Fortune Bank
Seattle, WA — Domestic Branch of a Domestic Bank
Acquired Nov 2013
Vitals
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Total Assets143.6M 6.3 %
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Total Deposits123.9M 5.1 %
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Total Net Loans105.1M 2.8 %
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Net Income2.7M 469.9 %
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Book Value19.3M 17.2 %
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Book Value x238.6M 17.2 %
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Book Value x357.9M 17.2 %
Balance Sheet Highlights
| Financial Highlights | Fortune Bank | All Insured Commercial Banks in Washington |
| Balance Sheet $(000) | ||
| Total Assets | 143,649 | 723,950 |
| Total Net Loans | 105,065 | 477,821 |
| Total Deposits | 123,921 | 616,948 |
| Total Equity | 19,316 | 85,467 |
| Profitability | ||
| Net Income | 2,707 | 4,446 |
| Return on Average Assets | 2.58 | .571 |
| Return on Average Equity | 19.389 | 5.087 |
| Net Interest Margin | 3.901 | 3.95 |
| Efficiency Ratio | 95.472 | 79.616 |
| Noninterest Income/Revenue | 17.415 | 16.865 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 84.784 | 78.202 |
| Securities/Assets | .057 | .174 |
| Total Equity/Total Assets | .134 | .118 |
| Tangible Equity/Tangible Assets | .131 | .112 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 16,821 | 71,949 |
| Tier 2 Capital | 1,388 | 6,262 |
| Total Capital | 18,209 | 78,210 |
| Total Risk Weighted Assets | 113,516 | 532,579 |
| Leverage Ratio | 12.18 | 10.515 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 14.82 | 14.871 |
| Total Capital Ratio | 16.04 | 16.086 |
Timeline for Fortune Bank
Fortune Bank
Fortune Bank was established 17 years ago and is currently headquartered in Seattle, WA.
Dec 11 2006| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| Homestreet Bank | Buyer | 6,190,985 | Acquisition | Discontinued | 11/1/2013 |
| Relationships | Role | Relationship Start | Relationship End |
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