Towne Bank in Woodinville, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 30, 2000

  • Towne Bank in Woodinville, Washington (WA)
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Towne Bank - Overview

  • General
  • FDIC Certificate #: 33349
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Banner Bank (#28489)
    Federal Reserve ID: 1856071
    Date Established: April 01, 1991
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Interstate: No)
    OTS Docket #: 12647
    FDIC's unique #: 46928
    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: April 01, 1991
    Last Structure Change Effective Date: October 30, 2000
    Last Structure Change Process Date: January 31, 2001
    Last Data Update: January 31, 2001
    Data Source Date: April 05, 2012
  • Location
  • Address: 17530 132nd Avenue, N.E., Woodinville, WA 98072
    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: $360.7 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, 1999)

  • Dollar figures in thousands
  • 88Total employees (full-time equivalent)
  • $302,473Total assets
  • $8,492Cash and due from depository institutions
  • $558Interest-bearing balances
  • $3,923Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $268,117Net loans & leases
  • $2,959Loan loss allowance
  • $0Trading account assets
  • $1,917Bank premises and fixed assets
  • $205Other real estate owned
  • $17,010Goodwill and other intangibles
  • $0Life insurance assets
  • $2,809All other assets
  • $302,473Total liabilities and capital
  • $261,391Total liabilities
  • $245,847Total deposits
  • $210,145Interest-bearing deposits
  • $245,847Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $13,500Other borrowed funds
  • $0Subordinated debt
  • $2,044All other liabilities
  • $41,082Total equity capital
  • $41,082Total bank equity capital
  • $41,082Perpetual preferred stock
  • $0Common stock
  • $2,851Surplus
  • $36,119Undivided profits
  • Memoranda
  • $2,112Noncurrent loans and leases
  • $67,085Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $964Earning assets
  • $0Long-term assets (5+ years)
  • $1,444Average Assets, year-to-date
  • $272,598Average Assets, quarterly
  • $34,861Volatile liabilities
  • $249,815Insider loans
  • $287,837FHLB advances
  • $99,168Loans and leases held for sale
  • $491Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,238Total risk weighted assets
  • $67,085Total unused commitments
  • $0Restructured Loans and leases
  • $2,959Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $22,177Total interest income
  • $8,838Total interest expense
  • $13,339Net interest income
  • $1,380Provision for loan and lease losses
  • $1,061Total noninterest income
  • $0Fiduciary activities
  • $597Service charges on deposit accounts
  • $0Trading account gains & fees
  • $464Additional noninterest income
  • $9,000Total noninterest expense
  • $4,086Salaries and employee benefits
  • $1,390Premises and equipment expense
  • $3,524Additional noninterest expense
  • $4,020Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,905Applicable income taxes
  • $2,115Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,115Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $351Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 10.11%Yield on earning assets
  • 4.03%Cost of funding earning assets
  • 6.08%Net interest margin
  • 0.48%Noninterest income to earning assets
  • 4.10%Noninterest expense to earning assets
  • 0.85%Net operating income to assets
  • 0.85%Return on assets (ROA)
  • 1.61%Pretax return on assets
  • 5.71%Return on equity (ROE)
  • 5.71%Retained earnings to average equity (YTD only)
  • 0.16%Net charge-offs to loans
  • 393.16%Credit loss provision to net charge-offs
  • 15.38%Efficiency ratio
  • 52,951Assets per employee
  • 3.44%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.09%Loss allowance to noncurrent loans
  • 306.95%Noncurrent assets plus other real estate owned to assets
  • 0.39%Noncurrent loans to loans
  • 0.36%Net loans and leases to deposits
  • 109.06%Net loans and leases to core deposits
  • 167.39%Equity capital to assets
  • 13.58%Core capital (leverage) ratio
  • 8.91%Tier 1 risk-based capital ratio
  • 8.78%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $249,815Average earning assets
  • $37,049Average equity
  • $219,383Average loans

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