Pacific Continental Bank (merged into Columbia State Bank)
Pacific Continental Bank reported total assets of $2.5 bn at Q3 2017, its last Call Report before it merged into Columbia State Bank. The CET1 capital ratio at Pacific Continental Bank was 12.32%, and the uninsured share of Pacific Continental Bank was 50.73%. Source: FDIC Call Reports.
Key takeaways
- Since , Pacific Continental Bank has taken over one institution; the latest was Foundation Bank on (FDIC Call Reports).
What sets Pacific Continental Bank apart
How large is Pacific Continental Bank?
The balance sheet of Pacific Continental Bank at : assets $2.5 bn, deposits $2.1 bn, net loans $1.9 bn (loans equal to 88.57% of deposits). Securities make up 17.8% of total assets at Pacific Continental Bank. Since , when Pacific Continental Bank held $2.0 bn, its assets grew 29.4%. In the year to , deposits at Pacific Continental Bank fell 3.4% while its total assets rose 0.4%. At , Pacific Continental Bank employed 339 full-time equivalent staff across 15 offices, about $7.5 mn of assets per employee and $140.0 mn of deposits per office.
How much funding at Pacific Continental Bank is uninsured?
At Pacific Continental Bank, uninsured deposits (above the FDIC limit) made up 50.73% of domestic deposits at (+0.71 pp on a year earlier). In dollars, Pacific Continental Bank estimated $1.1 bn of uninsured deposits.
Key facts, Q3 2017
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $2.1 bn | $2.2 bn (Q3 2016) | |
| Net loans and leases | $1.9 bn | $1.8 bn (Q3 2016) | |
| Loan-to-deposit ratio | 88.57% | 82.19% (Q3 2016) | |
| Tier 1 leverage ratio | 10.72% | 11.26% (Q3 2016) | |
| Total risk-based capital ratio | 13.42% | 11.90% (Q3 2016) | |
| Net interest margin | 4.21% | 4.06% (Q3 2016) | |
| Return on assets (ROA) | 1.27% | 0.88% (Q3 2016) | |
| Efficiency ratio | 50.46% | 61.83% (Q3 2016) | |
| Unrealized gain/loss on available-for-sale securities | Loss of $1.1 mn | Turned from a gain into a loss | |
| Noncurrent loans to total loans | 0.58% | 0.67% (Q3 2016) | |
| Net charge-offs to average loans | 0.20% | 0.03% (Q3 2016) |
US rank of Pacific Continental Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
Pacific Continental Bank: assets, deposits and loans
- Total assets $2.5bn
- Deposits $2.1bn
- Net loans $1.9bn
Capital and securities
The CET1 ratio of Pacific Continental Bank stood at 12.32% in , +1.40 pp year on year. Low and high at Pacific Continental Bank since : 10.46% () to 12.32% (). Equity capital of Pacific Continental Bank at : $331.0 mn, or 13.0% of total assets. Pacific Continental Bank also reported a total capital ratio of 13.42% for , and a tier 1 leverage ratio of 10.72%.
The available-for-sale portfolio of Pacific Continental Bank showed an unrealized loss of $1.1 mn at ; the loss turned from a gain into a loss over the year.
Pacific Continental Bank: capital ratios
- Total capital 13%
- CET1 12%
- Tier 1 leverage 11%
Pacific Continental Bank: unrealized securities gains and losses
- Available for sale -$1mn
- Held to maturity $0
Profitability and loan quality
For the year to , Pacific Continental Bank earned a return on equity of 10.26%; return on assets: 1.27%. Net interest margin at Pacific Continental Bank: 4.21%, +0.15 pp in a year. Pacific Continental Bank net income: $24.5 mn, up 76.3% year on year. The efficiency ratio of Pacific Continental Bank was 50.46%: about 50 cents cost per revenue dollar, against 57 cents at the median peer.
At , noncurrent loans were 0.58% of total loans at Pacific Continental Bank; net charge-offs: 0.20% of average loans. Gross loans and leases at Pacific Continental Bank: $1.9 bn at , against $1.8 bn at .
