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

This bank is inactive as of July 01, 2000

  • Pacific Northwest Bank in Seattle, Washington (WA)
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Pacific Northwest Bank - Overview

  • General
  • FDIC Certificate #: 27346
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Pacific Northwest Bank (#30887)
    Federal Reserve ID: 1218352
    Date Established: October 06, 1988
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 14 (Interstate: No)
    OTS Docket #: 13795
    FDIC's unique #: 39620
    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: October 06, 1988
    Last Structure Change Effective Date: July 01, 2000
    Last Structure Change Process Date: November 15, 2000
    Last Data Update: November 15, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 1111 Third Avenue, Suite 250, Seattle, WA 98111
    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: $503.4 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
  • 191Total employees (full-time equivalent)
  • $426,488Total assets
  • $21,202Cash and due from depository institutions
  • $660Interest-bearing balances
  • $43,919Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $349,143Net loans & leases
  • $3,959Loan loss allowance
  • $0Trading account assets
  • $7,405Bank premises and fixed assets
  • $66Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $4,753All other assets
  • $426,488Total liabilities and capital
  • $383,801Total liabilities
  • $343,168Total deposits
  • $239,105Interest-bearing deposits
  • $343,168Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $4,383Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $32,741Other borrowed funds
  • $0Subordinated debt
  • $3,509All other liabilities
  • $42,687Total equity capital
  • $42,687Total bank equity capital
  • $42,687Perpetual preferred stock
  • $0Common stock
  • $1,994Surplus
  • $19,048Undivided profits
  • Memoranda
  • $21,645Noncurrent loans and leases
  • $118,380Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $4,102Earning assets
  • $79Long-term assets (5+ years)
  • $1,862Average Assets, year-to-date
  • $393,722Average Assets, quarterly
  • $62,302Volatile liabilities
  • $410,028Insider loans
  • $425,754FHLB advances
  • $67,568Loans and leases held for sale
  • $408Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $750Tier 2 risk-based capital
  • $328Total risk weighted assets
  • $118,380Total unused commitments
  • $0Restructured Loans and leases
  • $3,959Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $32,995Total interest income
  • $11,643Total interest expense
  • $21,352Net interest income
  • $245Provision for loan and lease losses
  • $3,517Total noninterest income
  • $0Fiduciary activities
  • $1,234Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,283Additional noninterest income
  • $16,412Total noninterest expense
  • $8,745Salaries and employee benefits
  • $2,924Premises and equipment expense
  • $4,743Additional noninterest expense
  • $8,212Pre-tax net operating income
  • $1Securities gains (losses)
  • $2,803Applicable income taxes
  • $5,410Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,410Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $336Sale, conversion, retirement of capital stock, net
  • $41Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.80%Yield on earning assets
  • 3.11%Cost of funding earning assets
  • 5.70%Net interest margin
  • 0.94%Noninterest income to earning assets
  • 4.38%Noninterest expense to earning assets
  • 1.32%Net operating income to assets
  • 1.32%Return on assets (ROA)
  • 2.00%Pretax return on assets
  • 15.36%Return on equity (ROE)
  • 15.24%Retained earnings to average equity (YTD only)
  • 0.10%Net charge-offs to loans
  • 73.35%Credit loss provision to net charge-offs
  • 25.17%Efficiency ratio
  • 65,994Assets per employee
  • 2.23%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.76%Loss allowance to loans
  • 1.12%Loss allowance to noncurrent loans
  • 96.51%Noncurrent assets plus other real estate owned to assets
  • 0.98%Noncurrent loans to loans
  • 1.16%Net loans and leases to deposits
  • 101.74%Net loans and leases to core deposits
  • 122.51%Equity capital to assets
  • 10.01%Core capital (leverage) ratio
  • 9.99%Tier 1 risk-based capital ratio
  • 11.06%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $410,028Average earning assets
  • $35,228Average equity
  • $374,732Average loans

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