Venture Bank
Lacey, WA — Non-member Bank
Acquired Sep 2009
Vitals
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Total Assets968.4M -20.9 %
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Total Deposits917.7M 0.1 %
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Total Net Loans650.0M -19.2 %
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Net Income
-
Book Value
-
Book Value x2
-
Book Value x3
Balance Sheet Highlights
Financial Highlights | Venture Bank | All Insured Commercial Banks in Washington |
Balance Sheet $(000) | ||
Total Assets | 968,385 | 413,313 |
Total Net Loans | 650,046 | 348,861 |
Total Deposits | 917,729 | 345,087 |
Total Equity | — | 40,155 |
Profitability | ||
Net Income | — | 1,175 |
Return on Average Assets | — | .821 |
Return on Average Equity | — | 8.248 |
Net Interest Margin | 2.105 | 3.615 |
Efficiency Ratio | 126.045 | 94.523 |
Noninterest Income/Revenue | 19.207 | 17.166 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 70.832 | 89.26 |
Securities/Assets | .117 | .264 |
Total Equity/Total Assets | .097 | |
Tangible Equity/Tangible Assets | -.503 | |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 32,124 | 33,682 |
Tier 2 Capital | 13,157 | 5,067 |
Total Capital | 45,281 | 38,323 |
Total Risk Weighted Assets | 1,026,671 | 343,236 |
Leverage Ratio | 3.13 | 9.398 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 3.13 | 11.605 |
Total Capital Ratio | 4.41 | 12.864 |
Timeline for Venture Bank
Venture Bank was acquired by 14 years
Sep 12 2009First-Citizens Bank & Trust Company
Venture Bank was acquired by First-Citizens Bank & Trust Company 14 years
View Profile Sep 12 2009Redmond National Bank
Acquisition: Venture Bank acquired a new subsidiary, Redmond National Bank, 18 years
View Profile Sep 03 2005Harbor Bank, National Association
Acquisition: Venture Bank acquired a new subsidiary, Harbor Bank, National Association, 21 years
View Profile Oct 01 2002Prairie Security Bank
Acquisition: Venture Bank acquired a new subsidiary, Prairie Security Bank, 27 years
View Profile Feb 07 1997Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
First-Citizens Bank & Trust Company | Buyer | 32,795,513 | Failure | 9/12/2009 | |
Redmond National Bank | Seller | 117,521 | Acquisition | Discontinued | 9/3/2005 |
Harbor Bank, National Association | Seller | 74,831 | Acquisition | Discontinued | 10/1/2002 |
Prairie Security Bank | Seller | 49,647 | Acquisition | Discontinued | 2/7/1997 |
Premises, Inc. | Seller | Acquisition | Discontinued | 12/1/1996 | |
Citizens First Bank | Seller | 36,740 | Pooling of Interests | Discontinued | 12/9/1995 |
Northwest Community Bank | Seller | 55,764 | Pooling of Interests | Discontinued | 11/30/1995 |
Relationships | Role | Relationship Start | Relationship End |
Venture Financial Group, Inc. | Parent | 9/28/1984 | 9/11/2009 |
Fcb Financial Services, Inc. | Subsidary | 4/14/1993 | 6/30/2003 |
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