# COMMENCEMENT BANK
TACOMA, WA · FDIC certificate 58446 · asset band $300M-1B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *ordinary*. Composite score 0 (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 | $739.6M | |
| Deposits | $660.2M | |
| Loans and leases | $556.6M | |
| Total equity | $67.1M | |
| Loans / deposits | 83.32% (p54 of band) | 82.04% |
| Liquid assets / assets | 19.87% (p32 of band) | |
| Uninsured deposits / deposits | 43.96% (p91 of band) | 25.97% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p11 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 10.30% (p41 of band) | 10.81% |
| Unrealized securities loss / equity | -17.26% (p27 of band) | -8.10% |
| AOCI / equity | -0.46% (p44 of band) | |
| ROA (annualized) | 0.99% (p32 of band) | 1.28% |
| Net interest margin | 4.28% (p71 of band) | 3.91% |
| Efficiency ratio | 68.49% (p69 of band) | |
| Noncurrent loans | 0.09% (p22 of band) | 0.43% |
| Net charge-offs (annualized) | 0.04% (p73 of band) | |
| Reserve coverage of noncurrent | 1341.60% | |
| Real estate % of loans | 73% | |
| Construction % of loans | 33.80% (p41 of band) | |
| Auto loans | $206,000 (0.04% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | 10.0% | |
| Employees | 83 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | brokered >10%, reserve under noncurrent |  |
| 2011-06 | 2 |  |  |
| 2011-09 | 3 | capital falling |  |
| 2011-12 | 3 |  |  |
| 2012-03 | 1 |  | reserve under noncurrent, capital falling |
| 2012-06 | 2 | reserve under noncurrent |  |
| 2012-09 | 2 |  |  |
| 2012-12 | 2 |  |  |
| 2013-03 | 2 |  |  |
| 2013-06 | 2 | wholesale funding >15% | reserve under noncurrent |
| 2013-09 | 1 | capital falling | brokered >10%, wholesale funding >15% |
| 2013-12 | 2 | brokered >10% |  |
| 2014-03 | 2 |  |  |
| 2014-06 | 0 |  | capital falling, brokered >10% |
| 2014-09 | 1 | brokered >10% |  |
| 2014-12 | 2 | capital falling |  |
| 2015-03 | 1 |  | brokered >10% |
| 2015-06 | 1 |  |  |
| 2015-09 | 2 | brokered >10% |  |
| 2015-12 | 1 |  | capital falling |
| 2016-03 | 0 |  | brokered >10% |
| 2016-06 | 2 | brokered >10%, wholesale funding >15% |  |
| 2016-09 | 1 |  | wholesale funding >15% |
| 2016-12 | 2 | capital falling |  |
| 2017-03 | 2 |  |  |
| 2017-06 | 0 |  | brokered >10%, capital falling |
| 2017-09 | 1 | brokered >10% |  |
| 2017-12 | 2 | deposits shrinking |  |
| 2018-03 | 1 |  | deposits shrinking |
| 2018-06 | 1 | uninsured deposits leaving | brokered >10% |
| 2018-09 | 1 |  |  |
| 2018-12 | 0 |  | uninsured deposits leaving |
