United Savings and Loan Bank in Seattle, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 31, 2003

  • United Savings and Loan Bank in Seattle, Washington (WA)
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United Savings and Loan Bank - Overview

  • General
  • FDIC Certificate #: 31131
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Washington Federal (#28088)
    Federal Reserve ID: 815679
    Date Established: January 01, 1959
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 6436
    FDIC's unique #: 43965
    Numeric code: 35
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: Yes
    Date of Deposit Insurance: June 21, 1960
    Last Structure Change Effective Date: August 31, 2003
    Last Structure Change Process Date: November 17, 2003
    Last Data Update: November 17, 2003
    Data Source Date: April 05, 2012
  • Location
  • Address: 601 South Jackson Street, Seattle, WA 98104
    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: $320.4 mil

1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)

  • Dollar figures in thousands
  • 43Total employees (full-time equivalent)
  • $311,446Total assets
  • $73,736Cash and due from depository institutions
  • $71,374Interest-bearing balances
  • $32,098Securities
  • $400Federal funds sold & reverse repurchase agreements
  • $195,580Net loans & leases
  • $1,571Loan loss allowance
  • $0Trading account assets
  • $1,407Bank premises and fixed assets
  • $371Other real estate owned
  • $186Goodwill and other intangibles
  • $0Life insurance assets
  • $7,668All other assets
  • $311,446Total liabilities and capital
  • $269,617Total liabilities
  • $262,854Total deposits
  • $261,129Interest-bearing deposits
  • $262,854Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $250Other borrowed funds
  • $0Subordinated debt
  • $6,513All other liabilities
  • $41,829Total equity capital
  • $41,829Total bank equity capital
  • $41,829Perpetual preferred stock
  • $0Common stock
  • $407Surplus
  • $1,338Undivided profits
  • Memoranda
  • $40,084Noncurrent loans and leases
  • $3,806Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $524Earning assets
  • $0Long-term assets (5+ years)
  • $1,199Average Assets, year-to-date
  • $299,452Average Assets, quarterly
  • $0Volatile liabilities
  • $307,315Insider loans
  • $308,226FHLB advances
  • $51,999Loans and leases held for sale
  • $0Unused loan commitments
  • $250Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,806Total unused commitments
  • $667Restructured Loans and leases
  • $1,571Derivatives

Income and Expense (December 31, 2002)

  • Dollar figures in thousands
  • $16,430Total interest income
  • $8,429Total interest expense
  • $8,001Net interest income
  • $75Provision for loan and lease losses
  • $845Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $845Additional noninterest income
  • $3,770Total noninterest expense
  • $2,138Salaries and employee benefits
  • $646Premises and equipment expense
  • $986Additional noninterest expense
  • $5,001Pre-tax net operating income
  • $57Securities gains (losses)
  • $1,701Applicable income taxes
  • $3,357Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,357Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$1Sale, conversion, retirement of capital stock, net
  • $570Net operating income

Performance and Condition Ratios (December 31, 2002)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.55%Yield on earning assets
  • 2.85%Cost of funding earning assets
  • 2.70%Net interest margin
  • 0.29%Noninterest income to earning assets
  • 1.27%Noninterest expense to earning assets
  • 1.08%Net operating income to assets
  • 1.09%Return on assets (ROA)
  • 1.65%Pretax return on assets
  • 8.36%Return on equity (ROE)
  • 6.94%Retained earnings to average equity (YTD only)
  • -0.00%Net charge-offs to loans
  • -7500.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 42,618Assets per employee
  • 7.24%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 16.98%Loss allowance to loans
  • 0.80%Loss allowance to noncurrent loans
  • 299.81%Noncurrent assets plus other real estate owned to assets
  • 0.29%Noncurrent loans to loans
  • 0.27%Net loans and leases to deposits
  • 74.41%Net loans and leases to core deposits
  • 92.65%Equity capital to assets
  • 13.43%Core capital (leverage) ratio
  • 12.86%Tier 1 risk-based capital ratio
  • 30.43%Total risk-based capital ratio
  • Memoranda
  • $32Average assets
  • $307,315Average earning assets
  • $40,159Average equity
  • $296,257Average loans

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