Northwest Commercial Bank in Lakewood, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Northwest Commercial Bank in Lakewood, Washington (WA)
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Northwest Commercial Bank - Overview

  • General
  • FDIC Certificate #: 57191
    Status: Active
    Federal Reserve ID: 3130216
    Date Established: July 29, 2002
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 359380
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: July 29, 2002
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 5726 100th S.W., Lakewood, WA 98499
    County: Pierce
    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): Tacoma, WA (#8200)
    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: Tacoma, WA (#45104)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $75.1 mil
    Equity capital: $8.4 mil
    Deposits held in domestic offices: $66.0 mil
    Return on assets (ROA): -0.19% (-$0.1 mil)
    Quarterly return on assets: -0.21% (-$0.2 mil)
    Return on Equity (ROE): -1.73% (-$0.1 mil)
    Quarterly return on equity: -1.85% (-$0.1 mil)
    Net income: -$0.1 mil
    Quarterly Net income: -$0.0 mil
    Pretax return on assets: -0.19% (-$142.7 mil)
    Quarterly Pretax return on assets: -0.21% (-$157.7 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, 2011)

  • Dollar figures in thousands
  • 18Total employees (full-time equivalent)
  • $75,091Total assets
  • $8,352Cash and due from depository institutions
  • $7,182Interest-bearing balances
  • $6,355Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $55,473Net loans & leases
  • $990Loan loss allowance
  • $0Trading account assets
  • $1,715Bank premises and fixed assets
  • $2,382Other real estate owned
  • $0Goodwill and other intangibles
  • $75,092Life insurance assets
  • $814All other assets
  • $66,654Total liabilities and capital
  • $66,048Total liabilities
  • $55,956Total deposits
  • $66,048Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $606Subordinated debt
  • $8,438All other liabilities
  • $8,438Total equity capital
  • $8,438Total bank equity capital
  • $2,040Perpetual preferred stock
  • $9,976Common stock
  • $0Surplus
  • $-3,578Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,412Income earned, not collected on loans
  • $0Earning assets
  • $275Long-term assets (5+ years)
  • $69,010Average Assets, year-to-date
  • $6,647Average Assets, quarterly
  • $76,221Volatile liabilities
  • $75,699Insider loans
  • $58,824FHLB advances
  • $77,261Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $8,236Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,839Restructured Loans and leases
  • $1,640Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,796Total interest income
  • $771Total interest expense
  • $3,025Net interest income
  • $792Provision for loan and lease losses
  • $22Total noninterest income
  • $0Fiduciary activities
  • $110Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$88Additional noninterest income
  • $2,401Total noninterest expense
  • $1,607Salaries and employee benefits
  • $221Premises and equipment expense
  • $573Additional noninterest expense
  • -$146Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$146Income before extraordinary items
  • $0Extraordinary gains - net
  • -$146Net income attributable to bank
  • $0Net charge-offs
  • -$146Cash dividends
  • $983Sale, conversion, retirement of capital stock, net
  • $81Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.38%Yield on earning assets
  • 1.09%Cost of funding earning assets
  • 4.29%Net interest margin
  • 0.03%Noninterest income to earning assets
  • 3.40%Noninterest expense to earning assets
  • -0.19%Net operating income to assets
  • -0.19%Return on assets (ROA)
  • -0.19%Pretax return on assets
  • -1.73%Return on equity (ROE)
  • -2.68%Retained earnings to average equity (YTD only)
  • 1.62%Net charge-offs to loans
  • 80.57%Credit loss provision to net charge-offs
  • 0.66%Efficiency ratio
  • 78,799Assets per employee
  • 4.17%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -55.48%Loss allowance to loans
  • 1.75%Loss allowance to noncurrent loans
  • 29.02%Noncurrent assets plus other real estate owned to assets
  • 7.72%Noncurrent loans to loans
  • 6.04%Net loans and leases to deposits
  • 83.99%Net loans and leases to core deposits
  • 93.29%Equity capital to assets
  • 11.24%Core capital (leverage) ratio
  • 10.66%Tier 1 risk-based capital ratio
  • 14.00%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $76,221Average earning assets
  • $8,460Average equity
  • $70,585Average loans

List of branches

  • 2 Washington Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0359380Northwest Commercial Bank5726 100th S.W., Lakewood, WA 98499July 29, 2002Full Service Brick and Mortar
    1492449Auburn Branch4220 A Street Se, Suite 901, Auburn, WA 98002September 02, 2008Full Service Brick and Mortar

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