Vitals
  • Total Assets
    117.5M 18.0 %
  • Total Deposits
    92.2M 8.4 %
  • Total Net Loans
    109.5M 23.1 %
  • Net Income
    761000.0000 3.5 %
  • Book Value
    13.9M 6.8 %
  • Book Value x2
    27.9M 6.8 %
  • Book Value x3
    41.8M 6.8 %
ROAA

1.364

ROAE

11.187

Efficiency Ratio

47.414

Net Interest Margin

4.881

Balance Sheet Highlights
Financial Highlights Redmond National Bank All Insured Commercial Banks in Washington
Balance Sheet $(000)
Total Assets 117,521 245,484
Total Net Loans 109,474 183,416
Total Deposits 92,243 197,196
Total Equity 13,944 26,426
Profitability
Net Income 761 2,596
Return on Average Assets 1.364 1.223
Return on Average Equity 11.187 12.257
Net Interest Margin 4.881 4.922
Efficiency Ratio 47.414 69.806
Noninterest Income/Revenue 2.49 15.853
Balance Sheet Ratios
Loan-to-Deposit 118.68 89.81
Securities/Assets .014 .283
Total Equity/Total Assets .119 .108
Tangible Equity/Tangible Assets .119 .066
Capital Adequacy
Tier 1 Common Capital — —
Tier 1 Capital 13,955 25,120
Tier 2 Capital 1,043 2,545
Total Capital 14,998 27,668
Total Risk Weighted Assets 119,024 202,484
Leverage Ratio 12.17 11.042
Common Equity Tier 1 Capital Ratio — —
Tier 1 Capital Ratio 11.72 13.69
Total Capital Ratio 12.6 14.88

Timeline for Redmond National Bank

Venture Bank

Redmond National Bank was acquired by Venture Bank 18 years

View Profile Sep 03 2005

Redmond National Bank

Redmond National Bank was established 35 years ago and is currently headquartered in Redmond, WA.

Oct 25 1988

Washington Commercial Bancorp

Washington Commercial Bancorp became a new parent organization for Redmond National Bank.

View Profile Oct 25 1988
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Venture Bank Buyer 968,385 Acquisition Discontinued 9/3/2005
Relationships Role Relationship Start Relationship End
Washington Commercial Bancorp Parent 10/25/1988 9/2/2005
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