North Cascades National Bank in Chelan, Washington (WA)
| North Cascades National Bank | |
|---|---|
| General | FDIC Certificate #: 26846 Status: Active Federal Reserve ID: 119274 Bank Holding Company (Regulatory Top Holder): North Cascades Bancshares, Inc. (RSSDID: 1832824, Location: Chelan, WA) Date Established: December 01, 1986 WWW: http://www.ncnbank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 11 (Domestic: 11, Interstate: No) OTS Docket #: 8935 FDIC's unique #: 36088 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: No Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: December 01, 1986 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: Febuary 17, 2011 |
| Location | Address: 220 North Johnson Street, Chelan, WA 98816 County: Chelan 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) |
| History of Changes | Participated in Absorption/Consolidation/Merger |
| Financial Summary | Total assets: $32.1 mil Equity capital: $3.5 mil Deposits held in domestic offices: $27.3 mil Return on assets (ROA): 0.49% ($0.2 mil) Quarterly return on assets: 0.69% ($0.2 mil) Return on Equity (ROE): 1.04.1951% ($0.0 mil) Quarterly return on equity: 1.06.2016% ($0.0 mil) Net income: $0.1 mil Quarterly Net income: $0.5 mil Pretax return on assets: 0.67% ($214.8 mil) Quarterly Pretax return on assets: 0.96% ($307.8 mil) |
| Assets and Liabilities (December 31, 2010) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 102 |
| Total assets | $326,365 |
| Cash and due from depository institutions | $29,728 |
| Interest-bearing balances | $23,729 |
| Securities | $51,528 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $209,938 |
| Loan loss allowance | $4,058 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $10,860 |
| Other real estate owned | $2,421 |
| Goodwill and other intangibles | $5,419 |
| All other assets | $16,471 |
| Life insurance assets | $7,224 |
| Total liabilities and capital | $326,365 |
| Total liabilities | $291,408 |
| Total deposits | $279,221 |
| Interest-bearing deposits | $226,645 |
| Deposits held in domestic offices | $279,221 |
| % insured (estimated) | 91.10% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $5,921 |
| Subordinated debt | $0 |
| All other liabilities | $6,266 |
| Total equity capital | $34,957 |
| Total bank equity capital | $34,957 |
| Perpetual preferred stock | $34,957 |
| Common stock | $0 |
| Surplus | $926 |
| Undivided profits | $15,513 |
| Memoranda | |
| Noncurrent loans and leases | $18,518 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $18,817 |
| Income earned, not collected on loans | $0 |
| Earning assets | $6,716 |
| Long-term assets (5+ years) | $0 |
| Average Assets, year-to-date | $1,939 |
| Average Assets, quarterly | $285,195 |
| Volatile liabilities | $89,700 |
| Insider loans | $320,527 |
| FHLB advances | $323,528 |
| Loans and leases held for sale | $44,992 |
| Unused loan commitments | $10,727 |
| Tier 1 (core) risk-based capital | $5,386 |
| Tier 2 risk-based capital | $0 |
| Total risk weighted assets | $0 |
| Total unused commitments | $18,817 |
| Restructured Loans and leases | $0 |
| Derivatives | $2,869 |
| Income and Expense (December 31, 2010) (Dollar figures in thousands) | |
| Total interest income | $15,567 |
| Total interest expense | $3,137 |
| Net interest income | $12,430 |
| Provision for loan and lease losses | $1,241 |
| Total noninterest income | $1,616 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $562 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $1,054 |
| Total noninterest expense | $11,328 |
| Salaries and employee benefits | $5,653 |
| Premises and equipment expense | $1,375 |
| Additional noninterest expense | $4,300 |
| Pre-tax net operating income | $1,477 |
| Securities gains (losses) | $31 |
| Applicable income taxes | $366 |
| Income before extraordinary items | $1,142 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $1,142 |
| Net charge-offs | $0 |
| Cash dividends | $1,142 |
| Sale, conversion, retirement of capital stock, net | $1,850 |
| Net operating income | $100 |
| Performance and Condition Ratios (December 31, 2010) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.59% |
| Cost of funding earning assets | 1.13% |
| Net interest margin | 4.47% |
| Noninterest income to earning assets | 0.58% |
| Noninterest expense to earning assets | 4.07% |
| Net operating income to assets | 0.35% |
| Return on assets (ROA) | 0.36% |
| Pretax return on assets | 0.47% |
| Return on equity (ROE) | 3.28% |
| Retained earnings to average equity (YTD only) | 3.00% |
| Net charge-offs to loans | 0.83% |
| Credit loss provision to net charge-offs | 67.08% |
| Efficiency ratio | 1.47% |
| Assets per employee | $79,816 |
| Cash dividends to net income (YTD only) | 3.20% |
| Condition Ratios (%) | |
| Loss allowance to loans | 8.76% |
| Loss allowance to noncurrent loans | 1.90% |
| Noncurrent assets plus other real estate owned to assets | 60.42% |
| Noncurrent loans to loans | 2.80% |
| Net loans and leases to deposits | 3.14% |
| Net loans and leases to core deposits | 75.19% |
| Equity capital to assets | 87.42% |
| Core capital (leverage) ratio | 10.71% |
| Tier 1 risk-based capital ratio | 9.29% |
| Total risk-based capital ratio | 13.01% |
| Memoranda | |
| Average assets | $14 |
| Average earning assets | $320,527 |
| Average equity | $34,765 |
| Average loans | $278,297 |
| 11 Washington Branches as of Febuary 17, 2011 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 36088 | North Cascades National Bank | 220 North Johnson Street, Chelan, WA 98816 | December 01, 1986 | Full Service Brick and Mortar |  |
| 2 | 260273 | Okanogan Valley Branch | 721 South Okoma Drive, Omak, WA 98841 | March 02, 1991 | Full Service Brick and Mortar |  |
| 3 | 4151 | Twisp Branch | North 101 Methow Valley Highway, Twisp, WA 98856 | May 15, 1909 | Full Service Brick and Mortar | |
| 4 | 208886 | Pateros Branch | 1005 Highway 97, Brewster, WA 98812 | October 09, 1964 | Full Service Brick and Mortar | |
| 5 | 240820 | Bridgeport Branch | 1015 Columbia Avenue, Bridgeport, WA 98813 | August 20, 1956 | Full Service Brick and Mortar | |
| 6 | 240822 | Grand Coulee Branch | 608 Midway Avenue, Grand Coulee, WA 99133 | October 22, 1962 | Full Service Brick and Mortar | |
| 8 | 465523 | Wenatchee Branch | 614 North Mission Street, Wenatchee, WA 98801 | May 14, 2007 | Full Service Brick and Mortar | |
| 9 | 15877 | Waterville Branch | 106 West Locust Street, Waterville, WA 98858 | October 30, 1978 | Full Service Brick and Mortar | |
| 10 | 255193 | Coulee City Branch | 507 Main Street, Coulee, WA 99115 | July 01, 1985 | Full Service Brick and Mortar | |
| 13 | 473137 | Okanogan Office Branch | 188 Pine Street, Okanogan, WA 98840 | January 07, 2008 | Full Service Brick and Mortar | |
| 14 | 490132 | East Wenatchee Branch | 236 3rd Street, Se, East Wenatchee, WA 98802 | April 13, 2009 | Full Service Brick and Mortar | |
Based on public records. Inadvertent errors are possible.
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