FDIC Certificate #: 34791 Status: Active Federal Reserve ID: 2716163 Bank Holding Company (Regulatory Top Holder): Puget Sound Financial Services, Inc. (RSSDID: 3026010, Location: Fife, WA) Date Established: July 15, 1998 WWW:http://www.fifebank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 61638 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: Yes Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: July 15, 1998 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: 5209 Pacific Highway East, Fife, WA 98424 County: Pierce 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 Metropolitan Statistical Area (MSA): Tacoma, WA (#8200) Consolidated Metropolitan Statistical Area (CMSA): Seattle-Tacoma-Bremerton, WA (#91) Combined Statistical Area (CSA): Seattle-Tacoma-Olympia, WA (#500) Core Based Statistical Area (CBSA): Seattle-Tacoma-Bellevue, WA (#42660) CBSA Metro Statistical Area: Seattle-Tacoma-Bellevue, WA (#42660) Core Based Statistical Division: Tacoma, WA (#45104)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $85.6 mil Equity capital: $10.0 mil Deposits held in domestic offices: $67.4 mil Return on assets (ROA): 1.58% ($1.4 mil) Quarterly return on assets: 1.97% ($1.7 mil) Return on Equity (ROE): 14.03% ($1.4 mil) Quarterly return on equity: 17.15% ($1.7 mil) Net income: $1.3 mil Quarterly Net income: $0.4 mil Pretax return on assets: 1.58% ($1,352.0 mil) Quarterly Pretax return on assets: 1.97% ($1,685.7 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
15Total employees (full-time equivalent)
$85,569Total assets
$20,914Cash and due from depository institutions
$19,633Interest-bearing balances
$1,557Securities
$0Federal funds sold & reverse repurchase agreements
$59,248Net loans & leases
$1,214Loan loss allowance
$0Trading account assets
$841Bank premises and fixed assets
$402Other real estate owned
$0Goodwill and other intangibles
$85,569Life insurance assets
$2,607All other assets
$75,610Total liabilities and capital
$67,422Total liabilities
$54,956Total deposits
$67,422Interest-bearing deposits
$88Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$6,000Trading liabilities
$0Other borrowed funds
$2,188Subordinated debt
$9,959All other liabilities
$9,959Total equity capital
$9,959Total bank equity capital
$0Perpetual preferred stock
$161Common stock
$3,545Surplus
$6,253Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$590Income earned, not collected on loans
$0Earning assets
$241Long-term assets (5+ years)
$80,438Average Assets, year-to-date
$22,839Average Assets, quarterly
$84,731Volatile liabilities
$86,000Insider loans
$53,977FHLB advances
$86,211Loans and leases held for sale
$1,414Unused loan commitments
$725Tier 1 (core) risk-based capital
$9,845Tier 2 risk-based capital
$0Total risk weighted assets
$689Total unused commitments
$5,294Restructured Loans and leases
$3,566Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$4,637Total interest income
$732Total interest expense
$3,905Net interest income
$631Provision for loan and lease losses
$390Total noninterest income
$0Fiduciary activities
$155Service charges on deposit accounts
$0Trading account gains & fees
$235Additional noninterest income
$2,325Total noninterest expense
$1,106Salaries and employee benefits
$131Premises and equipment expense
$1,088Additional noninterest expense
$1,339Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$1,339Income before extraordinary items
$0Extraordinary gains - net
$1,339Net income attributable to bank
$0Net charge-offs
$1,339Cash dividends
$430Sale, conversion, retirement of capital stock, net
$418Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.82%Yield on earning assets
0.92%Cost of funding earning assets
4.90%Net interest margin
0.49%Noninterest income to earning assets
2.92%Noninterest expense to earning assets
1.58%Net operating income to assets
1.58%Return on assets (ROA)
1.58%Pretax return on assets
14.03%Return on equity (ROE)
9.65%Retained earnings to average equity (YTD only)
0.68%Net charge-offs to loans
146.74%Credit loss provision to net charge-offs
4.58%Efficiency ratio
54,133Assets per employee
5.70%Cash dividends to net income (YTD only)
Condition Ratios (%)
31.22%Loss allowance to loans
2.01%Loss allowance to noncurrent loans
205.76%Noncurrent assets plus other real estate owned to assets
1.16%Noncurrent loans to loans
0.98%Net loans and leases to deposits
87.88%Net loans and leases to core deposits
95.70%Equity capital to assets
11.64%Core capital (leverage) ratio
11.42%Tier 1 risk-based capital ratio
18.24%Total risk-based capital ratio
Memoranda
$20Average assets
$84,731Average earning assets
$9,547Average equity
$79,662Average loans
List of branches
1 Washington Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
61638
Fife Commercial Bank
5209 Pacific Highway East, Fife, WA 98424
July 15, 1998
Full Service Brick and Mortar
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Fife Commercial Bank.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: