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Overview / Commentary
800-335-4126
3500 188th Street SW, Suite 575
Lynnwood, WA 98037

Pacific Crest Savings Bank was established in 1984 as Phoenix Mortgage and converted to a Washington State-charted, federally insured savings bank in 1998. Pacific Crest Savings Bank combines the advantages of independent ownership with three decades of experience to offer the highest level of customer service.

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Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
B

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Pacific Crest Savings Bank had $3 million in non-current loans and owned real-estate with $19.22 million in equity and loan loss allowances on hand to cover it. This gives Pacific Crest Savings Bank a Texas Ratio of 15.60% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B

The Texas Ratio for Pacific Crest Savings Bank decreased slightly from 18.32% as of December 31, 2012 to 15.60% as of December 31, 2013, resulting in a positive change of 14.85%.This indicates that the balance sheet and financial strength for Pacific Crest Savings Bank has improved slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Pacific Crest Savings Bank has increased its total deposits by $6.07 million, resulting in 5.13% 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 Pacific Crest Savings Bank has shown is excellent.

Capitalization

GRADE:
A

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. Pacific Crest Savings Bank has $167.58 million in assets with $19.22 million in equity, resulting in a capitalization level of 11.47%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #34585
Year Established1998
Employees17
Primary RegulatorFDIC
Assets and Liabilities
Assets$167.59 million
Loans$133.18 million
Deposits$124.28 million
Equity Capital$17.01 million
Loan Loss Allowance$2.22 million
Unbacked Noncurrent Loans$3.00 million
Real Estate Owned$0
Historic Data - December 2012
Assets$157.20 million
Equity Capital$16.00 million
Loan Loss Allowance$2.19 million
Unbacked Noncurrent Loans$3.00 million
Real Estate Owned$724,000
Profit Margin - Quarterly
Net Interest Margin3.61%
Return on Assets1.28%
Return on Equity12.54%
Interest Income$7.59 million
Rates
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Pacific Crest Savings Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.60%$50k-Personal Money Market
0.60%$50k-Business Money Market
0.60%$50k-IRA Money Market

Pacific Crest Savings Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.60%$10k-Interest Plus Checking
0.60%$10k-401(k) Plan Checking
0.60%--Business Plus Checking
0.50%$2,500-Interest Checking

Pacific Crest Savings Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.80%$2k$245k5 Year CD
1.60%$245k-5 Year Jumbo CD
1.25%$2k$245k3 Year CD
1.05%$245k-3 Year Jumbo CD
0.80%$2k$245k1 Year CD
0.80%$2k$245k2 Year CD
0.60%$245k-1 Year Jumbo CD
0.60%$245k-2 Year Jumbo CD
0.45%$2k$245k6 Month CD
0.25%$245k-6 Month Jumbo CD

Pacific Crest Savings Bank IRA Rates

DetailsAPYMINMAXPRODUCT
1.80%$2k-5 Year IRA (Traditional,Roth)
1.25%$2k-3 Year IRA (Traditional,Roth)
0.80%$2k-1 Year IRA (Traditional,Roth)
0.80%$2k-2 Year IRA (Traditional,Roth)
0.45%$2k-6 Month IRA (Traditional,Roth)
Locations


Pacific Crest Savings Bank Locations
Pacific Crest Savings Bank3500 188th Street, S.w., Suite 575Lynnwood, WA 98037