Bank of the Pacific

300 East Market Street
Aberdeen, WA 98520

Notable Rates APY Vs.Others
Savings 0.05% 2.25% →
1-Year CD 1.66% 2.25% →
2-Year CD 1.71% 2.50% →
5-Year CD 1.92% 2.80% →
30-Year Mortgage N.A. 3.31% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 4.00% →

2019 Overview

General Bank Information

Bank of the Pacific is an FDIC insured institution located in Aberdeen, WA. It was founded in 1979 and has approximately $0.92 billion in assets. Customers can open an account at one of its 20 branches.

FDIC Insured Yes
FDIC Certificate # 23041
Date Established 1979
Assets $0.92 billion
Loans $0.70 billion
Deposits $0.80 billion
Capital $0.11 billion
 

For a more detailed analysis of Bank of the Pacific's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - December 13, 2019

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.05% $1 $24,999 Learn MoreShow Less
Money Market
0.10% $25,000 $99,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.05% $500 $24,999 Learn MoreShow Less
3 Mo CD
0.12% $100,000 $249,999 Learn MoreShow Less
6 Mo CD
0.10% $500 $24,999 Learn MoreShow Less
0.55% $100,000 $249,999 Learn MoreShow Less
12 Mo CD
0.15% $500 $24,999 Learn MoreShow Less
1.66% $100,000 $249,999 Learn MoreShow Less
18 Mo CD
0.15% $500 $24,999 Learn MoreShow Less
1.66% $100,000 $249,999 Learn MoreShow Less
24 Mo CD
0.25% $500 $24,999 Learn MoreShow Less
1.71% $100,000 $249,999 Learn MoreShow Less
30 Mo CD
0.25% $500 $24,999 Learn MoreShow Less
1.71% $100,000 $249,999 Learn MoreShow Less
36 Mo CD
0.50% $500 $24,999 Learn MoreShow Less
1.87% $100,000 $249,999 Learn MoreShow Less
48 Mo CD
0.60% $500 $24,999 Learn MoreShow Less
1.92% $100,000 $249,999 Learn MoreShow Less
60 Mo CD
0.90% $500 $24,999 Learn MoreShow Less
1.92% $100,000 $249,999 Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.15% $500 $24,999 Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.15% $500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.03% $1,000 - Learn MoreShow Less

Loan Rates - December 13, 2019

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Bank of the Pacific

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
4.919% 4.875% 0.00 $1,250 $1,324 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.034% 4.990% 0.00 $1,250 $1,341 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
3.625% 3.625% -0.13 ($252) $1,141 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
3.740 %
$0 Learn More
More Info

Note to Bank of the Pacific
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Bank of the Pacific branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Bank of the Pacific Locations


Financial Details

Bank of the Pacific Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of the Pacific. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Bank of the Pacific U.S. Bank Average
0.75% 6.77%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of June 30, 2019, Bank of the Pacific had $924,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $113,372,000 in equity and $9,046,000 in loans loss reserves. That gives it a Texas Ratio of 0.75%.

Return on Equity
Bank of the Pacific U.S. Bank Average
12.59% 9.50%

Bank of the Pacific has a Return on Equity of 12.59% versus the BestCashCow average of 9.50%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Bank of the Pacific U.S. Bank Average
12.27% 12.76%

Bank of the Pacific has a Capitalization of 12.27% versus the BestCashCow average of 12.76. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Bank of the Pacific Balance Sheet Analysis

As of June 30, 2019, Bank of the Pacific had assets of $923,940,000, loans of $698,127,000, and deposits of $795,844,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

June 30, 2019
ASSETS
Cash & Balances due from depository institutions $0.04 billion
Interest-bearing balances $0.02 billion
Total securities $0.10 billion
Federal funds sold and reverse repurchase $0.03 billion
Net loans and leases $0.70 billion
Loan loss allowance $0.01 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.01 billion
All other assets $0.03 billion
     Total Assets $0.81 billion
LIABILITIES
Total deposits $0.80 billion
      Interest-bearing deposits $0.55 billion
      Deposits held in domestic offices $0.80 billion
      % insured (estimated) 67.11%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.01 billion
      Total Liabilities $0.81 billion
      Shareholders’ Equity $0.11 billion

Summary Income Statement

June 30, 2019
INCOME AND EXPENSES
Total Interest Income $0.02 billion
Total Interest Expense $0.00 billion
Net interest income $0.02 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.01 billion
Total non interest expense $0.02 billion
Pre-tax Net Operating Income $0.01 billion

Bank Loan Profile?

The top three loan types in Bank of the Pacific’s loan portfolio are Commercial Real Estate, Small Business Loans, and 1-4 Family Residential Loans.

Compared to other banks in Washington, Bank of the Pacific has a significantly higher percent of Credit Card Loans, Consumer Auto Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 15.31
Multifamily
Mortgages
4.56
Credit Card Loans 0.38
Consumer Auto Loans 8.27
Small Business Loans 17.73
Construction and Development Loans 6.33
Commercial Real Estate 41.51
Commercial and Industrial Loans 14.80
Farm Loans 3.79

Frequently Asked Questions About Bank Of The Pacific

Branches and Savings

Is Bank Of The Pacific FDIC insured?

Yes. It is covered under FDIC Certificate #23041.

Why does Bank Of The Pacific pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Bank Of The Pacific CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Bank Of The Pacific a commercial bank?

Yes

Where are Bank Of The Pacific locations?

See branch locations nearby.

Is Bank Of The Pacific open on Saturdays?

Is Bank Of The Pacific open on Sundays?

What time does Bank Of The Pacific open?

What time does Bank Of The Pacific close?

Are Bank Of The Pacific ATMs Open 24/7?

Do Bank Of The Pacific ATMs accept cash deposits?

Can Bank Of The Pacific customers use other ATMs?

Do Bank Of The Pacific branches have notaries?

Will Bank Of The Pacific notarize my document?

What address for Bank Of The Pacific should I put for incoming ACH transfers?

Will the Bank Of The Pacific branch print checks?

Do Bank Of The Pacific checks expire?

Does Bank Of The Pacific require US citizenship to open account?

Can Bank Of The Pacific close my account?

Does Bank Of The Pacific Report to credit bureaus?

Does Bank Of The Pacific Use Equifax?

What is Bank Of The Pacific's ACH Routing Number?

What is Bank Of The Pacific's SWIFT code?

Products

Does Bank Of The Pacific offer mortgages?

Compare mortgage rates here.

Does Bank Of The Pacific offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bank Of The Pacific offer personal loans?

Compare personal loan rates here.

Does Bank Of The Pacific offer student loans?

Will Bank Of The Pacific cash a check?

Will Bank Of The Pacific redeem a savings bond?

Does Bank Of The Pacific cash savings bonds?

Will Bank Of The Pacific cash money orders?

Can Bank Of The Pacific issue a money order?

Does Bank Of The Pacific do currency exchange?

Background on The Bank

Who owns Bank Of The Pacific?

How long has Bank Of The Pacific been around?

Can Bank Of The Pacific transfer to other banks?

Does Bank Of The Pacific have quick pay?

Does Bank Of The Pacific accept rolled coins?

Will Bank Of The Pacific accept loose change?

Where is Bank Of The Pacific headquarters?

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