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888-855-8267
300 East Market Street
Aberdeen, WA 98520

Bank of the Pacific is headquartered in Aberdeen and is the 20th largest bank in the state of Washington. It is also the 960th largest bank in the nation. It was established in 1979 and as of December of 2013, it had grown to 234 employees at 18 locations. Bank of the Pacific has a A+ health rating.

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Health

Data for Q4 2013

Institution Health

A+

Texas Ratio

GRADE:
A

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 Bank of the Pacific had $8.18 million in non-current loans and owned real-estate with $88.06 million in equity and loan loss allowances on hand to cover it. This gives Bank of the Pacific a Texas Ratio of 9.29% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Bank of the Pacific decreased dramatically from 20.17% as of December 31, 2012 to 9.29% as of December 31, 2013, resulting in a positive change of 53.93%.This indicates that the balance sheet and financial strength for Bank of the Pacific has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Bank of the Pacific has increased its total deposits by $61.41 million, resulting in 11.2% 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 Bank of the Pacific 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. Bank of the Pacific has $704.61 million in assets with $88.06 million in equity, resulting in a capitalization level of 12.50%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #23041
Year Established1979
Employees234
Primary RegulatorFDIC
Assets and Liabilities
Assets$704.61 million
Loans$504.07 million
Deposits$609.83 million
Equity Capital$79.70 million
Loan Loss Allowance$8.36 million
Unbacked Noncurrent Loans$5.41 million
Real Estate Owned$2.77 million
Historic Data - December 2012
Assets$643.29 million
Equity Capital$79.68 million
Loan Loss Allowance$9.36 million
Unbacked Noncurrent Loans$5.41 million
Real Estate Owned$4.68 million
Profit Margin - Quarterly
Net Interest Margin3.98%
Return on Assets0.62%
Return on Equity5.25%
Interest Income$26.29 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Bank of the Pacific, we are a rate comparison website and can not provide official rates or promotions.

Bank of the Pacific Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.08%$250-Classic Savings
0.08%--Classic Junior
0.08%--Classic 50
0.08%--Christmas Club
0.08%--The Bear at the Bank
0.05%--Easy Saver

Bank of the Pacific Money Market Rates

DetailsAPYMINMAXPRODUCT
0.15%$250k-Money Market

Bank of the Pacific Checking Account Rates

DetailsAPYMINMAXPRODUCT
1.26%-$25kDream Checking
0.03%$1k-Essential 50+
0.03%$1k-NOW Individual
0.03%$5k-Super Bonus
0.03%$5k-Super Bonus 50+
0.03%--Dream Checking

Bank of the Pacific CD Rates

DetailsAPYMINMAXPRODUCT
1.10%$100k-60 Month CD
0.85%$100k-48 Month CD
0.65%$100k-36 Month CD
0.55%$100k-36 Month BUMP CD
0.40%$100k-30 Month CD
0.35%$100k-24 Month CD
0.27%$100k-18 Month CD
0.25%$100k-12 Month CD
0.25%$100k-15 Month CD
0.25%$100k-12 Month Add-On CD
0.20%$100k-6 Month CD
0.20%$100k-9 Month CD
0.20%$100-Bear at the Bank CD - Children's Ad-On
0.15%$100k-3 Month CD
0.05%$100k-1 Month CD

Bank of the Pacific IRA Rates

DetailsAPYMINMAXPRODUCT
1.00%$500-5-Year Fixed Rate IRA
0.85%$500-4-Year Fixed Rate IRA
0.65%$500-3-Year Fixed Rate IRA
0.35%$500-2-Year Fixed Rate IRA
0.30%$500-18-Month Fixed Rate IRA
0.30%$100-18-Month Variable Rate IRA
0.20%$100-1-Year Variable Rate IRA
Locations

Bank of the Pacific has 18 locations. Click to view all Bank of the Pacific locations.