First Mutual Bank
Bellevue, WA — Domestic Branch of a Domestic Bank
Acquired Feb 2008
Vitals
-
Total Assets1.0B -4.8 %
-
Total Deposits764.0M -5.8 %
-
Total Net Loans925.5M 3.1 %
-
Net Income9.9M -20.3 %
-
Book Value86.1M -3.2 %
-
Book Value x2172.2M -3.2 %
-
Book Value x3258.3M -3.2 %
Balance Sheet Highlights
Financial Highlights | First Mutual Bank | All Insured Savings Banks in Washington |
Balance Sheet $(000) | ||
Total Assets | 1,026,179 | 850,800 |
Total Net Loans | 925,535 | 728,010 |
Total Deposits | 763,963 | 563,824 |
Total Equity | 86,100 | 91,365 |
Profitability | ||
Net Income | 9,930 | 20,485 |
Return on Average Assets | .969 | 3.034 |
Return on Average Equity | 11.184 | 20.892 |
Net Interest Margin | 4.037 | 3.876 |
Efficiency Ratio | 62.058 | 68.19 |
Noninterest Income/Revenue | 6.937 | 30.825 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 121.149 | 127.041 |
Securities/Assets | .01 | .094 |
Total Equity/Total Assets | .084 | .107 |
Tangible Equity/Tangible Assets | .079 | .093 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 86,098 | 89,117 |
Tier 2 Capital | 10,252 | 8,042 |
Total Capital | 96,350 | 97,159 |
Total Risk Weighted Assets | 819,144 | 695,143 |
Leverage Ratio | 8.51 | 10.992 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 10.51 | 13.495 |
Total Capital Ratio | 11.76 | 14.594 |
Timeline for First Mutual Bank
Washington Federal, National Association
First Mutual Bank was acquired by Washington Federal, National Association 16 years
View Profile Feb 02 2008First Mutual Bancshares, Inc.
First Mutual Bancshares, Inc. became a new parent organization for First Mutual Bank.
View Profile Oct 26 1999First Mutual Services, Inc.
First Mutual Services, Inc. became a new subsidiary organization for First Mutual Bank.
View Profile Feb 13 1987First Mutual Bank
First Mutual Bank was established 55 years ago and is currently headquartered in Bellevue, WA.
Jul 01 1968Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Washington Federal, National Association | Buyer | 14,885,372 | Discontinued | 2/2/2008 |
Relationships | Role | Relationship Start | Relationship End |
First Mutual Bancshares, Inc. | Parent | 10/26/1999 | 2/1/2008 |
First Mutual Services, Inc. | Subsidary | 6/30/2007 | 2/1/2008 |
First Mutual Services, Inc. | Subsidary | 2/13/1987 | 6/29/2007 |
Similar Organizations
Organization | City | State | Total Assets |
---|---|---|---|
The Lowell Five Cent Savings Bank
|
Lowell | MA | 1.0B |
First Federal Savings And Loan Association Of Port Angeles
|
Port Angeles | WA | 1.0B |
The Village Bank
|
Auburndale | MA | 990.4M |
Androscoggin Savings Bank
|
Lewiston | ME | 921.8M |
Washington Financial Bank
|
Washington | PA | 1.1B |
Timberland Bank
|
Hoquiam | WA | 890.3M |
Manasquan Bank
|
Manasquan | NJ | 1.0B |
Pioneer Savings Bank
|
Troy | NY | 1.1B |
Haven Savings Bank
|
Hoboken | NJ | 911.3M |
Chelsea Groton Bank
|
Norwich | CT | 1.0B |