Peoples Bank in Lynden, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Peoples Bank in Lynden, Washington (WA)
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Peoples Bank - Overview

  • General
  • FDIC Certificate #: 6158
    Status: Active
    Federal Reserve ID: 455972
    Bank Holding Company (Regulatory Top Holder): Peoples Bancorp (RSSDID: 1030947, Location: Lynden, WA)
    Date Established: January 07, 1921
    WWW: http://www.peoplesbank-wa.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 27 (Domestic: 27, Interstate: No)
    OTS Docket #: 12995
    FDIC's unique #: 4153
    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: January 01, 1934
    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: 418 Grover Street, Lynden, WA 98264
    County: Whatcom
    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): Bellingham, WA (#860)
    Core Based Statistical Area (CBSA): Bellingham, WA (#13380)
    CBSA Metro Statistical Area: Bellingham, WA (#13380)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $1,224.9 mil
    Equity capital: $129.4 mil
    Deposits held in domestic offices: $1,084.6 mil
    Return on assets (ROA): 0.91% ($11.1 mil)
    Quarterly return on assets: 1.03% ($12.6 mil)
    Return on Equity (ROE): 8.74% ($11.3 mil)
    Quarterly return on equity: 9.81% ($12.7 mil)
    Net income: $10.9 mil
    Quarterly Net income: $3.1 mil
    Pretax return on assets: 1.36% ($16,658.9 mil)
    Quarterly Pretax return on assets: 1.55% ($18,986.2 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
  • 328Total employees (full-time equivalent)
  • $1,224,918Total assets
  • $190,913Cash and due from depository institutions
  • $163,786Interest-bearing balances
  • $29,015Securities
  • $116Federal funds sold & reverse repurchase agreements
  • $944,456Net loans & leases
  • $12,790Loan loss allowance
  • $0Trading account assets
  • $29,910Bank premises and fixed assets
  • $13,086Other real estate owned
  • $2,484Goodwill and other intangibles
  • $1,224,918Life insurance assets
  • $14,938All other assets
  • $1,095,553Total liabilities and capital
  • $1,084,552Total liabilities
  • $841,335Total deposits
  • $1,084,552Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $8,000Trading liabilities
  • $0Other borrowed funds
  • $3,001Subordinated debt
  • $129,365All other liabilities
  • $129,365Total equity capital
  • $129,365Total bank equity capital
  • $0Perpetual preferred stock
  • $1,280Common stock
  • $36,720Surplus
  • $91,365Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $21,846Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $15,770Income earned, not collected on loans
  • $1,076Earning assets
  • $3,367Long-term assets (5+ years)
  • $1,137,373Average Assets, year-to-date
  • $336,854Average Assets, quarterly
  • $1,203,479Volatile liabilities
  • $1,219,512Insider loans
  • $951,676FHLB advances
  • $1,204,864Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $128,712Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $277,920Restructured Loans and leases
  • $1,001Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $54,355Total interest income
  • $8,161Total interest expense
  • $46,194Net interest income
  • $3,000Provision for loan and lease losses
  • $14,456Total noninterest income
  • $0Fiduciary activities
  • $1,679Service charges on deposit accounts
  • $0Trading account gains & fees
  • $12,777Additional noninterest income
  • $41,270Total noninterest expense
  • $22,373Salaries and employee benefits
  • $5,711Premises and equipment expense
  • $13,186Additional noninterest expense
  • $16,380Pre-tax net operating income
  • $0Securities gains (losses)
  • $5,478Applicable income taxes
  • $10,902Income before extraordinary items
  • $0Extraordinary gains - net
  • $10,902Net income attributable to bank
  • $0Net charge-offs
  • $10,902Cash dividends
  • $4,033Sale, conversion, retirement of capital stock, net
  • $20,168Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.84%Yield on earning assets
  • 0.73%Cost of funding earning assets
  • 4.11%Net interest margin
  • 1.29%Noninterest income to earning assets
  • 3.67%Noninterest expense to earning assets
  • 0.91%Net operating income to assets
  • 0.91%Return on assets (ROA)
  • 1.36%Pretax return on assets
  • 8.74%Return on equity (ROE)
  • -7.43%Retained earnings to average equity (YTD only)
  • 0.43%Net charge-offs to loans
  • 74.39%Credit loss provision to net charge-offs
  • 4.81%Efficiency ratio
  • 68,046Assets per employee
  • 3.73%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 184.99%Loss allowance to loans
  • 1.34%Loss allowance to noncurrent loans
  • 81.10%Noncurrent assets plus other real estate owned to assets
  • 2.36%Noncurrent loans to loans
  • 1.65%Net loans and leases to deposits
  • 87.08%Net loans and leases to core deposits
  • 95.96%Equity capital to assets
  • 10.56%Core capital (leverage) ratio
  • 10.68%Tier 1 risk-based capital ratio
  • 13.52%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $1,203,479Average earning assets
  • $124,790Average equity
  • $1,123,630Average loans