| 2019-03 | 0 |  |  |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 0 |  |  |
| 2020-06 | 0 |  |  |
| 2020-09 | 1 | capital falling |  |
| 2020-12 | 0 |  | capital falling |
| 2021-03 | 0 |  |  |
| 2021-06 | 3 | uninsured deposits >50%, capital falling, charge-offs p90 |  |
| 2021-09 | 2 |  | capital falling |
| 2021-12 | 2 |  |  |
| 2022-03 | 2 | assets shrinking | charge-offs p90 |
| 2022-06 | 1 |  | assets shrinking |
| 2022-09 | 3 | AOCI drag >20% of equity, securities losses >30% of equity |  |
| 2022-12 | 3 |  |  |
| 2023-03 | 1 |  | AOCI drag >20% of equity, securities losses >30% of equity |
| 2023-06 | 3 | capital falling, securities losses >30% of equity |  |
| 2023-09 | 3 | run vulnerability | capital falling |
| 2023-12 | 3 |  |  |
| 2024-03 | 4 | expense ratio p90 |  |
| 2024-06 | 3 |  | expense ratio p90 |
| 2024-09 | 2 | capital falling | securities losses >30% of equity, run vulnerability |
| 2024-12 | 1 |  | uninsured deposits >50% |
| 2025-03 | 0 |  | capital falling |
| 2025-06 | 0 |  |  |
| 2025-09 | 3 | uninsured deposits >50%, capital falling, run vulnerability |  |
| 2025-12 | 0 |  | uninsured deposits >50%, capital falling, run vulnerability |
| 2026-03 | 2 | uninsured deposits >50%, run vulnerability |  |
| 2026-06 | 0 |  | uninsured deposits >50%, run vulnerability |

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

- 2026-08-21 [Washington's Best Workplaces 2026: Commencement Bank - The Business Journals](https://news.google.com/rss/articles/CBMizAFBVV95cUxQaDF4RVNRY2Nxek5yX3BLNk93alZOaWJFeDFta2N0VDBBV3ZTd0dOa0Y2M3B4Z0o4cUZQZWlLT1Myd01hZDQ3eFhIMlc1RHRzd1Z4dnVVQ2lrX3pVenNwS2tlT0gwN3h5dnJ5b1JqeHRCQUJZYnFBWHJKcmFGM1FNSlQ3OWdrN3phUjgwVGpMWDFXcW0xbEprMkFoY2hja0hkX1FRLUpGbzVIdHZHYjRMSWFRakJqdm1MY2N5bG0zLUptOV82Y1lQWkIydG8?oc=5) · The Business Journals
- 2026-04-01 [Commencement Bank Welcomes New Commercial Healthcare Banking Team - Yahoo Finance](https://news.google.com/rss/articles/CBMiuAFBVV95cUxNV2JxSXA1MUk4OTNUWDJ3Q3ppbEpsMmowRmxnUVRrdlVUZl9CMWgwU1oydk8yRHFlSV9kSV9YRkoxTExDcDdhLVBRV3Nkek5tcUFhV1NrRXMxcG1nVEw1UDRsZWM3dU5LLV91WTgweTBwSldjTmFFd1JvcjZJZ3ZvOWExeV9NMmlzVVY1ajNvdExPNzczaldFdmRuUWtMRmRvSW5qVGxKdHc5MU5xbjhscGRTZ1c4VXpX?oc=5) · Yahoo Finance
- 2026-07-10 [Commencement Bank Names Erin Shannon Vice President & SBA Lending Manager - citybiz.co](https://news.google.com/rss/articles/CBMirwFBVV95cUxPQkc5aXBxbl96UTBXOUpxUlduTmM4bjRfcVdWd3V1Z2xfOEMyUEZTYzA3d3B3N3NIcHluaHlWVkl6bHp4WDRtbEpMMlVkUklFRGN4Y0tqbUtRSEZ3X0JqdHd6R1FsTTNMaGVyY1V3NjBObC15OFV3cnNZNy1PYkhyLVduNHRZazRtMzJwbWo1X2xLaDd0TWNQbTF6VEhjbnlCLWtDc3J0UnNpTHhhUlFz?oc=5) · citybiz.co
