FDIC Certificate #: 34585 Status: Active Federal Reserve ID: 2643595 Date Established: January 02, 1998 WWW:http://www.pacificcrestbank.com Trust Powers Granted: No Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 60748 Numeric code: 41 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: 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: January 02, 1998 Last Structure Change Effective Date: November 06, 2009 Last Structure Change Process Date: November 06, 2009 Last Data Update: November 06, 2009 Data Source Date: April 05, 2012
Location
Address: 3500 188th Street, S.W., Suite 575, Lynnwood, WA 98037 County: Snohomish 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): Seattle-Bellevue-Everett, WA (#7600) 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: Seattle-Bellevue-Everett, WA (#42644)
Financial Summary
Total assets: $157.2 mil Equity capital: $14.9 mil Deposits held in domestic offices: $119.5 mil Return on assets (ROA): 0.14% ($0.2 mil) Quarterly return on assets: 0.43% ($0.7 mil) Return on Equity (ROE): 1.51% ($0.2 mil) Quarterly return on equity: 4.64% ($0.7 mil) Net income: $0.2 mil Quarterly Net income: $0.2 mil Pretax return on assets: 0.14% ($220.0 mil) Quarterly Pretax return on assets: 0.43% ($675.9 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
16Total employees (full-time equivalent)
$157,176Total assets
$21,898Cash and due from depository institutions
$20,703Interest-bearing balances
$14,742Securities
$0Federal funds sold & reverse repurchase agreements
$116,292Net loans & leases
$1,703Loan loss allowance
$0Trading account assets
$106Bank premises and fixed assets
$1,299Other real estate owned
$0Goodwill and other intangibles
$157,176Life insurance assets
$2,839All other assets
$142,316Total liabilities and capital
$119,487Total liabilities
$118,966Total deposits
$119,487Interest-bearing deposits
$95Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$22,000Trading liabilities
$0Other borrowed funds
$829Subordinated debt
$14,860All other liabilities
$14,860Total equity capital
$14,860Total bank equity capital
$0Perpetual preferred stock
$0Common stock
$8,503Surplus
$6,357Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$4,298Income earned, not collected on loans
$0Earning assets
$654Long-term assets (5+ years)
$151,737Average Assets, year-to-date
$22,974Average Assets, quarterly
$157,741Volatile liabilities
$158,223Insider loans
$97,385FHLB advances
$157,619Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$14,405Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$1,775Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$7,678Total interest income
$2,337Total interest expense
$5,341Net interest income
$2,060Provision for loan and lease losses
-$9Total noninterest income
$0Fiduciary activities
$7Service charges on deposit accounts
$0Trading account gains & fees
-$16Additional noninterest income
$3,206Total noninterest expense
$1,615Salaries and employee benefits
$350Premises and equipment expense
$1,241Additional noninterest expense
$66Pre-tax net operating income
$153Securities gains (losses)
$0Applicable income taxes
$219Income before extraordinary items
$0Extraordinary gains - net
$219Net income attributable to bank
$0Net charge-offs
$219Cash dividends
$2,369Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.04%Yield on earning assets
1.53%Cost of funding earning assets
3.51%Net interest margin
-0.01%Noninterest income to earning assets
2.11%Noninterest expense to earning assets
0.04%Net operating income to assets
0.14%Return on assets (ROA)
0.14%Pretax return on assets
1.51%Return on equity (ROE)
1.51%Retained earnings to average equity (YTD only)
1.93%Net charge-offs to loans
86.96%Credit loss provision to net charge-offs
0.90%Efficiency ratio
60,128Assets per employee
9.82%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.44%Loss allowance to noncurrent loans
39.62%Noncurrent assets plus other real estate owned to assets
3.56%Noncurrent loans to loans
3.64%Net loans and leases to deposits
97.33%Net loans and leases to core deposits
102.22%Equity capital to assets
9.45%Core capital (leverage) ratio
9.14%Tier 1 risk-based capital ratio
14.79%Total risk-based capital ratio
Memoranda
$16Average assets
$157,741Average earning assets
$14,492Average equity
$152,255Average loans
List of branches
1 Washington Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
60748
Pacific Crest Savings Bank
3500 188th Street, S.W., Suite 575, Lynnwood, WA 98037
January 02, 1998
Full Service Brick and Mortar
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