Mountain Pacific Bank in Everett, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Mountain Pacific Bank in Everett, Washington (WA)
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Mountain Pacific Bank - Overview

  • General
  • FDIC Certificate #: 58341
    Status: Active
    Federal Reserve ID: 3459207
    Date Established: July 24, 2006
    WWW: http://www.mountainpacificbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 446332
    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: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: July 24, 2006
    Last Structure Change Effective Date: August 14, 2006
    Last Structure Change Process Date: August 14, 2006
    Last Data Update: August 14, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 3732 Broadway, Everett, WA 98201
    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)
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $117.8 mil
    Equity capital: $16.6 mil
    Deposits held in domestic offices: $91.6 mil
    Return on assets (ROA): -0.69% (-$0.8 mil)
    Quarterly return on assets: -0.25% (-$0.3 mil)
    Return on Equity (ROE): -5.43% (-$0.9 mil)
    Quarterly return on equity: -1.92% (-$0.3 mil)
    Net income: -$0.7 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: -0.69% (-$812.5 mil)
    Quarterly Pretax return on assets: -0.25% (-$294.4 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
  • 26Total employees (full-time equivalent)
  • $117,753Total assets
  • $22,262Cash and due from depository institutions
  • $17,002Interest-bearing balances
  • $17,163Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $68,342Net loans & leases
  • $2,072Loan loss allowance
  • $0Trading account assets
  • $1,084Bank premises and fixed assets
  • $7,262Other real estate owned
  • $0Goodwill and other intangibles
  • $117,753Life insurance assets
  • $1,640All other assets
  • $101,128Total liabilities and capital
  • $91,623Total liabilities
  • $79,425Total deposits
  • $91,623Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $8,600Trading liabilities
  • $0Other borrowed funds
  • $905Subordinated debt
  • $16,625All other liabilities
  • $16,625Total equity capital
  • $16,625Total bank equity capital
  • $0Perpetual preferred stock
  • $5,357Common stock
  • $24,789Surplus
  • $-13,521Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,772Income earned, not collected on loans
  • $0Earning assets
  • $281Long-term assets (5+ years)
  • $102,507Average Assets, year-to-date
  • $32,949Average Assets, quarterly
  • $105,374Volatile liabilities
  • $112,757Insider loans
  • $81,044FHLB advances
  • $109,590Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $16,517Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,768Restructured Loans and leases
  • $4,729Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,100Total interest income
  • $1,196Total interest expense
  • $2,904Net interest income
  • $0Provision for loan and lease losses
  • $615Total noninterest income
  • $0Fiduciary activities
  • $73Service charges on deposit accounts
  • $0Trading account gains & fees
  • $542Additional noninterest income
  • $4,249Total noninterest expense
  • $1,820Salaries and employee benefits
  • $762Premises and equipment expense
  • $1,667Additional noninterest expense
  • -$730Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$730Income before extraordinary items
  • $0Extraordinary gains - net
  • -$730Net income attributable to bank
  • $0Net charge-offs
  • -$730Cash dividends
  • $587Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.66%Yield on earning assets
  • 1.36%Cost of funding earning assets
  • 3.30%Net interest margin
  • 0.70%Noninterest income to earning assets
  • 4.83%Noninterest expense to earning assets
  • -0.69%Net operating income to assets
  • -0.69%Return on assets (ROA)
  • -0.69%Pretax return on assets
  • -5.43%Return on equity (ROE)
  • -5.43%Retained earnings to average equity (YTD only)
  • 0.89%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • -1.24%Efficiency ratio
  • 120,745Assets per employee
  • 4.53%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.94%Loss allowance to noncurrent loans
  • 35.90%Noncurrent assets plus other real estate owned to assets
  • 11.07%Noncurrent loans to loans
  • 8.20%Net loans and leases to deposits
  • 74.59%Net loans and leases to core deposits
  • 75.23%Equity capital to assets
  • 14.12%Core capital (leverage) ratio
  • 15.07%Tier 1 risk-based capital ratio
  • 20.38%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $105,374Average earning assets
  • $13,448Average equity
  • $88,002Average loans

List of branches

  • 2 Washington Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0446332Mountain Pacific Bank3732 Broadway, Everett, WA 98201July 24, 2006Full Service Brick and Mortar
    1493076Lynnwood Branch19705 Highway 99, Lynnwood, WA 98036May 05, 2008Full Service Brick and Mortar

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