinary gains - net
$1,010Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$27Sale, conversion, retirement of capital stock, net
$30Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
10.48%Yield on earning assets
4.23%Cost of funding earning assets
6.25%Net interest margin
0.96%Noninterest income to earning assets
4.79%Noninterest expense to earning assets
1.45%Net operating income to assets
1.43%Return on assets (ROA)
2.04%Pretax return on assets
19.53%Return on equity (ROE)
18.95%Retained earnings to average equity (YTD only)
0.05%Net charge-offs to loans
423.08%Credit loss provision to net charge-offs
58.26%Efficiency ratio
66,539Assets per employee
3.13%Cash dividends to net income (YTD only)
Condition Ratios (%)
2.97%Loss allowance to loans
1.17%Loss allowance to noncurrent loans
303.37%Noncurrent assets plus other real estate owned to assets
0.29%Noncurrent loans to loans
0.39%Net loans and leases to deposits
81.37%Net loans and leases to core deposits
101.80%Equity capital to assets
7.94%Core capital (leverage) ratio
8.06%Tier 1 risk-based capital ratio
9.40%Total risk-based capital ratio
Memoranda
$10Average assets
$70,520Average earning assets
$5,172Average equity
$65,275Average loans
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