Commencement Bank in Tacoma, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches


Commencement Bank - Overview

  • General
  • FDIC Certificate #: 58446
    Status: Active
    Federal Reserve ID: 3537897
    Date Established: December 11, 2006
    WWW: http://www.commencementbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 451921
    Numeric code: 13
    Regulator: FED
    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 11, 2006
    Last Structure Change Effective Date: September 02, 2008
    Last Structure Change Process Date: October 28, 2008
    Last Data Update: October 28, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 1135 Broadway Plaza, Suite 103, Tacoma, WA 98402
    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
  • Change in Primary Regulatory Agency
    Change in Supervisory Agency
    Institution Becomes a Member of FRS (Federal Reserve System)
  • Financial Summary
  • Total assets: $130.1 mil
    Equity capital: $17.5 mil
    Deposits held in domestic offices: $110.4 mil
    Return on assets (ROA): 0.48% ($0.6 mil)
    Quarterly return on assets: 0.60% ($0.8 mil)
    Return on Equity (ROE): 3.39% ($0.6 mil)
    Quarterly return on equity: 4.44% ($0.8 mil)
    Net income: $0.6 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.48% ($624.6 mil)
    Quarterly Pretax return on assets: 0.60% ($780.8 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
  • 20Total employees (full-time equivalent)
  • $130,132Total assets
  • $17,090Cash and due from depository institutions
  • $14,654Interest-bearing balances
  • $8,131Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $103,191Net loans & leases
  • $2,524Loan loss allowance
  • $0Trading account assets
  • $241Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $130,132Life insurance assets
  • $1,479All other assets
  • $112,664Total liabilities and capital
  • $110,432Total liabilities
  • $98,705Total deposits
  • $110,432Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,000Trading liabilities
  • $0Other borrowed funds
  • $232Subordinated debt
  • $17,468All other liabilities
  • $17,468Total equity capital
  • $17,468Total bank equity capital
  • $0Perpetual preferred stock
  • $2,219Common stock
  • $20,857Surplus
  • $-5,608Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,387Income earned, not collected on loans
  • $0Earning assets
  • $421Long-term assets (5+ years)
  • $125,976Average Assets, year-to-date
  • $10,473Average Assets, quarterly
  • $121,451Volatile liabilities
  • $128,836Insider loans
  • $105,605FHLB advances
  • $131,011Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $17,462Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $23,995Restructured Loans and leases
  • $5,921Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,680Total interest income
  • $1,094Total interest expense
  • $4,586Net interest income
  • $265Provision for loan and lease losses
  • $140Total noninterest income
  • $0Fiduciary activities
  • $97Service charges on deposit accounts
  • $0Trading account gains & fees
  • $43Additional noninterest income
  • $3,881Total noninterest expense
  • $2,095Salaries and employee benefits
  • $336Premises and equipment expense
  • $1,450Additional noninterest expense
  • $580Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $580Income before extraordinary items
  • $0Extraordinary gains - net
  • $580Net income attributable to bank
  • $0Net charge-offs
  • $580Cash dividends
  • $89Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.84%Yield on earning assets
  • 0.93%Cost of funding earning assets
  • 3.91%Net interest margin
  • 0.12%Noninterest income to earning assets
  • 3.31%Noninterest expense to earning assets
  • 0.48%Net operating income to assets
  • 0.48%Return on assets (ROA)
  • 0.48%Pretax return on assets
  • 3.39%Return on equity (ROE)
  • 3.39%Retained earnings to average equity (YTD only)
  • 0.09%Net charge-offs to loans
  • 297.75%Credit loss provision to net charge-offs
  • 9.49%Efficiency ratio
  • 82,120Assets per employee
  • 6.51%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.39%Loss allowance to noncurrent loans
  • 46.85%Noncurrent assets plus other real estate owned to assets
  • 4.14%Noncurrent loans to loans
  • 5.10%Net loans and leases to deposits
  • 93.44%Net loans and leases to core deposits
  • 128.90%Equity capital to assets
  • 13.42%Core capital (leverage) ratio
  • 13.33%Tier 1 risk-based capital ratio
  • 16.54%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $121,451Average earning assets
  • $17,109Average equity
  • $117,390Average loans

List of branches

  • 1 Washington Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0451921Commencement Bank1135 Broadway Plaza, Suite 103, Tacoma, WA 98402December 11, 2006Full Service Brick and Mortar

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