FDIC Certificate #: 20524 Status: Inactive Closing history: Consolidated - Without Assistance Acquiring institution:Bank of the Pacific (#23041) Federal Reserve ID: 576671 Date Established: October 27, 1971 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 5 (Interstate: No) FDIC's unique #: 14164 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: October 27, 1971 Last Structure Change Effective Date: November 08, 2000 Last Structure Change Process Date: Febuary 15, 2001 Last Data Update: Febuary 15, 2001 Data Source Date: April 05, 2012
Location
Address: Pacific Ave. South & 10th St. South, Long Beach, WA 98631 County: Pacific Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: Portland Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: West
Financial Summary
Total assets: $117.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
35Total employees (full-time equivalent)
$107,921Total assets
$4,061Cash and due from depository institutions
$700Interest-bearing balances
$33,129Securities
$0Federal funds sold & reverse repurchase agreements
$65,436Net loans & leases
$819Loan loss allowance
$0Trading account assets
$1,209Bank premises and fixed assets
$177Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$3,909All other assets
$107,921Total liabilities and capital
$98,703Total liabilities
$87,815Total deposits
$74,307Interest-bearing deposits
$87,815Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$8,675Other borrowed funds
$0Subordinated debt
$2,213All other liabilities
$9,218Total equity capital
$9,218Total bank equity capital
$9,218Perpetual preferred stock
$0Common stock
$734Surplus
$4,950Undivided profits
Memoranda
$3,534Noncurrent loans and leases
$4,968Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$312Earning assets
$0Long-term assets (5+ years)
$506Average Assets, year-to-date
$99,265Average Assets, quarterly
$45,266Volatile liabilities
$104,971Insider loans
$106,833FHLB advances
$17,464Loans and leases held for sale
$618Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,968Total unused commitments
$0Restructured Loans and leases
$819Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$7,995Total interest income
$3,004Total interest expense
$4,991Net interest income
$0Provision for loan and lease losses
$638Total noninterest income
$0Fiduciary activities
$329Service charges on deposit accounts
$0Trading account gains & fees
$309Additional noninterest income
$2,774Total noninterest expense
$1,653Salaries and employee benefits
$391Premises and equipment expense
$730Additional noninterest expense
$2,855Pre-tax net operating income
$9Securities gains (losses)
$786Applicable income taxes
$2,078Income before extraordinary items
$0Extraordinary gains - net
$2,078Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$102Sale, conversion, retirement of capital stock, net
$1,609Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.23%Yield on earning assets
3.09%Cost of funding earning assets
5.14%Net interest margin
0.66%Noninterest income to earning assets
2.86%Noninterest expense to earning assets
1.97%Net operating income to assets
1.98%Return on assets (ROA)
2.73%Pretax return on assets
21.10%Return on equity (ROE)
4.76%Retained earnings to average equity (YTD only)
-0.16%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
49,281Assets per employee
3.08%Cash dividends to net income (YTD only)
Condition Ratios (%)
77.43%Loss allowance to loans
1.24%Loss allowance to noncurrent loans
262.50%Noncurrent assets plus other real estate owned to assets
0.45%Noncurrent loans to loans
0.47%Net loans and leases to deposits
74.52%Net loans and leases to core deposits
82.80%Equity capital to assets
8.54%Core capital (leverage) ratio
9.43%Tier 1 risk-based capital ratio
12.99%Total risk-based capital ratio
Memoranda
$14Average assets
$104,971Average earning assets
$9,847Average equity
$97,158Average loans
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