FDIC Certificate #: 58002 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Bank of the Northwest (#58620) Federal Reserve ID: 3333594 Date Established: June 15, 2005 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 433488 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: June 15, 2005 Last Structure Change Effective Date: Febuary 19, 2010 Last Structure Change Process Date: March 03, 2010 Last Data Update: March 03, 2010 Data Source Date: April 05, 2012
Location
Address: 155 108th Avenue Ne, Bellevue, WA 98004 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: $53.3 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2009)
Dollar figures in thousands
9Total employees (full-time equivalent)
$53,281Total assets
$13,708Cash and due from depository institutions
$12,450Interest-bearing balances
$0Securities
$0Federal funds sold & reverse repurchase agreements
$38,559Net loans & leases
$1,337Loan loss allowance
$0Trading account assets
$203Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$811All other assets
$53,281Total liabilities and capital
$48,445Total liabilities
$48,371Total deposits
$40,435Interest-bearing deposits
$48,371Deposits held in domestic offices
78.97%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$74All other liabilities
$4,836Total equity capital
$4,836Total bank equity capital
$4,836Perpetual preferred stock
$0Common stock
$4,000Surplus
$4,000Undivided profits
Memoranda
$-3,164Noncurrent loans and leases
$3,764Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,473Earning assets
$0Long-term assets (5+ years)
$163Average Assets, year-to-date
$51,009Average Assets, quarterly
$7,407Volatile liabilities
$55,980Insider loans
$55,187FHLB advances
$10,963Loans and leases held for sale
$739Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,764Total unused commitments
$1,100Restructured Loans and leases
$493Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$2,521Total interest income
$876Total interest expense
$1,645Net interest income
$1,072Provision for loan and lease losses
$31Total noninterest income
$0Fiduciary activities
$12Service charges on deposit accounts
$0Trading account gains & fees
$19Additional noninterest income
$1,907Total noninterest expense
$752Salaries and employee benefits
$251Premises and equipment expense
$904Additional noninterest expense
-$1,303Pre-tax net operating income
$0Securities gains (losses)
$626Applicable income taxes
-$1,929Income before extraordinary items
$0Extraordinary gains - net
-$1,929Net income attributable to bank
$0Net charge-offs
-$1,929Cash dividends
$585Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.71%Yield on earning assets
1.64%Cost of funding earning assets
3.08%Net interest margin
0.06%Noninterest income to earning assets
3.57%Noninterest expense to earning assets
-3.45%Net operating income to assets
-3.45%Return on assets (ROA)
-2.33%Pretax return on assets
-32.79%Return on equity (ROE)
-32.79%Retained earnings to average equity (YTD only)
1.33%Net charge-offs to loans
183.25%Credit loss provision to net charge-offs
-0.39%Efficiency ratio
113,783Assets per employee
5.92%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.35%Loss allowance to noncurrent loans
54.06%Noncurrent assets plus other real estate owned to assets
4.64%Noncurrent loans to loans
6.20%Net loans and leases to deposits
79.72%Net loans and leases to core deposits
103.08%Equity capital to assets
9.08%Core capital (leverage) ratio
8.91%Tier 1 risk-based capital ratio
12.54%Total risk-based capital ratio
Memoranda
$14Average assets
$55,980Average earning assets
$5,882Average equity
$53,471Average loans
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