FDIC Certificate #: 58720 Status: Active Federal Reserve ID: 3716982 Date Established: March 12, 2008 WWW:http://www.corebusinessbank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 464010 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: Yes Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: March 12, 2008 Last Structure Change Effective Date: March 10, 2009 Last Structure Change Process Date: March 10, 2009 Last Data Update: March 10, 2009 Data Source Date: April 05, 2012
Location
Address: 333 108th Avenue Ne, Suite #100, Bellevue, WA 98004 County: King 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)
History of Changes
Corrections
Change in Location
Financial Summary
Total assets: $55.4 mil Equity capital: $6.3 mil Deposits held in domestic offices: $48.6 mil Return on assets (ROA): -2.08% (-$1.1 mil) Quarterly return on assets: -1.23% (-$0.7 mil) Return on Equity (ROE): -17.75% (-$1.1 mil) Quarterly return on equity: -10.43% (-$0.6 mil) Net income: -$1.1 mil Quarterly Net income: -$0.2 mil Pretax return on assets: -2.08% (-$1,151.4 mil) Quarterly Pretax return on assets: -1.23% (-$680.9 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2011)
Dollar figures in thousands
12Total employees (full-time equivalent)
$55,354Total assets
$8,914Cash and due from depository institutions
$4,930Interest-bearing balances
$7,925Securities
$0Federal funds sold & reverse repurchase agreements
$37,099Net loans & leases
$688Loan loss allowance
$0Trading account assets
$772Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$55,354Life insurance assets
$644All other assets
$49,040Total liabilities and capital
$48,623Total liabilities
$37,292Total deposits
$48,623Interest-bearing deposits
$77Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$417Subordinated debt
$6,314All other liabilities
$6,314Total equity capital
$6,314Total bank equity capital
$0Perpetual preferred stock
$1,663Common stock
$13,860Surplus
$-9,209Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$529Income earned, not collected on loans
$0Earning assets
$179Long-term assets (5+ years)
$49,954Average Assets, year-to-date
$16,511Average Assets, quarterly
$53,179Volatile liabilities
$54,316Insider loans
$27,596FHLB advances
$54,348Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$6,180Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$7,793Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,031Total interest income
$397Total interest expense
$1,634Net interest income
$305Provision for loan and lease losses
$145Total noninterest income
$0Fiduciary activities
$63Service charges on deposit accounts
$0Trading account gains & fees
$82Additional noninterest income
$2,585Total noninterest expense
$1,149Salaries and employee benefits
$503Premises and equipment expense
$933Additional noninterest expense
-$1,111Pre-tax net operating income
$6Securities gains (losses)
$0Applicable income taxes
-$1,105Income before extraordinary items
$0Extraordinary gains - net
-$1,105Net income attributable to bank
$0Net charge-offs
-$1,105Cash dividends
$552Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.16%Yield on earning assets
0.81%Cost of funding earning assets
3.35%Net interest margin
0.30%Noninterest income to earning assets
5.29%Noninterest expense to earning assets
-2.09%Net operating income to assets
-2.08%Return on assets (ROA)
-2.08%Pretax return on assets
-17.75%Return on equity (ROE)
-17.75%Retained earnings to average equity (YTD only)
2.04%Net charge-offs to loans
55.25%Credit loss provision to net charge-offs
-1.46%Efficiency ratio
145,306Assets per employee
4.61%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.82%Loss allowance to noncurrent loans
130.06%Noncurrent assets plus other real estate owned to assets
0.96%Noncurrent loans to loans
1.40%Net loans and leases to deposits
76.30%Net loans and leases to core deposits
86.68%Equity capital to assets
11.41%Core capital (leverage) ratio
11.37%Tier 1 risk-based capital ratio
22.39%Total risk-based capital ratio
Memoranda
$24Average assets
$53,179Average earning assets
$6,227Average equity
$48,830Average loans
List of branches
1 Washington Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
464010
Core Business Bank
333 108th Avenue Ne, Suite #100, Bellevue, WA 98004
March 12, 2008
Full Service Brick and Mortar
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