Pacwest Bancorp’s Deposit Breakdown (2016-2023)

This statistic highlights Pacwest Bancorp’s Deposit Breakdown, split between interest-bearing and non-interest-bearing deposits, reported quarterly from 2022 Q3 onwards.

Pacwest Bancorp’s Deposit Breakdown

The major part of Deposits includes interest-bearing as well as non-interest-bearing deposits are as follows:

Note: Above contribution is related to 2023 Q1.

Interest-bearing deposit contributes 75.00% approx., and non-interest-bearing deposit contributes 25.00% approx. On December 31, 2022, Q3, total deposits consists of $26.6 billion in core deposits, $4.7 billion in time deposits, and $2.6 billion in wholesale non-maturity deposits. Core deposits represented 78% of total deposits in 2022 Q3. It comprised $11.2 billion in noninterest-bearing deposits, $7.8 billion in money market accounts, $7.0 billion in interest-bearing checking accounts, and $577.6 million in savings accounts and the deposit diversified by client type. As of 2022 Q3, no individual depositor represented more than 1.5% of total deposits. Additionally, it has the top ten depositors representing 9.1% of the total deposits.

If we are discussing 2023 Q1, interest-bearing deposits are lower than in 2022 Q3 and 2022 Q4. Non-interest-bearing deposits are lower in 2023 Q1 than in 2022 Q3 and Q4.

Interest Bearing Deposit

Interest-bearing deposits, such as savings accounts or certificates of deposit (CDs), are financial products offered by banks to individuals and businesses. These accounts allow customers to deposit funds and earn interest on their balances over time. The interest rates offered on these accounts can vary based on various factors, including market conditions, the type of account, the amount deposited, and the duration of the deposit. Generally, savings accounts tend to offer lower interest rates compared to CDs, which typically have fixed interest rates for a specified term.

Non-interest Bearing Deposit

A non-interest-bearing deposit is a deposit account where the funds deposited do not earn any interest. The purpose of such accounts is to provide a safe place for customers to store their funds while maintaining liquidity. It is common for banks to offer non-interest-bearing deposit accounts alongside their interest-bearing accounts. Non-interest-bearing deposit accounts typically do not earn any interest on the deposited funds. However, they may offer other benefits, such as convenient access to funds through various channels like ATMs, online banking, and check-writing capabilities.

About Pacwest Bancorp

PacWest is a holding company headquartered in Los Angeles, California, with an executive office in Denver, Colorado, with one wholly-owned banking subsidiary, Pacific Western Bank (the “Bank”). Pacific Western Bank is the wholly owned subsidiary of PacWest Bancorp. As per recent data from December 31, 2022, PACW had ATMs at 52 of its branches located in California. PACW is a member of the MoneyPass network that enables its customers to withdraw cash surcharge-free and service charge free at over 40,000 ATM locations across the country.

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