Average User Rating:
1 star rating based on 1 review.

Pacific Rim Bank

500 Ala Moana Boulevard, Suite 2a
Honolulu, HI 96813
(808) 585-9600
www.pacificrimbank.com

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Pacific Rim Bank is headquartered in Honolulu and is the 8^th largest bank in the state of Hawaii. It is also the 4,085^th largest bank in the nation. It was established in 2006 and as of March of 2012, it had grown to 20 employees at 1 location. Pacific Rim Bank has a 2-star health rating.

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See Rates for: Checking | Savings | Money Market | CD | IRA

Pacific Rim Bank Checking Account Rates

Apy	Min	Max	Product
0.10%	$2,500	-	Senior Checking
0.05%	$2,500	-	Pacific Rim Checking
0.05%	$100	-	Non-profit Interest Paying Checking

Pacific Rim Bank Savings Account Rates

Apy	Min	Max	Product
0.45%	$100	-	Senior Savings
0.40%	$100	-	eDirect Savings
0.35%	$100	-	Personal Savings
0.20%	$100	-	Business Savings

Pacific Rim Bank Money Market Rates

	Apy	Min	Max	Product
	0.25%	$100k	-	Money Market Savings

Pacific Rim Bank CD Rates

Apy	Min	Max	Product
0.90%	$2,500	-	3 Year CD
0.65%	$2,500	-	2 Year CD
0.50%	$2,500	-	1 Year CD
0.45%	$2,500	-	5 Year CDARS CD
0.25%	$2,500	-	3 Year CDARS CD
0.22%	$2,500	-	2 Year CDARS CD
0.20%	$2,500	-	6 Month CD
0.20%	$2,500	-	9 Month CD
0.15%	$2,500	-	52 Week CDARS CD
0.10%	$2,500	-	3 Month CD
0.08%	$2,500	-	26 Week CDARS CD
0.06%	$2,500	-	13 Week CDARS CD
0.04%	$2,500	-	4 Week CDARS CD

Pacific Rim Bank IRA Rates

Apy	Min	Max	Product
0.90%	$2,500	-	3 Year IRA
0.90%	$2,500	-	3 Year Roth IRA
0.65%	$2,500	-	2 Year IRA
0.65%	$2,500	-	2 Year Roth IRA
0.50%	$2,500	-	1 Year IRA
0.50%	$2,500	-	1 Year Roth IRA
0.20%	$2,500	-	9 Month IRA
0.20%	$2,500	-	6 Month IRA
0.20%	$2,500	-	6 Month Roth IRA
0.20%	$2,500	-	9 Month Roth IRA
0.10%	$2,500	-	3 Month IRA
0.10%	$2,500	-	3 Month Roth IRA

Rates updated: 5/27/2012

Data for Q1 2012

Institution Statistics

Pacific Rim Bank
FDIC Certificate #	58137
BankRate Report	View
Year Established	2006
Employees	20
Primary Regulator	FDIC
Assets and Liabilities
Assets	$137.62 million
Loans	$86.75 million
Deposits	$128.51 million
Equity Capital	$8.65 million
Loan Loss Allowance	$2.12 million
Unbacked Noncurrent Loans	$69,000
Real Estate Owned	$4.14 million
Historic Data - March 2011
Assets	$139.44 million
Equity Capital	$7.89 million
Loan Loss Allowance	$3.04 million
Unbacked Noncurrent Loans	$2.03 million
Real Estate Owned	$1.51 million
Profit Margin - Quarterly
Net Interest Margin	3.79%
Return on Assets	0.95%
Return on Equity	15.14%
Interest Income	$1.30 million

Institution Health

Overall Score:

2 out of 5

Texas Ratio
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 March 31, 2012 Pacific Rim Bank had $4.21 million in non-current loans and owned real-estate with $10.76 million in equity and loan loss allowances on hand to cover it. This gives Pacific Rim Bank a Texas Ratio of 39.08% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Pacific Rim Bank increased slightly from 32.35% as of March 31, 2011 to 39.08% as of March 31, 2012, resulting in a negative change of 20.83%. This indicates that the balance sheet and financial strength for Pacific Rim Bank has declined slightly in recent periods.
Deposit Growth
In the past year, Pacific Rim Bank has decreased its total deposits by -$2.55 million, resulting in -1.94% 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 Rim Bank has shown is below average.
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. Pacific Rim Bank has $137.62 million in assets with $10.76 million in equity, resulting in a capitalization level of 7.82%, which is below average.

Not The Wisest Move
1 stars

- FinanceWise - Monday, May 16, 2011 - 7:50 PM

High fees, inconvenient location, staff changes, and the failure of numerous programs caused me to quickly switch financial institutions. There is no compelling reason to stay with this small bank especially with much stronger credit unions and banks all over the islands.