FDIC Certificate #: 35566 Status: Active Federal Reserve ID: 2941509 Bank Holding Company (Regulatory Top Holder): Foundation Bancorp, Inc. (RSSDID: 3170454, Location: Bellevue, WA) Date Established: September 19, 2000 WWW:http://www.foundationbank.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 #: 81677 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: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: September 19, 2000 Last Structure Change Effective Date: November 24, 2008 Last Structure Change Process Date: November 25, 2008 Last Data Update: November 25, 2008 Data Source Date: April 05, 2012
Location
Address: 1110 112th Avenue Ne, Suite 200, 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
Change in Location
Financial Summary
Total assets: $321.8 mil Equity capital: $34.2 mil Deposits held in domestic offices: $285.2 mil Return on assets (ROA): -0.51% (-$1.6 mil) Quarterly return on assets: -0.22% (-$0.7 mil) Return on Equity (ROE): -5.84% (-$2.0 mil) Quarterly return on equity: -2.30% (-$0.8 mil) Net income: -$1.8 mil Quarterly Net income: -$0.2 mil Pretax return on assets: -0.51% (-$1,641.4 mil) Quarterly Pretax return on assets: -0.22% (-$708.1 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
52Total employees (full-time equivalent)
$321,845Total assets
$21,104Cash and due from depository institutions
$10,831Interest-bearing balances
$34,197Securities
$0Federal funds sold & reverse repurchase agreements
$254,419Net loans & leases
$11,641Loan loss allowance
$0Trading account assets
$629Bank premises and fixed assets
$6,824Other real estate owned
$0Goodwill and other intangibles
$321,845Life insurance assets
$4,672All other assets
$287,627Total liabilities and capital
$285,209Total liabilities
$231,000Total deposits
$285,209Interest-bearing deposits
$87Deposits held in domestic offices
1462.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$956Subordinated debt
$34,218All other liabilities
$34,218Total equity capital
$34,218Total bank equity capital
$0Perpetual preferred stock
$0Common stock
$45,232Surplus
$-11,014Undivided profits
Memoranda
$0Noncurrent loans and leases
$493Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$28,034Income earned, not collected on loans
$417Earning assets
$785Long-term assets (5+ years)
$299,447Average Assets, year-to-date
$35,637Average Assets, quarterly
$357,106Volatile liabilities
$335,210Insider loans
$276,818FHLB advances
$336,501Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$33,749Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$60,082Restructured Loans and leases
$14Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$16,202Total interest income
$2,858Total interest expense
$13,344Net interest income
$1,332Provision for loan and lease losses
-$650Total noninterest income
$0Fiduciary activities
$256Service charges on deposit accounts
$0Trading account gains & fees
-$906Additional noninterest income
$13,114Total noninterest expense
$4,698Salaries and employee benefits
$1,042Premises and equipment expense
$7,374Additional noninterest expense
-$1,752Pre-tax net operating income
-$63Securities gains (losses)
$0Applicable income taxes
-$1,815Income before extraordinary items
$0Extraordinary gains - net
-$1,815Net income attributable to bank
$0Net charge-offs
-$1,815Cash dividends
$9,069Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.89%Yield on earning assets
0.86%Cost of funding earning assets
4.03%Net interest margin
-0.20%Noninterest income to earning assets
3.96%Noninterest expense to earning assets
-0.49%Net operating income to assets
-0.51%Return on assets (ROA)
-0.51%Pretax return on assets
-5.84%Return on equity (ROE)
-5.84%Retained earnings to average equity (YTD only)
3.17%Net charge-offs to loans
14.69%Credit loss provision to net charge-offs
-0.05%Efficiency ratio
103,309Assets per employee
6.19%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
4.38%Loss allowance to noncurrent loans
41.52%Noncurrent assets plus other real estate owned to assets
10.83%Noncurrent loans to loans
10.54%Net loans and leases to deposits
89.20%Net loans and leases to core deposits
91.79%Equity capital to assets
10.63%Core capital (leverage) ratio
10.03%Tier 1 risk-based capital ratio
12.19%Total risk-based capital ratio
Memoranda
$13Average assets
$357,106Average earning assets
$31,092Average equity
$331,487Average loans
List of branches
1 Washington Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
81677
Foundation Bank
1110 112th Avenue Ne, Suite 200, Bellevue, WA 98004
September 19, 2000
Full Service Brick and Mortar
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