Pacific First Bank, A FSB in Seattle, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 12, 1993

  • Pacific First Bank, A FSB in Seattle, Washington (WA)
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Pacific First Bank, A FSB - Overview

  • General
  • FDIC Certificate #: 28891
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Washington Mutual, A FSB (#28089)
    Federal Reserve ID: 26970
    Date Established: January 01, 1933
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 2570
    FDIC's unique #: 41725
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: November 07, 1934
    Last Structure Change Effective Date: April 12, 1993
    Last Structure Change Process Date: October 14, 1993
    Last Data Update: March 25, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 1420 Fifth Avenue, Seattle, WA 98111
    County: King
    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
  • Merger - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $5,862.1 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $2,179Total assets
  • $6,110,657Cash and due from depository institutions
  • $105,047Interest-bearing balances
  • $5,578Securities
  • $731,539Federal funds sold & reverse repurchase agreements
  • $10,000Net loans & leases
  • $4,601,325Loan loss allowance
  • $100,403Trading account assets
  • $0Bank premises and fixed assets
  • $75,109Other real estate owned
  • $211,419Goodwill and other intangibles
  • $208,154Life insurance assets
  • $168,064All other assets
  • $0Total liabilities and capital
  • $6,110,657Total liabilities
  • $5,457,871Total deposits
  • $4,024,248Interest-bearing deposits
  • $3,877,824Deposits held in domestic offices
  • 4024248.00%% insured (estimated)
  • $95Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,283,580Subordinated debt
  • $106,355All other liabilities
  • $43,688Total equity capital
  • $43,688Total bank equity capital
  • $652,786Perpetual preferred stock
  • $0Common stock
  • $7,480Surplus
  • $605,491Undivided profits
  • Memoranda
  • $39,815Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $168,195Income earned, not collected on loans
  • $27,517Earning assets
  • $5,348,442Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $6,793,565Average Assets, quarterly
  • $6,310,893Volatile liabilities
  • $1,593,775Insider loans
  • $0FHLB advances
  • $1,199,382Loans and leases held for sale
  • $0Unused loan commitments
  • $216,606Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $557,512Total risk weighted assets
  • $4,472,418Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $528,660Total interest expense
  • $355,509Net interest income
  • $173,151Provision for loan and lease losses
  • $53,345Total noninterest income
  • $41,982Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $41,982Total noninterest expense
  • $239,974Salaries and employee benefits
  • $76,511Premises and equipment expense
  • $32,677Additional noninterest expense
  • $130,786Pre-tax net operating income
  • -$78,186Securities gains (losses)
  • $21,862Applicable income taxes
  • -$6,402Income before extraordinary items
  • -$49,922Extraordinary gains - net
  • $17,521Net income attributable to bank
  • -$32,401Net charge-offs
  • $38,523Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $42,926Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.88%Cost of funding earning assets
  • 5.97%Net interest margin
  • 2.91%Noninterest income to earning assets
  • 0.71%Noninterest expense to earning assets
  • 4.03%Net operating income to assets
  • -1.02%Return on assets (ROA)
  • -0.48%Pretax return on assets
  • -0.57%Return on equity (ROE)
  • -4.81%Retained earnings to average equity (YTD only)
  • -4.81%Net charge-offs to loans
  • 0.73%Credit loss provision to net charge-offs
  • 138.48%Efficiency ratio
  • 87,369Assets per employee
  • 2.80%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.14%Loss allowance to noncurrent loans
  • 59.69%Noncurrent assets plus other real estate owned to assets
  • 5.60%Noncurrent loans to loans
  • 3.58%Net loans and leases to deposits
  • 114.34%Net loans and leases to core deposits
  • 123.89%Equity capital to assets
  • 10.68%Core capital (leverage) ratio
  • 9.28%Tier 1 risk-based capital ratio
  • 12.47%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $6,793,565Average earning assets
  • $673,571Average equity
  • $5,953,716Average loans

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