Mid State Bank in Waterville, Washington (WA)
Table of contents:
| Mid State Bank | |
|---|---|
| General | FDIC Certificate #: 22742 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution: North Cascades National Bank (#26846) Federal Reserve ID: 934075 Date Established: October 30, 1978 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) OTS Docket #: 10409 FDIC's unique #: 15877 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: October 30, 1978 Last Structure Change Effective Date: July 14, 2007 Last Structure Change Process Date: September 18, 2007 Last Data Update: September 18, 2007 Data Source Date: April 05, 2012 |
| Location | Address: 106 West Locust Street, Waterville, WA 98858 County: Douglas 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 Core Based Statistical Area (CBSA): Wenatchee-East Wenatchee, WA (#48300) CBSA Metro Statistical Area: Wenatchee-East Wenatchee, WA (#48300) |
| Financial Summary | Total assets: $41.0 mil |
| Assets and Liabilities (December 31, 2006) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 20 |
| Total assets | $41,770 |
| Cash and due from depository institutions | $954 |
| Interest-bearing balances | $22 |
| Securities | $2,218 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $35,750 |
| Loan loss allowance | $228 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $291 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $2,557 |
| Life insurance assets | $1,050 |
| Total liabilities and capital | $41,769 |
| Total liabilities | $38,180 |
| Total deposits | $33,346 |
| Interest-bearing deposits | $27,156 |
| Deposits held in domestic offices | $33,346 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $4,050 |
| Subordinated debt | $0 |
| All other liabilities | $784 |
| Total equity capital | $3,589 |
| Total bank equity capital | $3,589 |
| Perpetual preferred stock | $3,589 |
| Common stock | $0 |
| Surplus | $510 |
| Undivided profits | $1,559 |
| Memoranda | |
| Noncurrent loans and leases | $1,520 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $9,488 |
| Income earned, not collected on loans | $0 |
| Earning assets | $363 |
| Long-term assets (5+ years) | $0 |
| Average Assets, year-to-date | $971 |
| Average Assets, quarterly | $37,990 |
| Volatile liabilities | $3,870 |
| Insider loans | $42,952 |
| FHLB advances | $43,503 |
| Loans and leases held for sale | $9,550 |
| Unused loan commitments | $735 |
| Tier 1 (core) risk-based capital | $4,050 |
| Tier 2 risk-based capital | $0 |
| Total risk weighted assets | $0 |
| Total unused commitments | $9,488 |
| Restructured Loans and leases | $0 |
| Derivatives | $228 |
| Income and Expense (December 31, 2006) (Dollar figures in thousands) | |
| Total interest income | $3,396 |
| Total interest expense | $1,116 |
| Net interest income | $2,280 |
| Provision for loan and lease losses | $0 |
| Total noninterest income | $135 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $44 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $91 |
| Total noninterest expense | $1,789 |
| Salaries and employee benefits | $967 |
| Premises and equipment expense | $247 |
| Additional noninterest expense | $575 |
| Pre-tax net operating income | $626 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $199 |
| Income before extraordinary items | $427 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $427 |
| Net charge-offs | $0 |
| Cash dividends | $0 |
| Sale, conversion, retirement of capital stock, net | $5 |
| Net operating income | $209 |
| Performance and Condition Ratios (December 31, 2006) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 8.67% |
| Cost of funding earning assets | 2.85% |
| Net interest margin | 5.82% |
| Noninterest income to earning assets | 0.34% |
| Noninterest expense to earning assets | 4.57% |
| Net operating income to assets | 0.99% |
| Return on assets (ROA) | 0.99% |
| Pretax return on assets | 1.46% |
| Return on equity (ROE) | 12.29% |
| Retained earnings to average equity (YTD only) | 6.27% |
| Net charge-offs to loans | 0.01% |
| Credit loss provision to net charge-offs | 0.00% |
| Efficiency ratio | 125.20% |
| Assets per employee | $74,079 |
| Cash dividends to net income (YTD only) | 2.09% |
| Condition Ratios (%) | |
| Loss allowance to loans | 48.95% |
| Loss allowance to noncurrent loans | 0.63% |
| Noncurrent assets plus other real estate owned to assets | 62.81% |
| Noncurrent loans to loans | 0.87% |
| Net loans and leases to deposits | 1.01% |
| Net loans and leases to core deposits | 107.21% |
| Equity capital to assets | 128.38% |
| Core capital (leverage) ratio | 8.59% |
| Tier 1 risk-based capital ratio | 8.57% |
| Total risk-based capital ratio | 12.01% |
| Memoranda | |
| Average assets | $13 |
| Average earning assets | $42,952 |
| Average equity | $3,475 |
| Average loans | $39,181 |
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