Vitals
  • Total Assets
    780.3M -7.2 %
  • Total Deposits
    680.0M -3.5 %
  • Total Net Loans
    437.2M -14.1 %
  • Net Income
    10.3M 129.9 %
  • Book Value
    88.9M 10.0 %
  • Book Value x2
    177.8M 10.0 %
  • Book Value x3
    266.7M 10.0 %
ROAA

1.27

ROAE

11.82

Efficiency Ratio

74.883

Net Interest Margin

4.413

Balance Sheet Highlights
Financial Highlights First Independent Bank All Insured Commercial Banks in Washington
Balance Sheet $(000)
Total Assets 780,348 486,501
Total Net Loans 437,211 312,712
Total Deposits 679,983 415,045
Total Equity 88,909 55,293
Profitability
Net Income 10,336 2,249
Return on Average Assets 1.27 .063
Return on Average Equity 11.82 -.769
Net Interest Margin 4.413 4.082
Efficiency Ratio 74.883 83.9
Noninterest Income/Revenue 20.688 13.514
Balance Sheet Ratios
Loan-to-Deposit 64.297 75.818
Securities/Assets .27 .17
Total Equity/Total Assets .114 .114
Tangible Equity/Tangible Assets .114 .109
Capital Adequacy
Tier 1 Common Capital — —
Tier 1 Capital 95,919 51,561
Tier 2 Capital 7,241 4,060
Total Capital 103,160 55,673
Total Risk Weighted Assets 570,131 343,867
Leverage Ratio 12.08 10.09
Common Equity Tier 1 Capital Ratio — —
Tier 1 Capital Ratio 16.82 14.637
Total Capital Ratio 18.09 15.869

Timeline for First Independent Bank

Sterling Savings Bank

First Independent Bank was acquired by Sterling Savings Bank 12 years

View Profile Mar 01 2012

First Independent Real Estate Llc

First Independent Real Estate Llc became a new subsidiary organization for First Independent Bank.

View Profile Apr 15 2010

Mx Development Llc

Mx Development Llc became a new subsidiary organization for First Independent Bank.

View Profile Mar 02 2010

Independent Investment Company, Inc.

Independent Investment Company, Inc. became a new subsidiary organization for First Independent Bank.

View Profile Jan 29 2010

First Independent Headquarters Llc

First Independent Headquarters Llc became a new subsidiary organization for First Independent Bank.

View Profile Sep 30 2009

Want to see more?

Complete timeline for First Independent Bank is available.

View Complete Timeline
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Sterling Savings Bank Buyer 10,214,194 Acquisition Discontinued 3/1/2012
Columbia Gorge Bank Seller 18,077 Discontinued 4/2/1984
Relationships Role Relationship Start Relationship End
First Independent Investment Group, Inc. Parent 7/1/1985 2/29/2012
Columbia Property Resources, Llc Subsidary 2/26/2009 2/29/2012
First Independent Headquarters Llc Subsidary 9/30/2009 2/29/2012
Mx Development Llc Subsidary 3/2/2010 2/29/2012
First Independent Real Estate Llc Subsidary 4/15/2010 2/29/2012
Independent Investment Company, Inc. Subsidary 1/29/2010 9/2/2010
First Independent Mortgage Company Subsidary 8/1/1997 1/1/2007
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