XML 67 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Cash and cash equivalents:    
Unrestricted interest-bearing cash and cash equivalents $ 53,403 $ 82,242
Unrestricted non interest-bearing and vault cash 13,536 24,958
Restricted non-interest bearing cash 13,146 2,668
Available-for-sale securities, at fair value 280,169 219,039
Held-to-maturity securities, at amortized cost 14,826 16,143
Federal Home Loan Bank (“FHLB”) of Seattle stock, at cost 2,269 2,310
Loans held for sale 1,684 5,561
Loans receivable, net 520,768 502,252
Accrued interest receivable 4,320 4,100
Office properties and equipment, net 35,453 37,687
Bank-owned life insurance ("BOLI") 9,472 9,127
Other intangibles 72 189
Other real estate owned (“OREO”) 4,951 6,650
Prepaid expenses and other assets 18,070 21,292
Total assets 972,139 934,218
LIABILITIES    
Deposits 748,934 729,373
Market value of the investment securities 76,738 85,104
Advances from Federal Home Loan Bank 4,000 29,000
Unexercised stock warrant liability 828 0
Cashier checks issued and payable 2,024 481
Accrued interest payable 1,185 1,676
Other borrowings 16,527 16,527
Other liabilities 7,469 10,441
Total liabilities 857,705 872,602
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 26,527 26,149
Accumulated other comprehensive loss, net of tax 3,529 2,370
Accumulated deficit (43,931) (45,819)
Stockholders’ Equity 114,434 61,616
Total liabilities and stockholders’ equity 972,139 934,218
Voting common stock
   
STOCKHOLDERS’ EQUITY    
Common stock 96,368 78,916
Non-voting common stock
   
STOCKHOLDERS’ EQUITY    
Common stock $ 31,941 $ 0