FDIC Certificate #: 23626 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Columbia State Bank (#33826) Federal Reserve ID: 20370 Date Established: January 08, 1982 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 5 (Interstate: No) OTS Docket #: 11449 FDIC's unique #: 16540 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 08, 1982 Last Structure Change Effective Date: May 27, 2011 Last Structure Change Process Date: May 31, 2011 Last Data Update: May 31, 2011 Data Source Date: April 05, 2012
Location
Address: 167 Lincoln Avenue, Snohomish, WA 98290 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: $173.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
59Total employees (full-time equivalent)
$179,423Total assets
$16,155Cash and due from depository institutions
$8,640Interest-bearing balances
$12,065Securities
$0Federal funds sold & reverse repurchase agreements
$127,113Net loans & leases
$3,924Loan loss allowance
$0Trading account assets
$6,156Bank premises and fixed assets
$13,749Other real estate owned
$0Goodwill and other intangibles
$1,208Life insurance assets
$4,185All other assets
$179,423Total liabilities and capital
$175,146Total liabilities
$168,660Total deposits
$152,096Interest-bearing deposits
$168,660Deposits held in domestic offices
97.53%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$5,061Other borrowed funds
$0Subordinated debt
$1,425All other liabilities
$4,277Total equity capital
$4,277Total bank equity capital
$4,277Perpetual preferred stock
$2,696Common stock
$3,885Surplus
$15,931Undivided profits
Memoranda
$-18,235Noncurrent loans and leases
$1,174Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$17,890Earning assets
$167Long-term assets (5+ years)
$591Average Assets, year-to-date
$147,818Average Assets, quarterly
$12,646Volatile liabilities
$204,292Insider loans
$188,160FHLB advances
$20,369Loans and leases held for sale
$2,010Unused loan commitments
$5,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$232Total risk weighted assets
$1,174Total unused commitments
$9,470Restructured Loans and leases
$1,679Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$8,450Total interest income
$2,838Total interest expense
$5,612Net interest income
$7,066Provision for loan and lease losses
$1,892Total noninterest income
$0Fiduciary activities
$666Service charges on deposit accounts
$0Trading account gains & fees
$1,226Additional noninterest income
$9,923Total noninterest expense
$4,016Salaries and employee benefits
$1,329Premises and equipment expense
$4,578Additional noninterest expense
-$9,485Pre-tax net operating income
$0Securities gains (losses)
$1,835Applicable income taxes
-$11,320Income before extraordinary items
$0Extraordinary gains - net
-$11,320Net income attributable to bank
$0Net charge-offs
-$11,320Cash dividends
$7,535Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.03%Yield on earning assets
1.69%Cost of funding earning assets
3.34%Net interest margin
1.13%Noninterest income to earning assets
5.91%Noninterest expense to earning assets
-5.54%Net operating income to assets
-5.54%Return on assets (ROA)
-4.64%Pretax return on assets
-103.48%Return on equity (ROE)
-103.48%Retained earnings to average equity (YTD only)
5.08%Net charge-offs to loans
93.78%Credit loss provision to net charge-offs
-0.32%Efficiency ratio
132,236Assets per employee
3.04%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.99%Loss allowance to noncurrent loans
21.93%Noncurrent assets plus other real estate owned to assets
17.63%Noncurrent loans to loans
13.65%Net loans and leases to deposits
75.37%Net loans and leases to core deposits
85.72%Equity capital to assets
2.38%Core capital (leverage) ratio
2.22%Tier 1 risk-based capital ratio
3.18%Total risk-based capital ratio
Memoranda
$4Average assets
$204,292Average earning assets
$10,939Average equity
$167,877Average loans
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