RedactedNarrative: The operator had his vessel anchored from the bow while there were three occupants fishing from the stern. While fishing they started taking on water over the stern causing it to lower into the water. As more water flowed into the vessel it started to sink. The operator ask that the anchor line be cut, one of the occupants did so. The operator tried to get the vessel up to speed to drain some of the water, but the engine stalled out due to the excessive water. The occupants put on their PFD's as the vessel continued to sink. They were picked up by a nearby vessel. 
  
  The vessel was salvaged, and determined that the bilge pumps were not functioning to remove the excess water. The vessel was a total loss.