West One Bank, Washington in Seattle, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 29, 1993

  • West One Bank, Washington in Seattle, Washington (WA)
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West One Bank, Washington - Overview

  • General
  • FDIC Certificate #: 23503
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: West One Bank, Washington (#22192)
    Federal Reserve ID: 1016978
    Date Established: August 03, 1981
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 45 (Interstate: No)
    OTS Docket #: 9502
    FDIC's unique #: 16468
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: August 03, 1981
    Last Structure Change Effective Date: December 29, 1993
    Last Structure Change Process Date: Febuary 10, 1994
    Last Data Update: Febuary 17, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 1360 Fourth Avenue, Seattle, WA 98101
    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)
  • History of Changes
  • Merger - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $1,741.5 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $751Total assets
  • $1,655,224Cash and due from depository institutions
  • $131,461Interest-bearing balances
  • $10,000Securities
  • $452,602Federal funds sold & reverse repurchase agreements
  • $31,417Net loans & leases
  • $986,858Loan loss allowance
  • $11,935Trading account assets
  • $77Bank premises and fixed assets
  • $29,723Other real estate owned
  • $1,215Goodwill and other intangibles
  • $21,871Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $1,655,224Total liabilities
  • $1,545,803Total deposits
  • $1,417,736Interest-bearing deposits
  • $1,160,506Deposits held in domestic offices
  • 1417736.00%% insured (estimated)
  • $81Federal funds purchased & repurchase agreements
  • $100,424Trading liabilities
  • $0Other borrowed funds
  • $15,893Subordinated debt
  • $0All other liabilities
  • $11,750Total equity capital
  • $11,750Total bank equity capital
  • $109,421Perpetual preferred stock
  • $0Common stock
  • $1,135Surplus
  • $101,729Undivided profits
  • Memoranda
  • $6,557Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,279Income earned, not collected on loans
  • $4,787Earning assets
  • $1,480,954Long-term assets (5+ years)
  • $376,122Average Assets, year-to-date
  • $814,461Average Assets, quarterly
  • $1,614,951Volatile liabilities
  • $213,480Insider loans
  • $164FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $432,043Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $109,421Total risk weighted assets
  • $1,191,022Total unused commitments
  • $0Restructured Loans and leases
  • $15,399Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $48,924Total interest expense
  • $22,231Net interest income
  • $26,693Provision for loan and lease losses
  • $537Total noninterest income
  • $4,629Fiduciary activities
  • $0Service charges on deposit accounts
  • $3,176Trading account gains & fees
  • $143Additional noninterest income
  • $1,310Total noninterest expense
  • $22,165Salaries and employee benefits
  • $9,105Premises and equipment expense
  • $3,298Additional noninterest expense
  • $9,762Pre-tax net operating income
  • $8,620Securities gains (losses)
  • -$13Applicable income taxes
  • $2,071Income before extraordinary items
  • $6,536Extraordinary gains - net
  • $0Net income attributable to bank
  • $6,536Net charge-offs
  • $582Cash dividends
  • $1,283Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 6.67%Cost of funding earning assets
  • 3.03%Net interest margin
  • 3.64%Noninterest income to earning assets
  • 0.63%Noninterest expense to earning assets
  • 3.02%Net operating income to assets
  • 0.80%Return on assets (ROA)
  • 0.80%Pretax return on assets
  • 1.06%Return on equity (ROE)
  • 11.04%Retained earnings to average equity (YTD only)
  • 8.87%Net charge-offs to loans
  • 0.12%Credit loss provision to net charge-offs
  • 92.27%Efficiency ratio
  • 70,765Assets per employee
  • 2.20%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 19.63%Loss allowance to loans
  • 1.19%Loss allowance to noncurrent loans
  • 278.92%Noncurrent assets plus other real estate owned to assets
  • 0.33%Noncurrent loans to loans
  • 0.43%Net loans and leases to deposits
  • 69.61%Net loans and leases to core deposits
  • 74.73%Equity capital to assets
  • 6.61%Core capital (leverage) ratio
  • 6.92%Tier 1 risk-based capital ratio
  • 9.19%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $814,461Average earning assets
  • $59,200Average equity
  • $733,095Average loans

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