Vitals
  • Total Assets
    894.6M 5.0 %
  • Total Deposits
    798.0M 5.6 %
  • Total Net Loans
    519.2M 15.2 %
  • Net Income
    6.7M 19.5 %
  • Book Value
    74.2M 1.3 %
  • Book Value x2
    148.5M 1.3 %
  • Book Value x3
    222.7M 1.3 %
ROAA

.77

ROAE

8.848

Efficiency Ratio

70.444

Net Interest Margin

3.269

Balance Sheet Highlights
Financial Highlights Skagit Bank All Insured Commercial Banks in Washington
Balance Sheet $(000)
Total Assets 894,581 1,309,331
Total Net Loans 519,250 914,924
Total Deposits 797,961 1,092,792
Total Equity 74,240 152,127
Profitability
Net Income 6,690 12,922
Return on Average Assets .77 .911
Return on Average Equity 8.848 8.319
Net Interest Margin 3.269 3.836
Efficiency Ratio 70.444 71.805
Noninterest Income/Revenue 12.027 18.251
Balance Sheet Ratios
Loan-to-Deposit 65.072 80.687
Securities/Assets .351 .16
Total Equity/Total Assets .083 .116
Tangible Equity/Tangible Assets .083 .099
Capital Adequacy
Tier 1 Common Capital 77,881 127,821
Tier 1 Capital 77,881 127,821
Tier 2 Capital 5,792 10,823
Total Capital 83,673 138,644
Total Risk Weighted Assets 627,391 1,050,147
Leverage Ratio 8.71 10.428
Common Equity Tier 1 Capital Ratio 12.41 14.247
Tier 1 Capital Ratio 12.41 14.247
Total Capital Ratio 13.34 15.385

Timeline for Skagit Bank

Skagit Bancorp, Inc.

Skagit Bancorp, Inc. became a new parent organization for Skagit Bank.

View Profile Jun 30 2006

Frontier Financial Corporation

Frontier Financial Corporation became a new parent organization for Skagit Bank.

View Profile Feb 22 2005

Skagit Bank

Skagit Bank was established 65 years ago and is currently headquartered in Burlington, WA.

Jun 16 1958
Relationships Role Relationship Start Relationship End
Skagit Bancorp, Inc. Parent 6/30/2006
Frontier Financial Corporation Parent 1/5/2006 6/29/2006
Frontier Financial Corporation Parent 7/26/2005 1/4/2006
Frontier Financial Corporation Parent 2/22/2005 7/25/2005
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