Liberty Bay Bank in Poulsbo, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Liberty Bay Bank - Overview

  • General
  • FDIC Certificate #: 58778
    Status: Active
    Federal Reserve ID: 3943210
    Date Established: June 11, 2009
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 467762
    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: June 11, 2009
    Last Structure Change Effective Date: July 06, 2011
    Last Structure Change Process Date: July 07, 2011
    Last Data Update: July 07, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 19917 Seventh Avenue Ne, Poulsbo, WA 98370
    County: Kitsap
    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): Bremerton, WA (#1150)
    Consolidated Metropolitan Statistical Area (CMSA): Seattle-Tacoma-Bremerton, WA (#91)
    Combined Statistical Area (CSA): Seattle-Tacoma-Olympia, WA (#500)
    Core Based Statistical Area (CBSA): Bremerton-Silverdale, WA (#14740)
    CBSA Metro Statistical Area: Bremerton-Silverdale, WA (#14740)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $52.2 mil
    Equity capital: $6.8 mil
    Deposits held in domestic offices: $45.2 mil
    Return on assets (ROA): -0.97% (-$0.5 mil)
    Quarterly return on assets: 0.15% ($0.1 mil)
    Return on Equity (ROE): -7.61% (-$0.5 mil)
    Quarterly return on equity: 1.22% ($0.1 mil)
    Net income: -$0.5 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: -0.97% (-$506.4 mil)
    Quarterly Pretax return on assets: 0.15% ($78.3 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
  • 19Total employees (full-time equivalent)
  • $52,202Total assets
  • $15,207Cash and due from depository institutions
  • $11,852Interest-bearing balances
  • $2,715Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $33,100Net loans & leases
  • $640Loan loss allowance
  • $0Trading account assets
  • $755Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $52,202Life insurance assets
  • $425All other assets
  • $45,439Total liabilities and capital
  • $45,188Total liabilities
  • $39,120Total deposits
  • $45,188Interest-bearing deposits
  • $74Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $251Subordinated debt
  • $6,763All other liabilities
  • $6,763Total equity capital
  • $6,763Total bank equity capital
  • $0Perpetual preferred stock
  • $1,173Common stock
  • $10,706Surplus
  • $-5,116Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $89Long-term assets (5+ years)
  • $47,667Average Assets, year-to-date
  • $12,422Average Assets, quarterly
  • $54,485Volatile liabilities
  • $55,489Insider loans
  • $32,443FHLB advances
  • $56,301Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $6,745Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,069Restructured Loans and leases
  • $1,743Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,195Total interest income
  • $437Total interest expense
  • $1,758Net interest income
  • $211Provision for loan and lease losses
  • $77Total noninterest income
  • $0Fiduciary activities
  • $18Service charges on deposit accounts
  • $0Trading account gains & fees
  • $59Additional noninterest income
  • $2,688Total noninterest expense
  • $1,446Salaries and employee benefits
  • $355Premises and equipment expense
  • $887Additional noninterest expense
  • -$1,064Pre-tax net operating income
  • $534Securities gains (losses)
  • $0Applicable income taxes
  • -$530Income before extraordinary items
  • $0Extraordinary gains - net
  • -$530Net income attributable to bank
  • $0Net charge-offs
  • -$530Cash dividends
  • $1Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.39%Yield on earning assets
  • 0.87%Cost of funding earning assets
  • 3.52%Net interest margin
  • 0.15%Noninterest income to earning assets
  • 5.38%Noninterest expense to earning assets
  • -1.95%Net operating income to assets
  • -0.97%Return on assets (ROA)
  • -0.97%Pretax return on assets
  • -7.61%Return on equity (ROE)
  • -7.61%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 21100.00%Credit loss provision to net charge-offs
  • -853.00%Efficiency ratio
  • 146,485Assets per employee
  • 2.75%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.90%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 73.25%Net loans and leases to core deposits
  • 79.13%Equity capital to assets
  • 12.96%Core capital (leverage) ratio
  • 11.98%Tier 1 risk-based capital ratio
  • 20.79%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $54,485Average earning assets
  • $6,966Average equity
  • $49,978Average loans

List of branches

  • 1 Washington Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0467762Liberty Bay Bank19917 Seventh Avenue Ne, Poulsbo, WA 98370June 11, 2009Full Service Brick and Mortar

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