The Columbia Bank in Wenatchee, Washington (WA)



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Table of contents:
The Columbia Bank
GeneralFDIC Certificate #: 17183
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Washington Trust Bank (#1281)
Federal Reserve ID: 79574
Date Established: Febuary 09, 1953
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 8 (Interstate: No)
OTS Docket #: 10309
FDIC's unique #: 11215
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: Febuary 09, 1953
Last Structure Change Effective Date: September 26, 1994
Last Structure Change Process Date: October 27, 1994
Last Data Update: October 27, 1994
Data Source Date: April 05, 2012
LocationAddress: 29 South Wenatchee Avenue, Wenatchee, WA 98801
County: Chelan
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
Core Based Statistical Area (CBSA): Wenatchee-East Wenatchee, WA (#48300)
CBSA Metro Statistical Area: Wenatchee-East Wenatchee, WA (#48300)
Financial SummaryTotal assets: $165.6 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)
Total employees (full-time equivalent)0
Total assets$105
Cash and due from depository institutions$160,088
Interest-bearing balances$7,227
Securities$0
Federal funds sold & reverse repurchase agreements$40,108
Net loans & leases$2,047
Loan loss allowance $104,324
Trading account assets$1,488
Bank premises and fixed assets$0
Other real estate owned$3,635
Goodwill and other intangibles$365
All other assets$0
Life insurance assets$2,382
Total liabilities and capital$0
Total liabilities$160,088
Total deposits$148,890
Interest-bearing deposits$146,926
Deposits held in domestic offices$122,438
% insured (estimated)146926.00%
Federal funds purchased & repurchase agreements $88
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $0
Total equity capital$1,964
Total bank equity capital$1,964
Perpetual preferred stock$11,198
Common stock$0
Surplus$1,500
Undivided profits $3,500
Memoranda
Noncurrent loans and leases $6,198
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $916
Earning assets $1,004
Long-term assets (5+ years) $146,479
Average Assets, year-to-date $25,149
Average Assets, quarterly $152,415
Volatile liabilities $158,265
Insider loans $2,700
FHLB advances $2,624
Loans and leases held for sale $0
Unused loan commitments $2,593
Tier 1 (core) risk-based capital $26,593
Tier 2 risk-based capital $0
Total risk weighted assets $11,198
Total unused commitments $109,378
Restructured Loans and leases $0
Derivatives$0
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Income and Expense (December 31, 1993)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $11,661
Net interest income $3,920
Provision for loan and lease losses $7,741
Total noninterest income $610
Fiduciary activities $2,151
Service charges on deposit accounts $0
Trading account gains & fees $551
Additional noninterest income $0
Total noninterest expense $1,600
Salaries and employee benefits $6,473
Premises and equipment expense $3,500
Additional noninterest expense $740
Pre-tax net operating income $2,233
Securities gains (losses) $2,809
Applicable income taxes $8
Income before extraordinary items $783
Extraordinary gains - net $2,034
Net income attributable to bank $0
Net charge-offs $2,034
Cash dividends $509
Sale, conversion, retirement of capital stock, net $336
Net operating income $0
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Performance and Condition Ratios (December 31, 1993)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 8.38%
Net interest margin 2.82%
Noninterest income to earning assets 5.56%
Noninterest expense to earning assets 1.55%
Net operating income to assets 4.65%
Return on assets (ROA) 1.33%
Pretax return on assets 1.33%
Return on equity (ROE) 1.85%
Retained earnings to average equity (YTD only) 19.57%
Net charge-offs to loans 16.34%
Credit loss provision to net charge-offs 0.51%
Efficiency ratio119.84%
Assets per employee$65,437
Cash dividends to net income (YTD only)1.52%
Condition Ratios (%)
Loss allowance to loans 16.52%
Loss allowance to noncurrent loans 1.41%
Noncurrent assets plus other real estate owned to assets 162.45%
Noncurrent loans to loans 0.80%
Net loans and leases to deposits0.87%
Net loans and leases to core deposits 71.00%
Equity capital to assets 72.33%
Core capital (leverage) ratio 6.99%
Tier 1 risk-based capital ratio 7.09%
Total risk-based capital ratio 10.24%
Memoranda
Average assets$11
Average earning assets$152,415
Average equity $10,393
Average loans $139,142
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