UniBank in Lynnwood, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches

UniBank - Overview

  • General
  • FDIC Certificate #: 58407
    Status: Active
    Federal Reserve ID: 3487947
    Bank Holding Company (Regulatory Top Holder): U & I Financial Corp. (RSSDID: 4125086, Location: Lynnwood, WA)
    Date Established: November 01, 2006
    WWW: http://www.unibankusa.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 450912
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: November 01, 2006
    Last Structure Change Effective Date: July 27, 2009
    Last Structure Change Process Date: July 27, 2009
    Last Data Update: July 27, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 16929 Highway 99, Suite 110, Lynnwood, WA 98037
    County: Snohomish
    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: $164.9 mil
    Equity capital: $29.1 mil
    Deposits held in domestic offices: $126.6 mil
    Return on assets (ROA): 0.76% ($1.3 mil)
    Quarterly return on assets: 1.05% ($1.7 mil)
    Return on Equity (ROE): 4.55% ($1.3 mil)
    Quarterly return on equity: 5.89% ($1.7 mil)
    Net income: $1.1 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 0.96% ($1,583.2 mil)
    Quarterly Pretax return on assets: 1.41% ($2,325.3 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, 2011)

  • Dollar figures in thousands
  • 42Total employees (full-time equivalent)
  • $164,912Total assets
  • $27,263Cash and due from depository institutions
  • $25,830Interest-bearing balances
  • $22,637Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $110,360Net loans & leases
  • $2,200Loan loss allowance
  • $0Trading account assets
  • $685Bank premises and fixed assets
  • $0Other real estate owned
  • $876Goodwill and other intangibles
  • $164,913Life insurance assets
  • $3,091All other assets
  • $135,831Total liabilities and capital
  • $126,558Total liabilities
  • $113,269Total deposits
  • $126,558Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $8,400Trading liabilities
  • $0Other borrowed funds
  • $873Subordinated debt
  • $29,082All other liabilities
  • $29,082Total equity capital
  • $29,082Total bank equity capital
  • $4,950Perpetual preferred stock
  • $21,920Common stock
  • $798Surplus
  • $1,414Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $381Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,061Income earned, not collected on loans
  • $550Earning assets
  • $737Long-term assets (5+ years)
  • $158,827Average Assets, year-to-date
  • $34,084Average Assets, quarterly
  • $151,159Volatile liabilities
  • $162,429Insider loans
  • $120,774FHLB advances
  • $160,005Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $28,184Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,960Restructured Loans and leases
  • $323Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,650Total interest income
  • $2,254Total interest expense
  • $5,396Net interest income
  • $1,874Provision for loan and lease losses
  • $3,010Total noninterest income
  • $0Fiduciary activities
  • $75Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,935Additional noninterest income
  • $5,077Total noninterest expense
  • $2,353Salaries and employee benefits
  • $549Premises and equipment expense
  • $2,175Additional noninterest expense
  • $1,455Pre-tax net operating income
  • $0Securities gains (losses)
  • $305Applicable income taxes
  • $1,150Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,150Net income attributable to bank
  • $0Net charge-offs
  • $1,150Cash dividends
  • $1,474Sale, conversion, retirement of capital stock, net
  • $572Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.27%Yield on earning assets
  • 1.55%Cost of funding earning assets
  • 3.72%Net interest margin
  • 2.07%Noninterest income to earning assets
  • 3.50%Noninterest expense to earning assets
  • 0.76%Net operating income to assets
  • 0.76%Return on assets (ROA)
  • 0.96%Pretax return on assets
  • 4.55%Return on equity (ROE)
  • 2.29%Retained earnings to average equity (YTD only)
  • 1.33%Net charge-offs to loans
  • 127.14%Credit loss provision to net charge-offs
  • 2.26%Efficiency ratio
  • 60,397Assets per employee
  • 3.93%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 49.74%Loss allowance to loans
  • 1.95%Loss allowance to noncurrent loans
  • 27.29%Noncurrent assets plus other real estate owned to assets
  • 4.89%Noncurrent loans to loans
  • 7.16%Net loans and leases to deposits
  • 87.20%Net loans and leases to core deposits
  • 94.76%Equity capital to assets
  • 17.63%Core capital (leverage) ratio
  • 17.61%Tier 1 risk-based capital ratio
  • 23.34%Total risk-based capital ratio
  • Memoranda
  • $25Average assets
  • $151,159Average earning assets
  • $25,257Average equity
  • $145,065Average loans

List of branches

  • 3 Washington Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0450912Unibank16929 Highway 99, Suite 110, Lynnwood, WA 98037November 01, 2006Full Service Brick and Mortar
    1510349Tacoma Market Branch9701 S. Tacoma Way, Suite 107, Lakewood, WA 98499January 11, 2010Full Service Brick and Mortar
    2517575Federal Way Branch31433 Pacific Highway South, Federal Way, WA 98003March 01, 2011Full Service Brick and Mortar

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