FDIC Certificate #: 57955 Status: Active Federal Reserve ID: 3345944 Date Established: April 11, 2005 WWW:http://www.pugetsoundbank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 432602 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: April 11, 2005 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: July 06, 2010 Last Data Update: July 06, 2010 Data Source Date: April 05, 2012
Location
Address: 10500 N.E. 8th Street, Bellevue, WA 98004 County: King 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
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $250.4 mil Equity capital: $33.6 mil Deposits held in domestic offices: $212.9 mil Return on assets (ROA): 0.54% ($1.4 mil) Quarterly return on assets: 1.21% ($3.0 mil) Return on Equity (ROE): 4.24% ($1.4 mil) Quarterly return on equity: 8.98% ($3.1 mil) Net income: $1.3 mil Quarterly Net income: $0.7 mil Pretax return on assets: 0.81% ($2,028.5 mil) Quarterly Pretax return on assets: 1.80% ($4,507.8 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
32Total employees (full-time equivalent)
$250,432Total assets
$25,783Cash and due from depository institutions
$16,334Interest-bearing balances
$28,966Securities
$0Federal funds sold & reverse repurchase agreements
$189,938Net loans & leases
$3,406Loan loss allowance
$0Trading account assets
$241Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$250,432Life insurance assets
$5,504All other assets
$216,856Total liabilities and capital
$212,904Total liabilities
$150,825Total deposits
$212,904Interest-bearing deposits
$75Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$3,952Subordinated debt
$33,576All other liabilities
$33,576Total equity capital
$33,576Total bank equity capital
$9,886Perpetual preferred stock
$2,318Common stock
$21,138Surplus
$234Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$3,057Income earned, not collected on loans
$0Earning assets
$694Long-term assets (5+ years)
$235,238Average Assets, year-to-date
$32,892Average Assets, quarterly
$233,733Volatile liabilities
$247,163Insider loans
$220,417FHLB advances
$244,384Loans and leases held for sale
$2,692Unused loan commitments
$2,692Tier 1 (core) risk-based capital
$33,356Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$61,124Restructured Loans and leases
$5,938Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$10,743Total interest income
$1,126Total interest expense
$9,617Net interest income
$1,515Provision for loan and lease losses
$387Total noninterest income
$0Fiduciary activities
$172Service charges on deposit accounts
$0Trading account gains & fees
$215Additional noninterest income
$6,601Total noninterest expense
$3,811Salaries and employee benefits
$513Premises and equipment expense
$2,277Additional noninterest expense
$1,888Pre-tax net operating income
$0Securities gains (losses)
$624Applicable income taxes
$1,264Income before extraordinary items
$0Extraordinary gains - net
$1,264Net income attributable to bank
$0Net charge-offs
$1,264Cash dividends
$1,273Sale, conversion, retirement of capital stock, net
$195Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.86%Yield on earning assets
0.51%Cost of funding earning assets
4.35%Net interest margin
0.17%Noninterest income to earning assets
2.98%Noninterest expense to earning assets
0.54%Net operating income to assets
0.54%Return on assets (ROA)
0.81%Pretax return on assets
4.24%Return on equity (ROE)
3.59%Retained earnings to average equity (YTD only)
0.71%Net charge-offs to loans
119.01%Credit loss provision to net charge-offs
2.67%Efficiency ratio
65,984Assets per employee
7.83%Cash dividends to net income (YTD only)
Condition Ratios (%)
15.43%Loss allowance to loans
1.76%Loss allowance to noncurrent loans
111.42%Noncurrent assets plus other real estate owned to assets
1.22%Noncurrent loans to loans
1.58%Net loans and leases to deposits
89.21%Net loans and leases to core deposits
110.36%Equity capital to assets
13.41%Core capital (leverage) ratio
13.65%Tier 1 risk-based capital ratio
15.13%Total risk-based capital ratio
Memoranda
$16Average assets
$233,733Average earning assets
$29,783Average equity
$221,207Average loans
List of branches
1 Washington Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
432602
Puget Sound Bank
10500 N.E. 8th Street, Bellevue, WA 98004
April 11, 2005
Full Service Brick and Mortar
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