FDIC Certificate #: 26415 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Pacific Northwest Bank (#30887) Federal Reserve ID: 98678 Date Established: September 26, 1985 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 2 (Interstate: No) OTS Docket #: 14277 FDIC's unique #: 33031 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: September 26, 1985 Last Structure Change Effective Date: July 01, 2000 Last Structure Change Process Date: November 14, 2000 Last Data Update: November 14, 2000 Data Source Date: April 05, 2012
Location
Address: 505 Industry Drive, Tukwila, WA 98188 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 Summary
Total assets: $50.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
13Total employees (full-time equivalent)
$48,207Total assets
$2,594Cash and due from depository institutions
$42Interest-bearing balances
$4,972Securities
$1,450Federal funds sold & reverse repurchase agreements
$38,710Net loans & leases
$809Loan loss allowance
$0Trading account assets
$94Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$387All other assets
$48,207Total liabilities and capital
$43,039Total liabilities
$42,716Total deposits
$28,588Interest-bearing deposits
$42,716Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$323All other liabilities
$5,168Total equity capital
$5,168Total bank equity capital
$5,168Perpetual preferred stock
$0Common stock
$617Surplus
$2,949Undivided profits
Memoranda
$1,602Noncurrent loans and leases
$11,122Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$77Earning assets
$0Long-term assets (5+ years)
$249Average Assets, year-to-date
$45,174Average Assets, quarterly
$10,650Volatile liabilities
$49,338Insider loans
$50,610FHLB advances
$6,423Loans and leases held for sale
$227Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$11,122Total unused commitments
$0Restructured Loans and leases
$507Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$4,178Total interest income
$1,297Total interest expense
$2,881Net interest income
$510Provision for loan and lease losses
$225Total noninterest income
$0Fiduciary activities
$103Service charges on deposit accounts
$0Trading account gains & fees
$122Additional noninterest income
$2,300Total noninterest expense
$825Salaries and employee benefits
$394Premises and equipment expense
$1,081Additional noninterest expense
$296Pre-tax net operating income
$19Securities gains (losses)
$121Applicable income taxes
$194Income before extraordinary items
$0Extraordinary gains - net
$194Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$234Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.20%Yield on earning assets
2.85%Cost of funding earning assets
6.34%Net interest margin
0.50%Noninterest income to earning assets
5.06%Noninterest expense to earning assets
0.37%Net operating income to assets
0.39%Return on assets (ROA)
0.64%Pretax return on assets
3.96%Return on equity (ROE)
3.96%Retained earnings to average equity (YTD only)
0.61%Net charge-offs to loans
217.95%Credit loss provision to net charge-offs
3.44%Efficiency ratio
74,050Assets per employee
3.71%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.05%Loss allowance to noncurrent loans
1050.65%Noncurrent assets plus other real estate owned to assets
0.16%Noncurrent loans to loans
0.19%Net loans and leases to deposits
90.62%Net loans and leases to core deposits
106.66%Equity capital to assets
10.72%Core capital (leverage) ratio
10.38%Tier 1 risk-based capital ratio
13.01%Total risk-based capital ratio
Memoranda
$14Average assets
$49,338Average earning assets
$4,894Average equity
$45,434Average loans
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