Washington First International Bank in Seattle, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 11, 2010

  • Washington First International Bank in Seattle, Washington (WA)
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Washington First International Bank - Overview

  • General
  • FDIC Certificate #: 32955
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: East West Bank (#31628)
    Federal Reserve ID: 1450620
    Date Established: May 15, 1990
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    OTS Docket #: 9336
    FDIC's unique #: 46132
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: May 15, 1990
    Last Structure Change Effective Date: June 11, 2010
    Last Structure Change Process Date: June 14, 2010
    Last Data Update: June 14, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 9709 Third Avenue, N.E. Suite 110, Seattle, WA 98115
    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: $520.9 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, 2009)

  • Dollar figures in thousands
  • 67Total employees (full-time equivalent)
  • $548,490Total assets
  • $25,504Cash and due from depository institutions
  • $21,640Interest-bearing balances
  • $57,027Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $408,517Net loans & leases
  • $17,610Loan loss allowance
  • $0Trading account assets
  • $4,743Bank premises and fixed assets
  • $26,790Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $25,909All other assets
  • $548,490Total liabilities and capital
  • $533,790Total liabilities
  • $477,418Total deposits
  • $440,119Interest-bearing deposits
  • $477,418Deposits held in domestic offices
  • 85.59%% insured (estimated)
  • $5,946Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $42,121Other borrowed funds
  • $0Subordinated debt
  • $8,305All other liabilities
  • $14,700Total equity capital
  • $14,700Total bank equity capital
  • $14,700Perpetual preferred stock
  • $0Common stock
  • $11,922Surplus
  • $19,354Undivided profits
  • Memoranda
  • $-16,576Noncurrent loans and leases
  • $35,665Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $78,115Earning assets
  • $0Long-term assets (5+ years)
  • $1,784Average Assets, year-to-date
  • $487,184Average Assets, quarterly
  • $42,794Volatile liabilities
  • $623,308Insider loans
  • $579,222FHLB advances
  • $290,346Loans and leases held for sale
  • $0Unused loan commitments
  • $42,121Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $35,665Total unused commitments
  • $7,774Restructured Loans and leases
  • $6,227Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $25,041Total interest income
  • $16,489Total interest expense
  • $8,552Net interest income
  • $62,670Provision for loan and lease losses
  • -$4,344Total noninterest income
  • $54Fiduciary activities
  • $294Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$4,692Additional noninterest income
  • $12,207Total noninterest expense
  • $4,332Salaries and employee benefits
  • $824Premises and equipment expense
  • $7,051Additional noninterest expense
  • -$70,669Pre-tax net operating income
  • $533Securities gains (losses)
  • -$12,189Applicable income taxes
  • -$57,947Income before extraordinary items
  • $0Extraordinary gains - net
  • -$57,947Net income attributable to bank
  • $0Net charge-offs
  • -$57,947Cash dividends
  • $67,735Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.35%Yield on earning assets
  • 2.86%Cost of funding earning assets
  • 1.48%Net interest margin
  • -0.75%Noninterest income to earning assets
  • 2.12%Noninterest expense to earning assets
  • -9.37%Net operating income to assets
  • -9.30%Return on assets (ROA)
  • -11.25%Pretax return on assets
  • -119.29%Return on equity (ROE)
  • -119.29%Retained earnings to average equity (YTD only)
  • 13.57%Net charge-offs to loans
  • 92.52%Credit loss provision to net charge-offs
  • -0.12%Efficiency ratio
  • 290,090Assets per employee
  • 8.19%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.13%Loss allowance to noncurrent loans
  • 22.54%Noncurrent assets plus other real estate owned to assets
  • 19.13%Noncurrent loans to loans
  • 18.33%Net loans and leases to deposits
  • 85.57%Net loans and leases to core deposits
  • 192.68%Equity capital to assets
  • 2.68%Core capital (leverage) ratio
  • 2.42%Tier 1 risk-based capital ratio
  • 2.96%Total risk-based capital ratio
  • Memoranda
  • $4Average assets
  • $623,308Average earning assets
  • $48,576Average equity
  • $576,073Average loans

Total Fiduciary and Related Assets (December 31, 2009)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $11,579Managed Assets
  • 1Number of Accounts
  • $5,517Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $5,517Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 13Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $6,062Other retirement accounts
  • $5,274Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $788Fiduciary accounts held in foreign offices

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