RiverBank in Spokane, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • RiverBank in Spokane, Washington (WA)
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RiverBank - Overview

  • General
  • FDIC Certificate #: 58322
    Status: Active
    Federal Reserve ID: 3438958
    Bank Holding Company (Regulatory Top Holder): Riverbank Holding Company (RSSDID: 3438967, Location: Spokane, WA)
    Date Established: May 22, 2006
    WWW: http://www.riverbankonline.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 446105
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: May 22, 2006
    Last Structure Change Effective Date: November 01, 2011
    Last Structure Change Process Date: November 01, 2011
    Last Data Update: November 01, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 202 E. Spokane Falls Boulevard, Suite 500, Spokane, WA 99202
    County: Spokane
    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): Spokane, WA (#7840)
    Core Based Statistical Area (CBSA): Spokane, WA (#44060)
    CBSA Metro Statistical Area: Spokane, WA (#44060)
  • Financial Summary
  • Total assets: $139.1 mil
    Equity capital: $14.8 mil
    Deposits held in domestic offices: $123.9 mil
    Return on assets (ROA): -0.48% (-$0.7 mil)
    Quarterly return on assets: -1.08% (-$1.5 mil)
    Return on Equity (ROE): -5.98% (-$0.9 mil)
    Quarterly return on equity: -12.45% (-$1.9 mil)
    Net income: -$0.7 mil
    Quarterly Net income: -$0.4 mil
    Pretax return on assets: -0.48% (-$667.9 mil)
    Quarterly Pretax return on assets: -1.08% (-$1,502.7 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
  • 31Total employees (full-time equivalent)
  • $139,140Total assets
  • $22,252Cash and due from depository institutions
  • $18,487Interest-bearing balances
  • $3,765Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $111,218Net loans & leases
  • $2,404Loan loss allowance
  • $0Trading account assets
  • $434Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $139,140Life insurance assets
  • $1,471All other assets
  • $124,322Total liabilities and capital
  • $123,927Total liabilities
  • $108,888Total deposits
  • $123,927Interest-bearing deposits
  • $80Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $395Subordinated debt
  • $14,818All other liabilities
  • $14,818Total equity capital
  • $14,818Total bank equity capital
  • $0Perpetual preferred stock
  • $15,532Common stock
  • $5,040Surplus
  • $-5,754Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,200Income earned, not collected on loans
  • $0Earning assets
  • $397Long-term assets (5+ years)
  • $133,470Average Assets, year-to-date
  • $14,347Average Assets, quarterly
  • $143,035Volatile liabilities
  • $145,151Insider loans
  • $110,792FHLB advances
  • $142,711Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $14,787Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $19,106Restructured Loans and leases
  • $1,961Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,294Total interest income
  • $1,558Total interest expense
  • $5,736Net interest income
  • $1,600Provision for loan and lease losses
  • -$41Total noninterest income
  • $0Fiduciary activities
  • $109Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$150Additional noninterest income
  • $4,781Total noninterest expense
  • $2,532Salaries and employee benefits
  • $537Premises and equipment expense
  • $1,712Additional noninterest expense
  • -$686Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$686Income before extraordinary items
  • $0Extraordinary gains - net
  • -$686Net income attributable to bank
  • $0Net charge-offs
  • -$686Cash dividends
  • $4,214Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.33%Yield on earning assets
  • 1.14%Cost of funding earning assets
  • 4.19%Net interest margin
  • -0.03%Noninterest income to earning assets
  • 3.50%Noninterest expense to earning assets
  • -0.48%Net operating income to assets
  • -0.48%Return on assets (ROA)
  • -0.48%Pretax return on assets
  • -5.98%Return on equity (ROE)
  • -5.98%Retained earnings to average equity (YTD only)
  • 3.59%Net charge-offs to loans
  • 37.97%Credit loss provision to net charge-offs
  • 0.22%Efficiency ratio
  • 83,951Assets per employee
  • 4.49%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.12%Loss allowance to noncurrent loans
  • 29.32%Noncurrent assets plus other real estate owned to assets
  • 5.89%Noncurrent loans to loans
  • 7.22%Net loans and leases to deposits
  • 89.74%Net loans and leases to core deposits
  • 117.11%Equity capital to assets
  • 10.65%Core capital (leverage) ratio
  • 10.36%Tier 1 risk-based capital ratio
  • 13.35%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $143,035Average earning assets
  • $11,466Average equity
  • $136,775Average loans

List of branches

  • 3 Washington Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0446105Riverbank202 E. Spokane Falls Boulevard, Suite 500, Spokane, WA 99202May 22, 2006Full Service Brick and Mortar
    2478794Riverbank Mobile Branch34 E Spokane Falls Blvd, Spokane, WA 99202November 06, 2006Limited Service Mobile
    3478795Riverbank Administration Branch202 E Spokane Falls Blvd. Suite 400, Spokane, WA 99202April 01, 2008Limited Service Administrative

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