Westside Community Bank in University Place, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Westside Community Bank in University Place, Washington (WA)
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Westside Community Bank - Overview

  • General
  • FDIC Certificate #: 33997
    Status: Active
    Federal Reserve ID: 2290122
    Bank Holding Company (Regulatory Top Holder): Westside Banking Company (RSSDID: 3386527, Location: University Place, WA)
    Date Established: March 29, 1995
    WWW: http://www.westsidecommunitybank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 14040
    FDIC's unique #: 55575
    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 29, 1995
    Last Structure Change Effective Date: December 21, 2011
    Last Structure Change Process Date: Febuary 03, 2012
    Last Data Update: Febuary 03, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 4922 Bridgeport Way West, University Place, WA 98467
    County: Pierce
    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): Tacoma, WA (#8200)
    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: Tacoma, WA (#45104)
  • Financial Summary
  • Total assets: $116.9 mil
    Equity capital: $6.5 mil
    Deposits held in domestic offices: $110.3 mil
    Return on assets (ROA): -2.91% (-$3.4 mil)
    Quarterly return on assets: -5.08% (-$5.9 mil)
    Return on Equity (ROE): -44.57% (-$2.7 mil)
    Quarterly return on equity: -87.26% (-$5.2 mil)
    Net income: -$4.0 mil
    Quarterly Net income: -$1.6 mil
    Pretax return on assets: -3.16% (-$3,693.3 mil)
    Quarterly Pretax return on assets: -6.16% (-$7,199.5 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, 2011)

  • Dollar figures in thousands
  • 24Total employees (full-time equivalent)
  • $116,875Total assets
  • $1,204Cash and due from depository institutions
  • $967Interest-bearing balances
  • $1,172Securities
  • $4,563Federal funds sold & reverse repurchase agreements
  • $89,667Net loans & leases
  • $3,463Loan loss allowance
  • $0Trading account assets
  • $2,360Bank premises and fixed assets
  • $15,849Other real estate owned
  • $0Goodwill and other intangibles
  • $116,875Life insurance assets
  • $2,060All other assets
  • $110,418Total liabilities and capital
  • $110,333Total liabilities
  • $101,019Total deposits
  • $110,333Interest-bearing deposits
  • $100Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $85Subordinated debt
  • $6,457All other liabilities
  • $6,457Total equity capital
  • $6,457Total bank equity capital
  • $0Perpetual preferred stock
  • $166Common stock
  • $3,343Surplus
  • $2,948Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $17,734Income earned, not collected on loans
  • $0Earning assets
  • $333Long-term assets (5+ years)
  • $96,369Average Assets, year-to-date
  • $14,445Average Assets, quarterly
  • $135,962Volatile liabilities
  • $125,728Insider loans
  • $106,288FHLB advances
  • $132,401Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $6,419Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,508Restructured Loans and leases
  • $3,359Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,648Total interest income
  • $1,336Total interest expense
  • $4,312Net interest income
  • $4,030Provision for loan and lease losses
  • $512Total noninterest income
  • $0Fiduciary activities
  • $71Service charges on deposit accounts
  • $0Trading account gains & fees
  • $441Additional noninterest income
  • $5,327Total noninterest expense
  • $1,701Salaries and employee benefits
  • $405Premises and equipment expense
  • $3,221Additional noninterest expense
  • -$4,533Pre-tax net operating income
  • $237Securities gains (losses)
  • -$339Applicable income taxes
  • -$3,957Income before extraordinary items
  • $0Extraordinary gains - net
  • -$3,957Net income attributable to bank
  • $0Net charge-offs
  • -$3,957Cash dividends
  • $4,078Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.80%Yield on earning assets
  • 1.14%Cost of funding earning assets
  • 3.67%Net interest margin
  • 0.44%Noninterest income to earning assets
  • 4.53%Noninterest expense to earning assets
  • -3.07%Net operating income to assets
  • -2.91%Return on assets (ROA)
  • -3.16%Pretax return on assets
  • -44.57%Return on equity (ROE)
  • -44.57%Retained earnings to average equity (YTD only)
  • 3.93%Net charge-offs to loans
  • 98.82%Credit loss provision to net charge-offs
  • -0.12%Efficiency ratio
  • 110,427Assets per employee
  • 4.87%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.72%Loss allowance to noncurrent loans
  • 19.53%Noncurrent assets plus other real estate owned to assets
  • 28.73%Noncurrent loans to loans
  • 19.04%Net loans and leases to deposits
  • 81.27%Net loans and leases to core deposits
  • 83.30%Equity capital to assets
  • 5.52%Core capital (leverage) ratio
  • 4.85%Tier 1 risk-based capital ratio
  • 6.04%Total risk-based capital ratio
  • Memoranda
  • $7Average assets
  • $135,962Average earning assets
  • $8,878Average equity
  • $117,619Average loans

List of branches

  • 3 Washington Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    055575Westside Community Bank4922 Bridgeport Way West, University Place, WA 98467March 29, 1995Full Service Brick and Mortar
    1419400Parkland Office12166 Pacific Avenue South, Tacoma, WA 98444January 16, 2002Full Service Brick and Mortar
    2456133Puyallup Branch400 South Meridian, Suite 1b, Puyallup, WA 98371November 06, 2006Full Service Brick and Mortar

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