FDIC Certificate #: 19835 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Washington Federal (#28088) Federal Reserve ID: 564771 Date Established: July 01, 1968 Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 12 (Interstate: No) OTS Docket #: 5572 FDIC's unique #: 13628 Numeric code: 41 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: July 01, 1968 Last Structure Change Effective Date: Febuary 01, 2008 Last Structure Change Process Date: March 28, 2008 Last Data Update: March 28, 2008 Data Source Date: April 05, 2012
Location
Address: 400 108th Avenue, N.E., 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)
Financial Summary
Total assets: $1,026.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2007)
Dollar figures in thousands
196Total employees (full-time equivalent)
$1,026,179Total assets
$15,461Cash and due from depository institutions
$52Interest-bearing balances
$10,767Securities
$0Federal funds sold & reverse repurchase agreements
$925,535Net loans & leases
$11,056Loan loss allowance
$12,982Trading account assets
$35,120Bank premises and fixed assets
$649Other real estate owned
$4,552Goodwill and other intangibles
$0Life insurance assets
$21,113All other assets
$1,026,179Total liabilities and capital
$940,079Total liabilities
$763,963Total deposits
$701,390Interest-bearing deposits
$763,963Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$169,227Other borrowed funds
$0Subordinated debt
$6,889All other liabilities
$86,100Total equity capital
$86,100Total bank equity capital
$86,100Perpetual preferred stock
$0Common stock
$4,681Surplus
$42,478Undivided profits
Memoranda
$38,941Noncurrent loans and leases
$256,129Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$6,936Earning assets
$0Long-term assets (5+ years)
$5,460Average Assets, year-to-date
$949,336Average Assets, quarterly
$234,478Volatile liabilities
$1,040,934Insider loans
$1,021,356FHLB advances
$303,498Loans and leases held for sale
$0Unused loan commitments
$169,227Tier 1 (core) risk-based capital
$8,958Tier 2 risk-based capital
$39,008Total risk weighted assets
$256,129Total unused commitments
$11Restructured Loans and leases
$10,252Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$78,171Total interest income
$38,631Total interest expense
$39,540Net interest income
$2,300Provision for loan and lease losses
$5,833Total noninterest income
$0Fiduciary activities
$777Service charges on deposit accounts
$185Trading account gains & fees
$4,871Additional noninterest income
$28,205Total noninterest expense
$16,357Salaries and employee benefits
$2,775Premises and equipment expense
$9,073Additional noninterest expense
$14,868Pre-tax net operating income
$0Securities gains (losses)
$4,938Applicable income taxes
$9,930Income before extraordinary items
$0Extraordinary gains - net
$9,930Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$972Sale, conversion, retirement of capital stock, net
$13,485Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.12%Yield on earning assets
4.01%Cost of funding earning assets
4.11%Net interest margin
0.61%Noninterest income to earning assets
2.93%Noninterest expense to earning assets
0.95%Net operating income to assets
0.95%Return on assets (ROA)
1.43%Pretax return on assets
11.18%Return on equity (ROE)
-4.00%Retained earnings to average equity (YTD only)
0.11%Net charge-offs to loans
236.63%Credit loss provision to net charge-offs
17.66%Efficiency ratio
62,163Assets per employee
5.24%Cash dividends to net income (YTD only)
Condition Ratios (%)
135.80%Loss allowance to loans
1.18%Loss allowance to noncurrent loans
159.40%Noncurrent assets plus other real estate owned to assets
0.74%Noncurrent loans to loans
0.74%Net loans and leases to deposits
121.15%Net loans and leases to core deposits
167.91%Equity capital to assets
8.39%Core capital (leverage) ratio
8.51%Tier 1 risk-based capital ratio
10.51%Total risk-based capital ratio
Memoranda
$12Average assets
$1,040,934Average earning assets
$88,790Average equity
$962,450Average loans
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