FDIC Certificate #: 22680 Status: Inactive Closing history: Absorption - Without Assistance Acquiring institution:One PacificCoast Bank, FSB (#58490) Federal Reserve ID: 2045694 Date Established: July 12, 1978 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 15831 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: July 12, 1978 Last Structure Change Effective Date: December 31, 2010 Last Structure Change Process Date: January 07, 2011 Last Data Update: January 07, 2011 Data Source Date: April 05, 2012
Location
Address: 203 Howerton Way, Southeast, Ilwaco, WA 98624 County: Pacific Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: Chicago FDIC Field Office: Portland Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: West
Financial Summary
Total assets: $180.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
34Total employees (full-time equivalent)
$206,330Total assets
$7,203Cash and due from depository institutions
$6,769Interest-bearing balances
$80,555Securities
$0Federal funds sold & reverse repurchase agreements
$109,314Net loans & leases
$1,822Loan loss allowance
$0Trading account assets
$2,182Bank premises and fixed assets
$998Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$6,078All other assets
$206,330Total liabilities and capital
$190,931Total liabilities
$166,266Total deposits
$160,025Interest-bearing deposits
$166,266Deposits held in domestic offices
69.10%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$23,635Other borrowed funds
$0Subordinated debt
$1,030All other liabilities
$15,399Total equity capital
$15,399Total bank equity capital
$15,399Perpetual preferred stock
$0Common stock
$12Surplus
$15,962Undivided profits
Memoranda
$-575Noncurrent loans and leases
$14,500Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$10,251Earning assets
$0Long-term assets (5+ years)
$1,486Average Assets, year-to-date
$196,638Average Assets, quarterly
$57,836Volatile liabilities
$220,014Insider loans
$218,442FHLB advances
$46,762Loans and leases held for sale
$891Unused loan commitments
$23,635Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$14,500Total unused commitments
$5,929Restructured Loans and leases
$1,731Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$10,740Total interest income
$3,670Total interest expense
$7,070Net interest income
$3,830Provision for loan and lease losses
$194Total noninterest income
$0Fiduciary activities
$128Service charges on deposit accounts
$0Trading account gains & fees
$66Additional noninterest income
$4,925Total noninterest expense
$2,676Salaries and employee benefits
$610Premises and equipment expense
$1,639Additional noninterest expense
-$1,491Pre-tax net operating income
$1,147Securities gains (losses)
-$367Applicable income taxes
$23Income before extraordinary items
$0Extraordinary gains - net
$23Net income attributable to bank
$0Net charge-offs
$23Cash dividends
$3,371Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.16%Yield on earning assets
1.76%Cost of funding earning assets
3.40%Net interest margin
0.09%Noninterest income to earning assets
2.37%Noninterest expense to earning assets
-0.32%Net operating income to assets
0.01%Return on assets (ROA)
-0.16%Pretax return on assets
0.14%Return on equity (ROE)
0.14%Retained earnings to average equity (YTD only)
3.02%Net charge-offs to loans
113.62%Credit loss provision to net charge-offs
0.69%Efficiency ratio
67,800Assets per employee
6.07%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.64%Loss allowance to noncurrent loans
17.77%Noncurrent assets plus other real estate owned to assets
5.45%Noncurrent loans to loans
9.22%Net loans and leases to deposits
65.75%Net loans and leases to core deposits
91.47%Equity capital to assets
7.46%Core capital (leverage) ratio
7.95%Tier 1 risk-based capital ratio
12.39%Total risk-based capital ratio
Memoranda
$14Average assets
$220,014Average earning assets
$16,484Average equity
$208,092Average loans
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 ShoreBank, Pacific.
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: