Bank of the Pacific in city_name, state_name - Detailed Financial Reports, Location

Bank of the Pacific in Aberdeen, Washington (WA), OR
Show street view No street view available for this location

Bank of the Pacific routing number info

Bank of the Pacific - Overview

General
FDIC Certificate #: 23041
Status: Active
Federal Reserve ID: 307679
Bank Holding Company (Regulatory Top Holder): Pacific Financial Corporation (RSSDID: 2560236, Location: Aberdeen, WA)
Date Established: December 26, 1979
WWW: http://www.bankofthepacific.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 17 (Domestic: 17, Interstate: Yes)
OTS Docket #: 10584
FDIC's unique #: 16132
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: December 26, 1979
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
Location
Address: 300 East Market Street, Aberdeen, WA 98520
County: Grays Harbor
Quarterly Banking Profile Region: San Francisco
FDIC Geographic Region: San Francisco
FDIC Supervisory Region: San Francisco
FDIC Field Office: Seattle
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: West
Core Based Statistical Area (CBSA): Aberdeen, WA (#10140)
CBSA Micro Statistical Area: Yes
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $640.3 mil
Equity capital: $77.3 mil
Deposits held in domestic offices: $548.4 mil
Return on assets (ROA): 0.53% ($3.4 mil)
Quarterly return on assets: 0.42% ($2.7 mil)
Return on Equity (ROE): 4.53% ($3.5 mil)
Quarterly return on equity: 3.56% ($2.7 mil)
Net income: $3.4 mil
Quarterly Net income: $0.7 mil
Pretax return on assets: 0.58% ($3,713.6 mil)
Quarterly Pretax return on assets: 0.57% ($3,649.6 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 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, 2011)

Dollar figures in thousands
213Total employees (full-time equivalent)
$640,272Total assets
$41,132Cash and due from depository institutions
$28,525Interest-bearing balances
$54,677Securities
$0Federal funds sold & reverse repurchase agreements
$477,566Net loans & leases
$11,127Loan loss allowance
$0Trading account assets
$14,884Bank premises and fixed assets
$7,725Other real estate owned
$12,550Goodwill and other intangibles
$640,272Life insurance assets
$31,738All other assets
$562,945Total liabilities and capital
$548,406Total liabilities
$439,151Total deposits
$548,406Interest-bearing deposits
$81Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$10,500Trading liabilities
$0Other borrowed funds
$4,039Subordinated debt
$77,327All other liabilities
$77,327Total equity capital
$77,327Total bank equity capital
$0Perpetual preferred stock
$550Common stock
$30,551Surplus
$46,226Undivided profits
Memoranda
$0Noncurrent loans and leases
$14,541Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$14,035Income earned, not collected on loans
$17Earning assets
$2,155Long-term assets (5+ years)
$560,768Average Assets, year-to-date
$202,870Average Assets, quarterly
$643,190Volatile liabilities
$646,418Insider loans
$471,470FHLB advances
$628,200Loans and leases held for sale
$17,275Unused loan commitments
$10,497Tier 1 (core) risk-based capital
$65,022Tier 2 risk-based capital
$5,441Total risk weighted assets
$1,337Total unused commitments
$91,596Restructured Loans and leases
$1,436Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$29,278Total interest income
$5,240Total interest expense
$24,038Net interest income
$2,500Provision for loan and lease losses
$6,187Total noninterest income
$0Fiduciary activities
$1,799Service charges on deposit accounts
$0Trading account gains & fees
$4,388Additional noninterest income
$24,350Total noninterest expense
$13,681Salaries and employee benefits
$2,534Premises and equipment expense
$8,135Additional noninterest expense
$3,375Pre-tax net operating income
$368Securities gains (losses)
$333Applicable income taxes
$3,410Income before extraordinary items
$0Extraordinary gains - net
$3,410Net income attributable to bank
$0Net charge-offs
$3,410Cash dividends
$1,990Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.19%Yield on earning assets
0.93%Cost of funding earning assets
4.26%Net interest margin
1.10%Noninterest income to earning assets
4.32%Noninterest expense to earning assets
0.48%Net operating income to assets
0.53%Return on assets (ROA)
0.58%Pretax return on assets
4.53%Return on equity (ROE)
4.53%Retained earnings to average equity (YTD only)
0.41%Net charge-offs to loans
125.63%Credit loss provision to net charge-offs
2.95%Efficiency ratio
80,447Assets per employee
3.01%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.28%Loss allowance to noncurrent loans
79.28%Noncurrent assets plus other real estate owned to assets
3.40%Noncurrent loans to loans
2.87%Net loans and leases to deposits
87.08%Net loans and leases to core deposits
94.14%Equity capital to assets
12.08%Core capital (leverage) ratio
10.35%Tier 1 risk-based capital ratio
13.79%Total risk-based capital ratio
Memoranda
$15Average assets
$643,190Average earning assets
$75,352Average equity
$564,207Average loans

List of branches

1 Oregon Branch as of April 05, 2012

No	ID	Name	Address	Established	Service Type	Map
19	466614	Gearhart Branch	3410 Hwy 101 N #b, Gearhart, OR 97138	October 01, 2006	Full Service Brick and Mortar

16 Washington Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	16132	Bank Of The Pacific	300 East Market Street, Aberdeen, WA 98520	December 26, 1979	Full Service Brick and Mortar
1	195631	Ocean Shores Branch	145 Chance A La Mer Street, Ocean Shores, WA 98569	Febuary 02, 1971	Full Service Brick and Mortar
3	255828	Hoquiam Branch	405 8th Street, Hoquiam, WA 98550	Febuary 13, 1989	Full Service Brick and Mortar
4	255829	Taholah Branch	515 Quinault Drive, Taholah, WA 98587	September 17, 1993	Full Service Brick and Mortar
5	255830	Montesano Branch	150 South Main, Montesano, WA 98563	October 06, 1997	Full Service Brick and Mortar
6	14164	Long Beach Branch	Pacific Ave. South & 10th St. South, Long Beach, WA 98631	October 27, 1971	Full Service Brick and Mortar
7	251209	Naselle-Grays River Valley Branch	309 Knappton Road, Naselle, WA 98638	December 02, 1974	Full Service Brick and Mortar
8	251210	Ilwaco Branch	Second And Spruce Streets, Ilwaco, WA 98624	May 23, 1977	Full Service Brick and Mortar
9	251211	Ocean Park Branch	Bay And Union Avenues, Ocean Park, WA 98640	December 01, 1979	Full Service Brick and Mortar
10	266627	Cathlamet Branch	140 3rd Street, Cathlamet, WA 98612	January 01, 1924	Full Service Brick and Mortar
11	57184	Bellingham Branch	100 Grand Avenue, Bellingham, WA 98227	March 03, 1997	Full Service Brick and Mortar
14	362504	Hannegan Branch	4124 Hannegan Road, Bellingham, WA 98226	October 04, 2001	Full Service Brick and Mortar
15	365647	Lynden	1800 Front Street, Lynden, WA 98264	December 16, 2002	Full Service Brick and Mortar
16	440498	Ferndale Branch	1860 Main Street, Ferndale, WA 98248	May 23, 2005	Full Service Brick and Mortar
17	447399	Raymond Branch	560 Commercial Street, Raymond, WA 98577	January 23, 2006	Full Service Brick and Mortar
18	450427	Anacortes Branch	801 Commercial Avenue, Anacortes, WA 98221	May 01, 2006	Full Service Brick and Mortar

Bank of the Pacific in Aberdeen, Washington (WA), OR
Overview, Financial Summary, Detailed Financial Reports, Branches

Bank of the Pacific - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

Bank of the Pacific in Aberdeen, Washington (WA), OROverview, Financial Summary, Detailed Financial Reports, Branches

Bank of the Pacific - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

Bank of the Pacific in Aberdeen, Washington (WA), OR
Overview, Financial Summary, Detailed Financial Reports, Branches