Islanders Bank in Friday Harbor, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Islanders Bank in Friday Harbor, Washington (WA)
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Islanders Bank - Overview

  • General
  • FDIC Certificate #: 23469
    Status: Active
    Federal Reserve ID: 447874
    Bank Holding Company (Regulatory Top Holder): Banner Corporation (RSSDID: 2126977, Location: Walla Walla, WA)
    Date Established: July 07, 1981
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 11224
    FDIC's unique #: 16447
    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: July 07, 1981
    Last Structure Change Effective Date: April 21, 2011
    Last Structure Change Process Date: April 22, 2011
    Last Data Update: April 22, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 225 Blair Street, Friday Harbor, WA 98250
    County: San Juan
    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
  • Financial Summary
  • Total assets: $231.5 mil
    Equity capital: $29.6 mil
    Deposits held in domestic offices: $200.2 mil
    Return on assets (ROA): 0.75% ($1.7 mil)
    Quarterly return on assets: 0.54% ($1.3 mil)
    Return on Equity (ROE): 6.08% ($1.8 mil)
    Quarterly return on equity: 4.32% ($1.3 mil)
    Net income: $1.8 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.12% ($2,593.1 mil)
    Quarterly Pretax return on assets: 0.81% ($1,875.3 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
  • 51Total employees (full-time equivalent)
  • $231,523Total assets
  • $35,317Cash and due from depository institutions
  • $33,469Interest-bearing balances
  • $0Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $179,047Net loans & leases
  • $2,885Loan loss allowance
  • $1,397Trading account assets
  • $5,130Bank premises and fixed assets
  • $2,421Other real estate owned
  • $2,141Goodwill and other intangibles
  • $231,523Life insurance assets
  • $6,070All other assets
  • $201,894Total liabilities and capital
  • $200,237Total liabilities
  • $156,735Total deposits
  • $200,237Interest-bearing deposits
  • $79Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $293Trading liabilities
  • $0Other borrowed funds
  • $1,364Subordinated debt
  • $29,629All other liabilities
  • $29,629Total equity capital
  • $29,629Total bank equity capital
  • $0Perpetual preferred stock
  • $92Common stock
  • $30,226Surplus
  • $-689Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,668Income earned, not collected on loans
  • $0Earning assets
  • $701Long-term assets (5+ years)
  • $213,913Average Assets, year-to-date
  • $114,103Average Assets, quarterly
  • $237,759Volatile liabilities
  • $235,865Insider loans
  • $190,684FHLB advances
  • $233,773Loans and leases held for sale
  • $2,691Unused loan commitments
  • $2,691Tier 1 (core) risk-based capital
  • $28,237Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $19,949Restructured Loans and leases
  • $3,907Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,569Total interest income
  • $1,318Total interest expense
  • $10,251Net interest income
  • $1,200Provision for loan and lease losses
  • $853Total noninterest income
  • $0Fiduciary activities
  • $520Service charges on deposit accounts
  • $0Trading account gains & fees
  • $333Additional noninterest income
  • $7,240Total noninterest expense
  • $3,117Salaries and employee benefits
  • $525Premises and equipment expense
  • $3,598Additional noninterest expense
  • $2,664Pre-tax net operating income
  • $0Securities gains (losses)
  • $887Applicable income taxes
  • $1,777Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,777Net income attributable to bank
  • $0Net charge-offs
  • $1,777Cash dividends
  • $871Sale, conversion, retirement of capital stock, net
  • $864Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.30%Yield on earning assets
  • 0.60%Cost of funding earning assets
  • 4.69%Net interest margin
  • 0.39%Noninterest income to earning assets
  • 3.31%Noninterest expense to earning assets
  • 0.75%Net operating income to assets
  • 0.75%Return on assets (ROA)
  • 1.12%Pretax return on assets
  • 6.08%Return on equity (ROE)
  • 3.12%Retained earnings to average equity (YTD only)
  • 0.46%Net charge-offs to loans
  • 137.77%Credit loss provision to net charge-offs
  • 4.44%Efficiency ratio
  • 58,204Assets per employee
  • 4.54%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 48.62%Loss allowance to loans
  • 1.59%Loss allowance to noncurrent loans
  • 43.27%Noncurrent assets plus other real estate owned to assets
  • 3.93%Noncurrent loans to loans
  • 3.67%Net loans and leases to deposits
  • 89.42%Net loans and leases to core deposits
  • 99.70%Equity capital to assets
  • 12.80%Core capital (leverage) ratio
  • 12.08%Tier 1 risk-based capital ratio
  • 14.81%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $237,759Average earning assets
  • $29,236Average equity
  • $218,408Average loans

List of branches

  • 3 Washington Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    016447Islanders Bank225 Blair Street, Friday Harbor, WA 98250July 07, 1981Full Service Brick and Mortar
    1256363Orcas Island Branch475 Fern Street, Eastsound, WA 98245October 03, 1988Full Service Brick and Mortar
    2229364Lopez Island Branch45 Weeks Road, Lopez Island, WA 98261March 12, 1973Full Service Brick and Mortar

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