Wheatland Bank in Spokane, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Wheatland Bank in Spokane, Washington (WA)
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Wheatland Bank - Overview

  • General
  • FDIC Certificate #: 22939
    Status: Active
    Federal Reserve ID: 129479
    Bank Holding Company (Regulatory Top Holder): Community Financial Group, Inc. (RSSDID: 2723938, Location: Spokane, WA)
    Date Established: September 04, 1979
    WWW: http://www.wheatlandbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 13 (Domestic: 13, Interstate: No)
    OTS Docket #: 13657
    FDIC's unique #: 16046
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: September 04, 1979
    Last Structure Change Effective Date: May 09, 2011
    Last Structure Change Process Date: May 09, 2011
    Last Data Update: May 09, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 222 N. Wall Street, Suite 100, Spokane, WA 99201
    County: Spokane
    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): Spokane, WA (#7840)
    Core Based Statistical Area (CBSA): Spokane, WA (#44060)
    CBSA Metro Statistical Area: Spokane, WA (#44060)
  • Financial Summary
  • Total assets: $274.8 mil
    Equity capital: $26.7 mil
    Deposits held in domestic offices: $238.6 mil
    Return on assets (ROA): 0.38% ($1.0 mil)
    Quarterly return on assets: 0.58% ($1.6 mil)
    Return on Equity (ROE): 3.92% ($1.1 mil)
    Quarterly return on equity: 5.95% ($1.6 mil)
    Net income: $1.0 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 0.56% ($1,539.0 mil)
    Quarterly Pretax return on assets: 0.88% ($2,418.4 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, 2011)

  • Dollar figures in thousands
  • 82Total employees (full-time equivalent)
  • $274,815Total assets
  • $86,099Cash and due from depository institutions
  • $78,061Interest-bearing balances
  • $10,795Securities
  • $1,000Federal funds sold & reverse repurchase agreements
  • $160,414Net loans & leases
  • $1,485Loan loss allowance
  • $0Trading account assets
  • $11,259Bank premises and fixed assets
  • $262Other real estate owned
  • $0Goodwill and other intangibles
  • $274,815Life insurance assets
  • $4,986All other assets
  • $248,080Total liabilities and capital
  • $238,566Total liabilities
  • $160,586Total deposits
  • $238,566Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $7,033Trading liabilities
  • $0Other borrowed funds
  • $2,481Subordinated debt
  • $26,735All other liabilities
  • $26,735Total equity capital
  • $26,735Total bank equity capital
  • $0Perpetual preferred stock
  • $3,843Common stock
  • $9,350Surplus
  • $13,542Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,909Income earned, not collected on loans
  • $0Earning assets
  • $1,077Long-term assets (5+ years)
  • $250,270Average Assets, year-to-date
  • $45,191Average Assets, quarterly
  • $267,943Volatile liabilities
  • $271,818Insider loans
  • $185,647FHLB advances
  • $272,472Loans and leases held for sale
  • $1,982Unused loan commitments
  • $1,982Tier 1 (core) risk-based capital
  • $26,718Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $54,481Restructured Loans and leases
  • $3,763Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,388Total interest income
  • $1,146Total interest expense
  • $10,242Net interest income
  • $830Provision for loan and lease losses
  • $1,746Total noninterest income
  • $0Fiduciary activities
  • $607Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,139Additional noninterest income
  • $9,599Total noninterest expense
  • $5,293Salaries and employee benefits
  • $1,738Premises and equipment expense
  • $2,568Additional noninterest expense
  • $1,559Pre-tax net operating income
  • -$51Securities gains (losses)
  • $483Applicable income taxes
  • $1,025Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,025Net income attributable to bank
  • $0Net charge-offs
  • $1,025Cash dividends
  • $1,517Sale, conversion, retirement of capital stock, net
  • $100Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.68%Yield on earning assets
  • 0.47%Cost of funding earning assets
  • 4.21%Net interest margin
  • 0.72%Noninterest income to earning assets
  • 3.94%Noninterest expense to earning assets
  • 0.40%Net operating income to assets
  • 0.38%Return on assets (ROA)
  • 0.56%Pretax return on assets
  • 3.92%Return on equity (ROE)
  • 3.54%Retained earnings to average equity (YTD only)
  • 0.95%Net charge-offs to loans
  • 54.71%Credit loss provision to net charge-offs
  • 1.57%Efficiency ratio
  • 80,072Assets per employee
  • 3.35%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 9.76%Loss allowance to loans
  • 0.92%Loss allowance to noncurrent loans
  • 77.79%Noncurrent assets plus other real estate owned to assets
  • 0.79%Noncurrent loans to loans
  • 1.18%Net loans and leases to deposits
  • 67.24%Net loans and leases to core deposits
  • 67.50%Equity capital to assets
  • 9.73%Core capital (leverage) ratio
  • 9.81%Tier 1 risk-based capital ratio
  • 14.39%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $267,943Average earning assets
  • $26,151Average equity
  • $243,479Average loans

List of branches

  • 13 Washington Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    016046Wheatland Bank222 N. Wall Street, Suite 100, Spokane, WA 99201September 04, 1979Full Service Brick and Mortar
    1255618Wilbur Branch8 S.E. Main Avenue, Wilbur, WA 99185August 03, 1981Full Service Brick and Mortar
    2255619Odessa Branch22 East First Avenue, Odessa, WA 99159October 17, 1983Full Service Brick and Mortar
    3254365Ritzville Branch101 E 1st Ave, Ritzville, WA 99169July 01, 1976Full Service Brick and Mortar
    5255621Quincy Branch1015 Central Avenue South, Quincy, WA 98848March 15, 1999Full Service Brick and Mortar
    7357510Moses Lake Branch1442 S. Pioneer Road, Moses Lake, WA 98837March 15, 2000Full Service Brick and Mortar
    8364502Spokane Valley Branch14732 E Indiana, Spokane, WA 99216July 02, 2001Full Service Brick and Mortar
    9364503Davenport Branch600 Morgan Street, Davenport, WA 99122October 09, 2001Full Service Brick and Mortar
    10445443North Spokane Branch10801 N. Newport Highway, Spokane, WA 99218November 01, 2005Full Service Brick and Mortar
    11469647Wenatchee Branch1115 N Miller Street, Wenatchee, WA 98801December 10, 2007Full Service Brick and Mortar
    12478452Yakima Branch201 E Yakima Ave Suite 100, Yakima, WA 98901April 07, 2008Full Service Brick and Mortar
    13492686Chelan Branch134 East Woodin Ave, Chelan, WA 98816September 29, 2008Full Service Brick and Mortar
    14492740Ellensburg Branch205 S Main St, Suite 1, Ellensburg, WA 98926July 14, 2008Full Service Brick and Mortar

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