FDIC Certificate #: 58778 Status: Active Federal Reserve ID: 3943210 Date Established: June 11, 2009 WWW:http://www.libertybaybank.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 #: 467762 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: June 11, 2009 Last Structure Change Effective Date: July 06, 2011 Last Structure Change Process Date: July 07, 2011 Last Data Update: July 07, 2011 Data Source Date: April 05, 2012
Location
Address: 19917 Seventh Avenue Ne, Poulsbo, WA 98370 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)
History of Changes
Change in Location
Financial Summary
Total assets: $52.2 mil Equity capital: $6.8 mil Deposits held in domestic offices: $45.2 mil Return on assets (ROA): -0.97% (-$0.5 mil) Quarterly return on assets: 0.15% ($0.1 mil) Return on Equity (ROE): -7.61% (-$0.5 mil) Quarterly return on equity: 1.22% ($0.1 mil) Net income: -$0.5 mil Quarterly Net income: $0.0 mil Pretax return on assets: -0.97% (-$506.4 mil) Quarterly Pretax return on assets: 0.15% ($78.3 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
19Total employees (full-time equivalent)
$52,202Total assets
$15,207Cash and due from depository institutions
$11,852Interest-bearing balances
$2,715Securities
$0Federal funds sold & reverse repurchase agreements
$33,100Net loans & leases
$640Loan loss allowance
$0Trading account assets
$755Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$52,202Life insurance assets
$425All other assets
$45,439Total liabilities and capital
$45,188Total liabilities
$39,120Total deposits
$45,188Interest-bearing deposits
$74Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$251Subordinated debt
$6,763All other liabilities
$6,763Total equity capital
$6,763Total bank equity capital
$0Perpetual preferred stock
$1,173Common stock
$10,706Surplus
$-5,116Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$89Long-term assets (5+ years)
$47,667Average Assets, year-to-date
$12,422Average Assets, quarterly
$54,485Volatile liabilities
$55,489Insider loans
$32,443FHLB advances
$56,301Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$6,745Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$5,069Restructured Loans and leases
$1,743Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,195Total interest income
$437Total interest expense
$1,758Net interest income
$211Provision for loan and lease losses
$77Total noninterest income
$0Fiduciary activities
$18Service charges on deposit accounts
$0Trading account gains & fees
$59Additional noninterest income
$2,688Total noninterest expense
$1,446Salaries and employee benefits
$355Premises and equipment expense
$887Additional noninterest expense
-$1,064Pre-tax net operating income
$534Securities gains (losses)
$0Applicable income taxes
-$530Income before extraordinary items
$0Extraordinary gains - net
-$530Net income attributable to bank
$0Net charge-offs
-$530Cash dividends
$1Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.39%Yield on earning assets
0.87%Cost of funding earning assets
3.52%Net interest margin
0.15%Noninterest income to earning assets
5.38%Noninterest expense to earning assets
-1.95%Net operating income to assets
-0.97%Return on assets (ROA)
-0.97%Pretax return on assets
-7.61%Return on equity (ROE)
-7.61%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
21100.00%Credit loss provision to net charge-offs
-853.00%Efficiency ratio
146,485Assets per employee
2.75%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.90%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
73.25%Net loans and leases to core deposits
79.13%Equity capital to assets
12.96%Core capital (leverage) ratio
11.98%Tier 1 risk-based capital ratio
20.79%Total risk-based capital ratio
Memoranda
$22Average assets
$54,485Average earning assets
$6,966Average equity
$49,978Average loans
List of branches
1 Washington Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
467762
Liberty Bay Bank
19917 Seventh Avenue Ne, Poulsbo, WA 98370
June 11, 2009
Full Service Brick and Mortar
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 Liberty Bay Bank.
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: