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 Commencement Bank
Commencement Bank
| RSSD ID 3537897 | CERTIFICATE 58446 | ABA NUMBER 125108887 |
| 1313 Broadway, Suite 400 |
Quarter Ended : |
2025-03-31 |
| Tacoma, Washington, 98402 |
Updated : |
2025-04-24 |
| www.commencementbank.com |
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| Institution Profile |
| Year Opened : |
2006 |
Institution Type : |
Commercial bank |
| Entity Type : |
State |
Federal Regulator : |
FED |
| Member Federal Reserve : |
Yes |
S-Corp : |
No |
| Fiduciary Powers : |
No |
Powers Exercised : |
No |
| Filing Type : |
051 |
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| Specialization : |
Commercial Lending Specialization |
| Number of Offices : |
6 |
Number of Employees : |
77 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 643,820 |
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Total Interest Income | 7,902 |
| Total Liabilities | 590,601 |
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Total NonInterest Income | 365 |
| Total Bank Equity Capital | 53,219 |
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Total Interest Expense | 2,167 |
| Total Deposits | 579,559 |
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Total NonInterest Expense | 4,363 |
| Net Loans & Leases | 468,309 |
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Net Income | 1,327 |
| Loan Loss Allowance | 5,731 |
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Net Charge Offs | (34) |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Total capital | 68,477 |
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Total loans | 471,353 |
| Total assets for the leverage ratio | 644,624 |
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Loans secured by real estate: | 345,157 |
| Tier 1 Leverage Ratio | 9.69 |
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Commercial and industrial loans | 107,487 |
| Tier 1 Capital Ratio | 12.32 |
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Loans to individuals - Credit Cards | 0 |
| Total Capital Ratio | 13.5 |
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Loans to individuals - Other | 4,086 |
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:· Commencement Bank
