FDIC Certificate #: 6252 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Washington Mutual Bank (#32633) Federal Reserve ID: 121709 Date Established: March 12, 1853 WWW:http://www.providian.com Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 2 (Interstate: No) FDIC's unique #: 4221 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: October 01, 2005 Last Structure Change Process Date: October 12, 2005 Last Data Update: October 12, 2005 Data Source Date: April 05, 2012
Location
Address: 295 Main Street, Tilton, NH 3276 County: Belknap Quarterly Banking Profile Region: New York FDIC Geographic Region: New York FDIC Supervisory Region: New York FDIC Field Office: Concord Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Northeast Combined Statistical Area (CSA): Boston-Worcester-Manchester, MA-RI-NH (#148) Core Based Statistical Area (CBSA): Laconia, NH (#29060) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $13,097.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2004)
Dollar figures in thousands
3,283Total employees (full-time equivalent)
$13,292,672Total assets
$192,553Cash and due from depository institutions
$92,876Interest-bearing balances
$3,529,865Securities
$439,447Federal funds sold & reverse repurchase agreements
$6,936,744Net loans & leases
$599,703Loan loss allowance
$1,326,527Trading account assets
$52,629Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$814,907All other assets
$13,292,672Total liabilities and capital
$10,165,143Total liabilities
$9,587,652Total deposits
$9,534,254Interest-bearing deposits
$9,587,652Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$577,491All other liabilities
$3,127,529Total equity capital
$3,127,529Total bank equity capital
$3,127,529Perpetual preferred stock
$0Common stock
$200Surplus
$1,060,911Undivided profits
Memoranda
$2,066,418Noncurrent loans and leases
$29,096,958Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$185,404Earning assets
$0Long-term assets (5+ years)
$57,778Average Assets, year-to-date
$12,325,459Average Assets, quarterly
$87,483Volatile liabilities
$13,090,034Insider loans
$13,168,190FHLB advances
$7,482,833Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$2,369,800Tier 2 risk-based capital
$0Total risk weighted assets
$29,096,958Total unused commitments
$0Restructured Loans and leases
$327,763Derivatives
$152,632Total assets and liabilities in foreign offices
Income and Expense (December 31, 2004)
Dollar figures in thousands
$1,104,566Total interest income
$429,502Total interest expense
$675,064Net interest income
$517,295Provision for loan and lease losses
$1,472,111Total noninterest income
$0Fiduciary activities
$745Service charges on deposit accounts
$0Trading account gains & fees
$1,471,366Additional noninterest income
$1,020,953Total noninterest expense
$267,745Salaries and employee benefits
$113,194Premises and equipment expense
$640,014Additional noninterest expense
$608,927Pre-tax net operating income
-$8,957Securities gains (losses)
$210,202Applicable income taxes
$389,768Income before extraordinary items
$0Extraordinary gains - net
$389,768Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$543,478Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2004)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.39%Yield on earning assets
3.65%Cost of funding earning assets
5.74%Net interest margin
12.52%Noninterest income to earning assets
8.68%Noninterest expense to earning assets
3.02%Net operating income to assets
2.98%Return on assets (ROA)
4.58%Pretax return on assets
12.59%Return on equity (ROE)
12.59%Retained earnings to average equity (YTD only)
7.87%Net charge-offs to loans
95.18%Credit loss provision to net charge-offs
2.07%Efficiency ratio
47,549Assets per employee
4.05%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
7.96%Loss allowance to noncurrent loans
323.46%Noncurrent assets plus other real estate owned to assets
1.39%Noncurrent loans to loans
2.46%Net loans and leases to deposits
72.35%Net loans and leases to core deposits
329.56%Equity capital to assets
23.53%Core capital (leverage) ratio
23.67%Tier 1 risk-based capital ratio
20.57%Total risk-based capital ratio
Memoranda
$23Average assets
$13,090,034Average earning assets
$3,095,572Average equity
$11,759,193Average loans
Bank Assets Sold and Securitized (December 31, 2004)
Dollar figures in thousands
Principal balance with servicing or other recourse retained
$01-4 family residential loans
$0Home equity lines
$10,730,638Credit cards receivables
$0Auto loans
$0Other consumer loans
$0Commercial and industrial loans
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