North Sound Bank in city_name, state_name - Detailed Financial Reports, Location

North Sound Bank in Poulsbo, Washington (WA)
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North Sound Bank - Overview

General
FDIC Certificate #: 23020
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Frontier Bank (#22710)
Federal Reserve ID: 555377
Date Established: January 02, 1980
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 8 (Interstate: No)
OTS Docket #: 9348
FDIC's unique #: 16115
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: January 02, 1980
Last Structure Change Effective Date: July 20, 2000
Last Structure Change Process Date: November 16, 2000
Last Data Update: November 16, 2000
Data Source Date: April 05, 2012
Location
Address: 19950 Seventh Avenue Northeast, 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)
Financial Summary
Total assets: $182.8 mil

1992 - 1999 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, 1999)

Dollar figures in thousands
92Total employees (full-time equivalent)
$177,358Total assets
$13,385Cash and due from depository institutions
$5,230Interest-bearing balances
$23,520Securities
$0Federal funds sold & reverse repurchase agreements
$133,199Net loans & leases
$1,356Loan loss allowance
$0Trading account assets
$5,420Bank premises and fixed assets
$85Other real estate owned
$146Goodwill and other intangibles
$0Life insurance assets
$1,603All other assets
$177,358Total liabilities and capital
$159,198Total liabilities
$157,358Total deposits
$130,321Interest-bearing deposits
$157,358Deposits held in domestic offices
0.00%% insured (estimated)
$640Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,200All other liabilities
$18,160Total equity capital
$18,160Total bank equity capital
$18,160Perpetual preferred stock
$0Common stock
$741Surplus
$5,900Undivided profits
Memoranda
$11,519Noncurrent loans and leases
$21,735Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$275Earning assets
$0Long-term assets (5+ years)
$834Average Assets, year-to-date
$161,949Average Assets, quarterly
$21,770Volatile liabilities
$180,093Insider loans
$181,405FHLB advances
$25,303Loans and leases held for sale
$1,767Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$50Total risk weighted assets
$21,735Total unused commitments
$0Restructured Loans and leases
$1,356Derivatives

Income and Expense (December 31, 1999)

Dollar figures in thousands
$14,824Total interest income
$4,715Total interest expense
$10,109Net interest income
$216Provision for loan and lease losses
$1,776Total noninterest income
$0Fiduciary activities
$384Service charges on deposit accounts
$0Trading account gains & fees
$1,392Additional noninterest income
$7,772Total noninterest expense
$4,178Salaries and employee benefits
$1,452Premises and equipment expense
$2,142Additional noninterest expense
$3,897Pre-tax net operating income
-$3Securities gains (losses)
$1,233Applicable income taxes
$2,661Income before extraordinary items
$0Extraordinary gains - net
$2,661Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$50Sale, conversion, retirement of capital stock, net
$668Net operating income

Performance and Condition Ratios (December 31, 1999)

Dollar figures in thousands
Performance Ratios (%, annualized)
9.02%Yield on earning assets
2.87%Cost of funding earning assets
6.15%Net interest margin
1.08%Noninterest income to earning assets
4.73%Noninterest expense to earning assets
1.48%Net operating income to assets
1.48%Return on assets (ROA)
2.16%Pretax return on assets
15.37%Return on equity (ROE)
11.51%Retained earnings to average equity (YTD only)
0.04%Net charge-offs to loans
432.00%Credit loss provision to net charge-offs
82.26%Efficiency ratio
65,158Assets per employee
1.93%Cash dividends to net income (YTD only)
Condition Ratios (%)
25.10%Loss allowance to loans
1.01%Loss allowance to noncurrent loans
493.09%Noncurrent assets plus other real estate owned to assets
0.20%Noncurrent loans to loans
0.20%Net loans and leases to deposits
84.65%Net loans and leases to core deposits
100.38%Equity capital to assets
10.24%Core capital (leverage) ratio
10.18%Tier 1 risk-based capital ratio
12.39%Total risk-based capital ratio
Memoranda
$13Average assets
$180,093Average earning assets
$17,312Average equity
$164,277Average loans

North Sound Bank in Poulsbo, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches

North Sound Bank - Overview

Assets and Liabilities (December 31, 1999)

Income and Expense (December 31, 1999)

Performance and Condition Ratios (December 31, 1999)

Comment about this bank, ask questions, or add new information about it:

North Sound Bank in Poulsbo, Washington (WA)Overview, Financial Summary, Detailed Financial Reports, Branches

North Sound Bank - Overview

Assets and Liabilities (December 31, 1999)

Income and Expense (December 31, 1999)

Performance and Condition Ratios (December 31, 1999)

Comment about this bank, ask questions, or add new information about it:

North Sound Bank in Poulsbo, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches