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

This bank is inactive as of November 30, 2005

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

Northwest Business Bank - Overview

  • General
  • FDIC Certificate #: 34893
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Pacific Continental Bank (#20774)
    Federal Reserve ID: 2751593
    Date Established: December 08, 1998
    WWW: http://www.nwbb.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 61956
    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: December 08, 1998
    Last Structure Change Effective Date: November 30, 2005
    Last Structure Change Process Date: December 21, 2005
    Last Data Update: December 21, 2005
    Data Source Date: April 05, 2012
  • Location
  • Address: Metropolitan Park West, 1100 Olive Way, Suite 101, Seattle, WA 98101
    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: $154.3 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, 2004)

  • Dollar figures in thousands
  • 24Total employees (full-time equivalent)
  • $157,266Total assets
  • $22,633Cash and due from depository institutions
  • $16,120Interest-bearing balances
  • $9,976Securities
  • $3,190Federal funds sold & reverse repurchase agreements
  • $119,933Net loans & leases
  • $1,475Loan loss allowance
  • $0Trading account assets
  • $243Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,291All other assets
  • $157,266Total liabilities and capital
  • $141,015Total liabilities
  • $125,466Total deposits
  • $98,682Interest-bearing deposits
  • $125,466Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $289Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $14,345Other borrowed funds
  • $0Subordinated debt
  • $915All other liabilities
  • $16,251Total equity capital
  • $16,251Total bank equity capital
  • $16,251Perpetual preferred stock
  • $0Common stock
  • $12,693Surplus
  • $0Undivided profits
  • Memoranda
  • $3,558Noncurrent loans and leases
  • $25,850Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $23Earning assets
  • $0Long-term assets (5+ years)
  • $560Average Assets, year-to-date
  • $149,219Average Assets, quarterly
  • $11,240Volatile liabilities
  • $144,372Insider loans
  • $154,082FHLB advances
  • $20,780Loans and leases held for sale
  • $2,066Unused loan commitments
  • $14,345Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $25,850Total unused commitments
  • $0Restructured Loans and leases
  • $1,475Derivatives

Income and Expense (December 31, 2004)

  • Dollar figures in thousands
  • $7,936Total interest income
  • $1,675Total interest expense
  • $6,261Net interest income
  • $625Provision for loan and lease losses
  • $561Total noninterest income
  • $0Fiduciary activities
  • $116Service charges on deposit accounts
  • $0Trading account gains & fees
  • $445Additional noninterest income
  • $3,244Total noninterest expense
  • $1,846Salaries and employee benefits
  • $487Premises and equipment expense
  • $911Additional noninterest expense
  • $2,953Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,033Applicable income taxes
  • $1,920Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,920Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $230Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2004)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.84%Yield on earning assets
  • 1.23%Cost of funding earning assets
  • 4.60%Net interest margin
  • 0.41%Noninterest income to earning assets
  • 2.39%Noninterest expense to earning assets
  • 1.33%Net operating income to assets
  • 1.33%Return on assets (ROA)
  • 2.05%Pretax return on assets
  • 12.57%Return on equity (ROE)
  • 12.57%Retained earnings to average equity (YTD only)
  • 0.21%Net charge-offs to loans
  • 271.74%Credit loss provision to net charge-offs
  • 15.56%Efficiency ratio
  • 47,552Assets per employee
  • 6.55%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.21%Loss allowance to noncurrent loans
  • 6413.04%Noncurrent assets plus other real estate owned to assets
  • 0.01%Noncurrent loans to loans
  • 0.02%Net loans and leases to deposits
  • 95.59%Net loans and leases to core deposits
  • 108.07%Equity capital to assets
  • 10.33%Core capital (leverage) ratio
  • 10.89%Tier 1 risk-based capital ratio
  • 12.84%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $144,372Average earning assets
  • $15,272Average equity
  • $135,984Average loans

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