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

This bank is inactive as of November 20, 1998

  • North Pacific Bank in Tacoma, Washington (WA)
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North Pacific Bank - Overview

  • General
  • FDIC Certificate #: 518
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Heritage Bank (#29012)
    Federal Reserve ID: 915270
    Date Established: June 01, 1906
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    OTS Docket #: 9400
    FDIC's unique #: 372
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: November 20, 1998
    Last Structure Change Process Date: Febuary 11, 1999
    Last Data Update: Febuary 11, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 5448 South Tacoma Way, Tacoma, WA 98409
    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)
  • Financial Summary
  • Total assets: $86.1 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
  • 50Total employees (full-time equivalent)
  • $74,457Total assets
  • $6,874Cash and due from depository institutions
  • $2,615Interest-bearing balances
  • $17,572Securities
  • $4,500Federal funds sold & reverse repurchase agreements
  • $42,167Net loans & leases
  • $614Loan loss allowance
  • $0Trading account assets
  • $1,983Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,361All other assets
  • $74,457Total liabilities and capital
  • $66,721Total liabilities
  • $64,345Total deposits
  • $49,840Interest-bearing deposits
  • $64,345Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $574Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $736Other borrowed funds
  • $500Subordinated debt
  • $566All other liabilities
  • $7,736Total equity capital
  • $7,736Total bank equity capital
  • $7,736Perpetual preferred stock
  • $0Common stock
  • $800Surplus
  • $2,700Undivided profits
  • Memoranda
  • $4,236Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $455Earning assets
  • $0Long-term assets (5+ years)
  • $290Average Assets, year-to-date
  • $66,854Average Assets, quarterly
  • $9,437Volatile liabilities
  • $70,524Insider loans
  • $72,529FHLB advances
  • $3,552Loans and leases held for sale
  • $106Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $8,957Total unused commitments
  • $0Restructured Loans and leases
  • $50,824Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $5,800Total interest income
  • $1,838Total interest expense
  • $3,962Net interest income
  • $90Provision for loan and lease losses
  • $1,149Total noninterest income
  • $0Fiduciary activities
  • $261Service charges on deposit accounts
  • $0Trading account gains & fees
  • $888Additional noninterest income
  • $3,654Total noninterest expense
  • $2,167Salaries and employee benefits
  • $539Premises and equipment expense
  • $948Additional noninterest expense
  • $1,367Pre-tax net operating income
  • $0Securities gains (losses)
  • $415Applicable income taxes
  • $952Income before extraordinary items
  • $0Extraordinary gains - net
  • $952Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $17Sale, conversion, retirement of capital stock, net
  • $800Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 9.20%Yield on earning assets
  • 2.92%Cost of funding earning assets
  • 6.29%Net interest margin
  • 1.82%Noninterest income to earning assets
  • 5.80%Noninterest expense to earning assets
  • 1.35%Net operating income to assets
  • 1.35%Return on assets (ROA)
  • 1.94%Pretax return on assets
  • 12.21%Return on equity (ROE)
  • 1.95%Retained earnings to average equity (YTD only)
  • 0.04%Net charge-offs to loans
  • 529.41%Credit loss provision to net charge-offs
  • 85.71%Efficiency ratio
  • 71,493Assets per employee
  • 1.49%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 84.03%Loss allowance to loans
  • 1.44%Loss allowance to noncurrent loans
  • 134.95%Noncurrent assets plus other real estate owned to assets
  • 0.61%Noncurrent loans to loans
  • 1.06%Net loans and leases to deposits
  • 65.53%Net loans and leases to core deposits
  • 68.71%Equity capital to assets
  • 10.39%Core capital (leverage) ratio
  • 10.63%Tier 1 risk-based capital ratio
  • 15.16%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $70,524Average earning assets
  • $7,799Average equity
  • $63,022Average loans

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