FDIC Certificate #: 19877 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Columbia State Bank (#33826) Federal Reserve ID: 138163 Date Established: December 23, 1968 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 5 (Interstate: No) OTS Docket #: 10485 FDIC's unique #: 13664 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: December 23, 1968 Last Structure Change Effective Date: April 01, 2008 Last Structure Change Process Date: April 23, 2008 Last Data Update: April 23, 2008 Data Source Date: April 05, 2012
Location
Address: 1122 Duane Street, Astoria, OR 97103 County: Clatsop Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: Portland Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: West Core Based Statistical Area (CBSA): Astoria, OR (#11820) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $221.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2007)
Dollar figures in thousands
73Total employees (full-time equivalent)
$219,774Total assets
$7,188Cash and due from depository institutions
$599Interest-bearing balances
$26,066Securities
$0Federal funds sold & reverse repurchase agreements
$144,085Net loans & leases
$1,902Loan loss allowance
$0Trading account assets
$3,688Bank premises and fixed assets
$0Other real estate owned
$32,277Goodwill and other intangibles
$2,863Life insurance assets
$6,470All other assets
$219,774Total liabilities and capital
$169,173Total liabilities
$161,287Total deposits
$130,913Interest-bearing deposits
$161,287Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$6,670Other borrowed funds
$0Subordinated debt
$1,216All other liabilities
$50,601Total equity capital
$50,601Total bank equity capital
$50,601Perpetual preferred stock
$0Common stock
$2,952Surplus
$37,907Undivided profits
Memoranda
$9,742Noncurrent loans and leases
$47,658Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,362Earning assets
$0Long-term assets (5+ years)
$863Average Assets, year-to-date
$170,750Average Assets, quarterly
$61,325Volatile liabilities
$222,468Insider loans
$222,772FHLB advances
$27,014Loans and leases held for sale
$2,183Unused loan commitments
$6,670Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$47,658Total unused commitments
$0Restructured Loans and leases
$1,902Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$13,158Total interest income
$4,056Total interest expense
$9,102Net interest income
$75Provision for loan and lease losses
$1,375Total noninterest income
$0Fiduciary activities
$668Service charges on deposit accounts
$0Trading account gains & fees
$707Additional noninterest income
$6,273Total noninterest expense
$3,325Salaries and employee benefits
$814Premises and equipment expense
$2,134Additional noninterest expense
$4,129Pre-tax net operating income
$0Securities gains (losses)
$1,186Applicable income taxes
$2,943Income before extraordinary items
$0Extraordinary gains - net
$2,943Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$241Sale, conversion, retirement of capital stock, net
$1,475Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.61%Yield on earning assets
2.35%Cost of funding earning assets
5.27%Net interest margin
0.80%Noninterest income to earning assets
3.63%Noninterest expense to earning assets
1.32%Net operating income to assets
1.32%Return on assets (ROA)
1.86%Pretax return on assets
5.98%Return on equity (ROE)
2.98%Retained earnings to average equity (YTD only)
-0.17%Net charge-offs to loans
-31.12%Credit loss provision to net charge-offs
0.00%Efficiency ratio
56,218Assets per employee
3.01%Cash dividends to net income (YTD only)
Condition Ratios (%)
50.12%Loss allowance to loans
1.30%Loss allowance to noncurrent loans
80.52%Noncurrent assets plus other real estate owned to assets
1.07%Noncurrent loans to loans
1.62%Net loans and leases to deposits
89.33%Net loans and leases to core deposits
102.23%Equity capital to assets
23.02%Core capital (leverage) ratio
9.50%Tier 1 risk-based capital ratio
11.42%Total risk-based capital ratio
Memoranda
$13Average assets
$222,468Average earning assets
$49,221Average equity
$172,862Average loans
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