Washington Business Bank in Olympia, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Washington Business Bank in Olympia, Washington (WA)
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Washington Business Bank - Overview

  • General
  • FDIC Certificate #: 57167
    Status: Active
    Federal Reserve ID: 3102893
    Date Established: March 18, 2002
    WWW: http://www.wabizbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 358961
    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: March 18, 2002
    Last Structure Change Effective Date: March 28, 2011
    Last Structure Change Process Date: March 28, 2011
    Last Data Update: March 28, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 2607 Martin Way East, Suite 211, Olympia, WA 98506
    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)
  • Financial Summary
  • Total assets: $67.4 mil
    Equity capital: $6.9 mil
    Deposits held in domestic offices: $55.2 mil
    Return on assets (ROA): 0.16% ($0.1 mil)
    Quarterly return on assets: 0.07% ($0.0 mil)
    Return on Equity (ROE): 1.67% ($0.1 mil)
    Quarterly return on equity: 0.70% ($0.0 mil)
    Net income: $0.1 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.25% ($168.5 mil)
    Quarterly Pretax return on assets: 0.11% ($74.2 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
  • 13Total employees (full-time equivalent)
  • $67,412Total assets
  • $1,425Cash and due from depository institutions
  • $536Interest-bearing balances
  • $3,114Securities
  • $5,520Federal funds sold & reverse repurchase agreements
  • $53,563Net loans & leases
  • $976Loan loss allowance
  • $0Trading account assets
  • $101Bank premises and fixed assets
  • $2,233Other real estate owned
  • $0Goodwill and other intangibles
  • $67,412Life insurance assets
  • $1,456All other assets
  • $60,557Total liabilities and capital
  • $55,216Total liabilities
  • $48,843Total deposits
  • $55,216Interest-bearing deposits
  • $77Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,300Trading liabilities
  • $0Other borrowed funds
  • $41Subordinated debt
  • $6,855All other liabilities
  • $6,855Total equity capital
  • $6,855Total bank equity capital
  • $0Perpetual preferred stock
  • $8,788Common stock
  • $193Surplus
  • $-2,126Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $807Income earned, not collected on loans
  • $31Earning assets
  • $155Long-term assets (5+ years)
  • $62,733Average Assets, year-to-date
  • $13,455Average Assets, quarterly
  • $68,650Volatile liabilities
  • $66,567Insider loans
  • $56,400FHLB advances
  • $65,103Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $6,394Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,005Restructured Loans and leases
  • $1,845Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,744Total interest income
  • $616Total interest expense
  • $3,128Net interest income
  • $485Provision for loan and lease losses
  • $548Total noninterest income
  • $0Fiduciary activities
  • $77Service charges on deposit accounts
  • $0Trading account gains & fees
  • $471Additional noninterest income
  • $3,020Total noninterest expense
  • $1,202Salaries and employee benefits
  • $364Premises and equipment expense
  • $1,454Additional noninterest expense
  • $171Pre-tax net operating income
  • $0Securities gains (losses)
  • $58Applicable income taxes
  • $113Income before extraordinary items
  • $0Extraordinary gains - net
  • $113Net income attributable to bank
  • $0Net charge-offs
  • $113Cash dividends
  • $542Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.94%Yield on earning assets
  • 0.98%Cost of funding earning assets
  • 4.97%Net interest margin
  • 0.87%Noninterest income to earning assets
  • 4.79%Noninterest expense to earning assets
  • 0.16%Net operating income to assets
  • 0.16%Return on assets (ROA)
  • 0.25%Pretax return on assets
  • 1.67%Return on equity (ROE)
  • 1.67%Retained earnings to average equity (YTD only)
  • 0.96%Net charge-offs to loans
  • 89.48%Credit loss provision to net charge-offs
  • 1.21%Efficiency ratio
  • 82,155Assets per employee
  • 5.19%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.79%Loss allowance to noncurrent loans
  • 120.94%Noncurrent assets plus other real estate owned to assets
  • 4.51%Noncurrent loans to loans
  • 1.48%Net loans and leases to deposits
  • 97.01%Net loans and leases to core deposits
  • 108.30%Equity capital to assets
  • 10.17%Core capital (leverage) ratio
  • 9.82%Tier 1 risk-based capital ratio
  • 11.34%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $68,650Average earning assets
  • $6,782Average equity
  • $62,996Average loans

List of branches

  • 2 Washington Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0358961Washington Business Bank2607 Martin Way East, Suite 211, Olympia, WA 98506March 18, 2002Full Service Brick and Mortar
    1427189Loan Production Office1126 S. Gold Street, Suite 269, Centralia, WA 98531April 15, 2004Limited Service Loan Production

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