The Commerce Bank of Washington, National Association in Seattle, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • The Commerce Bank of Washington, National Association in Seattle, Washington (WA)
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The Commerce Bank of Washington, National Association - Overview

  • General
  • FDIC Certificate #: 27298
    Status: Active
    Federal Reserve ID: 1198641
    Bank Holding Company (Regulatory Top Holder): Zions Bancorporation (RSSDID: 1027004, Location: Salt Lake City, UT)
    Date Established: July 01, 1988
    WWW: http://www.tcbwa.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 39445
    Numeric code: 3
    Regulator: OCC
    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: Yes
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: July 01, 1988
    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: 601 Union Street, Suite 3600, Seattle, WA 98101
    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: $873.5 mil
    Equity capital: $90.1 mil
    Deposits held in domestic offices: $693.3 mil
    Return on assets (ROA): 0.30% ($2.6 mil)
    Quarterly return on assets: -0.55% (-$4.8 mil)
    Return on Equity (ROE): 3.05% ($2.7 mil)
    Quarterly return on equity: -5.54% (-$5.0 mil)
    Net income: $2.7 mil
    Quarterly Net income: -$1.2 mil
    Pretax return on assets: 0.43% ($3,756.2 mil)
    Quarterly Pretax return on assets: -0.87% (-$7,599.7 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
  • 59Total employees (full-time equivalent)
  • $873,524Total assets
  • $147,596Cash and due from depository institutions
  • $124,761Interest-bearing balances
  • $125,935Securities
  • $23,479Federal funds sold & reverse repurchase agreements
  • $547,607Net loans & leases
  • $13,981Loan loss allowance
  • $2,210Trading account assets
  • $248Bank premises and fixed assets
  • $2,353Other real estate owned
  • $0Goodwill and other intangibles
  • $873,524Life insurance assets
  • $24,096All other assets
  • $783,391Total liabilities and capital
  • $693,285Total liabilities
  • $390,870Total deposits
  • $693,285Interest-bearing deposits
  • $70Deposits held in domestic offices
  • 79863.00%% insured (estimated)
  • $2,269Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $7,974Subordinated debt
  • $90,133All other liabilities
  • $90,133Total equity capital
  • $90,133Total bank equity capital
  • $15,000Perpetual preferred stock
  • $4,438Common stock
  • $10,605Surplus
  • $60,090Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $9,598Income earned, not collected on loans
  • $0Earning assets
  • $2,921Long-term assets (5+ years)
  • $821,782Average Assets, year-to-date
  • $26,687Average Assets, quarterly
  • $872,579Volatile liabilities
  • $906,261Insider loans
  • $681,434FHLB advances
  • $920,232Loans and leases held for sale
  • $6,838Unused loan commitments
  • $6,838Tier 1 (core) risk-based capital
  • $92,904Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $288,829Restructured Loans and leases
  • $5,040Derivatives
  • $224Total assets and liabilities in foreign offices

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $30,686Total interest income
  • $891Total interest expense
  • $29,795Net interest income
  • $7,828Provision for loan and lease losses
  • $3,219Total noninterest income
  • $0Fiduciary activities
  • $1,284Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,935Additional noninterest income
  • $16,572Total noninterest expense
  • $8,776Salaries and employee benefits
  • $1,154Premises and equipment expense
  • $6,642Additional noninterest expense
  • $8,614Pre-tax net operating income
  • -$4,826Securities gains (losses)
  • $1,129Applicable income taxes
  • $2,659Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,659Net income attributable to bank
  • $0Net charge-offs
  • $2,659Cash dividends
  • $9,019Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.70%Yield on earning assets
  • 0.11%Cost of funding earning assets
  • 3.59%Net interest margin
  • 0.39%Noninterest income to earning assets
  • 2.00%Noninterest expense to earning assets
  • 0.69%Net operating income to assets
  • 0.30%Return on assets (ROA)
  • 0.43%Pretax return on assets
  • 3.05%Return on equity (ROE)
  • 3.05%Retained earnings to average equity (YTD only)
  • 1.56%Net charge-offs to loans
  • 86.79%Credit loss provision to net charge-offs
  • 1.82%Efficiency ratio
  • 50,197Assets per employee
  • 14.81%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.49%Loss allowance to noncurrent loans
  • 145.67%Noncurrent assets plus other real estate owned to assets
  • 1.37%Noncurrent loans to loans
  • 1.71%Net loans and leases to deposits
  • 78.99%Net loans and leases to core deposits
  • 82.08%Equity capital to assets
  • 10.32%Core capital (leverage) ratio
  • 10.10%Tier 1 risk-based capital ratio
  • 13.63%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $872,579Average earning assets
  • $87,242Average equity
  • $829,113Average loans

List of branches

  • 1 Washington Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    039445The Commerce Bank Of Washington, National Association601 Union Street, Suite 3600, Seattle, WA 98101July 01, 1988Full Service Brick and Mortar

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