Pioneer Savings Bank in Lynnwood, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 01, 1993

  • Pioneer Savings Bank in Lynnwood, Washington (WA)
  • Show street view No street view available for this location

Pioneer Savings Bank - Overview

  • General
  • FDIC Certificate #: 29027
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Washington Mutual Bank (#9576)
    Federal Reserve ID: 699374
    Date Established: July 01, 1934
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 17 (Interstate: No)
    OTS Docket #: 2787
    FDIC's unique #: 41861
    Numeric code: 41
    Regulator: FDIC
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: Yes
    Date of Deposit Insurance: November 19, 1934
    Last Structure Change Effective Date: March 01, 1993
    Last Structure Change Process Date: April 05, 1993
    Last Data Update: April 05, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 4211 200th Southwest, Suite 101, Lynnwood, WA 98201
    County: Snohomish
    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)
  • History of Changes
  • Merger - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $932.5 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $194Total assets
  • $932,474Cash and due from depository institutions
  • $12,727Interest-bearing balances
  • $1Securities
  • $219,462Federal funds sold & reverse repurchase agreements
  • $33,912Net loans & leases
  • $628,661Loan loss allowance
  • $2,011Trading account assets
  • $0Bank premises and fixed assets
  • $12,211Other real estate owned
  • $14,694Goodwill and other intangibles
  • $10,807Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $932,474Total liabilities
  • $820,826Total deposits
  • $675,364Interest-bearing deposits
  • $659,194Deposits held in domestic offices
  • 675364.00%% insured (estimated)
  • $96Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $140,525Subordinated debt
  • $0All other liabilities
  • $4,937Total equity capital
  • $4,937Total bank equity capital
  • $111,648Perpetual preferred stock
  • $0Common stock
  • $6,840Surplus
  • $63,127Undivided profits
  • Memoranda
  • $41,681Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $428Income earned, not collected on loans
  • $4,078Earning assets
  • $882,036Long-term assets (5+ years)
  • $764,090Average Assets, year-to-date
  • $893,216Average Assets, quarterly
  • $924,321Volatile liabilities
  • $180,823Insider loans
  • $215FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $18,503Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $111,648Total risk weighted assets
  • $433,598Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $78,413Total interest expense
  • $43,338Net interest income
  • $35,075Provision for loan and lease losses
  • $500Total noninterest income
  • $2,218Fiduciary activities
  • $0Service charges on deposit accounts
  • $1,421Trading account gains & fees
  • $0Additional noninterest income
  • $797Total noninterest expense
  • $13,961Salaries and employee benefits
  • $6,600Premises and equipment expense
  • $2,201Additional noninterest expense
  • $5,160Pre-tax net operating income
  • $22,832Securities gains (losses)
  • $0Applicable income taxes
  • $7,254Income before extraordinary items
  • $15,578Extraordinary gains - net
  • -$26Net income attributable to bank
  • $15,552Net charge-offs
  • $0Cash dividends
  • $6,432Sale, conversion, retirement of capital stock, net
  • $5,134Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 9.34%Cost of funding earning assets
  • 5.16%Net interest margin
  • 4.18%Noninterest income to earning assets
  • 0.26%Noninterest expense to earning assets
  • 1.66%Net operating income to assets
  • 1.74%Return on assets (ROA)
  • 1.74%Pretax return on assets
  • 2.55%Return on equity (ROE)
  • 15.01%Retained earnings to average equity (YTD only)
  • 8.80%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 37,436Assets per employee
  • 4.81%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 41.36%Loss allowance to loans
  • 0.32%Loss allowance to noncurrent loans
  • 469.86%Noncurrent assets plus other real estate owned to assets
  • 0.73%Noncurrent loans to loans
  • 0.07%Net loans and leases to deposits
  • 93.08%Net loans and leases to core deposits
  • 99.09%Equity capital to assets
  • 11.97%Core capital (leverage) ratio
  • 12.13%Tier 1 risk-based capital ratio
  • 25.75%Total risk-based capital ratio
  • Memoranda
  • $26Average assets
  • $893,216Average earning assets
  • $103,613Average equity
  • $839,781Average loans

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