Rainier Pacific Bank
Tacoma, WA — State Savings Bank
Acquired Feb 2010
Vitals
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Total Assets717.8M -15.2 %
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Total Deposits446.2M -14.7 %
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Total Net Loans554.0M -15.9 %
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Net Income-68969000.0000
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Book Value-11085000.0000 -138.8 %
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Book Value x2-22170000.0000 -138.8 %
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Book Value x3-33255000.0000 -138.8 %
Balance Sheet Highlights
| Financial Highlights | Rainier Pacific Bank | All Insured Savings Banks in Washington |
| Balance Sheet $(000) | ||
| Total Assets | 717,806 | 903,116 |
| Total Net Loans | 553,953 | 657,903 |
| Total Deposits | 446,192 | 666,928 |
| Total Equity | -11,085 | 60,846 |
| Profitability | ||
| Net Income | -68,969 | -46,326 |
| Return on Average Assets | -8.515 | -3.255 |
| Return on Average Equity | -318.164 | -97.122 |
| Net Interest Margin | 2.833 | 2.696 |
| Efficiency Ratio | 89.817 | 97.182 |
| Noninterest Income/Revenue | 20.486 | 30.39 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 124.151 | 105.774 |
| Securities/Assets | .061 | .135 |
| Total Equity/Total Assets | -.015 | .067 |
| Tangible Equity/Tangible Assets | -.019 | .024 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 12,440 | 62,699 |
| Tier 2 Capital | 10,050 | 8,252 |
| Total Capital | 22,490 | 70,951 |
| Total Risk Weighted Assets | 803,860 | 644,604 |
| Leverage Ratio | 1.69 | 7.697 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 1.55 | 10.783 |
| Total Capital Ratio | 2.8 | 12.057 |
Timeline for Rainier Pacific Bank
Rainier Pacific Bank was acquired by 14 years
Feb 27 2010
Support Systems, Inc.
Acquisition: Rainier Pacific Bank acquired a new subsidiary, Support Systems, Inc. , 18 years
View Profile Nov 15 2005
Rainier Pacific Financial Group, Inc.
Rainier Pacific Financial Group, Inc. became a new parent organization for Rainier Pacific Bank.
View Profile Oct 20 2003
Support Systems, Inc.
Support Systems, Inc. became a new subsidiary organization for Rainier Pacific Bank.
View Profile Oct 20 2003
| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| Umpqua Bank | Buyer | 24,730,514 | Failure | 2/27/2010 | |
| Support Systems, Inc. | Seller | Pooling of Interests | Discontinued | 11/15/2005 | |
| Health Care Credit Union | Seller | Discontinued | 10/1/1988 |
| Relationships | Role | Relationship Start | Relationship End |
| Rainier Pacific Financial Group, Inc. | Parent | 10/20/2003 | 2/26/2010 |
| Support Systems, Inc. | Subsidary | 10/20/2003 | 11/14/2005 |
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