Pacific Northwest Bank in Seattle, Washington (WA)



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Pacific Northwest Bank
GeneralFDIC 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
LocationAddress: 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 SummaryTotal 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)
Total employees (full-time equivalent)191
Total assets$426,488
Cash and due from depository institutions$21,202
Interest-bearing balances$660
Securities$43,919
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$349,143
Loan loss allowance $3,959
Trading account assets$0
Bank premises and fixed assets$7,405
Other real estate owned$66
Goodwill and other intangibles$0
All other assets$4,753
Life insurance assets$0
Total liabilities and capital$426,488
Total liabilities$383,801
Total deposits$343,168
Interest-bearing deposits$239,105
Deposits held in domestic offices$343,168
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $4,383
Trading liabilities$0
Other borrowed funds $32,741
Subordinated debt $0
All other liabilities $3,509
Total equity capital$42,687
Total bank equity capital$42,687
Perpetual preferred stock$42,687
Common stock$0
Surplus$1,994
Undivided profits $19,048
Memoranda
Noncurrent loans and leases $21,645
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $118,380
Income earned, not collected on loans $0
Earning assets $4,102
Long-term assets (5+ years) $79
Average Assets, year-to-date $1,862
Average Assets, quarterly $393,722
Volatile liabilities $62,302
Insider loans $410,028
FHLB advances $425,754
Loans and leases held for sale $67,568
Unused loan commitments $408
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $750
Total risk weighted assets $328
Total unused commitments $118,380
Restructured Loans and leases $0
Derivatives$3,959
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Income and Expense (December 31, 1999)
(Dollar figures in thousands)
Total interest income $32,995
Total interest expense $11,643
Net interest income $21,352
Provision for loan and lease losses $245
Total noninterest income $3,517
Fiduciary activities $0
Service charges on deposit accounts $1,234
Trading account gains & fees $0
Additional noninterest income $2,283
Total noninterest expense $16,412
Salaries and employee benefits $8,745
Premises and equipment expense $2,924
Additional noninterest expense $4,743
Pre-tax net operating income $8,212
Securities gains (losses) $1
Applicable income taxes $2,803
Income before extraordinary items $5,410
Extraordinary gains - net $0
Net income attributable to bank $5,410
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $336
Net operating income $41
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Performance and Condition Ratios (December 31, 1999)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets8.80%
Cost of funding earning assets 3.11%
Net interest margin 5.70%
Noninterest income to earning assets 0.94%
Noninterest expense to earning assets 4.38%
Net operating income to assets 1.32%
Return on assets (ROA) 1.32%
Pretax return on assets 2.00%
Return on equity (ROE) 15.36%
Retained earnings to average equity (YTD only) 15.24%
Net charge-offs to loans 0.10%
Credit loss provision to net charge-offs 73.35%
Efficiency ratio25.17%
Assets per employee$65,994
Cash dividends to net income (YTD only)2.23%
Condition Ratios (%)
Loss allowance to loans 0.76%
Loss allowance to noncurrent loans 1.12%
Noncurrent assets plus other real estate owned to assets 96.51%
Noncurrent loans to loans 0.98%
Net loans and leases to deposits1.16%
Net loans and leases to core deposits 101.74%
Equity capital to assets 122.51%
Core capital (leverage) ratio 10.01%
Tier 1 risk-based capital ratio 9.99%
Total risk-based capital ratio 11.06%
Memoranda
Average assets$12
Average earning assets$410,028
Average equity $35,228
Average loans $374,732
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