Pierce Commercial Bank
Tacoma, WA — State Member Bank
Acquired Nov 2010
Vitals
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Total Assets221.1M -14.5 %
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Total Deposits193.5M -18.0 %
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Total Net Loans163.0M -16.9 %
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Net Income-8260000.0000
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Book Value4.5M -72.6 %
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Book Value x29.1M -72.6 %
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Book Value x313.6M -72.6 %
Balance Sheet Highlights
Financial Highlights | Pierce Commercial Bank | All Insured Commercial Banks in Washington |
Balance Sheet $(000) | ||
Total Assets | 221,082 | 411,145 |
Total Net Loans | 162,968 | 271,917 |
Total Deposits | 193,473 | 349,746 |
Total Equity | 4,532 | 37,577 |
Profitability | ||
Net Income | -8,260 | -1,303 |
Return on Average Assets | -4.522 | -.732 |
Return on Average Equity | -147.841 | -11.79 |
Net Interest Margin | 2.874 | 3.888 |
Efficiency Ratio | 127.759 | 91.029 |
Noninterest Income/Revenue | 1.371 | 11.745 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 84.233 | 79.575 |
Securities/Assets | .062 | .111 |
Total Equity/Total Assets | .02 | .091 |
Tangible Equity/Tangible Assets | .02 | .089 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 4,443 | 35,520 |
Tier 2 Capital | 2,142 | 3,643 |
Total Capital | 6,585 | 39,146 |
Total Risk Weighted Assets | 159,296 | 289,204 |
Leverage Ratio | 1.97 | 9.169 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 2.79 | 12.651 |
Total Capital Ratio | 4.13 | 13.89 |
Timeline for Pierce Commercial Bank
Heritage Bank
Pierce Commercial Bank was acquired by Heritage Bank 13 years
View Profile Nov 06 2010Pierce Commercial Bank
Pierce Commercial Bank was established 26 years ago and is currently headquartered in Tacoma, WA.
Dec 08 1997Pierce County Bancorp
Pierce County Bancorp became a new parent organization for Pierce Commercial Bank.
View Profile Dec 08 1997Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Heritage Bank | Buyer | 3,843,504 | Failure | 11/6/2010 |
Relationships | Role | Relationship Start | Relationship End |
Pierce County Bancorp | Parent | 12/8/1997 | 11/5/2010 |
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