Pacific International Bank in Seattle, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches


Pacific International Bank - Overview

  • General
  • FDIC Certificate #: 57246
    Status: Active
    Federal Reserve ID: 3071083
    Bank Holding Company (Regulatory Top Holder): Pacific International Bancorp, Inc. (RSSDID: 3272938, Location: Seattle, WA)
    Date Established: November 15, 2001
    WWW: http://www.pibank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 359971
    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: November 15, 2001
    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: 1155 North 130th Street, Seattle, WA 98133
    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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $229.6 mil
    Equity capital: $28.7 mil
    Deposits held in domestic offices: $179.9 mil
    Return on assets (ROA): -1.39% (-$3.2 mil)
    Quarterly return on assets: -6.61% (-$15.2 mil)
    Return on Equity (ROE): -11.64% (-$3.4 mil)
    Quarterly return on equity: -51.58% (-$15.0 mil)
    Net income: -$3.7 mil
    Quarterly Net income: -$4.0 mil
    Pretax return on assets: -1.14% (-$2,617.2 mil)
    Quarterly Pretax return on assets: -6.09% (-$13,981.2 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
  • 53Total employees (full-time equivalent)
  • $229,576Total assets
  • $31,846Cash and due from depository institutions
  • $29,094Interest-bearing balances
  • $10,474Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $178,849Net loans & leases
  • $5,608Loan loss allowance
  • $0Trading account assets
  • $390Bank premises and fixed assets
  • $2,062Other real estate owned
  • $1,380Goodwill and other intangibles
  • $229,576Life insurance assets
  • $4,575All other assets
  • $200,914Total liabilities and capital
  • $179,922Total liabilities
  • $152,337Total deposits
  • $179,922Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $19,500Trading liabilities
  • $0Other borrowed funds
  • $1,492Subordinated debt
  • $28,662All other liabilities
  • $28,662Total equity capital
  • $28,662Total bank equity capital
  • $0Perpetual preferred stock
  • $16,503Common stock
  • $10,500Surplus
  • $1,659Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $24,418Income earned, not collected on loans
  • $2,079Earning assets
  • $556Long-term assets (5+ years)
  • $218,417Average Assets, year-to-date
  • $13,494Average Assets, quarterly
  • $263,930Volatile liabilities
  • $239,282Insider loans
  • $193,507FHLB advances
  • $240,818Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $28,375Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,892Restructured Loans and leases
  • $2,811Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,901Total interest income
  • $3,415Total interest expense
  • $8,486Net interest income
  • $8,477Provision for loan and lease losses
  • $5,407Total noninterest income
  • $0Fiduciary activities
  • $383Service charges on deposit accounts
  • $0Trading account gains & fees
  • $5,024Additional noninterest income
  • $8,395Total noninterest expense
  • $3,574Salaries and employee benefits
  • $644Premises and equipment expense
  • $4,177Additional noninterest expense
  • -$2,979Pre-tax net operating income
  • -$31Securities gains (losses)
  • $646Applicable income taxes
  • -$3,656Income before extraordinary items
  • $0Extraordinary gains - net
  • -$3,656Net income attributable to bank
  • $0Net charge-offs
  • -$3,656Cash dividends
  • $10,840Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.73%Yield on earning assets
  • 1.36%Cost of funding earning assets
  • 3.37%Net interest margin
  • 2.15%Noninterest income to earning assets
  • 3.33%Noninterest expense to earning assets
  • -1.37%Net operating income to assets
  • -1.39%Return on assets (ROA)
  • -1.14%Pretax return on assets
  • -11.64%Return on equity (ROE)
  • -11.64%Retained earnings to average equity (YTD only)
  • 5.18%Net charge-offs to loans
  • 78.20%Credit loss provision to net charge-offs
  • 0.51%Efficiency ratio
  • 60,426Assets per employee
  • 4.33%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.04%Loss allowance to noncurrent loans
  • 22.97%Noncurrent assets plus other real estate owned to assets
  • 11.53%Noncurrent loans to loans
  • 13.24%Net loans and leases to deposits
  • 99.40%Net loans and leases to core deposits
  • 117.60%Equity capital to assets
  • 12.48%Core capital (leverage) ratio
  • 11.78%Tier 1 risk-based capital ratio
  • 14.66%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $263,930Average earning assets
  • $31,396Average equity
  • $251,767Average loans

List of branches

  • 5 Washington Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0359971Pacific International Bank1155 North 130th Street, Seattle, WA 98133November 15, 2001Full Service Brick and Mortar
    1431174Lakewood Branch8608 South Tacoma Way, Lakewood, WA 98499December 08, 2003Full Service Brick and Mortar
    2434095Lynnwood Branch17424 Highway 99, Suite 201, Lynnwood, WA 98037January 24, 2005Full Service Brick and Mortar
    3453174Federal Way Branch31827-B Pacific Hwy South, Federal Way, WA 98003Febuary 10, 2006Full Service Brick and Mortar
    5493152Lynnwood H-Mart Branch3301 184th St Sw #125, Lynnwood, WA 98037December 04, 2008Full Service Brick and Mortar

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