Pacific Northwest Bank in Oak Harbor, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 24, 2004

  • Pacific Northwest Bank in Oak Harbor, Washington (WA)
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Pacific Northwest Bank - Overview

  • General
  • FDIC Certificate #: 30887
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Wells Fargo Bank, National Association (#3511)
    Federal Reserve ID: 882671
    Date Established: April 05, 1956
    WWW: http://www.wellsfargo.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 60 (Interstate: No)
    OTS Docket #: 6063
    FDIC's unique #: 43721
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    SAIF Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: June 25, 1957
    Last Structure Change Effective Date: April 24, 2004
    Last Structure Change Process Date: May 06, 2004
    Last Data Update: May 06, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 1259 West Pioneer Way/Island, Oak Harbor, WA 98277
    County: Island
    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): Oak Harbor, WA (#36020)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $2,791.1 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, 2003)

  • Dollar figures in thousands
  • 675Total employees (full-time equivalent)
  • $2,954,345Total assets
  • $78,202Cash and due from depository institutions
  • $2,169Interest-bearing balances
  • $351,471Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $1,866,018Net loans & leases
  • $34,469Loan loss allowance
  • $0Trading account assets
  • $22,543Bank premises and fixed assets
  • $3,004Other real estate owned
  • $515,278Goodwill and other intangibles
  • $0Life insurance assets
  • $117,829All other assets
  • $2,954,345Total liabilities and capital
  • $2,188,421Total liabilities
  • $1,794,083Total deposits
  • $1,676,000Interest-bearing deposits
  • $1,794,083Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $340,778Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $64Other borrowed funds
  • $0Subordinated debt
  • $53,496All other liabilities
  • $765,924Total equity capital
  • $765,924Total bank equity capital
  • $765,924Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $757,556Undivided profits
  • Memoranda
  • $8,368Noncurrent loans and leases
  • $647,107Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $22,658Earning assets
  • $0Long-term assets (5+ years)
  • $9,992Average Assets, year-to-date
  • $2,219,658Average Assets, quarterly
  • $765,601Volatile liabilities
  • $3,014,018Insider loans
  • $2,901,493FHLB advances
  • $643,175Loans and leases held for sale
  • $156Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $647,107Total unused commitments
  • $341Restructured Loans and leases
  • $27,651Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $23,636Total interest income
  • $3,853Total interest expense
  • $19,783Net interest income
  • $928Provision for loan and lease losses
  • $2,676Total noninterest income
  • $0Fiduciary activities
  • $1,163Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,513Additional noninterest income
  • $10,157Total noninterest expense
  • $5,572Salaries and employee benefits
  • $1,817Premises and equipment expense
  • $2,768Additional noninterest expense
  • $11,374Pre-tax net operating income
  • $1,002Securities gains (losses)
  • $4,228Applicable income taxes
  • $8,148Income before extraordinary items
  • $0Extraordinary gains - net
  • $8,148Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$29Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.91%Yield on earning assets
  • 0.15%Cost of funding earning assets
  • 0.76%Net interest margin
  • 0.10%Noninterest income to earning assets
  • 0.39%Noninterest expense to earning assets
  • 0.25%Net operating income to assets
  • 0.27%Return on assets (ROA)
  • 0.41%Pretax return on assets
  • 2.05%Return on equity (ROE)
  • 2.05%Retained earnings to average equity (YTD only)
  • -0.00%Net charge-offs to loans
  • -3200.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 42,749Assets per employee
  • 4.38%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.81%Loss allowance to noncurrent loans
  • 152.13%Noncurrent assets plus other real estate owned to assets
  • 0.87%Noncurrent loans to loans
  • 1.19%Net loans and leases to deposits
  • 104.01%Net loans and leases to core deposits
  • 125.09%Equity capital to assets
  • 25.93%Core capital (leverage) ratio
  • 9.48%Tier 1 risk-based capital ratio
  • 11.33%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $3,014,018Average earning assets
  • $397,852Average equity
  • $2,611,526Average loans

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