Central Washington Bank in Wenatchee, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 14, 1996

Central Washington Bank in Wenatchee, Washington (WA)
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Central Washington Bank - Overview

General
FDIC Certificate #: 19363
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Pacific Northwest Bank (#30887)
Federal Reserve ID: 687876
Date Established: January 26, 1965
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 10 (Interstate: No)
OTS Docket #: 8934
FDIC's unique #: 13173
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 26, 1965
Last Structure Change Effective Date: October 14, 1996
Last Structure Change Process Date: November 04, 1996
Last Data Update: November 04, 1996
Data Source Date: April 05, 2012
Location
Address: 301 North Chelan, Wenatchee, WA 98801
County: Chelan
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): Wenatchee-East Wenatchee, WA (#48300)
CBSA Metro Statistical Area: Wenatchee-East Wenatchee, WA (#48300)
Financial Summary
Total assets: $228.4 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$87Total assets
$146,837Cash and due from depository institutions
$13,649Interest-bearing balances
$6,723Securities
$29,225Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$98,035Loan loss allowance
$1,305Trading account assets
$0Bank premises and fixed assets
$4,318Other real estate owned
$0Goodwill and other intangibles
$1,610Life insurance assets
$0All other assets
$0Total liabilities and capital
$146,837Total liabilities
$134,352Total deposits
$129,212Interest-bearing deposits
$109,274Deposits held in domestic offices
129212.00%% insured (estimated)
$88Federal funds purchased & repurchase agreements
$2,239Trading liabilities
$0Other borrowed funds
$1,156Subordinated debt
$0All other liabilities
$1,745Total equity capital
$1,745Total bank equity capital
$12,485Perpetual preferred stock
$0Common stock
$1,545Surplus
$3,934Undivided profits
Memoranda
$7,006Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$48Income earned, not collected on loans
$663Earning assets
$133,983Long-term assets (5+ years)
$10,428Average Assets, year-to-date
$143,572Average Assets, quarterly
$147,348Volatile liabilities
$14,298Insider loans
$969FHLB advances
$0Loans and leases held for sale
$1,459Unused loan commitments
$19,577Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$12,481Total risk weighted assets
$105,217Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$11,530Total interest expense
$4,426Net interest income
$7,104Provision for loan and lease losses
$90Total noninterest income
$1,964Fiduciary activities
$0Service charges on deposit accounts
$715Trading account gains & fees
$0Additional noninterest income
$1,249Total noninterest expense
$5,378Salaries and employee benefits
$2,643Premises and equipment expense
$894Additional noninterest expense
$1,841Pre-tax net operating income
$3,600Securities gains (losses)
$0Applicable income taxes
$1,201Income before extraordinary items
$2,399Extraordinary gains - net
$0Net income attributable to bank
$2,399Net charge-offs
$14Cash dividends
$1,860Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.87%Cost of funding earning assets
3.40%Net interest margin
5.46%Noninterest income to earning assets
1.51%Noninterest expense to earning assets
4.14%Net operating income to assets
1.67%Return on assets (ROA)
1.67%Pretax return on assets
2.51%Return on equity (ROE)
19.89%Retained earnings to average equity (YTD only)
4.47%Net charge-offs to loans
0.01%Credit loss provision to net charge-offs
642.86%Efficiency ratio
59,307Assets per employee
1.69%Cash dividends to net income (YTD only)
Condition Ratios (%)
77.53%Loss allowance to loans
1.31%Loss allowance to noncurrent loans
2718.75%Noncurrent assets plus other real estate owned to assets
0.03%Noncurrent loans to loans
0.05%Net loans and leases to deposits
75.87%Net loans and leases to core deposits
83.22%Equity capital to assets
8.50%Core capital (leverage) ratio
8.52%Tier 1 risk-based capital ratio
11.86%Total risk-based capital ratio
Memoranda
$13Average assets
$143,572Average earning assets
$12,060Average equity
$130,035Average loans

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