FDIC Certificate #: 21672 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Security State Bank (#13232) Federal Reserve ID: 518279 Date Established: July 01, 1974 WWW:http://www.harborcommunity.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) FDIC's unique #: 14995 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: July 01, 1974 Last Structure Change Effective Date: December 06, 2004 Last Structure Change Process Date: January 04, 2005 Last Data Update: January 04, 2005 Data Source Date: April 05, 2012
Location
Address: 221 Commercial Street, Raymond, WA 98577 County: Pacific Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: Portland Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: West
Financial Summary
Total assets: $52.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2003)
Dollar figures in thousands
26Total employees (full-time equivalent)
$43,613Total assets
$2,161Cash and due from depository institutions
$439Interest-bearing balances
$12,304Securities
$2,298Federal funds sold & reverse repurchase agreements
$24,778Net loans & leases
$534Loan loss allowance
$0Trading account assets
$1,459Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$613All other assets
$43,613Total liabilities and capital
$39,725Total liabilities
$39,597Total deposits
$30,498Interest-bearing deposits
$39,597Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$128All other liabilities
$3,888Total equity capital
$3,888Total bank equity capital
$3,888Perpetual preferred stock
$0Common stock
$885Surplus
$1,815Undivided profits
Memoranda
$1,188Noncurrent loans and leases
$2,044Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$605Earning assets
$0Long-term assets (5+ years)
$174Average Assets, year-to-date
$39,819Average Assets, quarterly
$16,295Volatile liabilities
$44,492Insider loans
$44,982FHLB advances
$4,125Loans and leases held for sale
$1,080Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,044Total unused commitments
$0Restructured Loans and leases
$311Derivatives
Income and Expense (December 31, 2003)
Dollar figures in thousands
$2,283Total interest income
$471Total interest expense
$1,812Net interest income
-$75Provision for loan and lease losses
$340Total noninterest income
$0Fiduciary activities
$227Service charges on deposit accounts
$0Trading account gains & fees
$113Additional noninterest income
$2,195Total noninterest expense
$1,159Salaries and employee benefits
$537Premises and equipment expense
$499Additional noninterest expense
$32Pre-tax net operating income
$114Securities gains (losses)
$0Applicable income taxes
$146Income before extraordinary items
$0Extraordinary gains - net
$146Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$3Sale, conversion, retirement of capital stock, net
$87Net operating income
Performance and Condition Ratios (December 31, 2003)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.65%Yield on earning assets
1.17%Cost of funding earning assets
4.49%Net interest margin
0.84%Noninterest income to earning assets
5.43%Noninterest expense to earning assets
0.07%Net operating income to assets
0.33%Return on assets (ROA)
0.33%Pretax return on assets
3.63%Return on equity (ROE)
1.47%Retained earnings to average equity (YTD only)
-0.01%Net charge-offs to loans
2500.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
101,998Assets per employee
1.68%Cash dividends to net income (YTD only)
Condition Ratios (%)
59.59%Loss allowance to loans
2.11%Loss allowance to noncurrent loans
88.26%Noncurrent assets plus other real estate owned to assets
1.39%Noncurrent loans to loans
2.39%Net loans and leases to deposits
62.58%Net loans and leases to core deposits
69.85%Equity capital to assets
8.91%Core capital (leverage) ratio
8.38%Tier 1 risk-based capital ratio
15.68%Total risk-based capital ratio
Memoranda
$17Average assets
$44,492Average earning assets
$4,023Average equity
$40,394Average loans
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