Western Capital Bank in Boise, Idaho (ID)



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Western Capital Bank
GeneralFDIC Certificate #: 58752
Status: Active
Federal Reserve ID: 3678857
Bank Holding Company (Regulatory Top Holder): Gwy, Llc (RSSDID: 3683619, Location: Bellevue, WA)
Date Established: March 31, 2008
WWW: http://www.westerncapitalbank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Domestic: 1, Interstate: No)
FDIC's unique #: 466688
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 31, 2008
Last Structure Change Effective Date: May 02, 2008
Last Structure Change Process Date: May 02, 2008
Last Data Update: May 02, 2008
Data Source Date: April 05, 2012
LocationAddress: 1750 Front Street, Boise, ID 83702
County: Ada
Quarterly Banking Profile Region: San Francisco
FDIC Geographic Region: San Francisco
FDIC Supervisory Region: San Francisco
FDIC Field Office: Salt Lake City
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Metropolitan Statistical Area (MSA): Boise City, ID (#1080)
Core Based Statistical Area (CBSA): Boise City-Nampa, ID (#14260)
CBSA Metro Statistical Area: Boise City-Nampa, ID (#14260)
History of ChangesChange in Geographic Region/Area/Territory/Field Office
Financial SummaryTotal assets: $158.4 mil
Equity capital: $32.7 mil
Deposits held in domestic offices: $125.2 mil
Return on assets (ROA): 0.68% ($1.1 mil)
Quarterly return on assets: 1.71% ($2.7 mil)
Return on Equity (ROE): 2.39% ($0.8 mil)
Quarterly return on equity: 7.10% ($2.3 mil)
Net income: $0.8 mil
Quarterly Net income: $0.6 mil
Pretax return on assets: 0.68% ($1,077.3 mil)
Quarterly Pretax return on assets: 1.71% ($2,709.1 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)
Total employees (full-time equivalent)22
Total assets$158,429
Cash and due from depository institutions$41,096
Interest-bearing balances$37,949
Securities$34,642
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$81,916
Loan loss allowance $1,095
Trading account assets$0
Bank premises and fixed assets$314
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$461
Life insurance assets$158,429
Total liabilities and capital$125,725
Total liabilities$125,171
Total deposits$104,994
Interest-bearing deposits$125,171
Deposits held in domestic offices$47
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $554
All other liabilities $32,704
Total equity capital$32,704
Total bank equity capital$32,704
Perpetual preferred stock$0
Common stock$3,500
Surplus$32,984
Undivided profits $-3,780
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $1,831
Earning assets $1,831
Long-term assets (5+ years) $286
Average Assets, year-to-date $154,507
Average Assets, quarterly $16,541
Volatile liabilities $113,049
Insider loans $135,059
FHLB advances $120,076
Loans and leases held for sale $118,076
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $32,927
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $39,925
Derivatives$136
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $5,458
Total interest expense $528
Net interest income $4,930
Provision for loan and lease losses $368
Total noninterest income $146
Fiduciary activities $0
Service charges on deposit accounts $97
Trading account gains & fees $0
Additional noninterest income $49
Total noninterest expense $4,030
Salaries and employee benefits $2,328
Premises and equipment expense $188
Additional noninterest expense $1,514
Pre-tax net operating income $678
Securities gains (losses) $95
Applicable income taxes $0
Income before extraordinary items $773
Extraordinary gains - net $0
Net income attributable to bank $773
Net charge-offs $0
Cash dividends $773
Sale, conversion, retirement of capital stock, net -$11
Net operating income $330
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.93%
Cost of funding earning assets 0.48%
Net interest margin 4.45%
Noninterest income to earning assets 0.13%
Noninterest expense to earning assets 3.64%
Net operating income to assets 0.60%
Return on assets (ROA) 0.68%
Pretax return on assets 0.68%
Return on equity (ROE) 2.39%
Retained earnings to average equity (YTD only) 1.37%
Net charge-offs to loans -0.02%
Credit loss provision to net charge-offs -3345.45%
Efficiency ratio0.00%
Assets per employee$79,393
Cash dividends to net income (YTD only)7.20%
Condition Ratios (%)
Loss allowance to loans 42.69%
Loss allowance to noncurrent loans 1.32%
Noncurrent assets plus other real estate owned to assets 59.80%
Noncurrent loans to loans 1.16%
Net loans and leases to deposits2.21%
Net loans and leases to core deposits 65.44%
Equity capital to assets 86.49%
Core capital (leverage) ratio 20.64%
Tier 1 risk-based capital ratio 27.89%
Total risk-based capital ratio 27.42%
Memoranda
Average assets$28
Average earning assets$113,049
Average equity $32,345
Average loans $110,699
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1 Idaho Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0466688Western Capital Bank1750 Front Street, Boise, ID 83702March 31, 2008Full Service Brick and Mortar
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