- 2026-01-14 [Commencement Bank Named one of America's Best Regional Banks of 2026 by Newsweek - ACCESS Newswire](https://news.google.com/rss/articles/CBMi4wFBVV95cUxPYk5ydkR6OGYwbEFMdjluMVRNakZlZ3V4V0pFaGFtb0V1aFMxUDJGd0ZtLWloUk5aNEZxVl92SDItbTNhc3hSM05NRDFwVzBqd1VvTGRaZDBsWndEOHhhaE1pelE1VzYxbEhhZUZuekY1UlA2ZkllYjQ1WGZHSDR5bEg4WUxtMnUwdHFWNE5Ob0dsR3VldERvaVR6QTZsWFVGc1I1MHZ4U2VsbW1RdDFUREdTYng0c1FONUE3U0hHNE8ySDZZdm9qTHYwTk4xVzVQZFprQ0xxUWdBbHE2V2Z5cVV4OA?oc=5) · ACCESS Newswire
- 2025-07-31 [New bank enters Pierce County market with building purchase, financial center - Tacoma News Tribune](https://news.google.com/rss/articles/CBMidEFVX3lxTE9MTTZMTE9YbHpabmU5c2htbnRrdFQybjNTLXNLRnhQbzJ2WW5hZDZqMTh1UGhVeFJsWWJSV0o3MW8ya3YwMDRaNWpkcnl1MVRRT2I0ZkN5NDJHenM3aUtKeUZJVFBqZndScHlUV3RZMHhlYWRf0gF0QVVfeXFMT0poUm53dFluM0VHYlV6SnFKTnRuYXctVDJxaUx4US1WTDNid0xVeFlxYnp3NFNtbFRIWjgteUtyMXVBRFUyVDJVS2RSaTJlVkFBcWo3cUxjNzVSSGJrSjRMQTh0THdnZVFvaDRBVXdKajdVQTc?oc=5) · Tacoma News Tribune
- 2026-03-03 [Local bank branch’s team is leading the most important Relay race - Gig Harbor Now](https://news.google.com/rss/articles/CBMi8wFBVV95cUxPUkZhMXF0U1RGSlJyUXU5dllnUmtLeml3N1R0Z0pjOHA3Q0VlSXZNQXR6WGFKdkxhS0RDYmRod0FtcEZkMkR2cFFzcFVNQXNtclNPMy05REdSQVVrRTJyT0IwOU5KOFBkLVhiTlVHWFRuMzBQLUkwS2h3bk9KQkYzcHkzWXJtTlRyWWsxQlQtWTJBTDE2RVo3YUJHNUY5ajJ1VHpoNkEzXzE5NkJueFZkNV85VTRXb3RwTmcxSkJ6VkFLSGNPN2tXVDRLZGpHZ2VhbDk4ZjNfYU9HUjJRU09lZ0dtTWthRE9vclJmREpfc3JwSHc?oc=5) · Gig Harbor Now
- 2023-07-18 [BECU to open Gig Harbor location in 2024; Commencement Bank coming sooner - Gig Harbor Now](https://news.google.com/rss/articles/CBMijAFBVV95cUxQdUczZXp2RzltTUE0OXJwdnBtWEtueW5keFVOTW1fUGY2QWFodkhMSC0wN0NOR1I5MjQzTmQtVU9SV2U0dHl4M01WenVFZWgtaUlEaUo3U1ZtX0g0THFoNUVZSWNuTTlGZVl6MmR6ZC11REtFWGM0X091N2ZmMjV3VG03Qy1JdlczVDBnWg?oc=5) · Gig Harbor Now
- 2023-01-23 [Commencement Bank (CBWA) Announces New Commercial Banking Team in Tacoma, Washington - Yahoo Finance](https://news.google.com/rss/articles/CBMikwFBVV95cUxNYkxsYlhObGxMT0kyNG01NFYtc0g4VEFPZHlQM1VFbUVON0I5UEhpWU9hR3VLUXpSeGpPNkNya0xSallLUDhIMVpCbXlDV2xlYVpOckI2S0g5SjJFTlRsWDRkczVFOGtuYkZyYjFZSGgwajBocVFreWphWFBLdFF1QVpLN1RvZmZydVBIRjJBNVUxazg?oc=5) · Yahoo Finance

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=58446 (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/14.json (key "58446", 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.

---
Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide