# PRIME PACIFIC BANK NA
LYNNWOOD, WA · FDIC certificate 34022 · asset band <$300M · latest filing 2016-06 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. Composite score 3 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $123.8M | |
| Deposits | $101.4M | |
| Loans and leases | $103.5M | |
| Total equity | $16.2M | |
| Loans / deposits | 100.30% (p92 of band) | 74.58% |
| Liquid assets / assets | 8.77% (p4 of band) | |
| Uninsured deposits / deposits | 9.28% (p28 of band) | 14.02% |
| Brokered deposits | 3.37% | |
| Wholesale funding | 8.22% (p77 of band) | |
| FHLB advances / assets | 4.85% | |
| Tier 1 leverage | 11.62% (p63 of band) | 10.79% |
| Unrealized securities loss / equity | 0.46% (p24 of band) | 2.02% |
| AOCI / equity | 0.16% (p24 of band) | |
| ROA (annualized) | 1.43% (p82 of band) | 0.86% |
| Net interest margin | 4.71% (p92 of band) | 3.65% |
| Efficiency ratio | 67.42% (p38 of band) | |
| Noncurrent loans | 0.86% (p56 of band) | 0.67% |
| Net charge-offs (annualized) | -0.07% (p7 of band) | |
| Reserve coverage of noncurrent | 203.59% | |
| Real estate % of loans | 93% | |
| Construction % of loans | 28.55% (p66 of band) | |
| Auto loans | $47,000 (0.05% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -7.4% | |
| Employees | 32 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **liquid assets <10%** (`liq_thin`)
- **deposits shrinking** (`shrink_deposits`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 6 | leverage <7%, leverage <5%, noncurrent p90, charge-offs p90, reserve under noncurrent |  |
| 2011-06 | 5 | losing money | leverage <5% |
| 2011-09 | 6 | expense ratio p90 |  |
| 2011-12 | 6 |  |  |
| 2012-03 | 10 | leverage <5%, deposits shrinking, assets shrinking |  |
| 2012-06 | 11 | uninsured deposits leaving |  |
| 2012-09 | 11 |  |  |
| 2012-12 | 8 |  | noncurrent p90, leverage <5% |
| 2013-03 | 5 | liquid assets <10% | charge-offs p90, losing money, expense ratio p90, assets shrinking |
| 2013-06 | 3 |  | deposits shrinking, liquid assets <10% |
| 2013-09 | 4 | noncurrent p90 |  |
| 2013-12 | 2 |  | uninsured deposits leaving, noncurrent p90 |
| 2014-03 | 3 | charge-offs p90 |  |
| 2014-06 | 1 |  | leverage <7%, reserve under noncurrent |
| 2014-09 | 2 | reserve under noncurrent |  |
| 2014-12 | 0 |  | charge-offs p90, reserve under noncurrent |
| 2015-03 | 0 |  |  |
| 2015-06 | 0 |  |  |
| 2015-09 | 3 | deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2015-12 | 0 |  | deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2016-03 | 0 |  |  |
| 2016-06 | 3 | loans exceed deposits, liquid assets <10%, deposits shrinking |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2016-08-02 [Cascade Bancorp Completes Acquisition of Prime Pacific Financial Services - PR Newswire](https://news.google.com/rss/articles/CBMiyAFBVV95cUxPYl9wYnpSZlNJZmRNVXRBcTU0eDFEaDFIT0FVcGJxVVlrN2pTaElCOWl0Y0lBTVd5WjFuNGVFX1dkM1NIZjU1b0l3S0FTZExtS19yMW1qQU1lcjQ1OGw0R0hiN1NLX1RWbWN3T2RpdE9EUUEtU2RabmxoT2FMNFBzclV6S0tXX0pJVjg0bjhWV0dfZ1luekU2YWVhaXdkSVFBMVpfb0FvaS1fZ0RQN0V0Q3RoX2trQkswU2d6UEVndXo3ckFhdGthVQ?oc=5) · PR Newswire

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=34022 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/38.json (key "34022", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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