First American State Bank in Centralia, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 29, 1996

First American State Bank in Centralia, Washington (WA)
Show street view No street view available for this location

First American State Bank - Overview

General
FDIC Certificate #: 23367
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Centennial Bank (#21924)
Federal Reserve ID: 575478
Date Established: March 30, 1981
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
OTS Docket #: 11208
FDIC's unique #: 16384
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: March 30, 1981
Last Structure Change Effective Date: May 29, 1996
Last Structure Change Process Date: June 14, 1996
Last Data Update: June 14, 1996
Data Source Date: April 05, 2012
Location
Address: 1100 North Harrison Avenue, Centralia, WA 98531
County: Lewis
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): Centralia, WA (#16500)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $34.0 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$26Total assets
$32,510Cash and due from depository institutions
$1,194Interest-bearing balances
$146Securities
$6,113Federal funds sold & reverse repurchase agreements
$409Net loans & leases
$22,914Loan loss allowance
$298Trading account assets
$0Bank premises and fixed assets
$889Other real estate owned
$0Goodwill and other intangibles
$991Life insurance assets
$0All other assets
$0Total liabilities and capital
$32,510Total liabilities
$29,071Total deposits
$28,131Interest-bearing deposits
$23,936Deposits held in domestic offices
28131.00%% insured (estimated)
$95Federal funds purchased & repurchase agreements
$750Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$190Total equity capital
$190Total bank equity capital
$3,439Perpetual preferred stock
$0Common stock
$753Surplus
$1,420Undivided profits
Memoranda
$1,266Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$373Income earned, not collected on loans
$137Earning assets
$29,582Long-term assets (5+ years)
$3,110Average Assets, year-to-date
$32,060Average Assets, quarterly
$31,480Volatile liabilities
$1,995Insider loans
$4FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$5,455Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$3,489Total risk weighted assets
$25,727Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$2,804Total interest expense
$1,149Net interest income
$1,655Provision for loan and lease losses
$13Total noninterest income
$539Fiduciary activities
$0Service charges on deposit accounts
$211Trading account gains & fees
$0Additional noninterest income
$328Total noninterest expense
$2,060Salaries and employee benefits
$961Premises and equipment expense
$191Additional noninterest expense
$908Pre-tax net operating income
$121Securities gains (losses)
$0Applicable income taxes
$63Income before extraordinary items
$58Extraordinary gains - net
$0Net income attributable to bank
$58Net charge-offs
$175Cash dividends
$15Sale, 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
9.72%Cost of funding earning assets
3.98%Net interest margin
5.74%Noninterest income to earning assets
1.87%Noninterest expense to earning assets
7.14%Net operating income to assets
0.18%Return on assets (ROA)
0.18%Pretax return on assets
0.38%Return on equity (ROE)
1.74%Retained earnings to average equity (YTD only)
1.29%Net charge-offs to loans
0.78%Credit loss provision to net charge-offs
7.43%Efficiency ratio
93,892Assets per employee
1.25%Cash dividends to net income (YTD only)
Condition Ratios (%)
25.86%Loss allowance to loans
1.28%Loss allowance to noncurrent loans
79.89%Noncurrent assets plus other real estate owned to assets
1.15%Noncurrent loans to loans
1.61%Net loans and leases to deposits
81.45%Net loans and leases to core deposits
85.23%Equity capital to assets
10.58%Core capital (leverage) ratio
10.82%Tier 1 risk-based capital ratio
13.56%Total risk-based capital ratio
Memoranda
$15Average assets
$32,060Average earning assets
$3,333Average equity
$28,842Average 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 First American State 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.