FDIC Certificate #: 35250 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:GBC International Bank (#22366) Federal Reserve ID: 2847900 Date Established: September 15, 1999 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) FDIC's unique #: 76807 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: September 15, 1999 Last Structure Change Effective Date: October 01, 2010 Last Structure Change Process Date: October 04, 2010 Last Data Update: October 04, 2010 Data Source Date: April 05, 2012
Location
Address: 16001 Aurora Avenue North, Shoreline, WA 98133 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)
Financial Summary
Total assets: $93.0 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2009)
Dollar figures in thousands
31Total employees (full-time equivalent)
$119,130Total assets
$19,915Cash and due from depository institutions
$18,634Interest-bearing balances
$10,387Securities
$102Federal funds sold & reverse repurchase agreements
$78,230Net loans & leases
$4,774Loan loss allowance
$0Trading account assets
$2,849Bank premises and fixed assets
$6,654Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$993All other assets
$119,130Total liabilities and capital
$114,013Total liabilities
$111,834Total deposits
$102,696Interest-bearing deposits
$111,834Deposits held in domestic offices
89.83%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,973Other borrowed funds
$0Subordinated debt
$206All other liabilities
$5,117Total equity capital
$5,117Total bank equity capital
$5,117Perpetual preferred stock
$0Common stock
$16,882Surplus
$0Undivided profits
Memoranda
$-11,765Noncurrent loans and leases
$11,399Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$12,541Earning assets
$0Long-term assets (5+ years)
$358Average Assets, year-to-date
$107,353Average Assets, quarterly
$5,603Volatile liabilities
$128,592Insider loans
$123,267FHLB advances
$28,543Loans and leases held for sale
$5,398Unused loan commitments
$1,973Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$11,399Total unused commitments
$2,171Restructured Loans and leases
$1,161Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$6,140Total interest income
$2,484Total interest expense
$3,656Net interest income
$8,257Provision for loan and lease losses
$60Total noninterest income
$0Fiduciary activities
$115Service charges on deposit accounts
$0Trading account gains & fees
-$55Additional noninterest income
$5,510Total noninterest expense
$2,144Salaries and employee benefits
$1,038Premises and equipment expense
$2,328Additional noninterest expense
-$10,051Pre-tax net operating income
-$20Securities gains (losses)
-$167Applicable income taxes
-$9,904Income before extraordinary items
$0Extraordinary gains - net
-$9,904Net income attributable to bank
$0Net charge-offs
-$9,904Cash dividends
$8,042Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.13%Yield on earning assets
2.08%Cost of funding earning assets
3.06%Net interest margin
0.05%Noninterest income to earning assets
4.61%Noninterest expense to earning assets
-7.69%Net operating income to assets
-7.70%Return on assets (ROA)
-7.83%Pretax return on assets
-101.65%Return on equity (ROE)
-101.65%Retained earnings to average equity (YTD only)
7.95%Net charge-offs to loans
102.67%Credit loss provision to net charge-offs
-0.22%Efficiency ratio
148,278Assets per employee
3.84%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
5.75%Loss allowance to noncurrent loans
38.07%Noncurrent assets plus other real estate owned to assets
16.11%Noncurrent loans to loans
15.11%Net loans and leases to deposits
69.95%Net loans and leases to core deposits
93.92%Equity capital to assets
4.30%Core capital (leverage) ratio
4.06%Tier 1 risk-based capital ratio
5.70%Total risk-based capital ratio
Memoranda
$7Average assets
$128,592Average earning assets
$9,744Average equity
$119,579Average loans
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