FDIC Certificate #: 57499 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Kitsap Bank (#6161) Federal Reserve ID: 3156122 Date Established: December 16, 2002 WWW:http://www.marinerbank.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 364361 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: December 16, 2002 Last Structure Change Effective Date: December 01, 2006 Last Structure Change Process Date: December 20, 2006 Last Data Update: December 20, 2006 Data Source Date: April 05, 2012
Location
Address: 2313 East Sims Way, Port Townsend, WA 98368 County: Jefferson 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
Financial Summary
Total assets: $54.0 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2005)
Dollar figures in thousands
14Total employees (full-time equivalent)
$49,558Total assets
$1,397Cash and due from depository institutions
$30Interest-bearing balances
$2,469Securities
$10,105Federal funds sold & reverse repurchase agreements
$34,862Net loans & leases
$353Loan loss allowance
$0Trading account assets
$474Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$251All other assets
$49,558Total liabilities and capital
$43,275Total liabilities
$42,200Total deposits
$34,394Interest-bearing deposits
$42,200Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,000Other borrowed funds
$0Subordinated debt
$75All other liabilities
$6,283Total equity capital
$6,283Total bank equity capital
$6,283Perpetual preferred stock
$0Common stock
$377Surplus
$6,005Undivided profits
Memoranda
$-99Noncurrent loans and leases
$7,140Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$138Average Assets, year-to-date
$47,466Average Assets, quarterly
$4,619Volatile liabilities
$45,225Insider loans
$49,822FHLB advances
$10,421Loans and leases held for sale
$1,480Unused loan commitments
$1,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$7,140Total unused commitments
$0Restructured Loans and leases
$353Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$2,790Total interest income
$626Total interest expense
$2,164Net interest income
$50Provision for loan and lease losses
$41Total noninterest income
$0Fiduciary activities
$8Service charges on deposit accounts
$0Trading account gains & fees
$33Additional noninterest income
$1,595Total noninterest expense
$864Salaries and employee benefits
$158Premises and equipment expense
$573Additional noninterest expense
$560Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$560Income before extraordinary items
$0Extraordinary gains - net
$560Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$9Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.50%Yield on earning assets
1.46%Cost of funding earning assets
5.04%Net interest margin
0.10%Noninterest income to earning assets
3.71%Noninterest expense to earning assets
1.24%Net operating income to assets
1.24%Return on assets (ROA)
1.24%Pretax return on assets
9.43%Return on equity (ROE)
9.43%Retained earnings to average equity (YTD only)
0.03%Net charge-offs to loans
555.56%Credit loss provision to net charge-offs
67.78%Efficiency ratio
72,336Assets per employee
3.54%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.00%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
82.61%Net loans and leases to core deposits
108.00%Equity capital to assets
12.68%Core capital (leverage) ratio
14.36%Tier 1 risk-based capital ratio
15.86%Total risk-based capital ratio
Memoranda
$17Average assets
$45,225Average earning assets
$5,939Average equity
$42,955Average loans
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