Thurston First Bank
Olympia, WA — Domestic Branch of a Domestic Bank
Acquired Nov 2016
Vitals
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Total Assets133.3M 0.3 %
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Total Deposits113.0M -2.1 %
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Total Net Loans75.4M 12.6 %
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Net Income706000.0000 73.0 %
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Book Value13.0M 7.4 %
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Book Value x226.1M 7.4 %
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Book Value x339.1M 7.4 %
Balance Sheet Highlights
Financial Highlights | Thurston First Bank | All Insured Commercial Banks in Washington |
Balance Sheet $(000) | ||
Total Assets | 133,304 | 1,042,984 |
Total Net Loans | 75,383 | 711,392 |
Total Deposits | 112,973 | 865,866 |
Total Equity | 13,033 | 118,132 |
Profitability | ||
Net Income | 706 | 7,757 |
Return on Average Assets | .7 | .873 |
Return on Average Equity | 7.451 | 7.851 |
Net Interest Margin | 3.125 | 3.816 |
Efficiency Ratio | 67.502 | 70.878 |
Noninterest Income/Revenue | 4.065 | 18.544 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 66.727 | 78.844 |
Securities/Assets | .042 | .154 |
Total Equity/Total Assets | .098 | .113 |
Tangible Equity/Tangible Assets | .098 | .101 |
Capital Adequacy | ||
Tier 1 Common Capital | 12,994 | 100,137 |
Tier 1 Capital | 12,994 | 100,137 |
Tier 2 Capital | 760 | 8,426 |
Total Capital | 13,754 | 108,563 |
Total Risk Weighted Assets | 60,309 | 799,499 |
Leverage Ratio | 9.59 | 10.402 |
Common Equity Tier 1 Capital Ratio | 21.55 | 14.275 |
Tier 1 Capital Ratio | 21.55 | 14.275 |
Total Capital Ratio | 22.81 | 15.434 |
Timeline for Thurston First Bank
Commencement Bank
Thurston First Bank was acquired by Commencement Bank 7 years
View Profile Nov 01 2016Thurston First Bank
Thurston First Bank was established 19 years ago and is currently headquartered in Olympia, WA.
Oct 29 2004Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Commencement Bank | Buyer | 206,579 | Acquisition | Discontinued | 11/1/2016 |
Relationships | Role | Relationship Start | Relationship End |
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