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

This bank is inactive as of June 03, 2004

  • Issaquah Bank in Issaquah, Washington (WA)
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Issaquah Bank - Overview

  • General
  • FDIC Certificate #: 33783
    Status: Inactive
    Closing history: Absorption - Without Assistance
    Acquiring institution: Cascade Bank (#28823)
    Federal Reserve ID: 2021634
    Date Established: March 08, 1993
    WWW: http://www.issaquah-bank.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    OTS Docket #: 12097
    FDIC's unique #: 48030
    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: March 08, 1993
    Last Structure Change Effective Date: June 03, 2004
    Last Structure Change Process Date: July 30, 2004
    Last Data Update: July 30, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 1055 Northwest Maple Avenue, Issaquah, WA 98027
    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: $130.5 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, 2003)

  • Dollar figures in thousands
  • 31Total employees (full-time equivalent)
  • $127,607Total assets
  • $8,093Cash and due from depository institutions
  • $5,606Interest-bearing balances
  • $26,348Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $86,504Net loans & leases
  • $1,381Loan loss allowance
  • $0Trading account assets
  • $5,195Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,467All other assets
  • $127,607Total liabilities and capital
  • $115,966Total liabilities
  • $103,492Total deposits
  • $85,520Interest-bearing deposits
  • $103,492Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $12,000Other borrowed funds
  • $0Subordinated debt
  • $474All other liabilities
  • $11,641Total equity capital
  • $11,641Total bank equity capital
  • $11,641Perpetual preferred stock
  • $0Common stock
  • $237Surplus
  • $5,110Undivided profits
  • Memoranda
  • $6,294Noncurrent loans and leases
  • $20,341Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $418Earning assets
  • $0Long-term assets (5+ years)
  • $494Average Assets, year-to-date
  • $118,458Average Assets, quarterly
  • $23,142Volatile liabilities
  • $130,812Insider loans
  • $133,339FHLB advances
  • $30,443Loans and leases held for sale
  • $1,513Unused loan commitments
  • $12,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $20,341Total unused commitments
  • $0Restructured Loans and leases
  • $1,248Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $7,379Total interest income
  • $2,152Total interest expense
  • $5,227Net interest income
  • $190Provision for loan and lease losses
  • $495Total noninterest income
  • $0Fiduciary activities
  • $352Service charges on deposit accounts
  • $0Trading account gains & fees
  • $143Additional noninterest income
  • $3,349Total noninterest expense
  • $1,926Salaries and employee benefits
  • $261Premises and equipment expense
  • $1,162Additional noninterest expense
  • $2,183Pre-tax net operating income
  • $238Securities gains (losses)
  • $814Applicable income taxes
  • $1,607Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,607Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $68Sale, conversion, retirement of capital stock, net
  • $50Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.08%Yield on earning assets
  • 1.77%Cost of funding earning assets
  • 4.30%Net interest margin
  • 0.41%Noninterest income to earning assets
  • 2.76%Noninterest expense to earning assets
  • 1.11%Net operating income to assets
  • 1.23%Return on assets (ROA)
  • 1.85%Pretax return on assets
  • 14.55%Return on equity (ROE)
  • 14.10%Retained earnings to average equity (YTD only)
  • 0.08%Net charge-offs to loans
  • 279.41%Credit loss provision to net charge-offs
  • 34.90%Efficiency ratio
  • 58,528Assets per employee
  • 4.12%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 3.11%Loss allowance to loans
  • 1.57%Loss allowance to noncurrent loans
  • 330.38%Noncurrent assets plus other real estate owned to assets
  • 0.33%Noncurrent loans to loans
  • 0.48%Net loans and leases to deposits
  • 83.59%Net loans and leases to core deposits
  • 115.26%Equity capital to assets
  • 9.12%Core capital (leverage) ratio
  • 9.09%Tier 1 risk-based capital ratio
  • 11.64%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $130,812Average earning assets
  • $11,043Average equity
  • $121,462Average loans

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