Commencement Bank
Tacoma, Washington, Pierce County
$740M in total assets, the 1,348th largest of 4,309 US banks and 18th of 29 headquartered in Washington.
- FDIC certificate
- 58446
- Established
- 2006
- Owned by
- Commencement Bcorp Inc
- Primary regulator
- FED
- Website
- www.commencementbank.com
At a glance
Compared with 9 banks headquartered in Washington with $100 million to $1 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $740M | 78% | $318M | |
| Loans | $557M | 78% | $243M | |
| Deposits | $660M | 78% | $275M | |
| Return on assets | 1.06% | 78% | 0.62% | |
| Net interest margin | 4.28% | 67% | 3.69% | |
| Efficiency ratio | 68.5% | 33% | 84.8% | |
| Equity to assets | 9.08% | 44% | 9.60% | |
| Loans to deposits | 84% | 33% | 94% |
Growth
Total assets grew 5.7% a year over the last 5 years and 14.6% a year over 10 years, including 1 acquisition in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Nov 2016 | Thurston First Bank Olympia, WA | $133M |
Where they operate
6 branches in 3 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Pierce County, WA | $340M | 1.8% | 9 of 22 |
| Thurston County, WA | $200M | 3.7% | 10 of 15 |
| King County, WA | $121M | 0.1% | 27 of 38 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 5 branches since 2016 (1 to 6, +500.0%). 4 opened, 1 acquired, 0 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 1 | |||
| 2016 | Acquired Thurston First BankOpened Enumclaw | 2 | 0 | +2 | 3 |
| 2020 | Opened Auburn | 1 | 0 | +1 | 4 |
| 2023 | Opened Gig Harbor and Tacoma | 2 | 0 | +2 | 6 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 46% | 33% | |
| Business (C&I) | 23% | 11% | |
| 1-4 family residential | 15% | 28% | |
| Multifamily | 7% | 11% | |
| Construction and land | 4% | 8% | |
| Consumer | 1% | 6% | |
| Farmland | 0% | 1% | |
| Other | 4% | 1% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 61% | 37% | |
| Noninterest-bearing | 30% | 27% | |
| Time deposits | 9% | 36% |
Brokered deposits are 0.0% of deposits (peers 11.5%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.09% | 0.42% |
| Net charge-offs, annualized | 0.05% | -0.00% |
| Reserves to loans | 1.18% | 1.15% |
| Leverage ratio | 10.30% | 9.57% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Washington
Largest competitors in Pierce County, WA
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/commencement