Commencement Bank
Tacoma, WA
IDRSSD: 3537897
Total Assets
$683.06M
Latest filing
Total Deposits
$610.36M
Latest filing
Net Interest Margin
4.41%
Profitability
Key People
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Locations
Main office and branches. Select to view on the map.
Main Office
Commencement Bank
1313 Broadway, Suite 400
Tacoma, WA 98402
Full Service - Brick and Mortar
Updated 01/30/2026Established 12/11/2006FDIC Certificate 451921
Branches (5)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| Commencement Bank (Main) | 1313 Broadway, Suite 400 | Tacoma, WA |
| OLYMPIA BRANCH | 600 Franklin St Se | Olympia, WA |
| ENUMCLAW BRANCH | 1240 Myrtle Ave | Enumclaw, WA |
| AUBURN BRANCH | 220 15th St Ne | Auburn, WA |
| TACOMA MOBILE BRANCH | 1313 Broadway, Suite 400 | Tacoma, WA |
| GIG HARBOR BRANCH | 7804 Pioneer Way | Gig Harbor, WA |
Showing 5 of 5
Quarterly Trends
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Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
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Institution Profile
| Institution Class | Commercial bank, state charter, Fed member, supervised by FRB |
| Primary Regulator | FED |
| Established Date | 12/11/2006 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 98402 |
| State and County Number | 53053 |
| Subchapter S Corporations | No |
| Trust Powers | N/A |
| Federal Reserve ID Number | 12 |
| Numeric code | 13 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | San Francisco |
| Core Based Statistical Area Name | Seattle-Tacoma-Bellevue, WA |
Operational Info
| Number of Employees | 79 |
| Domestic Offices | 6 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 02/18/2025 |
| Date of Deposit Insurance | 12/11/2006 |
| Primary Insurance Agency | DIF |
| Website | www.commencementbank.com |
| Data Updated | 01/30/2026 |
| CERT | 58446 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $683.06M |
| Total Deposits | $610.36M |
| Total Liabilities | $623.09M |
| Total Equity Capital | $59.97M |
| Net Income | $2.04M |
| Net Loans and Leases | $518.06M |
| Assets Per Employee ($Millions) | $8.65M |
| Bank Premises and Fixed Assets | $13.31M |
| Cash and Balances due from Depository Institutions | $20.31M |
| Deposits Held in Domestic Offices | $610.36M |
Key Performance Ratios
| Return on Assets (ROA) | 1.2% |
| Return on Equity (ROE) | 13.88% |
| Net Interest Margin | 4.41% |
| Efficiency Ratio | 62.46% |
| Tier 1 Risk-Based Capital Ratio | 12.135% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.15% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 8.779% |
| Earning Assets to total Assets | 91.6% |
Income and Expense
| Total Interest Income | $9.15M |
| Total Noninterest Income | $524.00k |
| Total Interest Expense | $2.26M |
| Total Noninterest Expense | $4.63M |
| Net Interest Income | $6.89M |
| Pre-tax Net Operating Income | $2.53M |
| Provision for Credit Losses | $250.00k |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | — |
| Other Real Estate Owned | $0 |
| Other borrowed funds | $0 |
| Federal Funds Sold & Reverse Repurchase Agreement | $13.06M |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $12.73M |
| Total Liabilities and Capital | $683.06M |
Securities
| Securities | $82.84M |
| Available-for-sale debt securities | $82.84M |
| Equity securities with readily determinable fair values not held for trading | — |
| Held-to-maturity securities | $0 |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Commencement Bank?
$683.06M as of the latest filing.
How much are Commencement Bank's total deposits?
$610.36M in total deposits.
Where is Commencement Bank located?
Tacoma, WA.
What is the Net Interest Margin?
4.41%.
How many domestic offices does it operate?
6.
When was it established?
12/11/2006.
What is the Return on Assets (ROA)?
1.2%.
How much are total loans and leases?
$518.06M (latest filing).
What is the total interest income (latest filing)?
$9.15M.