Pacific Continental Bank: profitability
- Return on equity 10%
- Net interest margin 4.2%
- Return on assets 1.3%
Peer group of Pacific Continental Bank
The peer group of Pacific Continental Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 1 shares the charter type of Pacific Continental Bank (state nonmember bank) and 0 have head offices in Oregon. Against them, Pacific Continental Bank shows CET1 ratio 12.32% against a peer median of 12.00%, return on equity 10.26% against a peer median of 9.34% and uninsured deposit share 50.73% against a peer median of 42.75%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| National Bank of Commerce | National bank | AL | $2.5 bn | 11.79% | 8.60% | 44.82% | |
| Southern Bank and Trust Company | State nonmember bank | NC | $2.5 bn | 12.21% | 10.58% | 40.68% | |
| Blue Hills Bank | State-chartered stock savings bank | MA | $2.5 bn | 15.98% | 6.85% | 36.47% | |
| Pacific Continental Bank | State nonmember bank | OR | $2.5 bn | 12.32% | 10.26% | 50.73% | |
| Southwest Bank | State member bank | TX | $2.5 bn | 11.17% | 8.25% | 60.17% | |
| Belmont Savings Bank | State-chartered stock savings bank | MA | $2.5 bn | 10.29% | 10.08% | 50.19% | |
| Principal Bank | Federal savings bank | IA | $2.5 bn | 13.44% | 17.60% | 3.32% | |
. FDIC Call Reports.
Last eight quarters
Two years at Pacific Continental Bank, to : assets $2.0 bn to $2.5 bn, deposits $1.7 bn to $2.1 bn, equity $231.8 mn to $331.0 mn.
| Metric | Q1 2016 | Q2 2016 | Q3 2016 | Q4 2016 | Q1 2017 | Q2 2017 | Q3 2017 |
|---|---|---|---|---|---|---|---|
| Total assets | $2.0 bn | $2.0 bn | $2.5 bn | $2.5 bn | $2.6 bn | $2.6 bn | $2.5 bn |
| Total deposits | $1.7 bn | $1.6 bn | $2.2 bn | $2.2 bn | $2.1 bn | $2.1 bn | $2.1 bn |
| Bank equity capital | $231.8 mn | $233.4 mn | $306.0 mn | $306.3 mn | $314.4 mn | $322.3 mn | $331.0 mn |
| CET1 ratio | 11.30% | 10.46% | 10.92% | 11.14% | 11.26% | 11.56% | 12.32% |
| Return on equity (ROE) | 9.82% | 7.28% | 7.44% | 8.26% | 9.38% | 9.63% | 10.26% |
| Uninsured share of domestic deposits | 52.38% | 50.14% | 50.02% | 51.36% | 48.88% | 49.58% | 50.73% |
| Full-time equivalent employees | 339 | 333 | 456 | 374 | 377 | 351 | 339 |
| Number of offices | 15 | 15 | 16 | 16 | 16 | 15 | 15 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of Pacific Continental Bank, oldest first; figures before and after each event are not like for like.
- . Absorbed Foundation Bank (FDIC certificate 35566).
- . Merged into Columbia State Bank (FDIC certificate 33826).
Questions and identifiers
What were the total assets of Pacific Continental Bank?
Pacific Continental Bank reported $2.5 bn at in its Call Report.
Is Pacific Continental Bank the same as its holding company?
No. This page covers Pacific Continental Bank, FDIC certificate 20774; PACIFIC CONTINENTAL CORP (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Pacific Continental Bank profitable?
Pacific Continental Bank reported net income of $24.5 mn for the year to ; annualized return on equity: 10.26%. So yes: Pacific Continental Bank made a profit over these months.
When is data for Pacific Continental Bank next updated?
Pacific Continental Bank no longer files Call Reports; its data ends at .
Where can I check the figures for Pacific Continental Bank?
In the FDIC BankFind Suite record for certificate 20774, and in the Call Reports of Pacific Continental Bank (RSSD ID 693662) at the FFIEC Central Data Repository.