Pierce Commercial Bank in Tacoma, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 05, 2010

  • Pierce Commercial Bank in Tacoma, Washington (WA)
  • Show street view No street view available for this location

Pierce Commercial Bank - Overview

  • General
  • FDIC Certificate #: 34411
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: Heritage Bank (#29012)
    Federal Reserve ID: 2453132
    Date Established: December 08, 1997
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 57174
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: December 08, 1997
    Last Structure Change Effective Date: November 05, 2010
    Last Structure Change Process Date: November 08, 2010
    Last Data Update: November 08, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 1722 South Union Avenue, Tacoma, WA 98405
    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: $221.1 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, 2009)

  • Dollar figures in thousands
  • 32Total employees (full-time equivalent)
  • $262,114Total assets
  • $55,044Cash and due from depository institutions
  • $51,839Interest-bearing balances
  • $7,114Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $188,173Net loans & leases
  • $7,974Loan loss allowance
  • $0Trading account assets
  • $1,001Bank premises and fixed assets
  • $1,875Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $8,907All other assets
  • $262,114Total liabilities and capital
  • $252,873Total liabilities
  • $228,078Total deposits
  • $200,231Interest-bearing deposits
  • $228,078Deposits held in domestic offices
  • 86.40%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $17,277Other borrowed funds
  • $0Subordinated debt
  • $7,518All other liabilities
  • $9,241Total equity capital
  • $9,241Total bank equity capital
  • $9,241Perpetual preferred stock
  • $0Common stock
  • $9,071Surplus
  • $8,202Undivided profits
  • Memoranda
  • $-8,032Noncurrent loans and leases
  • $31,085Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $8,920Earning assets
  • $0Long-term assets (5+ years)
  • $754Average Assets, year-to-date
  • $247,126Average Assets, quarterly
  • $6,210Volatile liabilities
  • $268,454Insider loans
  • $260,372FHLB advances
  • $84,179Loans and leases held for sale
  • $2,172Unused loan commitments
  • $17,277Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $31,085Total unused commitments
  • $350Restructured Loans and leases
  • $2,453Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $13,630Total interest income
  • $5,162Total interest expense
  • $8,468Net interest income
  • $12,591Provision for loan and lease losses
  • $8,331Total noninterest income
  • $0Fiduciary activities
  • $221Service charges on deposit accounts
  • $0Trading account gains & fees
  • $8,110Additional noninterest income
  • $29,238Total noninterest expense
  • $7,627Salaries and employee benefits
  • $1,051Premises and equipment expense
  • $20,560Additional noninterest expense
  • -$25,030Pre-tax net operating income
  • $92Securities gains (losses)
  • -$5,226Applicable income taxes
  • -$19,712Income before extraordinary items
  • $0Extraordinary gains - net
  • -$19,712Net income attributable to bank
  • $0Net charge-offs
  • -$19,712Cash dividends
  • $7,666Sale, conversion, retirement of capital stock, net
  • $300Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.32%Yield on earning assets
  • 2.01%Cost of funding earning assets
  • 3.30%Net interest margin
  • 3.25%Noninterest income to earning assets
  • 11.40%Noninterest expense to earning assets
  • -7.37%Net operating income to assets
  • -7.34%Return on assets (ROA)
  • -9.29%Pretax return on assets
  • -92.03%Return on equity (ROE)
  • -93.43%Retained earnings to average equity (YTD only)
  • 3.46%Net charge-offs to loans
  • 164.24%Credit loss provision to net charge-offs
  • -1.62%Efficiency ratio
  • 174,046Assets per employee
  • 8.19%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -1.52%Loss allowance to loans
  • 4.07%Loss allowance to noncurrent loans
  • 89.39%Noncurrent assets plus other real estate owned to assets
  • 4.12%Noncurrent loans to loans
  • 4.55%Net loans and leases to deposits
  • 82.50%Net loans and leases to core deposits
  • 130.77%Equity capital to assets
  • 3.53%Core capital (leverage) ratio
  • 2.38%Tier 1 risk-based capital ratio
  • 3.48%Total risk-based capital ratio
  • Memoranda
  • $5Average assets
  • $268,454Average earning assets
  • $21,419Average equity
  • $256,404Average loans

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