Bank of America NW, National Association in Seattle, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 1997

  • Bank of America NW, National Association in Seattle, Washington (WA)
  • Show street view No street view available for this location

Bank of America NW, National Association - Overview

  • General
  • FDIC Certificate #: 2970
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Bank of America, National Association (#3510)
    Federal Reserve ID: 274070
    Date Established: January 01, 1870
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 307 (Interstate: No)
    FDIC's unique #: 1883
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: January 01, 1997
    Last Structure Change Process Date: January 10, 1997
    Last Data Update: January 10, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 701 Fifth Avenue, Seattle, WA 98124
    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: $16,568.0 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $7,069Total assets
  • $16,568,000Cash and due from depository institutions
  • $1,654,000Interest-bearing balances
  • $0Securities
  • $100,000Federal funds sold & reverse repurchase agreements
  • $210,000Net loans & leases
  • $13,192,000Loan loss allowance
  • $227,000Trading account assets
  • $250,000Bank premises and fixed assets
  • $599,000Other real estate owned
  • $23,000Goodwill and other intangibles
  • $279,000Life insurance assets
  • $261,000All other assets
  • $0Total liabilities and capital
  • $16,568,000Total liabilities
  • $14,887,000Total deposits
  • $12,995,000Interest-bearing deposits
  • $9,051,000Deposits held in domestic offices
  • 12995000.00%% insured (estimated)
  • $74Federal funds purchased & repurchase agreements
  • $754,000Trading liabilities
  • $26,000Other borrowed funds
  • $620,000Subordinated debt
  • $260,000All other liabilities
  • $232,000Total equity capital
  • $232,000Total bank equity capital
  • $1,681,000Perpetual preferred stock
  • $0Common stock
  • $150,000Surplus
  • $1,242,000Undivided profits
  • Memoranda
  • $289,000Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $116,000Income earned, not collected on loans
  • $76,000Earning assets
  • $13,710,000Long-term assets (5+ years)
  • $1,250,000Average Assets, year-to-date
  • $17,200,690Average Assets, quarterly
  • $17,054,500Volatile liabilities
  • $2,464,000Insider loans
  • $2,000FHLB advances
  • $0Loans and leases held for sale
  • $304,000Unused loan commitments
  • $5,884,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,442,000Total risk weighted assets
  • $15,814,139Total unused commitments
  • $0Restructured Loans and leases
  • $48,116,000Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $1,311,000Total interest expense
  • $440,000Net interest income
  • $871,000Provision for loan and lease losses
  • $42,000Total noninterest income
  • $449,000Fiduciary activities
  • $38,000Service charges on deposit accounts
  • $148,000Trading account gains & fees
  • $19,000Additional noninterest income
  • $244,000Total noninterest expense
  • $738,000Salaries and employee benefits
  • $338,000Premises and equipment expense
  • $101,000Additional noninterest expense
  • $299,000Pre-tax net operating income
  • $540,000Securities gains (losses)
  • $0Applicable income taxes
  • $182,000Income before extraordinary items
  • $358,000Extraordinary gains - net
  • $0Net income attributable to bank
  • $358,000Net charge-offs
  • $52,000Cash dividends
  • $349,000Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 9.08%Cost of funding earning assets
  • 3.05%Net interest margin
  • 6.04%Noninterest income to earning assets
  • 3.11%Noninterest expense to earning assets
  • 5.11%Net operating income to assets
  • 2.08%Return on assets (ROA)
  • 2.08%Pretax return on assets
  • 3.14%Return on equity (ROE)
  • 21.02%Retained earnings to average equity (YTD only)
  • 0.53%Net charge-offs to loans
  • 0.37%Credit loss provision to net charge-offs
  • 80.77%Efficiency ratio
  • 52,879Assets per employee
  • 2.34%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 97.49%Loss allowance to loans
  • 1.69%Loss allowance to noncurrent loans
  • 195.69%Noncurrent assets plus other real estate owned to assets
  • 0.84%Noncurrent loans to loans
  • 0.86%Net loans and leases to deposits
  • 101.52%Net loans and leases to core deposits
  • 112.66%Equity capital to assets
  • 10.15%Core capital (leverage) ratio
  • 9.15%Tier 1 risk-based capital ratio
  • 9.12%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $17,200,690Average earning assets
  • $1,702,853Average equity
  • $14,431,966Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Bank of America NW, National Association.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents