Income, deposits, assets up at state banks; number showing earnings gains go down

Tacoma News TribuneMay 29, 2014 

The Federal Deposit Insurance Corp. has issued its first quarter performance summary for Washington’s state-chartered banks, and the results should be mildly encouraging to those who might still worry about how financial institutions are prospering post-recession.

Among the results:

• The number of banks has fallen to 54 from the 56 reported after the first quarter 2013. The number of bank employees, however, has increased to 12,688 from 11,650.

• Net income over the quarter fell to $106 million from $116 million, with decreases seen only at institutions with assets above $100 million.

• Total assets rose to $52.98 billion from $44.9 billion.

• Total loans and leases rose to $36.17 billion from $30.7 billion.

• Total deposits rose to $42.7 billion from $36.4 billion.

• “Other real estate owned” –  a measure of  properties that have been foreclosed or that have otherwise made it onto the books – fell to $211 million from $291 million.

• The percentage of unprofitable institutions fell to 5.56 percent from 8.93 percent the year before. However, the parentage of institutions with earnings gains fell to 40.74 percent from 60.61 percent. 

• The percentage of nonperforming assets (or troubled loans) to all assets fell to 1.29 percent from 2.22 percent.

 

The News Tribune is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere in the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Commenting FAQs | Terms of Service