Bank of Whitman
Colfax, WA · Owner: BK Whitman Employee STK Ownership Plan
$549M
total assets, June 30, 2011
$549M
total assets, June 30, 2011
Bank of Whitman was a state member bank in Colfax, WA, owned by BK Whitman Employee STK Ownership Plan. It failed on Aug 5, 2011, and Columbia State Bank took over its deposits. At its last report it held $548.6 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 2011
This bank failed
- Failed on
- Aug 5, 2011
- Assets
- $549M
- Deposits
- $516M
- Estimated cost
- $101M
- Deposits went to
- Columbia State Bank, Tacoma, WA
Total assets
$549M
-26.4% in a year · -9.1% in a quarter
Deposits
$516M
-16.9% in a year · -7.1% in a quarter
Loans
$448M
-23.8% in a year · -10.9% in a quarter
Profit so far
-$25.3M
Jan 1 to Jun 30, 2011
Capital ratio
-0.07%
-5.39 pts in a year
Return on assets
-8.28%
-8.12 pts in a year
Facts
- Type
- State member bank
- Head office
- South 201 Main Street, Colfax, WA, 99111
- County
- Whitman
- Holding company
- BK Whitman Employee STK Ownership Plan
- Established
- Sep 29, 1977
- Failed
- Aug 5, 2011
- Employees
- 152
- Branches
- 20
- Id
- b22528
Quarter by quarter
March 31, 1984 to June 30, 2011
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Bank of Whitman?
$548.6 million in total assets and $515.7 million in deposits as of June 30, 2011, with assets down 26.4% from a year before. Its loans were $447.9 million.
How many branches does Bank of Whitman have?
20 branches in Washington as of June 30, 2026.
Is Bank of Whitman profitable?
No: it lost $25.3 million from January 1 to June 30, 2011. Its return on assets was -8.28% a year; about 1% is typical.
Who owns Bank of Whitman?
Bank of Whitman is owned by BK Whitman Employee STK Ownership Plan, its holding company.
When did Bank of Whitman fail?
Aug 5, 2011. Columbia State Bank of Tacoma, WA took over its deposits. The estimated cost of the failure was $100.9 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.