Bank Northwest in Bellingham, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 28, 2004

Bank Northwest in Bellingham, Washington (WA)
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Bank Northwest - Overview

General
FDIC Certificate #: 34421
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Bank of the Pacific (#23041)
Federal Reserve ID: 2551047
Date Established: March 03, 1997
WWW: http://www.banknorthwest.com
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Interstate: No)
OTS Docket #: 15487
FDIC's unique #: 57184
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: March 03, 1997
Last Structure Change Effective Date: Febuary 28, 2004
Last Structure Change Process Date: March 12, 2004
Last Data Update: March 12, 2004
Data Source Date: April 05, 2012
Location
Address: 100 Grand Avenue, Bellingham, WA 98227
County: Whatcom
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): Bellingham, WA (#860)
Core Based Statistical Area (CBSA): Bellingham, WA (#13380)
CBSA Metro Statistical Area: Bellingham, WA (#13380)
Financial Summary
Total assets: $104.5 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, 2003)

Dollar figures in thousands
49Total employees (full-time equivalent)
$104,518Total assets
$2,507Cash and due from depository institutions
$12Interest-bearing balances
$4,907Securities
$0Federal funds sold & reverse repurchase agreements
$94,892Net loans & leases
$1,356Loan loss allowance
$0Trading account assets
$1,070Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,142All other assets
$104,518Total liabilities and capital
$96,305Total liabilities
$89,022Total deposits
$73,699Interest-bearing deposits
$89,022Deposits held in domestic offices
0.00%% insured (estimated)
$1,000Federal funds purchased & repurchase agreements
$0Trading liabilities
$5,807Other borrowed funds
$0Subordinated debt
$476All other liabilities
$8,213Total equity capital
$8,213Total bank equity capital
$8,213Perpetual preferred stock
$0Common stock
$718Surplus
$7,414Undivided profits
Memoranda
$81Noncurrent loans and leases
$23,820Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,474Earning assets
$0Long-term assets (5+ years)
$352Average Assets, year-to-date
$99,811Average Assets, quarterly
$8,760Volatile liabilities
$91,088Insider loans
$101,205FHLB advances
$32,481Loans and leases held for sale
$1,684Unused loan commitments
$5,575Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,378Total risk weighted assets
$23,820Total unused commitments
$0Restructured Loans and leases
$1,204Derivatives

Income and Expense (December 31, 2003)

Dollar figures in thousands
$6,384Total interest income
$1,506Total interest expense
$4,878Net interest income
$550Provision for loan and lease losses
$1,239Total noninterest income
$0Fiduciary activities
$100Service charges on deposit accounts
$0Trading account gains & fees
$1,139Additional noninterest income
$4,682Total noninterest expense
$2,705Salaries and employee benefits
$598Premises and equipment expense
$1,379Additional noninterest expense
$885Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$885Income before extraordinary items
$0Extraordinary gains - net
$885Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$27Sale, conversion, retirement of capital stock, net
$75Net operating income

Performance and Condition Ratios (December 31, 2003)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.38%Yield on earning assets
1.74%Cost of funding earning assets
5.64%Net interest margin
1.43%Noninterest income to earning assets
5.41%Noninterest expense to earning assets
0.97%Net operating income to assets
0.97%Return on assets (ROA)
0.97%Pretax return on assets
11.68%Return on equity (ROE)
10.69%Retained earnings to average equity (YTD only)
0.03%Net charge-offs to loans
2037.04%Credit loss provision to net charge-offs
53.15%Efficiency ratio
76,541Assets per employee
2.13%Cash dividends to net income (YTD only)
Condition Ratios (%)
8.47%Loss allowance to loans
1.41%Loss allowance to noncurrent loans
91.99%Noncurrent assets plus other real estate owned to assets
1.41%Noncurrent loans to loans
1.53%Net loans and leases to deposits
106.59%Net loans and leases to core deposits
149.79%Equity capital to assets
7.86%Core capital (leverage) ratio
8.30%Tier 1 risk-based capital ratio
8.54%Total risk-based capital ratio
Memoranda
$10Average assets
$91,088Average earning assets
$7,574Average equity
$86,502Average loans

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