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

This bank is inactive as of Febuary 26, 2010

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

  • General
  • FDIC Certificate #: 38129
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Umpqua Bank (#17266)
    Federal Reserve ID: 129394
    Date Established: October 05, 1933
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 14 (Interstate: No)
    FDIC's unique #: 102524
    Numeric code: 42
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 2001
    Last Structure Change Effective Date: Febuary 26, 2010
    Last Structure Change Process Date: March 02, 2010
    Last Data Update: March 02, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 1498 Pacific Avenue, Tacoma, WA 98402
    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)
  • History of Changes
  • Absorption - Assisted
    Corrections
  • Financial Summary
  • Total assets: $717.8 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
  • 191Total employees (full-time equivalent)
  • $717,806Total assets
  • $44,660Cash and due from depository institutions
  • $36,732Interest-bearing balances
  • $43,583Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $553,953Net loans & leases
  • $10,187Loan loss allowance
  • $0Trading account assets
  • $30,276Bank premises and fixed assets
  • $14,247Other real estate owned
  • $2,782Goodwill and other intangibles
  • $0Life insurance assets
  • $28,305All other assets
  • $717,806Total liabilities and capital
  • $728,891Total liabilities
  • $446,192Total deposits
  • $399,927Interest-bearing deposits
  • $446,192Deposits held in domestic offices
  • 92.73%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $279,337Other borrowed funds
  • $0Subordinated debt
  • $3,362All other liabilities
  • $-11,085Total equity capital
  • $-11,085Total bank equity capital
  • $-11,085Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $46,557Undivided profits
  • Memoranda
  • $-57,643Noncurrent loans and leases
  • $46,210Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $17,771Earning assets
  • $0Long-term assets (5+ years)
  • $2,767Average Assets, year-to-date
  • $634,268Average Assets, quarterly
  • $129,590Volatile liabilities
  • $801,349Insider loans
  • $740,705FHLB advances
  • $99,046Loans and leases held for sale
  • $13,589Unused loan commitments
  • $279,337Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $46,210Total unused commitments
  • $0Restructured Loans and leases
  • $10,050Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $41,301Total interest income
  • $20,537Total interest expense
  • $20,764Net interest income
  • $14,700Provision for loan and lease losses
  • $10,641Total noninterest income
  • $0Fiduciary activities
  • $2,573Service charges on deposit accounts
  • $0Trading account gains & fees
  • $8,068Additional noninterest income
  • $28,207Total noninterest expense
  • $14,034Salaries and employee benefits
  • $4,247Premises and equipment expense
  • $9,926Additional noninterest expense
  • -$11,502Pre-tax net operating income
  • -$43,514Securities gains (losses)
  • $13,953Applicable income taxes
  • -$68,969Income before extraordinary items
  • $0Extraordinary gains - net
  • -$68,969Net income attributable to bank
  • $0Net charge-offs
  • -$68,969Cash dividends
  • $17,842Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.88%Yield on earning assets
  • 2.92%Cost of funding earning assets
  • 2.96%Net interest margin
  • 1.51%Noninterest income to earning assets
  • 4.02%Noninterest expense to earning assets
  • -3.18%Net operating income to assets
  • -8.61%Return on assets (ROA)
  • -6.87%Pretax return on assets
  • -318.16%Return on equity (ROE)
  • -318.16%Retained earnings to average equity (YTD only)
  • 2.90%Net charge-offs to loans
  • 82.39%Credit loss provision to net charge-offs
  • 0.18%Efficiency ratio
  • 88,725Assets per employee
  • 3.76%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.81%Loss allowance to noncurrent loans
  • 57.32%Noncurrent assets plus other real estate owned to assets
  • 6.05%Noncurrent loans to loans
  • 3.15%Net loans and leases to deposits
  • 124.15%Net loans and leases to core deposits
  • 159.57%Equity capital to assets
  • -1.54%Core capital (leverage) ratio
  • 1.69%Tier 1 risk-based capital ratio
  • 1.55%Total risk-based capital ratio
  • Memoranda
  • $3Average assets
  • $801,349Average earning assets
  • $21,677Average equity
  • $702,382Average loans

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