Shorebank, Pacific
Ilwaco, WA — Domestic Branch of a Domestic Bank
Acquired Dec 2010
Vitals
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Total Assets180.1M -21.9 %
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Total Deposits139.8M -21.3 %
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Total Net Loans99.8M -8.8 %
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Net Income-1427000.0000
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Book Value14.7M -15.2 %
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Book Value x229.3M -15.2 %
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Book Value x344.0M -15.2 %
Balance Sheet Highlights
Financial Highlights | Shorebank, Pacific | All Insured Commercial Banks in Washington |
Balance Sheet $(000) | ||
Total Assets | 180,109 | 411,145 |
Total Net Loans | 99,755 | 271,917 |
Total Deposits | 139,822 | 349,746 |
Total Equity | 14,666 | 37,577 |
Profitability | ||
Net Income | -1,427 | -1,303 |
Return on Average Assets | -.944 | -.732 |
Return on Average Equity | -12.689 | -11.79 |
Net Interest Margin | 3.371 | 3.888 |
Efficiency Ratio | 81.617 | 91.029 |
Noninterest Income/Revenue | 2.5 | 11.745 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 71.344 | 79.575 |
Securities/Assets | .333 | .111 |
Total Equity/Total Assets | .081 | .091 |
Tangible Equity/Tangible Assets | .081 | .089 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 15,428 | 35,520 |
Tier 2 Capital | 1,488 | 3,643 |
Total Capital | 16,916 | 39,146 |
Total Risk Weighted Assets | 158,437 | 289,204 |
Leverage Ratio | 8.26 | 9.169 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 9.74 | 12.651 |
Total Capital Ratio | 10.68 | 13.89 |
Timeline for Shorebank, Pacific
Beneficial State Bank
Shorebank, Pacific was acquired by Beneficial State Bank 13 years
View Profile Dec 31 2010Shorebank Pacific Corporation
Shorebank Pacific Corporation became a new parent organization for Shorebank, Pacific.
View Profile Jul 31 1997Shorebank Corporation, The
Shorebank Corporation, The became a new parent organization for Shorebank, Pacific.
View Profile Dec 01 1995U.S. Bancorp
U.S. Bancorp became a new parent organization for Shorebank, Pacific.
View Profile May 07 1993Shorebank, Pacific
Shorebank, Pacific was established 45 years ago and is currently headquartered in Ilwaco, WA.
Jul 12 1978Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Beneficial State Bank | Buyer | 641,077 | Discontinued | 12/31/2010 |
Relationships | Role | Relationship Start | Relationship End |
Shorebank Pacific Corporation | Parent | 7/31/1997 | 12/30/2010 |
Shorebank Corporation, The | Parent | 12/1/1995 | 7/30/1997 |
U.S. Bancorp | Parent | 5/7/1993 | 11/30/1995 |
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