FDIC Certificate #: 33896 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Frontier Bank (#22710) Federal Reserve ID: 2194426 Date Established: May 16, 1994 WWW:http://www.northstarbankwa.com Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 3 (Interstate: No) OTS Docket #: 13304 FDIC's unique #: 54752 Numeric code: 13 Regulator: FED 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: May 16, 1994 Last Structure Change Effective Date: Febuary 01, 2006 Last Structure Change Process Date: Febuary 21, 2006 Last Data Update: Febuary 21, 2006 Data Source Date: April 05, 2012
Location
Address: 5602 15th Avenue, Northwest, Seattle, WA 98107 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: $177.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)
Dollar figures in thousands
30Total employees (full-time equivalent)
$177,767Total assets
$3,977Cash and due from depository institutions
$31Interest-bearing balances
$8,555Securities
$9,625Federal funds sold & reverse repurchase agreements
$149,482Net loans & leases
$1,898Loan loss allowance
$0Trading account assets
$334Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$5,794All other assets
$177,767Total liabilities and capital
$158,510Total liabilities
$146,192Total deposits
$128,623Interest-bearing deposits
$146,192Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$11,756Other borrowed funds
$0Subordinated debt
$562All other liabilities
$19,257Total equity capital
$19,257Total bank equity capital
$19,257Perpetual preferred stock
$0Common stock
$8,447Surplus
$4,000Undivided profits
Memoranda
$6,810Noncurrent loans and leases
$27,541Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$898Earning assets
$0Long-term assets (5+ years)
$731Average Assets, year-to-date
$167,693Average Assets, quarterly
$54,998Volatile liabilities
$174,910Insider loans
$178,623FHLB advances
$35,071Loans and leases held for sale
$1,949Unused loan commitments
$11,756Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$27,541Total unused commitments
$0Restructured Loans and leases
$1,888Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$12,353Total interest income
$4,364Total interest expense
$7,989Net interest income
$790Provision for loan and lease losses
$1,098Total noninterest income
$0Fiduciary activities
$334Service charges on deposit accounts
$0Trading account gains & fees
$764Additional noninterest income
$4,338Total noninterest expense
$2,539Salaries and employee benefits
$524Premises and equipment expense
$1,275Additional noninterest expense
$3,959Pre-tax net operating income
$0Securities gains (losses)
$1,291Applicable income taxes
$2,668Income before extraordinary items
$0Extraordinary gains - net
$2,668Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$663Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.48%Yield on earning assets
2.64%Cost of funding earning assets
4.84%Net interest margin
0.66%Noninterest income to earning assets
2.63%Noninterest expense to earning assets
1.53%Net operating income to assets
1.53%Return on assets (ROA)
2.26%Pretax return on assets
14.94%Return on equity (ROE)
14.94%Retained earnings to average equity (YTD only)
0.45%Net charge-offs to loans
119.16%Credit loss provision to net charge-offs
7.16%Efficiency ratio
47,739Assets per employee
5.93%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.25%Loss allowance to noncurrent loans
211.36%Noncurrent assets plus other real estate owned to assets
0.51%Noncurrent loans to loans
0.59%Net loans and leases to deposits
102.25%Net loans and leases to core deposits
133.34%Equity capital to assets
10.83%Core capital (leverage) ratio
10.82%Tier 1 risk-based capital ratio
12.83%Total risk-based capital ratio
Memoranda
$14Average assets
$174,910Average earning assets
$17,864Average equity
$165,150Average loans
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