Pacific Crest Savings Bank in Lynnwood, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Pacific Crest Savings Bank in Lynnwood, Washington (WA)
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Pacific Crest Savings Bank - Overview

  • General
  • FDIC Certificate #: 34585
    Status: Active
    Federal Reserve ID: 2643595
    Date Established: January 02, 1998
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 60748
    Numeric code: 41
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: 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: January 02, 1998
    Last Structure Change Effective Date: November 06, 2009
    Last Structure Change Process Date: November 06, 2009
    Last Data Update: November 06, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 3500 188th Street, S.W., Suite 575, Lynnwood, WA 98037
    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)
  • Financial Summary
  • Total assets: $157.2 mil
    Equity capital: $14.9 mil
    Deposits held in domestic offices: $119.5 mil
    Return on assets (ROA): 0.14% ($0.2 mil)
    Quarterly return on assets: 0.43% ($0.7 mil)
    Return on Equity (ROE): 1.51% ($0.2 mil)
    Quarterly return on equity: 4.64% ($0.7 mil)
    Net income: $0.2 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.14% ($220.0 mil)
    Quarterly Pretax return on assets: 0.43% ($675.9 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
  • 16Total employees (full-time equivalent)
  • $157,176Total assets
  • $21,898Cash and due from depository institutions
  • $20,703Interest-bearing balances
  • $14,742Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $116,292Net loans & leases
  • $1,703Loan loss allowance
  • $0Trading account assets
  • $106Bank premises and fixed assets
  • $1,299Other real estate owned
  • $0Goodwill and other intangibles
  • $157,176Life insurance assets
  • $2,839All other assets
  • $142,316Total liabilities and capital
  • $119,487Total liabilities
  • $118,966Total deposits
  • $119,487Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $22,000Trading liabilities
  • $0Other borrowed funds
  • $829Subordinated debt
  • $14,860All other liabilities
  • $14,860Total equity capital
  • $14,860Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $8,503Surplus
  • $6,357Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,298Income earned, not collected on loans
  • $0Earning assets
  • $654Long-term assets (5+ years)
  • $151,737Average Assets, year-to-date
  • $22,974Average Assets, quarterly
  • $157,741Volatile liabilities
  • $158,223Insider loans
  • $97,385FHLB advances
  • $157,619Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $14,405Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,775Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,678Total interest income
  • $2,337Total interest expense
  • $5,341Net interest income
  • $2,060Provision for loan and lease losses
  • -$9Total noninterest income
  • $0Fiduciary activities
  • $7Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$16Additional noninterest income
  • $3,206Total noninterest expense
  • $1,615Salaries and employee benefits
  • $350Premises and equipment expense
  • $1,241Additional noninterest expense
  • $66Pre-tax net operating income
  • $153Securities gains (losses)
  • $0Applicable income taxes
  • $219Income before extraordinary items
  • $0Extraordinary gains - net
  • $219Net income attributable to bank
  • $0Net charge-offs
  • $219Cash dividends
  • $2,369Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.04%Yield on earning assets
  • 1.53%Cost of funding earning assets
  • 3.51%Net interest margin
  • -0.01%Noninterest income to earning assets
  • 2.11%Noninterest expense to earning assets
  • 0.04%Net operating income to assets
  • 0.14%Return on assets (ROA)
  • 0.14%Pretax return on assets
  • 1.51%Return on equity (ROE)
  • 1.51%Retained earnings to average equity (YTD only)
  • 1.93%Net charge-offs to loans
  • 86.96%Credit loss provision to net charge-offs
  • 0.90%Efficiency ratio
  • 60,128Assets per employee
  • 9.82%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.44%Loss allowance to noncurrent loans
  • 39.62%Noncurrent assets plus other real estate owned to assets
  • 3.56%Noncurrent loans to loans
  • 3.64%Net loans and leases to deposits
  • 97.33%Net loans and leases to core deposits
  • 102.22%Equity capital to assets
  • 9.45%Core capital (leverage) ratio
  • 9.14%Tier 1 risk-based capital ratio
  • 14.79%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $157,741Average earning assets
  • $14,492Average equity
  • $152,255Average loans

List of branches

  • 1 Washington Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    060748Pacific Crest Savings Bank3500 188th Street, S.W., Suite 575, Lynnwood, WA 98037January 02, 1998Full Service Brick and Mortar

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