Mt. Rainier National Bank in Enumclaw, Washington (WA)



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Mt. Rainier National Bank
GeneralFDIC Certificate #: 32996
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Columbia State Bank (#33826)
Federal Reserve ID: 1459191
Date Established: July 02, 1990
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 8 (Interstate: No)
OTS Docket #: 11708
FDIC's unique #: 46177
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: No
Date of Deposit Insurance: July 02, 1990
Last Structure Change Effective Date: July 23, 2007
Last Structure Change Process Date: August 28, 2007
Last Data Update: August 28, 2007
Data Source Date: April 05, 2012
LocationAddress: 501 Roosevelt Avenue East, Enumclaw, WA 98022
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 SummaryTotal assets: $232.3 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)
Total employees (full-time equivalent)72
Total assets$229,895
Cash and due from depository institutions$9,373
Interest-bearing balances$1,833
Securities$35,581
Federal funds sold & reverse repurchase agreements$5,292
Net loans & leases$165,333
Loan loss allowance $1,846
Trading account assets$0
Bank premises and fixed assets$6,796
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$7,520
Life insurance assets$4,137
Total liabilities and capital$229,895
Total liabilities$208,096
Total deposits$204,417
Interest-bearing deposits$170,023
Deposits held in domestic offices$204,417
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $516
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $3,163
Total equity capital$21,799
Total bank equity capital$21,799
Perpetual preferred stock$21,799
Common stock$0
Surplus$2,480
Undivided profits $7,852
Memoranda
Noncurrent loans and leases $11,467
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $28,777
Income earned, not collected on loans $0
Earning assets $0
Long-term assets (5+ years) $0
Average Assets, year-to-date $1,083
Average Assets, quarterly $208,039
Volatile liabilities $18,650
Insider loans $213,366
FHLB advances $226,687
Loans and leases held for sale $50,750
Unused loan commitments $208
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $540
Total risk weighted assets $356
Total unused commitments $28,777
Restructured Loans and leases $0
Derivatives$1,846
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Income and Expense (December 31, 2006)
(Dollar figures in thousands)
Total interest income $14,092
Total interest expense $4,529
Net interest income $9,563
Provision for loan and lease losses $276
Total noninterest income $1,458
Fiduciary activities $0
Service charges on deposit accounts $492
Trading account gains & fees $0
Additional noninterest income $966
Total noninterest expense $7,222
Salaries and employee benefits $4,535
Premises and equipment expense $1,016
Additional noninterest expense $1,671
Pre-tax net operating income $3,523
Securities gains (losses) $0
Applicable income taxes $1,105
Income before extraordinary items $2,418
Extraordinary gains - net $0
Net income attributable to bank $2,418
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net -$1
Net operating income $415
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Performance and Condition Ratios (December 31, 2006)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets7.29%
Cost of funding earning assets 2.34%
Net interest margin 4.95%
Noninterest income to earning assets 0.75%
Noninterest expense to earning assets 3.74%
Net operating income to assets 1.13%
Return on assets (ROA) 1.13%
Pretax return on assets 1.65%
Return on equity (ROE) 11.78%
Retained earnings to average equity (YTD only) 9.76%
Net charge-offs to loans -0.00%
Credit loss provision to net charge-offs -27600.00%
Efficiency ratio0.00%
Assets per employee$65,529
Cash dividends to net income (YTD only)3.19%
Condition Ratios (%)
Loss allowance to loans 17.16%
Loss allowance to noncurrent loans 1.10%
Noncurrent assets plus other real estate owned to assets 0.00%
Noncurrent loans to loans 0.00%
Net loans and leases to deposits0.00%
Net loans and leases to core deposits 80.88%
Equity capital to assets 107.23%
Core capital (leverage) ratio 9.48%
Tier 1 risk-based capital ratio 9.86%
Total risk-based capital ratio 11.97%
Memoranda
Average assets$13
Average earning assets$213,366
Average equity $20,532
Average loans $193,285
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