FDIC Certificate #: 58477 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Bank of the Northwest (#58620) Federal Reserve ID: 3487358 Date Established: January 10, 2007 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 453194 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: January 10, 2007 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: 1015 A Street, Tacoma, WA 98402 County: Pierce 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): Tacoma, WA (#8200) 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: Tacoma, WA (#45104)
Financial Summary
Total assets: $39.2 mil
2000 - 2011 Historical total assets, liabilities and capital ($ 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
7Total employees (full-time equivalent)
$39,229Total assets
$8,692Cash and due from depository institutions
$8,412Interest-bearing balances
$0Securities
$0Federal funds sold & reverse repurchase agreements
$29,783Net loans & leases
$1,382Loan loss allowance
$0Trading account assets
$344Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$410All other assets
$39,229Total liabilities and capital
$36,430Total liabilities
$31,678Total deposits
$29,156Interest-bearing deposits
$31,678Deposits held in domestic offices
94.60%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$4,678Other borrowed funds
$0Subordinated debt
$74All other liabilities
$2,799Total equity capital
$2,799Total bank equity capital
$2,799Perpetual preferred stock
$0Common stock
$4,200Surplus
$4,200Undivided profits
Memoranda
$-5,601Noncurrent loans and leases
$1,845Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,535Earning assets
$0Long-term assets (5+ years)
$107Average Assets, year-to-date
$38,195Average Assets, quarterly
$5,521Volatile liabilities
$45,054Insider loans
$41,583FHLB advances
$1,597Loans and leases held for sale
$2,916Unused loan commitments
$4,678Tier 1 (core) risk-based capital
$726Tier 2 risk-based capital
$0Total risk weighted assets
$1,845Total unused commitments
$0Restructured Loans and leases
$390Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$2,225Total interest income
$896Total interest expense
$1,329Net interest income
$2,147Provision for loan and lease losses
$124Total noninterest income
$0Fiduciary activities
$15Service charges on deposit accounts
$0Trading account gains & fees
$109Additional noninterest income
$2,057Total noninterest expense
$897Salaries and employee benefits
$319Premises and equipment expense
$841Additional noninterest expense
-$2,751Pre-tax net operating income
$0Securities gains (losses)
$959Applicable income taxes
-$3,710Income before extraordinary items
$0Extraordinary gains - net
-$3,710Net income attributable to bank
$0Net charge-offs
-$3,710Cash dividends
$1,535Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.19%Yield on earning assets
2.09%Cost of funding earning assets
3.10%Net interest margin
0.29%Noninterest income to earning assets
4.80%Noninterest expense to earning assets
-8.23%Net operating income to assets
-8.23%Return on assets (ROA)
-6.11%Pretax return on assets
-73.84%Return on equity (ROE)
-73.84%Retained earnings to average equity (YTD only)
4.13%Net charge-offs to loans
139.87%Credit loss provision to net charge-offs
-0.39%Efficiency ratio
141,569Assets per employee
5.60%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
4.43%Loss allowance to noncurrent loans
90.03%Noncurrent assets plus other real estate owned to assets
3.91%Noncurrent loans to loans
4.93%Net loans and leases to deposits
94.02%Net loans and leases to core deposits
97.39%Equity capital to assets
7.14%Core capital (leverage) ratio
6.91%Tier 1 risk-based capital ratio
9.28%Total risk-based capital ratio
Memoranda
$11Average assets
$45,054Average earning assets
$5,025Average equity
$42,855Average loans
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