U.S. Savings Bank of Washington in city_name, state_name - Detailed Financial Reports, Location

U.S. Savings Bank of Washington in Bellingham, Washington (WA)
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U.S. Savings Bank of Washington - Overview

General
FDIC Certificate #: 19634
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: U.S. Bank of Washington, National Association (#1277)
Federal Reserve ID: 386571
Date Established: October 01, 1966
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 4 (Interstate: No)
OTS Docket #: 1105
FDIC's unique #: 13433
Numeric code: 41
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
FDIC Insured: Yes
Insured Savings Institution: Yes
Oakar Institutions: Yes
State Chartered: Yes
Date of Deposit Insurance: October 01, 1966
Last Structure Change Effective Date: January 31, 1997
Last Structure Change Process Date: Febuary 13, 1997
Last Data Update: Febuary 13, 1997
Data Source Date: April 05, 2012
Location
Address: 1621 Cornwall Avenue, Bellingham, WA 98225
County: Whatcom
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): Bellingham, WA (#860)
Core Based Statistical Area (CBSA): Bellingham, WA (#13380)
CBSA Metro Statistical Area: Bellingham, WA (#13380)
Financial Summary
Total assets: $670.0 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$22Total assets
$669,978Cash and due from depository institutions
$2,912Interest-bearing balances
$1,266Securities
$20,724Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$635,324Loan loss allowance
$7,362Trading account assets
$0Bank premises and fixed assets
$899Other real estate owned
$92Goodwill and other intangibles
$6,992Life insurance assets
$3,035All other assets
$0Total liabilities and capital
$669,978Total liabilities
$568,141Total deposits
$112,308Interest-bearing deposits
$112,191Deposits held in domestic offices
112308.00%% insured (estimated)
$92Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$443,250Subordinated debt
$0All other liabilities
$12,583Total equity capital
$12,583Total bank equity capital
$101,837Perpetual preferred stock
$0Common stock
$7,817Surplus
$21,004Undivided profits
Memoranda
$73,016Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$2,513Income earned, not collected on loans
$3,866Earning assets
$657,314Long-term assets (5+ years)
$203,079Average Assets, year-to-date
$875,731Average Assets, quarterly
$706,582Volatile liabilities
$362,766Insider loans
$0FHLB advances
$0Loans and leases held for sale
$17,631Unused loan commitments
$17,452Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$101,836Total risk weighted assets
$423,672Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$75,583Total interest expense
$41,294Net interest income
$34,289Provision for loan and lease losses
$170Total noninterest income
$32,586Fiduciary activities
$0Service charges on deposit accounts
$793Trading account gains & fees
$0Additional noninterest income
$31,793Total noninterest expense
$20,779Salaries and employee benefits
$9,924Premises and equipment expense
$2,058Additional noninterest expense
$8,797Pre-tax net operating income
$45,926Securities gains (losses)
$277Applicable income taxes
$17,529Income before extraordinary items
$28,674Extraordinary gains - net
$0Net income attributable to bank
$28,674Net charge-offs
$155Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.88%Cost of funding earning assets
4.85%Net interest margin
4.03%Noninterest income to earning assets
3.83%Noninterest expense to earning assets
2.44%Net operating income to assets
3.25%Return on assets (ROA)
3.27%Pretax return on assets
5.28%Return on equity (ROE)
31.94%Retained earnings to average equity (YTD only)
31.94%Net charge-offs to loans
0.02%Credit loss provision to net charge-offs
109.68%Efficiency ratio
30,641Assets per employee
30.45%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.15%Loss allowance to noncurrent loans
292.96%Noncurrent assets plus other real estate owned to assets
0.39%Noncurrent loans to loans
0.39%Net loans and leases to deposits
565.70%Net loans and leases to core deposits
715.78%Equity capital to assets
15.20%Core capital (leverage) ratio
14.45%Tier 1 risk-based capital ratio
24.04%Total risk-based capital ratio
Memoranda
$25Average assets
$875,731Average earning assets
$89,773Average equity
$850,989Average loans

U.S. Savings Bank of Washington in Bellingham, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches

U.S. Savings Bank of Washington - Overview

Assets and Liabilities (December 31, 1996)

Income and Expense (December 31, 1996)

Performance and Condition Ratios (December 31, 1996)

Comment about this bank, ask questions, or add new information about it:

U.S. Savings Bank of Washington in Bellingham, Washington (WA)Overview, Financial Summary, Detailed Financial Reports, Branches

U.S. Savings Bank of Washington - Overview

Assets and Liabilities (December 31, 1996)

Income and Expense (December 31, 1996)

Performance and Condition Ratios (December 31, 1996)

Comment about this bank, ask questions, or add new information about it:

U.S. Savings Bank of Washington in Bellingham, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches