NorthStar Bank in Seattle, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 01, 2006

  • NorthStar Bank in Seattle, Washington (WA)
  • Show street view No street view available for this location

NorthStar Bank - Overview

  • General
  • FDIC Certificate #: 33896
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Frontier Bank (#22710)
    Federal Reserve ID: 2194426
    Date Established: May 16, 1994
    WWW: http://www.northstarbankwa.com
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 3 (Interstate: No)
    OTS Docket #: 13304
    FDIC's unique #: 54752
    Numeric code: 13
    Regulator: FED
    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: May 16, 1994
    Last Structure Change Effective Date: Febuary 01, 2006
    Last Structure Change Process Date: Febuary 21, 2006
    Last Data Update: Febuary 21, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 5602 15th Avenue, Northwest, Seattle, WA 98107
    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: $177.8 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, 2005)

  • Dollar figures in thousands
  • 30Total employees (full-time equivalent)
  • $177,767Total assets
  • $3,977Cash and due from depository institutions
  • $31Interest-bearing balances
  • $8,555Securities
  • $9,625Federal funds sold & reverse repurchase agreements
  • $149,482Net loans & leases
  • $1,898Loan loss allowance
  • $0Trading account assets
  • $334Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $5,794All other assets
  • $177,767Total liabilities and capital
  • $158,510Total liabilities
  • $146,192Total deposits
  • $128,623Interest-bearing deposits
  • $146,192Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $11,756Other borrowed funds
  • $0Subordinated debt
  • $562All other liabilities
  • $19,257Total equity capital
  • $19,257Total bank equity capital
  • $19,257Perpetual preferred stock
  • $0Common stock
  • $8,447Surplus
  • $4,000Undivided profits
  • Memoranda
  • $6,810Noncurrent loans and leases
  • $27,541Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $898Earning assets
  • $0Long-term assets (5+ years)
  • $731Average Assets, year-to-date
  • $167,693Average Assets, quarterly
  • $54,998Volatile liabilities
  • $174,910Insider loans
  • $178,623FHLB advances
  • $35,071Loans and leases held for sale
  • $1,949Unused loan commitments
  • $11,756Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $27,541Total unused commitments
  • $0Restructured Loans and leases
  • $1,888Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $12,353Total interest income
  • $4,364Total interest expense
  • $7,989Net interest income
  • $790Provision for loan and lease losses
  • $1,098Total noninterest income
  • $0Fiduciary activities
  • $334Service charges on deposit accounts
  • $0Trading account gains & fees
  • $764Additional noninterest income
  • $4,338Total noninterest expense
  • $2,539Salaries and employee benefits
  • $524Premises and equipment expense
  • $1,275Additional noninterest expense
  • $3,959Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,291Applicable income taxes
  • $2,668Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,668Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $663Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.48%Yield on earning assets
  • 2.64%Cost of funding earning assets
  • 4.84%Net interest margin
  • 0.66%Noninterest income to earning assets
  • 2.63%Noninterest expense to earning assets
  • 1.53%Net operating income to assets
  • 1.53%Return on assets (ROA)
  • 2.26%Pretax return on assets
  • 14.94%Return on equity (ROE)
  • 14.94%Retained earnings to average equity (YTD only)
  • 0.45%Net charge-offs to loans
  • 119.16%Credit loss provision to net charge-offs
  • 7.16%Efficiency ratio
  • 47,739Assets per employee
  • 5.93%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.25%Loss allowance to noncurrent loans
  • 211.36%Noncurrent assets plus other real estate owned to assets
  • 0.51%Noncurrent loans to loans
  • 0.59%Net loans and leases to deposits
  • 102.25%Net loans and leases to core deposits
  • 133.34%Equity capital to assets
  • 10.83%Core capital (leverage) ratio
  • 10.82%Tier 1 risk-based capital ratio
  • 12.83%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $174,910Average earning assets
  • $17,864Average equity
  • $165,150Average loans

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