|
Consolidated Balance Sheets (USD $)
|
Sep. 30, 2012
|
Dec. 31, 2011
|
| Cash and cash equivalents: |
|
|
|
|
| Interest-bearing |
$ 45,015,000 |
|
$ 82,242,000 |
|
| Non-interest bearing and vault |
15,516,000 |
|
24,958,000 |
|
| Restricted cash |
12,710,000 |
|
2,668,000 |
|
| Available-for-sale securities, at fair value |
290,311,000 |
|
219,039,000 |
|
| Held-to-maturity securities, at amortized cost |
14,843,000 |
|
16,143,000 |
|
| Federal Home Loan Bank (“FHLB”) of Seattle stock, at cost |
2,290,000 |
|
2,310,000 |
|
| Loans held for sale |
5,070,000 |
|
5,561,000 |
|
| Loans receivable, net |
502,852,000 |
|
502,252,000 |
|
| Accrued interest receivable |
4,542,000 |
|
4,100,000 |
|
| Office properties and equipment, net |
36,031,000 |
|
37,687,000 |
|
| Bank-owned life insurance ("BOLI") |
9,387,000 |
|
9,127,000 |
|
| Other intangibles |
101,000 |
|
189,000 |
|
| Other real estate owned (“OREO”) |
5,636,000 |
|
6,650,000 |
|
| Prepaid expenses and other assets |
18,488,000 |
|
21,292,000 |
|
| Total assets |
962,792,000 |
|
934,218,000 |
|
| LIABILITIES |
|
|
|
|
| Deposits |
731,584,000 |
|
729,373,000 |
|
| Securities sold subject to repurchase agreements |
56,989,000 |
|
85,104,000 |
|
| Advances from Federal Home Loan Bank |
29,000,000 |
|
29,000,000 |
|
| Unexercised stock warrant liability |
899,000 |
|
0 |
|
| Cashier checks issued and payable |
266,000 |
|
481,000 |
|
| Accrued interest payable |
2,124,000 |
|
1,676,000 |
|
| Other borrowings |
16,527,000 |
|
16,527,000 |
|
| Accrued expenses and other liabilities |
11,819,000 |
|
10,441,000 |
|
| Total liabilities |
849,208,000 |
|
872,602,000 |
|
| STOCKHOLDERS’ EQUITY |
|
|
|
|
| Preferred stock, Series A, 27,000 shares issued and outstanding as of Sept 30, 2012 and December 31, 2011; liquidation preference of $1,000 per share |
26,430,000 |
|
26,149,000 |
|
| Accumulated other comprehensive loss, net of tax |
3,724,000 |
|
2,370,000 |
|
| Accumulated deficit |
(44,841,000) |
|
(45,819,000) |
|
| Total stockholders’ equity |
113,584,000 |
|
61,616,000 |
|
| Total liabilities and stockholders’ equity |
962,792,000 |
|
934,218,000 |
|
|
Voting common stock
|
|
|
|
|
| STOCKHOLDERS’ EQUITY |
|
|
|
|
| Common stock |
96,330,000 |
[1] |
78,916,000 |
[1] |
|
Non-voting common stock
|
|
|
|
|
| STOCKHOLDERS’ EQUITY |
|
|
|
|
| Common stock |
$ 31,941,000 |
[1] |
$ 0 |
[1] |
|
|
|