First Heritage Bank
Snohomish, WA — Non-member Bank
Acquired May 2011
Vitals
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Total Assets173.5M -20.5 %
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Total Deposits163.3M -16.2 %
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Total Net Loans125.7M -17.3 %
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Net Income-435000.0000 40.3 %
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Book Value3.8M -73.7 %
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Book Value x27.5M -73.7 %
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Book Value x311.3M -73.7 %
Balance Sheet Highlights
| Financial Highlights | First Heritage Bank | All Insured Commercial Banks in Washington |
| Balance Sheet $(000) | ||
| Total Assets | 173,478 | 412,698 |
| Total Net Loans | 125,722 | 267,828 |
| Total Deposits | 163,303 | 351,941 |
| Total Equity | 3,772 | 41,202 |
| Profitability | ||
| Net Income | -435 | 387 |
| Return on Average Assets | -.981 | .071 |
| Return on Average Equity | -43.235 | -1.148 |
| Net Interest Margin | 3.588 | 3.963 |
| Efficiency Ratio | 117.71 | 87.137 |
| Noninterest Income/Revenue | 19.048 | 13.892 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 76.987 | 77.89 |
| Securities/Assets | .032 | .132 |
| Total Equity/Total Assets | .022 | .1 |
| Tangible Equity/Tangible Assets | .006 | .097 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 3,751 | 39,324 |
| Tier 2 Capital | 1,589 | 3,436 |
| Total Capital | 5,340 | 42,747 |
| Total Risk Weighted Assets | 126,148 | 287,227 |
| Leverage Ratio | 2.11 | 9.506 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 2.97 | 13.459 |
| Total Capital Ratio | 4.23 | 14.702 |
Timeline for First Heritage Bank
Columbia State Bank
First Heritage Bank was acquired by Columbia State Bank 13 years
View Profile May 28 2011
First Heritage Bank
First Heritage Bank was established 42 years ago and is currently headquartered in Snohomish, WA.
Jan 08 1982| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| Columbia State Bank | Buyer | 9,578,898 | Failure | 5/28/2011 |
| Relationships | Role | Relationship Start | Relationship End |
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