Fife Commercial Bank in Fife, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Fife Commercial Bank in Fife, Washington (WA)
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Fife Commercial Bank - Overview

  • General
  • 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
    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
  • NoIDNameAddressEstablishedService TypeMap
    061638Fife Commercial Bank5209 Pacific Highway East, Fife, WA 98424July 15, 1998Full Service Brick and Mortar

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