FDIC Certificate #: 33783 Status: Inactive Closing history: Absorption - Without Assistance Acquiring institution:Cascade Bank (#28823) Federal Reserve ID: 2021634 Date Established: March 08, 1993 WWW:http://www.issaquah-bank.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) OTS Docket #: 12097 FDIC's unique #: 48030 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: March 08, 1993 Last Structure Change Effective Date: June 03, 2004 Last Structure Change Process Date: July 30, 2004 Last Data Update: July 30, 2004 Data Source Date: April 05, 2012
Location
Address: 1055 Northwest Maple Avenue, Issaquah, WA 98027 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: $130.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2003)
Dollar figures in thousands
31Total employees (full-time equivalent)
$127,607Total assets
$8,093Cash and due from depository institutions
$5,606Interest-bearing balances
$26,348Securities
$0Federal funds sold & reverse repurchase agreements
$86,504Net loans & leases
$1,381Loan loss allowance
$0Trading account assets
$5,195Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,467All other assets
$127,607Total liabilities and capital
$115,966Total liabilities
$103,492Total deposits
$85,520Interest-bearing deposits
$103,492Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$12,000Other borrowed funds
$0Subordinated debt
$474All other liabilities
$11,641Total equity capital
$11,641Total bank equity capital
$11,641Perpetual preferred stock
$0Common stock
$237Surplus
$5,110Undivided profits
Memoranda
$6,294Noncurrent loans and leases
$20,341Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$418Earning assets
$0Long-term assets (5+ years)
$494Average Assets, year-to-date
$118,458Average Assets, quarterly
$23,142Volatile liabilities
$130,812Insider loans
$133,339FHLB advances
$30,443Loans and leases held for sale
$1,513Unused loan commitments
$12,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$20,341Total unused commitments
$0Restructured Loans and leases
$1,248Derivatives
Income and Expense (December 31, 2003)
Dollar figures in thousands
$7,379Total interest income
$2,152Total interest expense
$5,227Net interest income
$190Provision for loan and lease losses
$495Total noninterest income
$0Fiduciary activities
$352Service charges on deposit accounts
$0Trading account gains & fees
$143Additional noninterest income
$3,349Total noninterest expense
$1,926Salaries and employee benefits
$261Premises and equipment expense
$1,162Additional noninterest expense
$2,183Pre-tax net operating income
$238Securities gains (losses)
$814Applicable income taxes
$1,607Income before extraordinary items
$0Extraordinary gains - net
$1,607Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$68Sale, conversion, retirement of capital stock, net
$50Net operating income
Performance and Condition Ratios (December 31, 2003)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.08%Yield on earning assets
1.77%Cost of funding earning assets
4.30%Net interest margin
0.41%Noninterest income to earning assets
2.76%Noninterest expense to earning assets
1.11%Net operating income to assets
1.23%Return on assets (ROA)
1.85%Pretax return on assets
14.55%Return on equity (ROE)
14.10%Retained earnings to average equity (YTD only)
0.08%Net charge-offs to loans
279.41%Credit loss provision to net charge-offs
34.90%Efficiency ratio
58,528Assets per employee
4.12%Cash dividends to net income (YTD only)
Condition Ratios (%)
3.11%Loss allowance to loans
1.57%Loss allowance to noncurrent loans
330.38%Noncurrent assets plus other real estate owned to assets
0.33%Noncurrent loans to loans
0.48%Net loans and leases to deposits
83.59%Net loans and leases to core deposits
115.26%Equity capital to assets
9.12%Core capital (leverage) ratio
9.09%Tier 1 risk-based capital ratio
11.64%Total risk-based capital ratio
Memoranda
$13Average assets
$130,812Average earning assets
$11,043Average equity
$121,462Average loans
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