Cascade Bank in Everett, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 30, 2011

  • Cascade Bank in Everett, Washington (WA)
  • Show street view No street view available for this location
Cascade Bank routing number info

Cascade Bank - Overview

  • General
  • FDIC Certificate #: 28823
    Status: Inactive
    Closing history: Absorption - Without Assistance
    Acquiring institution: Opus Bank (#33806)
    Federal Reserve ID: 641476
    Date Established: January 01, 1916
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 22 (Interstate: No)
    OTS Docket #: 2435
    FDIC's unique #: 41657
    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: December 02, 1957
    Last Structure Change Effective Date: June 30, 2011
    Last Structure Change Process Date: July 07, 2011
    Last Data Update: July 07, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 2828 Colby Avenue, Everett, WA 98201
    County: Snohomish
    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: $1,457.8 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
  • 200Total employees (full-time equivalent)
  • $1,499,122Total assets
  • $131,986Cash and due from depository institutions
  • $125,351Interest-bearing balances
  • $287,743Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $967,873Net loans & leases
  • $26,106Loan loss allowance
  • $0Trading account assets
  • $13,325Bank premises and fixed assets
  • $34,412Other real estate owned
  • $255Goodwill and other intangibles
  • $25,489Life insurance assets
  • $63,528All other assets
  • $1,499,122Total liabilities and capital
  • $1,417,781Total liabilities
  • $1,108,884Total deposits
  • $997,512Interest-bearing deposits
  • $1,108,884Deposits held in domestic offices
  • 95.34%% insured (estimated)
  • $145,000Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $159,000Other borrowed funds
  • $0Subordinated debt
  • $4,897All other liabilities
  • $81,341Total equity capital
  • $81,341Total bank equity capital
  • $81,341Perpetual preferred stock
  • $0Common stock
  • $1,418Surplus
  • $103,544Undivided profits
  • Memoranda
  • $-23,621Noncurrent loans and leases
  • $97,440Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $48,238Earning assets
  • $0Long-term assets (5+ years)
  • $4,884Average Assets, year-to-date
  • $1,380,967Average Assets, quarterly
  • $349,600Volatile liabilities
  • $1,639,943Insider loans
  • $1,561,996FHLB advances
  • $186,013Loans and leases held for sale
  • $2,664Unused loan commitments
  • $159,000Tier 1 (core) risk-based capital
  • $159,000Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $97,440Total unused commitments
  • $63,773Restructured Loans and leases
  • $12,856Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $71,470Total interest income
  • $32,909Total interest expense
  • $38,561Net interest income
  • $56,515Provision for loan and lease losses
  • -$3,871Total noninterest income
  • $0Fiduciary activities
  • $3,855Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$7,726Additional noninterest income
  • $52,794Total noninterest expense
  • $13,832Salaries and employee benefits
  • $4,628Premises and equipment expense
  • $34,334Additional noninterest expense
  • -$74,619Pre-tax net operating income
  • $8,618Securities gains (losses)
  • $4,012Applicable income taxes
  • -$70,013Income before extraordinary items
  • $0Extraordinary gains - net
  • -$70,013Net income attributable to bank
  • $0Net charge-offs
  • -$70,013Cash dividends
  • $56,328Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.73%Yield on earning assets
  • 2.18%Cost of funding earning assets
  • 2.55%Net interest margin
  • -0.26%Noninterest income to earning assets
  • 3.49%Noninterest expense to earning assets
  • -4.79%Net operating income to assets
  • -4.27%Return on assets (ROA)
  • -4.02%Pretax return on assets
  • -61.67%Return on equity (ROE)
  • -61.67%Retained earnings to average equity (YTD only)
  • 5.12%Net charge-offs to loans
  • 100.33%Credit loss provision to net charge-offs
  • -0.32%Efficiency ratio
  • 114,638Assets per employee
  • 7.50%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.63%Loss allowance to noncurrent loans
  • 54.12%Noncurrent assets plus other real estate owned to assets
  • 5.51%Noncurrent loans to loans
  • 4.85%Net loans and leases to deposits
  • 87.28%Net loans and leases to core deposits
  • 90.64%Equity capital to assets
  • 5.43%Core capital (leverage) ratio
  • 5.56%Tier 1 risk-based capital ratio
  • 8.33%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $1,639,943Average earning assets
  • $113,536Average equity
  • $1,510,617Average 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 Cascade Bank.
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