Summit Savings Bank in Bellevue, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 15, 1994

  • Summit Savings Bank in Bellevue, Washington (WA)
  • Show street view No street view available for this location

Summit Savings Bank - Overview

  • General
  • FDIC Certificate #: 32153
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Washington Mutual Bank (#9576)
    Federal Reserve ID: 424679
    Date Established: January 01, 1981
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 4 (Interstate: No)
    OTS Docket #: 7909
    FDIC's unique #: 44987
    Numeric code: 41
    Regulator: FDIC
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 28, 1983
    Last Structure Change Effective Date: November 15, 1994
    Last Structure Change Process Date: Febuary 07, 1995
    Last Data Update: Febuary 07, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 11711 Se 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)
  • Financial Summary
  • Total assets: $196.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $105Total assets
  • $206,809Cash and due from depository institutions
  • $3,823Interest-bearing balances
  • $2,797Securities
  • $49,905Federal funds sold & reverse repurchase agreements
  • $9,000Net loans & leases
  • $138,210Loan loss allowance
  • $869Trading account assets
  • $0Bank premises and fixed assets
  • $2,540Other real estate owned
  • $329Goodwill and other intangibles
  • $2,601Life insurance assets
  • $401All other assets
  • $0Total liabilities and capital
  • $206,809Total liabilities
  • $190,312Total deposits
  • $180,694Interest-bearing deposits
  • $176,885Deposits held in domestic offices
  • 180694.00%% insured (estimated)
  • $94Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $7,634Subordinated debt
  • $371All other liabilities
  • $1,613Total equity capital
  • $1,613Total bank equity capital
  • $16,497Perpetual preferred stock
  • $0Common stock
  • $21Surplus
  • $8,567Undivided profits
  • Memoranda
  • $7,909Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $372Income earned, not collected on loans
  • $683Earning assets
  • $199,912Long-term assets (5+ years)
  • $78,760Average Assets, year-to-date
  • $196,448Average Assets, quarterly
  • $206,132Volatile liabilities
  • $39,052Insider loans
  • $14FHLB advances
  • $0Loans and leases held for sale
  • $22,770Unused loan commitments
  • $27,208Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $16,096Total risk weighted assets
  • $99,213Total unused commitments
  • $0Restructured Loans and leases
  • $5,000Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $14,332Total interest expense
  • $8,251Net interest income
  • $6,081Provision for loan and lease losses
  • $180Total noninterest income
  • $3,680Fiduciary activities
  • $0Service charges on deposit accounts
  • $53Trading account gains & fees
  • $0Additional noninterest income
  • $3,627Total noninterest expense
  • $6,091Salaries and employee benefits
  • $3,215Premises and equipment expense
  • $698Additional noninterest expense
  • $2,178Pre-tax net operating income
  • $3,490Securities gains (losses)
  • $222Applicable income taxes
  • $1,139Income before extraordinary items
  • $2,573Extraordinary gains - net
  • $0Net income attributable to bank
  • $2,573Net charge-offs
  • $17Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $210Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.59%Cost of funding earning assets
  • 4.37%Net interest margin
  • 3.22%Noninterest income to earning assets
  • 1.95%Noninterest expense to earning assets
  • 3.23%Net operating income to assets
  • 1.23%Return on assets (ROA)
  • 1.31%Pretax return on assets
  • 1.89%Return on equity (ROE)
  • 17.15%Retained earnings to average equity (YTD only)
  • 17.15%Net charge-offs to loans
  • 0.01%Credit loss provision to net charge-offs
  • 1058.82%Efficiency ratio
  • 60,926Assets per employee
  • 1.97%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.62%Loss allowance to noncurrent loans
  • 233.60%Noncurrent assets plus other real estate owned to assets
  • 0.34%Noncurrent loans to loans
  • 0.27%Net loans and leases to deposits
  • 76.49%Net loans and leases to core deposits
  • 92.59%Equity capital to assets
  • 7.98%Core capital (leverage) ratio
  • 8.04%Tier 1 risk-based capital ratio
  • 16.22%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $196,448Average earning assets
  • $14,999Average equity
  • $188,802Average loans

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