North Sound Bank in Poulsbo, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 20, 2000

  • North Sound Bank in Poulsbo, Washington (WA)
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North Sound Bank - Overview

  • General
  • FDIC Certificate #: 23020
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Frontier Bank (#22710)
    Federal Reserve ID: 555377
    Date Established: January 02, 1980
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Interstate: No)
    OTS Docket #: 9348
    FDIC's unique #: 16115
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 02, 1980
    Last Structure Change Effective Date: July 20, 2000
    Last Structure Change Process Date: November 16, 2000
    Last Data Update: November 16, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 19950 Seventh Avenue Northeast, Poulsbo, WA 98370
    County: Kitsap
    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): Bremerton, WA (#1150)
    Consolidated Metropolitan Statistical Area (CMSA): Seattle-Tacoma-Bremerton, WA (#91)
    Combined Statistical Area (CSA): Seattle-Tacoma-Olympia, WA (#500)
    Core Based Statistical Area (CBSA): Bremerton-Silverdale, WA (#14740)
    CBSA Metro Statistical Area: Bremerton-Silverdale, WA (#14740)
  • Financial Summary
  • Total assets: $182.8 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
  • 92Total employees (full-time equivalent)
  • $177,358Total assets
  • $13,385Cash and due from depository institutions
  • $5,230Interest-bearing balances
  • $23,520Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $133,199Net loans & leases
  • $1,356Loan loss allowance
  • $0Trading account assets
  • $5,420Bank premises and fixed assets
  • $85Other real estate owned
  • $146Goodwill and other intangibles
  • $0Life insurance assets
  • $1,603All other assets
  • $177,358Total liabilities and capital
  • $159,198Total liabilities
  • $157,358Total deposits
  • $130,321Interest-bearing deposits
  • $157,358Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $640Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $1,200All other liabilities
  • $18,160Total equity capital
  • $18,160Total bank equity capital
  • $18,160Perpetual preferred stock
  • $0Common stock
  • $741Surplus
  • $5,900Undivided profits
  • Memoranda
  • $11,519Noncurrent loans and leases
  • $21,735Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $275Earning assets
  • $0Long-term assets (5+ years)
  • $834Average Assets, year-to-date
  • $161,949Average Assets, quarterly
  • $21,770Volatile liabilities
  • $180,093Insider loans
  • $181,405FHLB advances
  • $25,303Loans and leases held for sale
  • $1,767Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $50Total risk weighted assets
  • $21,735Total unused commitments
  • $0Restructured Loans and leases
  • $1,356Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $14,824Total interest income
  • $4,715Total interest expense
  • $10,109Net interest income
  • $216Provision for loan and lease losses
  • $1,776Total noninterest income
  • $0Fiduciary activities
  • $384Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,392Additional noninterest income
  • $7,772Total noninterest expense
  • $4,178Salaries and employee benefits
  • $1,452Premises and equipment expense
  • $2,142Additional noninterest expense
  • $3,897Pre-tax net operating income
  • -$3Securities gains (losses)
  • $1,233Applicable income taxes
  • $2,661Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,661Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $50Sale, conversion, retirement of capital stock, net
  • $668Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 9.02%Yield on earning assets
  • 2.87%Cost of funding earning assets
  • 6.15%Net interest margin
  • 1.08%Noninterest income to earning assets
  • 4.73%Noninterest expense to earning assets
  • 1.48%Net operating income to assets
  • 1.48%Return on assets (ROA)
  • 2.16%Pretax return on assets
  • 15.37%Return on equity (ROE)
  • 11.51%Retained earnings to average equity (YTD only)
  • 0.04%Net charge-offs to loans
  • 432.00%Credit loss provision to net charge-offs
  • 82.26%Efficiency ratio
  • 65,158Assets per employee
  • 1.93%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 25.10%Loss allowance to loans
  • 1.01%Loss allowance to noncurrent loans
  • 493.09%Noncurrent assets plus other real estate owned to assets
  • 0.20%Noncurrent loans to loans
  • 0.20%Net loans and leases to deposits
  • 84.65%Net loans and leases to core deposits
  • 100.38%Equity capital to assets
  • 10.24%Core capital (leverage) ratio
  • 10.18%Tier 1 risk-based capital ratio
  • 12.39%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $180,093Average earning assets
  • $17,312Average equity
  • $164,277Average loans

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