FDIC Certificate #: 27488 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Pacific Northwest Bank (#27346) Federal Reserve ID: 1395525 Date Established: April 18, 1989 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 3 (Interstate: No) OTS Docket #: 11220 FDIC's unique #: 40105 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: April 18, 1989 Last Structure Change Effective Date: October 15, 1998 Last Structure Change Process Date: November 05, 1998 Last Data Update: November 05, 1998 Data Source Date: April 05, 2012
Location
Address: 1488 Olney Avenue, S.E., Port Orchard, WA 98366 County: Kitsap 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): Bremerton, WA (#1150) Consolidated Metropolitan Statistical Area (CMSA): Seattle-Tacoma-Bremerton, WA (#91) Combined Statistical Area (CSA): Seattle-Tacoma-Olympia, WA (#500) Core Based Statistical Area (CBSA): Bremerton-Silverdale, WA (#14740) CBSA Metro Statistical Area: Bremerton-Silverdale, WA (#14740)
Financial Summary
Total assets: $61.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
28Total employees (full-time equivalent)
$52,937Total assets
$2,526Cash and due from depository institutions
$400Interest-bearing balances
$9,401Securities
$800Federal funds sold & reverse repurchase agreements
$38,731Net loans & leases
$366Loan loss allowance
$0Trading account assets
$1,109Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$370All other assets
$52,937Total liabilities and capital
$47,674Total liabilities
$46,095Total deposits
$36,968Interest-bearing deposits
$46,095Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,200Other borrowed funds
$0Subordinated debt
$379All other liabilities
$5,263Total equity capital
$5,263Total bank equity capital
$5,263Perpetual preferred stock
$0Common stock
$1,048Surplus
$1,515Undivided profits
Memoranda
$2,700Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$124Earning assets
$0Long-term assets (5+ years)
$228Average Assets, year-to-date
$49,332Average Assets, quarterly
$5,402Volatile liabilities
$50,032Insider loans
$52,854FHLB advances
$8,113Loans and leases held for sale
$1,319Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,744Total unused commitments
$0Restructured Loans and leases
$39,694Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$4,447Total interest income
$1,680Total interest expense
$2,767Net interest income
$69Provision for loan and lease losses
$491Total noninterest income
$0Fiduciary activities
$240Service charges on deposit accounts
$0Trading account gains & fees
$251Additional noninterest income
$1,896Total noninterest expense
$1,113Salaries and employee benefits
$274Premises and equipment expense
$509Additional noninterest expense
$1,293Pre-tax net operating income
$0Securities gains (losses)
$322Applicable income taxes
$971Income before extraordinary items
$0Extraordinary gains - net
$971Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$10Sale, conversion, retirement of capital stock, net
$150Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.60%Yield on earning assets
3.63%Cost of funding earning assets
5.98%Net interest margin
1.06%Noninterest income to earning assets
4.09%Noninterest expense to earning assets
1.94%Net operating income to assets
1.94%Return on assets (ROA)
2.58%Pretax return on assets
20.26%Return on equity (ROE)
17.13%Retained earnings to average equity (YTD only)
0.03%Net charge-offs to loans
690.00%Credit loss provision to net charge-offs
136.20%Efficiency ratio
58,195Assets per employee
1.89%Cash dividends to net income (YTD only)
Condition Ratios (%)
15.45%Loss allowance to loans
0.94%Loss allowance to noncurrent loans
295.16%Noncurrent assets plus other real estate owned to assets
0.23%Noncurrent loans to loans
0.32%Net loans and leases to deposits
84.02%Net loans and leases to core deposits
98.85%Equity capital to assets
9.94%Core capital (leverage) ratio
10.08%Tier 1 risk-based capital ratio
13.25%Total risk-based capital ratio
Memoranda
$14Average assets
$50,032Average earning assets
$4,793Average equity
$46,300Average 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 National Bank of Port Orchard.
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.
Comment about this bank, ask questions, or add new information about it: