Commencement Bank

Headquarters

1102 Commerce Street Suite 100
Tacoma, WA 98402
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.30% 0.95% →
1-Year CD 1.00% 1.01% →
2-Year CD 1.10% 0.95% →
5-Year CD 1.30% 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Commencement Bank is an FDIC insured institution located in Tacoma, WA. It was founded in 2006 and has approximately $0.4 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 58446
Date Established 2006
Assets $ 395.36 million
Loans $ 301.81 million
Deposits $ 340.13 million
Capital $ 48.95 million
 

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

Deposit Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.30% $2,500 $4,999 Learn More
Money Market
0.50% $2,500 $2,999 Learn More
Money Market
0.50% $10,000 $14,999 Learn More
Money Market
0.50% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.60% $10,000 $14,999 Learn More
3 Mo CD
0.60% $100,000 $199,999 Learn More
6 Mo CD
0.70% $10,000 $14,999 Learn More
6 Mo CD
0.70% $100,000 $199,999 Learn More
12 Mo CD
1.00% $10,000 $14,999 Learn More
12 Mo CD
1.00% $100,000 $199,999 Learn More
18 Mo CD
1.00% $10,000 $14,999 Learn More
18 Mo CD
1.00% $100,000 $199,999 Learn More
24 Mo CD
1.10% $10,000 $14,999 Learn More
24 Mo CD
1.10% $100,000 $199,999 Learn More
36 Mo CD
1.15% $10,000 $14,999 Learn More
36 Mo CD
1.15% $100,000 $199,999 Learn More
48 Mo CD
1.20% $10,000 $14,999 Learn More
48 Mo CD
1.20% $100,000 $199,999 Learn More
60 Mo CD
1.30% $10,000 $14,999 Learn More
60 Mo CD
1.30% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.10% $2,500 $3,499 Learn MoreShow Less

Loan Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Commencement Bank

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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.570% 2.500% 0.88 $2,312 $988 Learn More
Rocket Mortgage
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
More Info

Note to Commencement Bank
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Branches

Commencement Bank 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


Commencement Bank Locations


Financial Details

Commencement Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Commencement Bank. 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
Commencement Bank U.S. Bank Average
5.06% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its 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 March 31, 2020, Commencement Bank had $2,648,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $48,950,000 in equity and $3,337,000 in loans loss reserves. That gives it a Texas Ratio of 5.06%.

Return on Equity
Commencement Bank U.S. Bank Average
7.84% 7.80%

Commencement Bank has a Return on Equity of 7.84% versus the BestCashCow average of 7.80%. 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
Commencement Bank U.S. Bank Average
12.38% 12.68%

Commencement Bank has a Capitalization of 12.38% versus the BestCashCow average of 12.68. 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.

Commencement Bank Balance Sheet Analysis

As of March 31, 2020, Commencement Bank had assets of $395,356,000, loans of $301,812,000, and deposits of $340,128,000. 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

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 46.91 million
Interest-bearing balances $ 35.04 million
Total securities $ 14.13 million
Federal funds sold and reverse repurchase $ 8.67 million
Net loans and leases $ 301.81 million
Loan loss allowance $ 3.34 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 1.36 million
All other assets $ 14.60 million
     Total Assets $ 346.41 million
LIABILITIES
Total deposits $ 340.13 million
      Interest-bearing deposits $ 242.45 million
      Deposits held in domestic offices $ 340.13 million
      % insured (estimated) 58.58%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 6.28 million
      Total Liabilities $ 346.41 million
      Shareholders’ Equity $ 48.95 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 4.00 million
Total Interest Expense $ 0.66 million
Net interest income $ 3.33 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.28 million
Total non interest expense $ 2.43 million
Pre-tax Net Operating Income $ 1.18 million

Bank Loan Profile?

The top three loan types in Commencement Bank’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and 1-4 Family Residential Loans.

Compared to other banks in Washington, Commencement Bank has a significantly higher percent of Commercial and Industrial 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 7.29
Multifamily
Mortgages
4.16
Credit Card Loans 0.00
Consumer Auto Loans 0.04
Small Business Loans 0.00
Construction and Development Loans 5.74
Commercial Real Estate 51.41
Commercial and Industrial Loans 25.53
Farm Loans 0.00

Frequently Asked Questions About Commencement Bank

Branches and Savings

Is Commencement Bank FDIC insured?

Yes. It is covered under FDIC Certificate #58446.

Why does Commencement Bank pay such low interest on savings accounts?

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

Why are Commencement Bank CD rates not competitive?

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

Is Commencement Bank a commercial bank?

Yes

Where are Commencement Bank locations?

See branch locations nearby.

Is Commencement Bank open on Saturdays?

Is Commencement Bank open on Sundays?

What time does Commencement Bank open?

What time does Commencement Bank close?

Are Commencement Bank ATMs Open 24/7?

Do Commencement Bank ATMs accept cash deposits?

Can Commencement Bank customers use other ATMs?

Do Commencement Bank branches have notaries?

Will Commencement Bank notarize my document?

What address for Commencement Bank should I put for incoming ACH transfers?

Will the Commencement Bank branch print checks?

Do Commencement Bank checks expire?

Does Commencement Bank require US citizenship to open account?

Can Commencement Bank close my account?

Does Commencement Bank Report to credit bureaus?

Does Commencement Bank Use Equifax?

What is Commencement Bank's ACH Routing Number?

What is Commencement Bank's SWIFT code?

Products

Does Commencement Bank offer mortgages?

Compare mortgage rates here.

Does Commencement Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Commencement Bank offer personal loans?

Compare personal loan rates here.

Does Commencement Bank offer student loans?

Will Commencement Bank cash a check?

Will Commencement Bank redeem a savings bond?

Does Commencement Bank cash savings bonds?

Will Commencement Bank cash money orders?

Can Commencement Bank issue a money order?

Does Commencement Bank do currency exchange?

Background on The Bank

Who owns Commencement Bank?

How long has Commencement Bank been around?

Can Commencement Bank transfer to other banks?

Does Commencement Bank have quick pay?

Does Commencement Bank accept rolled coins?

Will Commencement Bank accept loose change?

Where is Commencement Bank headquarters?

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