Pacific One Bank, National Association in city_name, state_name

Pacific One Bank, National Association in Kennewick, Washington (WA)
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Pacific One Bank, National Association - Overview

General
FDIC Certificate #: 24179
Status: Inactive
Closing history: Corrections
Acquiring institution: Pacific One Bank (#34181)
Federal Reserve ID: 481270
Date Established: October 25, 1982
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 8 (Interstate: No)
OTS Docket #: 9146
FDIC's unique #: 16833
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: No
Date of Deposit Insurance: October 25, 1982
Last Structure Change Effective Date: January 01, 1998
Last Structure Change Process Date: January 21, 1998
Last Data Update: January 26, 1998
Data Source Date: April 05, 2012
Location
Address: 7525 West Canal Drive, Kennewick, WA 99336
County: Benton
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): Richland-Kennewick-Pasco, WA (#6740)
Core Based Statistical Area (CBSA): Kennewick-Pasco-Richland, WA (#28420)
CBSA Metro Statistical Area: Kennewick-Pasco-Richland, WA (#28420)
History of Changes
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $164.1 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

Dollar figures in thousands
80Total employees (full-time equivalent)
$164,063Total assets
$9,751Cash and due from depository institutions
$80Interest-bearing balances
$14,784Securities
$7,200Federal funds sold & reverse repurchase agreements
$110,336Net loans & leases
$1,600Loan loss allowance
$0Trading account assets
$5,474Bank premises and fixed assets
$0Other real estate owned
$14,988Goodwill and other intangibles
$0Life insurance assets
$1,530All other assets
$164,063Total liabilities and capital
$136,111Total liabilities
$127,779Total deposits
$88,274Interest-bearing deposits
$127,779Deposits held in domestic offices
0.00%% insured (estimated)
$6,562Federal funds purchased & repurchase agreements
$0Trading liabilities
$52Other borrowed funds
$0Subordinated debt
$1,718All other liabilities
$27,952Total equity capital
$27,952Total bank equity capital
$27,952Perpetual preferred stock
$0Common stock
$2,790Surplus
$24,042Undivided profits
Memoranda
$1,120Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$359Earning assets
$0Long-term assets (5+ years)
$877Average Assets, year-to-date
$132,400Average Assets, quarterly
$45,713Volatile liabilities
$168,290Insider loans
$164,567FHLB advances
$16,713Loans and leases held for sale
$211Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$27,487Total unused commitments
$0Restructured Loans and leases
$107,368Derivatives

Income and Expense (December 31, 1997)

Dollar figures in thousands
$11,168Total interest income
$4,207Total interest expense
$6,961Net interest income
$90Provision for loan and lease losses
$1,545Total noninterest income
$0Fiduciary activities
$946Service charges on deposit accounts
$0Trading account gains & fees
$599Additional noninterest income
$7,399Total noninterest expense
$2,439Salaries and employee benefits
$669Premises and equipment expense
$4,291Additional noninterest expense
$1,017Pre-tax net operating income
-$1Securities gains (losses)
$371Applicable income taxes
$645Income before extraordinary items
$0Extraordinary gains - net
$645Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$350Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1997)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.26%Yield on earning assets
3.11%Cost of funding earning assets
5.15%Net interest margin
1.14%Noninterest income to earning assets
5.47%Noninterest expense to earning assets
0.38%Net operating income to assets
0.38%Return on assets (ROA)
0.60%Pretax return on assets
2.33%Return on equity (ROE)
2.33%Retained earnings to average equity (YTD only)
0.32%Net charge-offs to loans
25.71%Credit loss provision to net charge-offs
3.16%Efficiency ratio
74,724Assets per employee
2.05%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.43%Loss allowance to noncurrent loans
445.68%Noncurrent assets plus other real estate owned to assets
0.22%Noncurrent loans to loans
0.32%Net loans and leases to deposits
86.35%Net loans and leases to core deposits
93.80%Equity capital to assets
17.04%Core capital (leverage) ratio
8.66%Tier 1 risk-based capital ratio
12.07%Total risk-based capital ratio
Memoranda
$13Average assets
$168,290Average earning assets
$27,647Average equity
$135,262Average loans

Pacific One Bank, National Association in Kennewick, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Pacific One Bank, National Association - Overview

Assets and Liabilities (December 31, 1997)

Income and Expense (December 31, 1997)

Performance and Condition Ratios (December 31, 1997)

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

Pacific One Bank, National Association in Kennewick, Washington (WA)Overview, Financial Summary, Detailed Financial Reports, Branches

Pacific One Bank, National Association - Overview

Assets and Liabilities (December 31, 1997)

Income and Expense (December 31, 1997)

Performance and Condition Ratios (December 31, 1997)

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

Pacific One Bank, National Association in Kennewick, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches