Venture Bank in Lacey, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 11, 2009

  • Venture Bank in Lacey, Washington (WA)
  • Show street view No street view available for this location

Venture Bank - Overview

  • General
  • FDIC Certificate #: 22868
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: First-Citizens Bank & Trust Company (#11063)
    Federal Reserve ID: 452270
    Date Established: May 24, 1979
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 21 (Interstate: No)
    OTS Docket #: 9276
    FDIC's unique #: 15980
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: May 24, 1979
    Last Structure Change Effective Date: September 11, 2009
    Last Structure Change Process Date: September 14, 2009
    Last Data Update: September 14, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 721 College Street, Lacey, WA 98503
    County: Thurston
    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): Olympia, WA (#5910)
    Consolidated Metropolitan Statistical Area (CMSA): Seattle-Tacoma-Bremerton, WA (#91)
    Combined Statistical Area (CSA): Seattle-Tacoma-Olympia, WA (#500)
    Core Based Statistical Area (CBSA): Olympia, WA (#36500)
    CBSA Metro Statistical Area: Olympia, WA (#36500)
  • History of Changes
  • Absorption - Assisted
    Corrections
  • Financial Summary
  • Total assets: $968.4 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, 2008)

  • Dollar figures in thousands
  • 244Total employees (full-time equivalent)
  • $1,130,175Total assets
  • $18,818Cash and due from depository institutions
  • $5Interest-bearing balances
  • $209,416Securities
  • $69,765Federal funds sold & reverse repurchase agreements
  • $735,608Net loans & leases
  • $25,240Loan loss allowance
  • $0Trading account assets
  • $33,388Bank premises and fixed assets
  • $11,903Other real estate owned
  • $0Goodwill and other intangibles
  • $21,238Life insurance assets
  • $51,277All other assets
  • $1,130,175Total liabilities and capital
  • $1,105,665Total liabilities
  • $1,022,489Total deposits
  • $910,409Interest-bearing deposits
  • $1,022,489Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $23,200Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $50,806Other borrowed funds
  • $0Subordinated debt
  • $9,170All other liabilities
  • $24,510Total equity capital
  • $24,510Total bank equity capital
  • $24,510Perpetual preferred stock
  • $0Common stock
  • $1,668Surplus
  • $32,240Undivided profits
  • Memoranda
  • $-9,398Noncurrent loans and leases
  • $1,105,947Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $61,464Earning assets
  • $0Long-term assets (5+ years)
  • $4,211Average Assets, year-to-date
  • $1,014,794Average Assets, quarterly
  • $170,294Volatile liabilities
  • $1,182,956Insider loans
  • $1,148,727FHLB advances
  • $450,655Loans and leases held for sale
  • $6,195Unused loan commitments
  • $50,000Tier 1 (core) risk-based capital
  • $100,000Tier 2 risk-based capital
  • $9,222Total risk weighted assets
  • $1,105,947Total unused commitments
  • $1,921Restructured Loans and leases
  • $11,441Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $72,725Total interest income
  • $31,456Total interest expense
  • $41,269Net interest income
  • $23,603Provision for loan and lease losses
  • $12,686Total noninterest income
  • $0Fiduciary activities
  • $4,225Service charges on deposit accounts
  • $0Trading account gains & fees
  • $8,461Additional noninterest income
  • $123,054Total noninterest expense
  • $15,822Salaries and employee benefits
  • $5,727Premises and equipment expense
  • $101,505Additional noninterest expense
  • -$92,702Pre-tax net operating income
  • -$1,230Securities gains (losses)
  • -$9,432Applicable income taxes
  • -$84,500Income before extraordinary items
  • $0Extraordinary gains - net
  • -$84,500Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $9,219Sale, conversion, retirement of capital stock, net
  • $2,100Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.86%Yield on earning assets
  • 2.97%Cost of funding earning assets
  • 3.89%Net interest margin
  • 1.20%Noninterest income to earning assets
  • 11.61%Noninterest expense to earning assets
  • -7.05%Net operating income to assets
  • -7.14%Return on assets (ROA)
  • -7.94%Pretax return on assets
  • -100.12%Return on equity (ROE)
  • -102.61%Retained earnings to average equity (YTD only)
  • 1.17%Net charge-offs to loans
  • 256.03%Credit loss provision to net charge-offs
  • -7.50%Efficiency ratio
  • 181,955Assets per employee
  • 4.63%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -2.49%Loss allowance to loans
  • 3.32%Loss allowance to noncurrent loans
  • 41.06%Noncurrent assets plus other real estate owned to assets
  • 6.49%Noncurrent loans to loans
  • 8.08%Net loans and leases to deposits
  • 71.94%Net loans and leases to core deposits
  • 123.62%Equity capital to assets
  • 2.17%Core capital (leverage) ratio
  • 2.47%Tier 1 risk-based capital ratio
  • 3.18%Total risk-based capital ratio
  • Memoranda
  • $4Average assets
  • $1,182,956Average earning assets
  • $84,398Average equity
  • $1,060,352Average loans

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