FDIC Certificate #: 23164 Status: Inactive Closing history: Corrections Acquiring institution:Banner Bank (#28489) Federal Reserve ID: 476874 Date Established: July 25, 1980 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 6 (Interstate: No) OTS Docket #: 10081 FDIC's unique #: 16230 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: July 25, 1980 Last Structure Change Effective Date: January 04, 1999 Last Structure Change Process Date: May 06, 1999 Last Data Update: May 06, 1999 Data Source Date: April 05, 2012
Location
Address: 1600 Cornwall Avenue, Bellingham, WA 98225 County: Whatcom 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): Bellingham, WA (#860) Core Based Statistical Area (CBSA): Bellingham, WA (#13380) CBSA Metro Statistical Area: Bellingham, WA (#13380)
History of Changes
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $99.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
58Total employees (full-time equivalent)
$99,220Total assets
$4,694Cash and due from depository institutions
$196Interest-bearing balances
$10,561Securities
$0Federal funds sold & reverse repurchase agreements
$79,268Net loans & leases
$1,076Loan loss allowance
$0Trading account assets
$2,609Bank premises and fixed assets
$81Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,007All other assets
$99,220Total liabilities and capital
$93,845Total liabilities
$84,784Total deposits
$69,892Interest-bearing deposits
$84,784Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$6,995Other borrowed funds
$0Subordinated debt
$2,066All other liabilities
$5,375Total equity capital
$5,375Total bank equity capital
$5,375Perpetual preferred stock
$0Common stock
$626Surplus
$3,802Undivided profits
Memoranda
$947Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,287Earning assets
$57Long-term assets (5+ years)
$443Average Assets, year-to-date
$90,025Average Assets, quarterly
$13,195Volatile liabilities
$92,138Insider loans
$96,806FHLB advances
$13,951Loans and leases held for sale
$496Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,828Total risk weighted assets
$11,758Total unused commitments
$0Restructured Loans and leases
$73,833Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$7,869Total interest income
$3,535Total interest expense
$4,334Net interest income
$180Provision for loan and lease losses
$1,875Total noninterest income
$0Fiduciary activities
$430Service charges on deposit accounts
$0Trading account gains & fees
$1,445Additional noninterest income
$6,010Total noninterest expense
$3,834Salaries and employee benefits
$896Premises and equipment expense
$1,280Additional noninterest expense
$19Pre-tax net operating income
$13Securities gains (losses)
$354Applicable income taxes
-$322Income before extraordinary items
$0Extraordinary gains - net
-$322Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$99Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.31%Yield on earning assets
4.18%Cost of funding earning assets
5.13%Net interest margin
2.22%Noninterest income to earning assets
7.11%Noninterest expense to earning assets
-0.36%Net operating income to assets
-0.35%Return on assets (ROA)
0.03%Pretax return on assets
-5.59%Return on equity (ROE)
-5.59%Retained earnings to average equity (YTD only)
0.14%Net charge-offs to loans
181.82%Credit loss provision to net charge-offs
2.01%Efficiency ratio
96,795Assets per employee
1.71%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.34%Loss allowance to noncurrent loans
83.61%Noncurrent assets plus other real estate owned to assets
1.38%Noncurrent loans to loans
1.60%Net loans and leases to deposits
93.49%Net loans and leases to core deposits
106.50%Equity capital to assets
5.42%Core capital (leverage) ratio
5.57%Tier 1 risk-based capital ratio
7.28%Total risk-based capital ratio
Memoranda
$9Average assets
$92,138Average earning assets
$5,760Average equity
$84,487Average loans
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