BankPacific, Ltd
BankPacific, Ltd is headquartered in Hagatna and is the 3rd largest bank in the state of GU. It is also the 4,172nd largest bank in the nation. It was established in 1953 and as of March of 2014, it had grown to 87 employees. BankPacific, Ltd has a B+ health rating.
Data for Q1 2014
Institution Health
Texas Ratio
The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 BankPacific, Ltd had $1.84 million in non-current loans and owned real-estate with $15.4 million in equity and loan loss allowances on hand to cover it. This gives BankPacific, Ltd a Texas Ratio of 11.95% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for BankPacific, Ltd experienced no significant changes from 8.99% as of March 31, 2013 to 11.95% as of March 31, 2014, resulting in a negative change of 32.88%. This indicates that the balance sheet and financial strength for BankPacific, Ltd has had no significant changes in recent periods.
Deposit Growth
In the past year, BankPacific, Ltd has increased its total deposits by $6.43 million, resulting in 6.27% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth BankPacific, Ltd has shown is excellent.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. BankPacific, Ltd has $125.06 million in assets with $15.4 million in equity, resulting in a capitalization level of 12.31%, which is excellent.
Institution Statistics
| Overall | |
|---|---|
| FDIC Certificate # | 30692 |
| Year Established | 1953 |
| Employees | 87 |
| Primary Regulator | FDIC |
| Assets and Liabilities | |
|---|---|
| Assets | $125.06 million |
| Loans | $95.83 million |
| Deposits | $109.00 million |
| Equity Capital | $14.93 million |
| Loan Loss Allowance | $469,000 |
| Unbacked Noncurrent Loans | $1.65 million |
| Real Estate Owned | $187,000 |
| Historic Data - March 2013 | |
|---|---|
| Assets | $118.22 million |
| Equity Capital | $14.70 million |
| Loan Loss Allowance | $633,000 |
| Unbacked Noncurrent Loans | $1.65 million |
| Real Estate Owned | $171,000 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 5.14% |
| Return on Assets | 0.38% |
| Return on Equity | 3.2% |
| Interest Income | $1.51 million |
Sorry, we do not have rate data for BankPacific, Ltd
| BankPacific, Ltd Locations | ||
|---|---|---|
| Bankpacific, Ltd | 151 Aspinal Ave | Hagatna, GU 96910 |
| Agat Branch | 875 North Route 2 | Agat, GU 96928 |
| Beach Road Branch | Beach Road | Garapan, GU 96910 |
| Palau Branch | Lebuu Street, Tngerongel Hamlet | Palau, PW 96940 |
| Marine Drive Branch | South Marine Drive | Tamuning, GU 96913 |
| West Marine Drive Branch | West Marine Drive | Dededo, GU 96912 |