List of branches

  • 26 Washington Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    04153Peoples Bank418 Grover Street, Lynden, WA 98264January 07, 1921Full Service Brick and Mortar
    1208887Fairway Office1700 Front Street, Lynden, WA 98264September 18, 1972Full Service Brick and Mortar
    2208888Everson Office200 East Main Street, Everson, WA 98247October 15, 1974Full Service Brick and Mortar
    3208889Cordata Office4183 Meridian Street, Bellingham, WA 98226December 15, 1977Full Service Brick and Mortar
    13208890Downtown Bellingham Office1333 Cornwall Avenue, Bellingham, WA 98225December 12, 1983Full Service Brick and Mortar
    14208891Ferndale Office1895 Main Street, Ferndale, WA 98248April 04, 1994Full Service Retail
    15208892Barkley Haggen Office2900 Woburn Street, Bellingham, WA 98226September 05, 1995Full Service Retail
    16208893Mount Vernon Office1801 Riverside Drive, Mount Vernon, WA 98273December 15, 1996Full Service Brick and Mortar
    18208895Fairhaven Office1401-12th Street, Bellingham, WA 98225March 13, 1998Full Service Retail
    20208897East Mount Vernon Office2601 East Division Street, Mt. Vernon, WA 98273December 07, 1999Full Service Retail
    23360552Anacortes Office911-11th Street, Anacortes, WA 98221Febuary 05, 2001Full Service Retail
    24360787Magnolia Office3300 W. Mcgraw Street, Suite 102, Seattle, WA 98199June 04, 2001Full Service Brick and Mortar
    25363547West Lynden Office8070 Guide Meridian, #101, Lynden, WA 98264April 10, 2002Full Service Retail
    26364805Burlington Office757 Haggen Drive, Burlington, WA 98233January 23, 2002Full Service Retail
    27366294Carillon Point Office2275 Carillon Point, Building 2000, Kirkland, WA 98033January 24, 2003Full Service Brick and Mortar
    28419650Wenatchee Office29 South Wenatchee Avenue, Wenatchee, WA 98801April 28, 2003Full Service Brick and Mortar
    29426554East Wenatchee Office510 Grant Road, East Wenatchee, WA 98802March 08, 2004Full Service Retail
    30430046Coupeville Office107 S. Main Street, Coupeville, WA 98239July 14, 2004Full Service Brick and Mortar
    34440496Oak Harbor Office275 Southeast Pioneer Way, Suite 1, Oak Harbor, WA 98277May 25, 2005Full Service Brick and Mortar
    35446273Silverdale Courier10516 Silverdale Way, Unit 130, Silverdale, WA 98383January 06, 2006Limited Service Messenger
    36451927Mill Creek Office15506 Main Street, Suite 105, Mill Creek, WA 98012June 20, 2006Full Service Brick and Mortar
    37457431Jefferson And Clallam Courier10516 Silverdale Way, Unit 130, Silverdale, WA 98383December 26, 2006Limited Service Messenger
    38458300King Courier Branch3300 W. Mcgraw Street, Seattle, WA 98199January 29, 2007Limited Service Messenger
    41469649Ballard Office5600 24th Avenue Nw, Seattle, WA 98107December 12, 2007Full Service Brick and Mortar
    42478813Snohomish Office Branch2801 Bickford Ave North, Suite 101, Snohomish, WA 98290March 05, 2008Full Service Retail
    43493294Barkley Financial Center Branch3100 Woburn Street, Bellingham, WA 98226October 29, 2008Full Service Brick and Mortar

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