FDIC Certificate #: 33618 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:AmericanWest Bank (#22441) Federal Reserve ID: 1973129 Date Established: July 01, 1992 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 7 (Interstate: No) OTS Docket #: 10958 FDIC's unique #: 47672 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: July 01, 1992 Last Structure Change Effective Date: December 01, 2011 Last Structure Change Process Date: December 12, 2011 Last Data Update: December 12, 2011 Data Source Date: April 05, 2012
Location
Address: 2227 N.W. 57th Street, Seattle, WA 98107 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: $387.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2010)
Dollar figures in thousands
94Total employees (full-time equivalent)
$435,570Total assets
$60,411Cash and due from depository institutions
$59,094Interest-bearing balances
$3,020Securities
$0Federal funds sold & reverse repurchase agreements
$337,180Net loans & leases
$9,303Loan loss allowance
$0Trading account assets
$8,371Bank premises and fixed assets
$11,742Other real estate owned
$0Goodwill and other intangibles
$7,076Life insurance assets
$14,846All other assets
$435,570Total liabilities and capital
$408,831Total liabilities
$403,660Total deposits
$319,682Interest-bearing deposits
$403,660Deposits held in domestic offices
90.96%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$5,171All other liabilities
$26,739Total equity capital
$26,739Total bank equity capital
$26,739Perpetual preferred stock
$0Common stock
$183Surplus
$22,605Undivided profits
Memoranda
$3,951Noncurrent loans and leases
$46,213Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$36,491Earning assets
$1,718Long-term assets (5+ years)
$1,438Average Assets, year-to-date
$399,294Average Assets, quarterly
$51,205Volatile liabilities
$515,488Insider loans
$453,679FHLB advances
$56,068Loans and leases held for sale
$805Unused loan commitments
$0Tier 1 (core) risk-based capital
$4,582Tier 2 risk-based capital
$2,512Total risk weighted assets
$46,213Total unused commitments
$7,739Restructured Loans and leases
$4,399Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$23,737Total interest income
$6,459Total interest expense
$17,278Net interest income
$10,640Provision for loan and lease losses
-$1,968Total noninterest income
$164Fiduciary activities
$722Service charges on deposit accounts
$0Trading account gains & fees
-$2,854Additional noninterest income
$14,947Total noninterest expense
$6,125Salaries and employee benefits
$2,631Premises and equipment expense
$6,191Additional noninterest expense
-$10,277Pre-tax net operating income
$953Securities gains (losses)
$225Applicable income taxes
-$9,549Income before extraordinary items
$0Extraordinary gains - net
-$9,549Net income attributable to bank
$0Net charge-offs
-$9,549Cash dividends
$12,983Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.04%Yield on earning assets
1.37%Cost of funding earning assets
3.67%Net interest margin
-0.42%Noninterest income to earning assets
3.17%Noninterest expense to earning assets
-2.04%Net operating income to assets
-1.85%Return on assets (ROA)
-1.81%Pretax return on assets
-29.87%Return on equity (ROE)
-29.87%Retained earnings to average equity (YTD only)
3.30%Net charge-offs to loans
81.95%Credit loss provision to net charge-offs
0.03%Efficiency ratio
97,629Assets per employee
4.63%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.68%Loss allowance to noncurrent loans
25.49%Noncurrent assets plus other real estate owned to assets
11.07%Noncurrent loans to loans
10.53%Net loans and leases to deposits
83.53%Net loans and leases to core deposits
97.00%Equity capital to assets
6.14%Core capital (leverage) ratio
5.30%Tier 1 risk-based capital ratio
6.99%Total risk-based capital ratio
Memoranda
$8Average assets
$515,488Average earning assets
$31,972Average equity
$471,333Average loans
Total Fiduciary and Related Assets (December 31, 2010)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$1Managed Assets
1Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Investment management agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
12Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$1Other retirement accounts
$0Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
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