Puget Sound Bank in Tacoma, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 15, 1993

  • Puget Sound Bank in Tacoma, Washington (WA)
  • Show street view No street view available for this location

Puget Sound Bank - Overview

  • General
  • FDIC Certificate #: 2982
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: KeyBank National Association (#11979)
    Federal Reserve ID: 916473
    Date Established: January 01, 1890
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 96 (Interstate: No)
    FDIC's unique #: 1890
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: January 15, 1993
    Last Structure Change Process Date: January 26, 1993
    Last Data Update: Febuary 24, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 1119 Pacific Avenue, Tacoma, WA 98401
    County: Pierce
    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): Tacoma, WA (#8200)
    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: Tacoma, WA (#45104)
  • History of Changes
  • Merger - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $3,110.5 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $2,068Total assets
  • $3,110,543Cash and due from depository institutions
  • $262,066Interest-bearing balances
  • $9,701Securities
  • $370,151Federal funds sold & reverse repurchase agreements
  • $156,900Net loans & leases
  • $2,200,938Loan loss allowance
  • $33,196Trading account assets
  • $0Bank premises and fixed assets
  • $64,835Other real estate owned
  • $10,894Goodwill and other intangibles
  • $40,250Life insurance assets
  • $4,509All other assets
  • $0Total liabilities and capital
  • $3,110,543Total liabilities
  • $2,898,910Total deposits
  • $2,787,378Interest-bearing deposits
  • $2,087,121Deposits held in domestic offices
  • 2787378.00%% insured (estimated)
  • $83Federal funds purchased & repurchase agreements
  • $30,306Trading liabilities
  • $0Other borrowed funds
  • $48,149Subordinated debt
  • $1,074All other liabilities
  • $32,003Total equity capital
  • $32,003Total bank equity capital
  • $211,633Perpetual preferred stock
  • $0Common stock
  • $10,930Surplus
  • $46,764Undivided profits
  • Memoranda
  • $153,939Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $30,555Income earned, not collected on loans
  • $18,694Earning assets
  • $2,737,690Long-term assets (5+ years)
  • $383,797Average Assets, year-to-date
  • $3,123,261Average Assets, quarterly
  • $3,135,246Volatile liabilities
  • $270,298Insider loans
  • $8FHLB advances
  • $0Loans and leases held for sale
  • $6,468Unused loan commitments
  • $640,969Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $207,124Total risk weighted assets
  • $2,325,558Total unused commitments
  • $0Restructured Loans and leases
  • $230,730Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $242,701Total interest expense
  • $90,953Net interest income
  • $151,748Provision for loan and lease losses
  • $27,669Total noninterest income
  • $59,323Fiduciary activities
  • $5,348Service charges on deposit accounts
  • $27,096Trading account gains & fees
  • $0Additional noninterest income
  • $26,879Total noninterest expense
  • $158,968Salaries and employee benefits
  • $83,089Premises and equipment expense
  • $21,254Additional noninterest expense
  • $54,625Pre-tax net operating income
  • $24,434Securities gains (losses)
  • $100Applicable income taxes
  • $2,637Income before extraordinary items
  • $21,897Extraordinary gains - net
  • $0Net income attributable to bank
  • $21,897Net charge-offs
  • $29,613Cash dividends
  • $8,700Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.77%Cost of funding earning assets
  • 3.29%Net interest margin
  • 5.48%Noninterest income to earning assets
  • 2.14%Noninterest expense to earning assets
  • 5.74%Net operating income to assets
  • 0.70%Return on assets (ROA)
  • 0.70%Pretax return on assets
  • 0.79%Return on equity (ROE)
  • 10.56%Retained earnings to average equity (YTD only)
  • 6.37%Net charge-offs to loans
  • 1.28%Credit loss provision to net charge-offs
  • 93.44%Efficiency ratio
  • 74,510Assets per employee
  • 1.50%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 39.73%Loss allowance to loans
  • 1.49%Loss allowance to noncurrent loans
  • 108.64%Noncurrent assets plus other real estate owned to assets
  • 1.33%Noncurrent loans to loans
  • 1.37%Net loans and leases to deposits
  • 78.96%Net loans and leases to core deposits
  • 84.80%Equity capital to assets
  • 6.80%Core capital (leverage) ratio
  • 6.75%Tier 1 risk-based capital ratio
  • 8.91%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $3,123,261Average earning assets
  • $207,309Average equity
  • $2,768,705Average loans

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