FDIC Certificate #: 11216 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:American Marine Bank (#16730) Federal Reserve ID: 977072 Date Established: December 24, 1919 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 7155 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: October 01, 2001 Last Structure Change Process Date: January 30, 2002 Last Data Update: January 30, 2002 Data Source Date: April 05, 2012
Location
Address: Bucklin Hill Road & State Highway 21, Silverdale, WA 98383 County: Kitsap 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): Bremerton, WA (#1150) Consolidated Metropolitan Statistical Area (CMSA): Seattle-Tacoma-Bremerton, WA (#91) Combined Statistical Area (CSA): Seattle-Tacoma-Olympia, WA (#500) Core Based Statistical Area (CBSA): Bremerton-Silverdale, WA (#14740) CBSA Metro Statistical Area: Bremerton-Silverdale, WA (#14740)
Financial Summary
Total assets: $31.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
11Total employees (full-time equivalent)
$26,197Total assets
$1,701Cash and due from depository institutions
$477Interest-bearing balances
$7,157Securities
$150Federal funds sold & reverse repurchase agreements
$16,263Net loans & leases
$215Loan loss allowance
$0Trading account assets
$580Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$346All other assets
$26,197Total liabilities and capital
$23,525Total liabilities
$22,926Total deposits
$17,838Interest-bearing deposits
$22,926Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$599All other liabilities
$2,672Total equity capital
$2,672Total bank equity capital
$2,672Perpetual preferred stock
$0Common stock
$200Surplus
$1,300Undivided profits
Memoranda
$1,172Noncurrent loans and leases
$596Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$85Average Assets, year-to-date
$24,047Average Assets, quarterly
$8,226Volatile liabilities
$27,362Insider loans
$26,659FHLB advances
$898Loans and leases held for sale
$368Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$596Total unused commitments
$0Restructured Loans and leases
$193Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$2,004Total interest income
$617Total interest expense
$1,387Net interest income
$32Provision for loan and lease losses
$172Total noninterest income
$0Fiduciary activities
$127Service charges on deposit accounts
$0Trading account gains & fees
$45Additional noninterest income
$1,541Total noninterest expense
$956Salaries and employee benefits
$209Premises and equipment expense
$376Additional noninterest expense
-$14Pre-tax net operating income
-$29Securities gains (losses)
-$17Applicable income taxes
-$26Income before extraordinary items
$0Extraordinary gains - net
-$26Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$189Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.99%Yield on earning assets
2.46%Cost of funding earning assets
5.53%Net interest margin
0.69%Noninterest income to earning assets
6.15%Noninterest expense to earning assets
-0.03%Net operating income to assets
-0.10%Return on assets (ROA)
-0.16%Pretax return on assets
-0.96%Return on equity (ROE)
-7.90%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
98,845Assets per employee
2.38%Cash dividends to net income (YTD only)
Condition Ratios (%)
-726.92%Loss allowance to loans
1.30%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
70.94%Net loans and leases to core deposits
73.83%Equity capital to assets
10.20%Core capital (leverage) ratio
9.80%Tier 1 risk-based capital ratio
17.21%Total risk-based capital ratio
Memoranda
$18Average assets
$27,362Average earning assets
$2,720Average equity
$25,066Average loans
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