FDIC Certificate #: 34623 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Boston Private Bank & Trust Company (#24811) Federal Reserve ID: 2648460 Date Established: January 26, 1998 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) FDIC's unique #: 60846 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 26, 1998 Last Structure Change Effective Date: May 27, 2011 Last Structure Change Process Date: June 08, 2011 Last Data Update: June 08, 2011 Data Source Date: April 05, 2012
Location
Address: 10885 N.E. 4th Street, Suite 100, Bellevue, WA 98004 County: King Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: New York 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: $348.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
70Total employees (full-time equivalent)
$366,049Total assets
$17,367Cash and due from depository institutions
$15,514Interest-bearing balances
$130,630Securities
$0Federal funds sold & reverse repurchase agreements
$196,238Net loans & leases
$6,973Loan loss allowance
$0Trading account assets
$1,181Bank premises and fixed assets
$1,590Other real estate owned
$0Goodwill and other intangibles
$5,635Life insurance assets
$19,043All other assets
$366,049Total liabilities and capital
$329,650Total liabilities
$267,919Total deposits
$161,340Interest-bearing deposits
$267,919Deposits held in domestic offices
86.53%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$55,000Other borrowed funds
$0Subordinated debt
$6,731All other liabilities
$36,399Total equity capital
$36,399Total bank equity capital
$36,399Perpetual preferred stock
$0Common stock
$0Surplus
$106,798Undivided profits
Memoranda
$-70,399Noncurrent loans and leases
$54,853Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$10,783Earning assets
$0Long-term assets (5+ years)
$1,247Average Assets, year-to-date
$342,382Average Assets, quarterly
$172,114Volatile liabilities
$349,885Insider loans
$356,331FHLB advances
$36,380Loans and leases held for sale
$1,940Unused loan commitments
$55,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$54,853Total unused commitments
$3,012Restructured Loans and leases
$2,779Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$14,206Total interest income
$2,654Total interest expense
$11,552Net interest income
-$2,110Provision for loan and lease losses
-$5Total noninterest income
$0Fiduciary activities
$214Service charges on deposit accounts
$0Trading account gains & fees
-$219Additional noninterest income
$14,906Total noninterest expense
$9,114Salaries and employee benefits
$1,452Premises and equipment expense
$4,340Additional noninterest expense
-$1,249Pre-tax net operating income
$1,417Securities gains (losses)
-$123Applicable income taxes
$291Income before extraordinary items
$0Extraordinary gains - net
$291Net income attributable to bank
$0Net charge-offs
$291Cash dividends
$389Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.41%Yield on earning assets
0.82%Cost of funding earning assets
3.58%Net interest margin
-0.00%Noninterest income to earning assets
4.62%Noninterest expense to earning assets
-0.32%Net operating income to assets
0.08%Return on assets (ROA)
0.05%Pretax return on assets
0.79%Return on equity (ROE)
0.79%Retained earnings to average equity (YTD only)
0.21%Net charge-offs to loans
-542.42%Credit loss provision to net charge-offs
-8.63%Efficiency ratio
128,570Assets per employee
5.23%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.43%Loss allowance to noncurrent loans
64.67%Noncurrent assets plus other real estate owned to assets
3.38%Noncurrent loans to loans
5.31%Net loans and leases to deposits
73.25%Net loans and leases to core deposits
81.24%Equity capital to assets
9.94%Core capital (leverage) ratio
9.39%Tier 1 risk-based capital ratio
14.93%Total risk-based capital ratio
Memoranda
$16Average assets
$349,885Average earning assets
$36,828Average equity
$322,385Average loans
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