Vitals
  • Total Assets
    1.1B 3.9 %
  • Total Deposits
    1.0B 3.8 %
  • Total Net Loans
    616.6M 6.8 %
  • Net Income
    11.8M 31.4 %
  • Book Value
    114.2M 1.3 %
  • Book Value x2
    228.3M 1.3 %
  • Book Value x3
    342.5M 1.3 %
ROAA

1.054

ROAE

9.926

Efficiency Ratio

70.821

Net Interest Margin

3.793

Balance Sheet Highlights
Financial Highlights Kitsap Bank All Insured Commercial Banks in Washington
Balance Sheet $(000)
Total Assets 1,130,534 1,309,331
Total Net Loans 616,639 914,924
Total Deposits 1,001,125 1,092,792
Total Equity 114,157 152,127
Profitability
Net Income 11,831 12,922
Return on Average Assets 1.054 .911
Return on Average Equity 9.926 8.319
Net Interest Margin 3.793 3.836
Efficiency Ratio 70.821 71.805
Noninterest Income/Revenue 17.464 18.251
Balance Sheet Ratios
Loan-to-Deposit 61.595 80.687
Securities/Assets .344 .16
Total Equity/Total Assets .101 .116
Tangible Equity/Tangible Assets .085 .099
Capital Adequacy
Tier 1 Common Capital 96,657 127,821
Tier 1 Capital 96,657 127,821
Tier 2 Capital 6,897 10,823
Total Capital 103,554 138,644
Total Risk Weighted Assets 720,167 1,050,147
Leverage Ratio 8.62 10.428
Common Equity Tier 1 Capital Ratio 13.42 14.247
Tier 1 Capital Ratio 13.42 14.247
Total Capital Ratio 14.38 15.385

Timeline for Kitsap Bank

Fife Commercial Bank

Acquisition: Kitsap Bank acquired a new subsidiary, Fife Commercial Bank, 8 years

View Profile Sep 18 2015

Westsound Bank

Acquisition: Kitsap Bank acquired a new subsidiary, Westsound Bank, 14 years

View Profile May 09 2009

Marinerbank

Acquisition: Kitsap Bank acquired a new subsidiary, Marinerbank, 17 years

View Profile Dec 01 2006

Kitsap County Nmtc Subsidiary Allocatee One, Llc

Kitsap County Nmtc Subsidiary Allocatee One, Llc became a new subsidiary organization for Kitsap Bank.

View Profile Aug 16 2005

Langer Insurance Agency, Inc.

Langer Insurance Agency, Inc. became a new subsidiary organization for Kitsap Bank.

View Profile Jan 01 2001

Want to see more?

Complete timeline for Kitsap Bank is available.

View Complete Timeline
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Fife Commercial Bank Seller 86,122 Acquisition Discontinued 9/18/2015
Westsound Bank Seller 334,608 Failure 5/9/2009
Marinerbank Seller 54,031 Acquisition Discontinued 12/1/2006
Northwestern Bank, National Association Seller 68,994 Acquisition Discontinued 1/14/1997
Relationships Role Relationship Start Relationship End
Olympic Bancorp, Inc. Parent 11/1/1997
Kitsap Insurance Agency, Inc. Subsidary 6/30/2007
Langer Insurance Agency, Inc. Subsidary 6/30/2007
Kitsap County Nmtc Subsidiary Allocatee One, Llc Subsidary 8/16/2005 1/30/2013
6Th & Park Partnership Subsidary 11/1/1997 4/30/2010
Kitsap Insurance Agency, Inc. Subsidary 5/24/1999 6/29/2007
Langer Insurance Agency, Inc. Subsidary 1/1/2001 6/29/2007
Kitsap Mortgage Company Subsidary 11/1/1997 12/31/2000
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