Commencement Bank
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Data as of · sourced from FFIEC call reports. How we update
Commencement Bank is an FDIC-insured commercial bank headquartered in Tacoma, WA, established in 2006 (FDIC certificate 58446), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $739.6M, up 8.5% from Q2 2025, the 17th largest of 29 banks headquartered in Washington. Its CET1 capital ratio was 12.95% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 58446
- Headquarters
- Tacoma, WA
- Established
- 2006
- Total assets, Q2 2026
- $739.6M
- Assets vs Q2 2025
- +8.5%
- CET1 ratio, Q2 2026
- 12.95%
- Domestic offices
- 6 FDIC institution directory, current count
- Routing number
- 125108887
- Latest call report
- Q2 2026, FFIEC 051 · Commencement Bank call report
- Holding company
- COMMENCEMENT BANCORP, INC.
- Asset rank in state
- 17th of 29 in Washington
Commencement Bank leans heavily on commercial real estate. Its balance sheet stood at $740 million at June 30, 2026, up 8.5% from a year earlier; it is based in Tacoma, Washington. It holds commercial real estate loans worth 2.5 times its capital, about double the median of 1.2 times for the 2,660 banks with $100 million to $1 billion in assets. It also grew deposits 10.0% over the year, 2.5 times the median of 4.0% for banks its size.
Net income for the quarter rose 24% from a year earlier, to $1.8 million. Paper losses on its bond portfolio are shrinking: unrealized losses of $12 million equal 15% of Tier 1 capital, down from 21% a year earlier.
As of June 30, 2026, Commencement Bank reported a CET1 capital ratio of 12.95%, a return on assets of 1.01%, a nonperforming-loan ratio of 0.09% and a Texas ratio of 0.67%. The figures come from its call report filed with the FFIEC.
Commencement Bank ranks as the 17th largest of the 29 banks based in Washington, by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets rose 6.1% to $739.6M, loans rose 3.1% and deposits rose 5.9%. Its loan book on June 30, 2026 was led by non-owner-occupied commercial real estate loans, at 25.0% of total loans, followed by commercial and industrial loans at 22.5%. Its 6 offices in the FDIC Summary of Deposits are in 5 cities in WA; its Tacoma 2 offices book 43% of its branch deposits. Judged on its Q2 2026 call report, Commencement Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 1313 Broadway, Suite 400, Tacoma, WA 98402
- County
- Pierce
- Metro Area
- Seattle-Tacoma-Bellevue, WA
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- San Francisco (Region 14)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 12, San Francisco
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- December 11, 2006
- Domestic offices
- 6 FDIC institution directory, current count
- Employees (FTE)
- 83
- Domestic deposits
- $660.2M
- Allowance for credit losses
- $6.5M
- Net charge-offs (YTD)
- $130K
- Average total assets
- $729.9M
- Average total loans
- $546.7M
- Average interest-bearing deposits
- $455.0M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- December 11, 2006
- FDIC Cert
- 58446
- Fed RSSD
- 3537897
- SEC CIK
- 2139373 → filed by COMMENCEMENT BANCORP, INC.
- Website
- www.commencementbank.com →
- Parent Holding Company
- COMMENCEMENT BANCORP, INC. (RSSD 5458745)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Commencement Bank's total assets moved between a low of $578.6M (Q3 2023) and a high of $739.6M (Q2 2026) from Q3 2023 to Q2 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$739.6M total assets against $681.5M; $672.5M total liabilities against $627.2M.
$550.0M net loans and leases against $505.8M; $660.2M total deposits against $599.9M.
$74.0M securities against $87.6M; $72.9M cash and balances due against $45.9M.
$9.3M total interest income against $8.4M; $2.2M total interest expense against $2.3M.
$7.1M net interest income against $6.1M.
$444K total noninterest income against $577K; $5.1M total noninterest expense against $4.5M.
$261K provision for credit losses against $345K.
$1.8M net income against $1.5M.
1.01% return on assets against 0.89%; 4.21% net interest margin against 3.89%.
12.95% CET1 capital ratio against 11.66%; 10.30% tier 1 leverage ratio against 9.56%.
Inside the full Commencement Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
Commencement Bank rankings
Its closest position to the top of a national ranking is 1,312 of 4,196, for total assets; its furthest is 2,870 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.31% (Q4 2024) to 1.14% (Q4 2025) and its net interest margin ran from 3.30% (Q3 2024) to 4.21% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.95% | 1.01% | 0.09% | 0.67% | 4.21% |
| Q1 2026 | 12.36% | 0.93% | 0.09% | 0.73% | 4.08% |
| Q4 2025 | 12.14% | 1.14% | 0.25% | 1.98% | 4.13% |
| Q3 2025 | 12.01% | 1.06% | 0.00% | 0.00% | 4.14% |
| Q2 2025 | 11.66% | 0.89% | 0.00% | 0.00% | 3.89% |
| Q1 2025 | 12.32% | 0.82% | 0.02% | 0.17% | 3.79% |
| Q4 2024 | 12.50% | 0.31% | 0.00% | 0.00% | 3.66% |
| Q3 2024 | 12.17% | 0.62% | 0.01% | 0.00% | 3.30% |
Swipe the table sideways to see every column.
Branch Network
View all 6 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Commencement Bank (main office) | Tacoma , WA | 98402 | $281.2M |
| Olympia Branch | Olympia , WA | 98501 | $199.5M |
| Auburn Branch | Auburn , WA | 98002 | $73.6M |
| Gig Harbor Branch | Gig Harbor , WA | 98335 | $58.5M |
| Enumclaw Branch | Enumclaw , WA | 98022 | $47.3M |
| Tacoma Mobile Branch | Tacoma , WA | 98402 | $0 |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| November 1, 2016 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| November 1, 2016 | Structure Change | Acquired Thurston First Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.3% of deposits in WA, rank 33 of 61 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $3.6M approved, $3.6M average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Commencement Bank
What are Commencement Bank's total assets?
As of the Q2 2026 filing, Commencement Bank reported total assets of $739.6 million in its FFIEC call report.
Where is Commencement Bank headquartered?
It is headquartered in Tacoma, WA, United States.
When was Commencement Bank founded?
It was established in 2006, per the FDIC institution directory.
Is Commencement Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #58446). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Commencement Bank?
Commencement Bank's primary federal regulator is the Federal Reserve.
What is Commencement Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 12.95% in its Q2 2026 call report, above regulatory requirements.
How many branches does Commencement Bank operate?
It operates 6 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Commencement Bank's Texas Ratio?
Its Texas Ratio is 0.67% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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