Northwestern Bank, National Association in city_name, state_name

Northwestern Bank, National Association in Bremerton, Washington (WA)
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Northwestern Bank, National Association - Overview

General
FDIC Certificate #: 23009
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Kitsap Bank (#6161)
Federal Reserve ID: 451077
Date Established: December 08, 1979
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 5 (Interstate: No)
OTS Docket #: 8747
FDIC's unique #: 16107
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: December 08, 1979
Last Structure Change Effective Date: January 14, 1997
Last Structure Change Process Date: Febuary 13, 1997
Last Data Update: Febuary 13, 1997
Data Source Date: April 05, 2012
Location
Address: 803 Sixth Street, Bremerton, WA 98310
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: $69.0 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$30Total assets
$68,994Cash and due from depository institutions
$13,465Interest-bearing balances
$9,675Securities
$7,102Federal funds sold & reverse repurchase agreements
$2,000Net loans & leases
$43,350Loan loss allowance
$441Trading account assets
$0Bank premises and fixed assets
$2,098Other real estate owned
$0Goodwill and other intangibles
$979Life insurance assets
$0All other assets
$0Total liabilities and capital
$68,994Total liabilities
$64,317Total deposits
$62,681Interest-bearing deposits
$56,079Deposits held in domestic offices
62681.00%% insured (estimated)
$94Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$1,284Subordinated debt
$0All other liabilities
$352Total equity capital
$352Total bank equity capital
$4,677Perpetual preferred stock
$0Common stock
$2,520Surplus
$600Undivided profits
Memoranda
$1,557Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$925Income earned, not collected on loans
$228Earning assets
$62,127Long-term assets (5+ years)
$12,203Average Assets, year-to-date
$73,018Average Assets, quarterly
$69,489Volatile liabilities
$6,938Insider loans
$475FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$5,696Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,694Total risk weighted assets
$43,430Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$5,891Total interest expense
$2,858Net interest income
$3,033Provision for loan and lease losses
$266Total noninterest income
$572Fiduciary activities
$0Service charges on deposit accounts
$217Trading account gains & fees
$0Additional noninterest income
$355Total noninterest expense
$3,021Salaries and employee benefits
$1,433Premises and equipment expense
$414Additional noninterest expense
$1,174Pre-tax net operating income
$318Securities gains (losses)
-$283Applicable income taxes
-$50Income before extraordinary items
$85Extraordinary gains - net
$0Net income attributable to bank
$85Net charge-offs
$198Cash dividends
$368Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.81%Cost of funding earning assets
4.27%Net interest margin
4.53%Noninterest income to earning assets
0.86%Noninterest expense to earning assets
4.52%Net operating income to assets
0.50%Return on assets (ROA)
0.12%Pretax return on assets
0.05%Return on equity (ROE)
1.75%Retained earnings to average equity (YTD only)
-5.83%Net charge-offs to loans
0.45%Credit loss provision to net charge-offs
134.34%Efficiency ratio
83,800Assets per employee
2.30%Cash dividends to net income (YTD only)
Condition Ratios (%)
432.94%Loss allowance to loans
1.01%Loss allowance to noncurrent loans
47.68%Noncurrent assets plus other real estate owned to assets
1.34%Noncurrent loans to loans
2.11%Net loans and leases to deposits
69.16%Net loans and leases to core deposits
77.77%Equity capital to assets
6.78%Core capital (leverage) ratio
6.72%Tier 1 risk-based capital ratio
10.81%Total risk-based capital ratio
Memoranda
$12Average assets
$73,018Average earning assets
$4,855Average equity
$66,881Average loans

Northwestern Bank, National Association in Bremerton, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Northwestern Bank, National Association - Overview

Assets and Liabilities (December 31, 1996)

Income and Expense (December 31, 1996)

Performance and Condition Ratios (December 31, 1996)

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

Northwestern Bank, National Association in Bremerton, Washington (WA)Overview, Financial Summary, Detailed Financial Reports, Branches

Northwestern Bank, National Association - Overview

Assets and Liabilities (December 31, 1996)

Income and Expense (December 31, 1996)

Performance and Condition Ratios (December 31, 1996)

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

Northwestern Bank, National Association in Bremerton, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches