FDIC Certificate #: 31131 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Washington Federal (#28088) Federal Reserve ID: 815679 Date Established: January 01, 1959 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 6436 FDIC's unique #: 43965 Numeric code: 35 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: Yes Date of Deposit Insurance: June 21, 1960 Last Structure Change Effective Date: August 31, 2003 Last Structure Change Process Date: November 17, 2003 Last Data Update: November 17, 2003 Data Source Date: April 05, 2012
Location
Address: 601 South Jackson Street, Seattle, WA 98104 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: $320.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)
Dollar figures in thousands
43Total employees (full-time equivalent)
$311,446Total assets
$73,736Cash and due from depository institutions
$71,374Interest-bearing balances
$32,098Securities
$400Federal funds sold & reverse repurchase agreements
$195,580Net loans & leases
$1,571Loan loss allowance
$0Trading account assets
$1,407Bank premises and fixed assets
$371Other real estate owned
$186Goodwill and other intangibles
$0Life insurance assets
$7,668All other assets
$311,446Total liabilities and capital
$269,617Total liabilities
$262,854Total deposits
$261,129Interest-bearing deposits
$262,854Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$250Other borrowed funds
$0Subordinated debt
$6,513All other liabilities
$41,829Total equity capital
$41,829Total bank equity capital
$41,829Perpetual preferred stock
$0Common stock
$407Surplus
$1,338Undivided profits
Memoranda
$40,084Noncurrent loans and leases
$3,806Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$524Earning assets
$0Long-term assets (5+ years)
$1,199Average Assets, year-to-date
$299,452Average Assets, quarterly
$0Volatile liabilities
$307,315Insider loans
$308,226FHLB advances
$51,999Loans and leases held for sale
$0Unused loan commitments
$250Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,806Total unused commitments
$667Restructured Loans and leases
$1,571Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$16,430Total interest income
$8,429Total interest expense
$8,001Net interest income
$75Provision for loan and lease losses
$845Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$845Additional noninterest income
$3,770Total noninterest expense
$2,138Salaries and employee benefits
$646Premises and equipment expense
$986Additional noninterest expense
$5,001Pre-tax net operating income
$57Securities gains (losses)
$1,701Applicable income taxes
$3,357Income before extraordinary items
$0Extraordinary gains - net
$3,357Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$1Sale, conversion, retirement of capital stock, net
$570Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.55%Yield on earning assets
2.85%Cost of funding earning assets
2.70%Net interest margin
0.29%Noninterest income to earning assets
1.27%Noninterest expense to earning assets
1.08%Net operating income to assets
1.09%Return on assets (ROA)
1.65%Pretax return on assets
8.36%Return on equity (ROE)
6.94%Retained earnings to average equity (YTD only)
-0.00%Net charge-offs to loans
-7500.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
42,618Assets per employee
7.24%Cash dividends to net income (YTD only)
Condition Ratios (%)
16.98%Loss allowance to loans
0.80%Loss allowance to noncurrent loans
299.81%Noncurrent assets plus other real estate owned to assets
0.29%Noncurrent loans to loans
0.27%Net loans and leases to deposits
74.41%Net loans and leases to core deposits
92.65%Equity capital to assets
13.43%Core capital (leverage) ratio
12.86%Tier 1 risk-based capital ratio
30.43%Total risk-based capital ratio
Memoranda
$32Average assets
$307,315Average earning assets
$40,159Average equity
$296,257Average loans
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