Mid State Bank in Waterville, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 14, 2007

  • Mid State Bank in Waterville, Washington (WA)
  • Show street view No street view available for this location

Mid State Bank - Overview

  • General
  • 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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