FDIC Certificate #: 34913 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Valley Bank (#21231) Federal Reserve ID: 2742180 Date Established: January 11, 1999 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 61976 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 11, 1999 Last Structure Change Effective Date: January 17, 2003 Last Structure Change Process Date: April 30, 2003 Last Data Update: April 30, 2003 Data Source Date: April 05, 2012
Location
Address: 1001 D Street Ne, Auburn, WA 98001 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: $22.5 mil
2000 - 2011 Historical total assets, liabilities and capital ($ 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
11Total employees (full-time equivalent)
$22,467Total assets
$4,122Cash and due from depository institutions
$3,146Interest-bearing balances
$105Securities
$0Federal funds sold & reverse repurchase agreements
$17,871Net loans & leases
$213Loan loss allowance
$0Trading account assets
$247Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$122All other assets
$22,467Total liabilities and capital
$18,562Total liabilities
$18,447Total deposits
$13,648Interest-bearing deposits
$18,447Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$115All other liabilities
$3,905Total equity capital
$3,905Total bank equity capital
$3,905Perpetual preferred stock
$0Common stock
$115Surplus
$3,185Undivided profits
Memoranda
$605Noncurrent loans and leases
$5,841Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$76Average Assets, year-to-date
$21,122Average Assets, quarterly
$1,738Volatile liabilities
$17,766Insider loans
$21,253FHLB advances
$4,981Loans and leases held for sale
$1,002Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,841Total unused commitments
$0Restructured Loans and leases
$213Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$1,131Total interest income
$199Total interest expense
$932Net interest income
$60Provision for loan and lease losses
$73Total noninterest income
$0Fiduciary activities
$48Service charges on deposit accounts
$0Trading account gains & fees
$25Additional noninterest income
$891Total noninterest expense
$421Salaries and employee benefits
$135Premises and equipment expense
$335Additional noninterest expense
$54Pre-tax net operating income
$0Securities gains (losses)
$17Applicable income taxes
$37Income before extraordinary items
$0Extraordinary gains - net
$37Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.87%Yield on earning assets
1.21%Cost of funding earning assets
5.66%Net interest margin
0.44%Noninterest income to earning assets
5.41%Noninterest expense to earning assets
0.21%Net operating income to assets
0.21%Return on assets (ROA)
0.30%Pretax return on assets
0.95%Return on equity (ROE)
0.95%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
88,657Assets per employee
2.04%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.18%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
96.88%Net loans and leases to core deposits
132.71%Equity capital to assets
17.38%Core capital (leverage) ratio
17.96%Tier 1 risk-based capital ratio
19.76%Total risk-based capital ratio
Memoranda
$21Average assets
$17,766Average earning assets
$3,901Average equity
$16,458Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Valley Bank.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: