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

This bank is inactive as of April 24, 2004

  • Pacific Northwest Bank in Oak Harbor, Washington (WA)
  • Show street view No street view available for this location

Pacific Northwest Bank - Overview

  • General
  • FDIC Certificate #: 30887
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Wells Fargo Bank, National Association (#3511)
    Federal Reserve ID: 882671
    Date Established: April 05, 1956
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 60 (Interstate: No)
    OTS Docket #: 6063
    FDIC's unique #: 43721
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    SAIF Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: June 25, 1957
    Last Structure Change Effective Date: April 24, 2004
    Last Structure Change Process Date: May 06, 2004
    Last Data Update: May 06, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 1259 West Pioneer Way/Island, Oak Harbor, WA 98277
    County: Island
    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): Oak Harbor, WA (#36020)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $2,791.1 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, 2003)

  • Dollar figures in thousands
  • 675Total employees (full-time equivalent)
  • $2,954,345Total assets
  • $78,202Cash and due from depository institutions
  • $2,169Interest-bearing balances
  • $351,471Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $1,866,018Net loans & leases
  • $34,469Loan loss allowance
  • $0Trading account assets
  • $22,543Bank premises and fixed assets
  • $3,004Other real estate owned
  • $515,278Goodwill and other intangibles
  • $0Life insurance assets
  • $117,829All other assets
  • $2,954,345Total liabilities and capital
  • $2,188,421Total liabilities
  • $1,794,083Total deposits
  • $1,676,000Interest-bearing deposits
  • $1,794,083Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $340,778Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $64Other borrowed funds
  • $0Subordinated debt
  • $53,496All other liabilities
  • $765,924Total equity capital
  • $765,924Total bank equity capital
  • $765,924Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $757,556Undivided profits
  • Memoranda
  • $8,368Noncurrent loans and leases
  • $647,107Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $22,658Earning assets
  • $0Long-term assets (5+ years)
  • $9,992Average Assets, year-to-date
  • $2,219,658Average Assets, quarterly
  • $765,601Volatile liabilities
  • $3,014,018Insider loans
  • $2,901,493FHLB advances
  • $643,175Loans and leases held for sale
  • $156Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $647,107Total unused commitments
  • $341Restructured Loans and leases
  • $27,651Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $23,636Total interest income
  • $3,853Total interest expense
  • $19,783Net interest income
  • $928Provision for loan and lease losses
  • $2,676Total noninterest income
  • $0Fiduciary activities
  • $1,163Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,513Additional noninterest income
  • $10,157Total noninterest expense
  • $5,572Salaries and employee benefits
  • $1,817Premises and equipment expense
  • $2,768Additional noninterest expense
  • $11,374Pre-tax net operating income
  • $1,002Securities gains (losses)
  • $4,228Applicable income taxes
  • $8,148Income before extraordinary items
  • $0Extraordinary gains - net
  • $8,148Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$29Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.91%Yield on earning assets
  • 0.15%Cost of funding earning assets
  • 0.76%Net interest margin
  • 0.10%Noninterest income to earning assets
  • 0.39%Noninterest expense to earning assets
  • 0.25%Net operating income to assets
  • 0.27%Return on assets (ROA)
  • 0.41%Pretax return on assets
  • 2.05%Return on equity (ROE)
  • 2.05%Retained earnings to average equity (YTD only)
  • -0.00%Net charge-offs to loans
  • -3200.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 42,749Assets per employee
  • 4.38%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.81%Loss allowance to noncurrent loans
  • 152.13%Noncurrent assets plus other real estate owned to assets
  • 0.87%Noncurrent loans to loans
  • 1.19%Net loans and leases to deposits
  • 104.01%Net loans and leases to core deposits
  • 125.09%Equity capital to assets
  • 25.93%Core capital (leverage) ratio
  • 9.48%Tier 1 risk-based capital ratio
  • 11.33%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $3,014,018Average earning assets
  • $397,852Average equity
  • $2,611,526Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Pacific Northwest Bank.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents