FDIC Certificate #: 22742 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:North Cascades National Bank (#26846) Federal Reserve ID: 934075 Date Established: October 30, 1978 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) OTS Docket #: 10409 FDIC's unique #: 15877 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: October 30, 1978 Last Structure Change Effective Date: July 14, 2007 Last Structure Change Process Date: September 18, 2007 Last Data Update: September 18, 2007 Data Source Date: April 05, 2012
Location
Address: 106 West Locust Street, Waterville, WA 98858 County: Douglas 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 Core Based Statistical Area (CBSA): Wenatchee-East Wenatchee, WA (#48300) CBSA Metro Statistical Area: Wenatchee-East Wenatchee, WA (#48300)
Financial Summary
Total assets: $41.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2006)
Dollar figures in thousands
20Total employees (full-time equivalent)
$41,770Total assets
$954Cash and due from depository institutions
$22Interest-bearing balances
$2,218Securities
$0Federal funds sold & reverse repurchase agreements
$35,750Net loans & leases
$228Loan loss allowance
$0Trading account assets
$291Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$1,050Life insurance assets
$2,557All other assets
$41,769Total liabilities and capital
$38,180Total liabilities
$33,346Total deposits
$27,156Interest-bearing deposits
$33,346Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$4,050Other borrowed funds
$0Subordinated debt
$784All other liabilities
$3,589Total equity capital
$3,589Total bank equity capital
$3,589Perpetual preferred stock
$0Common stock
$510Surplus
$1,559Undivided profits
Memoranda
$1,520Noncurrent loans and leases
$9,488Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$363Earning assets
$0Long-term assets (5+ years)
$971Average Assets, year-to-date
$37,990Average Assets, quarterly
$3,870Volatile liabilities
$42,952Insider loans
$43,503FHLB advances
$9,550Loans and leases held for sale
$735Unused loan commitments
$4,050Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$9,488Total unused commitments
$0Restructured Loans and leases
$228Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$3,396Total interest income
$1,116Total interest expense
$2,280Net interest income
$0Provision for loan and lease losses
$135Total noninterest income
$0Fiduciary activities
$44Service charges on deposit accounts
$0Trading account gains & fees
$91Additional noninterest income
$1,789Total noninterest expense
$967Salaries and employee benefits
$247Premises and equipment expense
$575Additional noninterest expense
$626Pre-tax net operating income
$0Securities gains (losses)
$199Applicable income taxes
$427Income before extraordinary items
$0Extraordinary gains - net
$427Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$5Sale, conversion, retirement of capital stock, net
$209Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.67%Yield on earning assets
2.85%Cost of funding earning assets
5.82%Net interest margin
0.34%Noninterest income to earning assets
4.57%Noninterest expense to earning assets
0.99%Net operating income to assets
0.99%Return on assets (ROA)
1.46%Pretax return on assets
12.29%Return on equity (ROE)
6.27%Retained earnings to average equity (YTD only)
0.01%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
125.20%Efficiency ratio
74,079Assets per employee
2.09%Cash dividends to net income (YTD only)
Condition Ratios (%)
48.95%Loss allowance to loans
0.63%Loss allowance to noncurrent loans
62.81%Noncurrent assets plus other real estate owned to assets
0.87%Noncurrent loans to loans
1.01%Net loans and leases to deposits
107.21%Net loans and leases to core deposits
128.38%Equity capital to assets
8.59%Core capital (leverage) ratio
8.57%Tier 1 risk-based capital ratio
12.01%Total risk-based capital ratio
Memoranda
$13Average assets
$42,952Average earning assets
$3,475Average equity
$39,181Average loans
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