North County Bank
Arlington, WA — Non-member Bank
Acquired Sep 2010
Vitals
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Total Assets288.8M -19.6 %
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Total Deposits276.1M -16.6 %
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Total Net Loans195.0M -28.8 %
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Net Income-2941000.0000
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Book Value12.1M -53.3 %
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Book Value x224.2M -53.3 %
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Book Value x336.2M -53.3 %
Balance Sheet Highlights
Financial Highlights | North County Bank | All Insured Commercial Banks in Washington |
Balance Sheet $(000) | ||
Total Assets | 288,776 | 404,857 |
Total Net Loans | 194,974 | 272,091 |
Total Deposits | 276,081 | 342,034 |
Total Equity | 12,083 | 35,831 |
Profitability | ||
Net Income | -2,941 | -940 |
Return on Average Assets | -1.819 | -.821 |
Return on Average Equity | -44.566 | -13.746 |
Net Interest Margin | 2.082 | 3.797 |
Efficiency Ratio | 130.534 | 92.064 |
Noninterest Income/Revenue | 10.198 | 10.933 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 70.622 | 80.333 |
Securities/Assets | .081 | .109 |
Total Equity/Total Assets | .042 | .089 |
Tangible Equity/Tangible Assets | .042 | .086 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 6,822 | 33,448 |
Tier 2 Capital | 2,920 | 3,661 |
Total Capital | 9,742 | 37,937 |
Total Risk Weighted Assets | 227,753 | 289,804 |
Leverage Ratio | 2.24 | 8.997 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 3 | 12.268 |
Total Capital Ratio | 4.28 | 13.515 |
Timeline for North County Bank
North County Bank was acquired by 13 years
Sep 25 2010Whidbey Island Bank
North County Bank was acquired by Whidbey Island Bank 13 years
View Profile Sep 25 2010County Bancorp, Inc.
County Bancorp, Inc. became a new parent organization for North County Bank.
View Profile Jul 01 2002North County Bank
North County Bank was established 25 years ago and is currently headquartered in Arlington, WA.
Apr 01 1999Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Whidbey Island Bank | Buyer | 1,684,640 | Failure | 9/25/2010 |
Relationships | Role | Relationship Start | Relationship End |
County Bancorp, Inc. | Parent | 7/1/2002 | 9/24/2010 |
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