FDIC Certificate #: 57808 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:AmericanWest Bank (#22441) Federal Reserve ID: 3195037 Date Established: August 02, 2004 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) FDIC's unique #: 425770 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: August 02, 2004 Last Structure Change Effective Date: July 29, 2011 Last Structure Change Process Date: August 02, 2011 Last Data Update: August 02, 2011 Data Source Date: April 05, 2012
Location
Address: 1350 Rosecrans Street, San Diego, CA 92106 County: San Diego Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: Chicago FDIC Field Office: Orange Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): San Diego, CA (#7320) Core Based Statistical Area (CBSA): San Diego-Carlsbad-San Marcos, CA (#41740) CBSA Metro Statistical Area: San Diego-Carlsbad-San Marcos, CA (#41740)
Financial Summary
Total assets: $225.3 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2010)
Dollar figures in thousands
58Total employees (full-time equivalent)
$231,836Total assets
$45,249Cash and due from depository institutions
$38,850Interest-bearing balances
$1,993Securities
$0Federal funds sold & reverse repurchase agreements
$175,826Net loans & leases
$7,815Loan loss allowance
$0Trading account assets
$600Bank premises and fixed assets
$3,482Other real estate owned
$0Goodwill and other intangibles
$10Life insurance assets
$4,686All other assets
$231,836Total liabilities and capital
$212,263Total liabilities
$210,536Total deposits
$129,308Interest-bearing deposits
$210,536Deposits held in domestic offices
92.73%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,500Other borrowed funds
$0Subordinated debt
$227All other liabilities
$19,573Total equity capital
$19,573Total bank equity capital
$19,573Perpetual preferred stock
$0Common stock
$33,584Surplus
$5,885Undivided profits
Memoranda
$-19,896Noncurrent loans and leases
$29,204Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$8,529Earning assets
$0Long-term assets (5+ years)
$691Average Assets, year-to-date
$216,669Average Assets, quarterly
$50,443Volatile liabilities
$258,518Insider loans
$247,075FHLB advances
$44,669Loans and leases held for sale
$1,915Unused loan commitments
$1,500Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$29,204Total unused commitments
$3,807Restructured Loans and leases
$2,288Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$12,681Total interest income
$1,355Total interest expense
$11,326Net interest income
$5,810Provision for loan and lease losses
-$846Total noninterest income
$0Fiduciary activities
$344Service charges on deposit accounts
$0Trading account gains & fees
-$1,190Additional noninterest income
$14,997Total noninterest expense
$4,544Salaries and employee benefits
$1,487Premises and equipment expense
$8,966Additional noninterest expense
-$10,327Pre-tax net operating income
$0Securities gains (losses)
$31Applicable income taxes
-$10,358Income before extraordinary items
$0Extraordinary gains - net
-$10,358Net income attributable to bank
$0Net charge-offs
-$10,358Cash dividends
$4,726Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.34%Yield on earning assets
0.57%Cost of funding earning assets
4.77%Net interest margin
-0.36%Noninterest income to earning assets
6.31%Noninterest expense to earning assets
-4.01%Net operating income to assets
-4.01%Return on assets (ROA)
-3.99%Pretax return on assets
-41.65%Return on equity (ROE)
-41.65%Retained earnings to average equity (YTD only)
2.38%Net charge-offs to loans
122.94%Credit loss provision to net charge-offs
-0.96%Efficiency ratio
97,576Assets per employee
4.00%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
4.26%Loss allowance to noncurrent loans
91.63%Noncurrent assets plus other real estate owned to assets
5.18%Noncurrent loans to loans
4.64%Net loans and leases to deposits
83.51%Net loans and leases to core deposits
105.05%Equity capital to assets
8.44%Core capital (leverage) ratio
7.04%Tier 1 risk-based capital ratio
9.93%Total risk-based capital ratio
Memoranda
$11Average assets
$258,518Average earning assets
$24,866Average equity
$237,548Average loans
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