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Close of 30 Oct 2026, in USD
About City Bank (Washington)
Its shares trade under the ticker CTBK. In the fiscal year to 31 December 2009, it reported revenue of $40.2m and a net loss of $104.6m.
City Bank engages in the provision of commercial and retail banking products and services. The company is headquartered in Lynnwood, Washington. The Bank’s principle business activities are conducted thorough its office located in Lynnwood, Washington, and eight branches throughout Snohomish and King Counties. The Bank’s loan portfolio includes residential construction and development loans secured by real estate amounting to approximately 63% of the total loan portfolio. At December 31, 2008, 55.53% of the Bank’s deposits were in brokered deposits. The Bank’s primary focus has been lending to small and medium-sized businesses, construction lending for single family residences and home mortgage lending. At December 31, 2008, the Bank operated three full service mortgage banking officers in Snohomish, Pierce and Clark Counties whose purpose is to originate loans for sale into the secondary market.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- N/A
- Industry
- N/A
- Employees
- 151
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- City Bank (Washington) has consistently demonstrated strong financial performance, with steady revenue growth and impressive profit margins. This financial stability allows the bank to make strategic investments and expand its market presence.
- The bank has a wide-reaching branch network, ensuring convenient access for customers across various locations. This extensive presence strengthens customer relationships and enhances the bank's competitive advantage.
Weaknesses
- City Bank (Washington) lags behind some of its competitors in terms of digital banking capabilities. The bank's current online and mobile banking platforms lack certain features and functionalities, limiting its ability to cater to tech-savvy customers.
- One weakness of the bank is its fee structure, which is higher compared to some other banks in the industry. This might deter price-sensitive customers and could be a potential area for improvement to remain competitive.
Opportunities
- The rapidly evolving digital banking industry presents an opportunity for City Bank (Washington) to invest in upgrading its digital offerings. By enhancing its online and mobile platforms, the bank can attract tech-savvy customers and gain a competitive edge in the market.
- With increasing globalization and emerging markets gaining significance, City Bank (Washington) has the opportunity to expand its presence into these regions. Capitalizing on the growing economies in these markets can fuel the bank's growth and diversify its portfolio.
Threats
- City Bank (Washington) operates in a highly competitive banking industry, facing competition from both traditional banks and fintech startups. This competitive landscape poses a threat to the bank's market share and customer acquisition efforts.
- The bank is susceptible to economic downturns and fluctuations, which can impact loan portfolios and overall profitability. Economic instability, such as recessions or financial crises, poses a threat to the bank's financial performance and stability.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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