Vitals
  • Total Assets
    334.6M -33.4 %
  • Total Deposits
    304.5M -31.2 %
  • Total Net Loans
    245.0M -31.8 %
  • Net Income
  • Book Value
    28.3M -51.0 %
  • Book Value x2
    56.5M -51.0 %
  • Book Value x3
    84.8M -51.0 %
ROAA

ROAE

Efficiency Ratio

Net Interest Margin

.625

Balance Sheet Highlights
Financial Highlights Westsound Bank All Insured Commercial Banks in Washington
Balance Sheet $(000)
Total Assets 334,608 419,007
Total Net Loans 245,012 316,972
Total Deposits 304,464 345,291
Total Equity 28,274 38,071
Profitability
Net Income — 653
Return on Average Assets — .777
Return on Average Equity — 7.817
Net Interest Margin .625 3.573
Efficiency Ratio — 90.272
Noninterest Income/Revenue 17.515
Balance Sheet Ratios
Loan-to-Deposit 80.473 91.501
Securities/Assets .049 .258
Total Equity/Total Assets .084 .091
Tangible Equity/Tangible Assets .084 -.982
Capital Adequacy
Tier 1 Common Capital — —
Tier 1 Capital 28,037 35,815
Tier 2 Capital 3,773 4,613
Total Capital 31,810 40,425
Total Risk Weighted Assets 290,905 355,374
Leverage Ratio 8.02 9.92
Common Equity Tier 1 Capital Ratio — —
Tier 1 Capital Ratio 9.64 11.838
Total Capital Ratio 10.93 13.095

Timeline for Westsound Bank

Westsound Bank was acquired by 15 years

May 09 2009

Kitsap Bank

Westsound Bank was acquired by Kitsap Bank 15 years

View Profile May 09 2009

Wsb Financial Group, Inc.

Wsb Financial Group, Inc. became a new parent organization for Westsound Bank.

View Profile Jul 25 2005

Westsound Bank

Westsound Bank was established 25 years ago and is currently headquartered in Bremerton, WA.

Mar 12 1999
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Kitsap Bank Buyer 1,150,083 Failure 5/9/2009
Relationships Role Relationship Start Relationship End
Wsb Financial Group, Inc. Parent 7/25/2005 5/8/2009
Similar Organizations
Organization City State Total Assets
Homebank
 		Palmyra MO 335.2M
Charlotte State Bank & Trust
 		Port Charlotte FL 332.8M
Commercial Bank
 		Parsons KS 332.2M
Lake Elmo Bank
 		Lake Elmo MN 338.9M
Private Bank Of Buckhead
 		Atlanta GA 329.4M
Harford Bank
 		Aberdeen MD 328.9M
Bank Of Ocean City
 		Ocean City MD 328.9M
Southwest Capital Bank
 		Albuquerque NM 342.9M
Redwood Capital Bank
 		Eureka CA 334.9M
City State Bank
 		Norwalk IA 343.8M