FDIC Certificate #: 34095 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:The Cowlitz Bank (#22643) Federal Reserve ID: 2366924 Date Established: November 24, 1995 WWW:http://www.aea-bank.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 56235 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: November 24, 1995 Last Structure Change Effective Date: November 01, 2005 Last Structure Change Process Date: November 01, 2005 Last Data Update: November 01, 2005 Data Source Date: April 05, 2012
Location
Address: 1505 West Lake Avenue North, Seattle, WA 98109 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)
Financial Summary
Total assets: $92.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2004)
Dollar figures in thousands
23Total employees (full-time equivalent)
$113,014Total assets
$7,656Cash and due from depository institutions
$4,697Interest-bearing balances
$6,769Securities
$34,891Federal funds sold & reverse repurchase agreements
$57,369Net loans & leases
$8,432Loan loss allowance
$0Trading account assets
$190Bank premises and fixed assets
$1,182Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$4,957All other assets
$113,014Total liabilities and capital
$103,029Total liabilities
$102,391Total deposits
$69,106Interest-bearing deposits
$102,391Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$638All other liabilities
$9,985Total equity capital
$9,985Total bank equity capital
$9,985Perpetual preferred stock
$0Common stock
$293Surplus
$8,777Undivided profits
Memoranda
$915Noncurrent loans and leases
$7,205Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$12,075Earning assets
$2,370Long-term assets (5+ years)
$502Average Assets, year-to-date
$103,726Average Assets, quarterly
$1,185Volatile liabilities
$129,160Insider loans
$114,836FHLB advances
$27,906Loans and leases held for sale
$2,848Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$7,205Total unused commitments
$0Restructured Loans and leases
$988Derivatives
Income and Expense (December 31, 2004)
Dollar figures in thousands
$7,579Total interest income
$1,781Total interest expense
$5,798Net interest income
$6,140Provision for loan and lease losses
$657Total noninterest income
$0Fiduciary activities
$122Service charges on deposit accounts
$0Trading account gains & fees
$535Additional noninterest income
$4,922Total noninterest expense
$1,975Salaries and employee benefits
$465Premises and equipment expense
$2,482Additional noninterest expense
-$4,607Pre-tax net operating income
$38Securities gains (losses)
-$1,679Applicable income taxes
-$2,890Income before extraordinary items
$0Extraordinary gains - net
-$2,890Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$3,423Sale, conversion, retirement of capital stock, net
$40Net operating income
Performance and Condition Ratios (December 31, 2004)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.26%Yield on earning assets
1.47%Cost of funding earning assets
4.79%Net interest margin
0.54%Noninterest income to earning assets
4.07%Noninterest expense to earning assets
-2.26%Net operating income to assets
-2.24%Return on assets (ROA)
-3.54%Pretax return on assets
-23.26%Return on equity (ROE)
-23.59%Retained earnings to average equity (YTD only)
3.42%Net charge-offs to loans
179.37%Credit loss provision to net charge-offs
0.45%Efficiency ratio
76,251Assets per employee
4.91%Cash dividends to net income (YTD only)
Condition Ratios (%)
-1.38%Loss allowance to loans
12.81%Loss allowance to noncurrent loans
69.83%Noncurrent assets plus other real estate owned to assets
11.73%Noncurrent loans to loans
18.35%Net loans and leases to deposits
56.03%Net loans and leases to core deposits
77.02%Equity capital to assets
8.84%Core capital (leverage) ratio
7.15%Tier 1 risk-based capital ratio
10.93%Total risk-based capital ratio
Memoranda
$12Average assets
$129,160Average earning assets
$12,423Average equity
$120,980Average loans
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