Olympia Federal Savings and Loan Association in Olympia, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Olympia Federal Savings and Loan Association in Olympia, Washington (WA)
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Olympia Federal Savings and Loan Association - Overview

  • General
  • FDIC Certificate #: 28599
    Status: Active
    Federal Reserve ID: 550279
    Date Established: January 01, 1906
    WWW: http://www.olyfed.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 7 (Domestic: 7, Interstate: No)
    OTS Docket #: 1925
    FDIC's unique #: 41433
    Numeric code: 38
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: December 07, 1934
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 5th & Capitol Way, Olympia, WA 98501
    County: Thurston
    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): Olympia, WA (#5910)
    Consolidated Metropolitan Statistical Area (CMSA): Seattle-Tacoma-Bremerton, WA (#91)
    Combined Statistical Area (CSA): Seattle-Tacoma-Olympia, WA (#500)
    Core Based Statistical Area (CBSA): Olympia, WA (#36500)
    CBSA Metro Statistical Area: Olympia, WA (#36500)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $559.5 mil
    Equity capital: $77.8 mil
    Deposits held in domestic offices: $472.7 mil
    Return on assets (ROA): 0.55% ($3.1 mil)
    Quarterly return on assets: 0.66% ($3.7 mil)
    Return on Equity (ROE): 4.03% ($3.1 mil)
    Quarterly return on equity: 4.78% ($3.7 mil)
    Net income: $3.1 mil
    Quarterly Net income: $0.9 mil
    Pretax return on assets: 0.83% ($4,643.5 mil)
    Quarterly Pretax return on assets: 1.02% ($5,706.5 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, 2011)

  • Dollar figures in thousands
  • 90Total employees (full-time equivalent)
  • $559,459Total assets
  • $84,069Cash and due from depository institutions
  • $82,465Interest-bearing balances
  • $67,199Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $366,950Net loans & leases
  • $886Loan loss allowance
  • $0Trading account assets
  • $14,639Bank premises and fixed assets
  • $2,827Other real estate owned
  • $0Goodwill and other intangibles
  • $559,459Life insurance assets
  • $23,775All other assets
  • $481,653Total liabilities and capital
  • $472,737Total liabilities
  • $465,257Total deposits
  • $472,737Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,500Trading liabilities
  • $0Other borrowed funds
  • $2,416Subordinated debt
  • $77,806All other liabilities
  • $77,806Total equity capital
  • $77,806Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $77,806Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,964Income earned, not collected on loans
  • $0Earning assets
  • $1,938Long-term assets (5+ years)
  • $516,614Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $553,117Volatile liabilities
  • $558,731Insider loans
  • $281,128FHLB advances
  • $559,482Loans and leases held for sale
  • $17,005Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $77,821Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $18,519Restructured Loans and leases
  • $565Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $22,966Total interest income
  • $6,521Total interest expense
  • $16,445Net interest income
  • $690Provision for loan and lease losses
  • $1,123Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,123Additional noninterest income
  • $12,298Total noninterest expense
  • $7,126Salaries and employee benefits
  • $2,642Premises and equipment expense
  • $2,530Additional noninterest expense
  • $4,580Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,515Applicable income taxes
  • $3,065Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,065Net income attributable to bank
  • $0Net charge-offs
  • $3,065Cash dividends
  • $995Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.49%Yield on earning assets
  • 1.28%Cost of funding earning assets
  • 3.22%Net interest margin
  • 0.22%Noninterest income to earning assets
  • 2.40%Noninterest expense to earning assets
  • 0.55%Net operating income to assets
  • 0.55%Return on assets (ROA)
  • 0.83%Pretax return on assets
  • 4.03%Return on equity (ROE)
  • 4.03%Retained earnings to average equity (YTD only)
  • 0.26%Net charge-offs to loans
  • 69.35%Credit loss provision to net charge-offs
  • 5.30%Efficiency ratio
  • 70,002Assets per employee
  • 6.22%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.24%Loss allowance to noncurrent loans
  • 22.35%Noncurrent assets plus other real estate owned to assets
  • 1.21%Noncurrent loans to loans
  • 1.08%Net loans and leases to deposits
  • 77.62%Net loans and leases to core deposits
  • 78.45%Equity capital to assets
  • 13.91%Core capital (leverage) ratio
  • 13.91%Tier 1 risk-based capital ratio
  • 27.68%Total risk-based capital ratio
  • Memoranda
  • $28Average assets
  • $553,117Average earning assets
  • $76,137Average equity
  • $511,404Average loans

List of branches

  • 7 Washington Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    041433Olympia Federal Savings And Loan Ass5th & Capitol Way, Olympia, WA 98501January 01, 1906Full Service Brick and Mortar
    12692012420 Harrison Ave Branch2420 Harrison Ave, Olympia, WA 98502January 01, 1906Full Service Brick and Mortar
    100269202Thriftway Shopping Center Branch21 St Highway 300, Belfair, WA 98528January 01, 1906Full Service Brick and Mortar
    1012692034310 6th Ave Se Branch4310 6th Ave Se, Lacey, WA 98503January 01, 1906Full Service Brick and Mortar
    102269204403 Cleveland Ave Suite C Branch403 Cleveland Ave Se #c, Tumwater, WA 98501January 01, 1906Full Service Brick and Mortar
    103269205Yelm Highway Branch4860 Yelm Highway Southeast, Lacey, WA 98503June 30, 1996Full Service Brick and Mortar
    104495219Hawks Prairie Branch8300 Quinault Dr Ne, Olympia, WA 98516July 13, 2006Full Service Brick and Mortar

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