Bank of Whitman in Colfax, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 05, 2011

  • Bank of Whitman in Colfax, Washington (WA)
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Bank of Whitman routing number info

Bank of Whitman - Overview

  • General
  • FDIC Certificate #: 22528
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: Columbia State Bank (#33826)
    Federal Reserve ID: 123178
    Date Established: September 29, 1977
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 20 (Interstate: No)
    OTS Docket #: 10849
    FDIC's unique #: 15713
    Numeric code: 13
    Regulator: FED
    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: September 29, 1977
    Last Structure Change Effective Date: August 05, 2011
    Last Structure Change Process Date: August 09, 2011
    Last Data Update: August 09, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: South 201 Main Street, Colfax, WA 99111
    County: Whitman
    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
    Core Based Statistical Area (CBSA): Pullman, WA (#39420)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $548.6 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, 2010)

  • Dollar figures in thousands
  • 162Total employees (full-time equivalent)
  • $681,829Total assets
  • $91,682Cash and due from depository institutions
  • $85,286Interest-bearing balances
  • $37,592Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $502,059Net loans & leases
  • $22,500Loan loss allowance
  • $0Trading account assets
  • $11,068Bank premises and fixed assets
  • $26,231Other real estate owned
  • $0Goodwill and other intangibles
  • $2,695Life insurance assets
  • $13,197All other assets
  • $681,829Total liabilities and capital
  • $657,454Total liabilities
  • $620,039Total deposits
  • $499,864Interest-bearing deposits
  • $620,039Deposits held in domestic offices
  • 77.47%% insured (estimated)
  • $603Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $32,918Other borrowed funds
  • $0Subordinated debt
  • $3,894All other liabilities
  • $24,375Total equity capital
  • $24,375Total bank equity capital
  • $24,375Perpetual preferred stock
  • $0Common stock
  • $840Surplus
  • $48,279Undivided profits
  • Memoranda
  • $-24,744Noncurrent loans and leases
  • $99,920Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $36,439Earning assets
  • $582Long-term assets (5+ years)
  • $2,776Average Assets, year-to-date
  • $624,937Average Assets, quarterly
  • $55,453Volatile liabilities
  • $756,476Insider loans
  • $702,015FHLB advances
  • $168,868Loans and leases held for sale
  • $3,259Unused loan commitments
  • $31,771Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $882Total risk weighted assets
  • $99,920Total unused commitments
  • $1,274Restructured Loans and leases
  • $6,582Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $35,029Total interest income
  • $12,373Total interest expense
  • $22,656Net interest income
  • $17,292Provision for loan and lease losses
  • $1,246Total noninterest income
  • $0Fiduciary activities
  • $725Service charges on deposit accounts
  • $0Trading account gains & fees
  • $521Additional noninterest income
  • $24,397Total noninterest expense
  • $9,292Salaries and employee benefits
  • $5,025Premises and equipment expense
  • $10,080Additional noninterest expense
  • -$17,787Pre-tax net operating income
  • $276Securities gains (losses)
  • $0Applicable income taxes
  • -$17,511Income before extraordinary items
  • $0Extraordinary gains - net
  • -$17,511Net income attributable to bank
  • $0Net charge-offs
  • -$17,511Cash dividends
  • $19,792Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.98%Yield on earning assets
  • 1.76%Cost of funding earning assets
  • 3.22%Net interest margin
  • 0.18%Noninterest income to earning assets
  • 3.47%Noninterest expense to earning assets
  • -2.35%Net operating income to assets
  • -2.31%Return on assets (ROA)
  • -2.31%Pretax return on assets
  • -48.70%Return on equity (ROE)
  • -48.70%Retained earnings to average equity (YTD only)
  • 3.40%Net charge-offs to loans
  • 87.37%Credit loss provision to net charge-offs
  • -0.03%Efficiency ratio
  • 102,063Assets per employee
  • 4.21%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.29%Loss allowance to noncurrent loans
  • 61.75%Noncurrent assets plus other real estate owned to assets
  • 9.19%Noncurrent loans to loans
  • 6.95%Net loans and leases to deposits
  • 80.97%Net loans and leases to core deposits
  • 111.13%Equity capital to assets
  • 3.57%Core capital (leverage) ratio
  • 3.48%Tier 1 risk-based capital ratio
  • 4.76%Total risk-based capital ratio
  • Memoranda
  • $6Average assets
  • $756,476Average earning assets
  • $35,957Average equity
  • $702,981Average loans

Total Fiduciary and Related Assets (December 31, 2002)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $88Managed Assets
  • 1Number of Accounts
  • $88Personal trust and agency accounts
  • $88Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 1Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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