MarinerBank in Port Townsend, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 01, 2006

  • MarinerBank in Port Townsend, Washington (WA)
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MarinerBank - Overview

  • General
  • FDIC Certificate #: 57499
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Kitsap Bank (#6161)
    Federal Reserve ID: 3156122
    Date Established: December 16, 2002
    WWW: http://www.marinerbank.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 364361
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: December 16, 2002
    Last Structure Change Effective Date: December 01, 2006
    Last Structure Change Process Date: December 20, 2006
    Last Data Update: December 20, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 2313 East Sims Way, Port Townsend, WA 98368
    County: Jefferson
    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: $54.0 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, 2005)

  • Dollar figures in thousands
  • 14Total employees (full-time equivalent)
  • $49,558Total assets
  • $1,397Cash and due from depository institutions
  • $30Interest-bearing balances
  • $2,469Securities
  • $10,105Federal funds sold & reverse repurchase agreements
  • $34,862Net loans & leases
  • $353Loan loss allowance
  • $0Trading account assets
  • $474Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $251All other assets
  • $49,558Total liabilities and capital
  • $43,275Total liabilities
  • $42,200Total deposits
  • $34,394Interest-bearing deposits
  • $42,200Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $1,000Other borrowed funds
  • $0Subordinated debt
  • $75All other liabilities
  • $6,283Total equity capital
  • $6,283Total bank equity capital
  • $6,283Perpetual preferred stock
  • $0Common stock
  • $377Surplus
  • $6,005Undivided profits
  • Memoranda
  • $-99Noncurrent loans and leases
  • $7,140Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $138Average Assets, year-to-date
  • $47,466Average Assets, quarterly
  • $4,619Volatile liabilities
  • $45,225Insider loans
  • $49,822FHLB advances
  • $10,421Loans and leases held for sale
  • $1,480Unused loan commitments
  • $1,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $7,140Total unused commitments
  • $0Restructured Loans and leases
  • $353Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $2,790Total interest income
  • $626Total interest expense
  • $2,164Net interest income
  • $50Provision for loan and lease losses
  • $41Total noninterest income
  • $0Fiduciary activities
  • $8Service charges on deposit accounts
  • $0Trading account gains & fees
  • $33Additional noninterest income
  • $1,595Total noninterest expense
  • $864Salaries and employee benefits
  • $158Premises and equipment expense
  • $573Additional noninterest expense
  • $560Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $560Income before extraordinary items
  • $0Extraordinary gains - net
  • $560Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $9Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.50%Yield on earning assets
  • 1.46%Cost of funding earning assets
  • 5.04%Net interest margin
  • 0.10%Noninterest income to earning assets
  • 3.71%Noninterest expense to earning assets
  • 1.24%Net operating income to assets
  • 1.24%Return on assets (ROA)
  • 1.24%Pretax return on assets
  • 9.43%Return on equity (ROE)
  • 9.43%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • 555.56%Credit loss provision to net charge-offs
  • 67.78%Efficiency ratio
  • 72,336Assets per employee
  • 3.54%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.00%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
  • 82.61%Net loans and leases to core deposits
  • 108.00%Equity capital to assets
  • 12.68%Core capital (leverage) ratio
  • 14.36%Tier 1 risk-based capital ratio
  • 15.86%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $45,225Average earning assets
  • $5,939Average equity
  • $42,955Average loans

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