FDIC Certificate #: 34959 Status: Inactive Closing history: Corrections Acquiring institution:Umpqua Bank (#17266) Federal Reserve ID: 2769383 Date Established: Febuary 08, 1999 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) FDIC's unique #: 62133 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: Febuary 08, 1999 Last Structure Change Effective Date: January 16, 2009 Last Structure Change Process Date: January 21, 2009 Last Data Update: January 21, 2009 Data Source Date: April 05, 2012
Location
Address: 1400 Washington Street, Suite 200, Vancouver, WA 98660 County: Clark 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 Metropolitan Statistical Area (MSA): Portland-Vancouver, OR-WA (#6440) Consolidated Metropolitan Statistical Area (CMSA): Portland-Salem, OR-WA (#79) Core Based Statistical Area (CBSA): Portland-Vancouver-Hillsboro, OR-WA (#38900) CBSA Metro Statistical Area: Portland-Vancouver-Hillsboro, OR-WA (#38900)
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $441.1 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2008)
Dollar figures in thousands
93Total employees (full-time equivalent)
$441,085Total assets
$20,309Cash and due from depository institutions
$7,556Interest-bearing balances
$4,178Securities
$0Federal funds sold & reverse repurchase agreements
$394,723Net loans & leases
$8,324Loan loss allowance
$0Trading account assets
$1,546Bank premises and fixed assets
$9,522Other real estate owned
$0Goodwill and other intangibles
$84Life insurance assets
$10,807All other assets
$441,085Total liabilities and capital
$421,754Total liabilities
$377,506Total deposits
$338,146Interest-bearing deposits
$377,506Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$42,239Other borrowed funds
$0Subordinated debt
$2,009All other liabilities
$19,331Total equity capital
$19,331Total bank equity capital
$19,331Perpetual preferred stock
$0Common stock
$1,310Surplus
$34,599Undivided profits
Memoranda
$-16,578Noncurrent loans and leases
$59,846Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$55,375Earning assets
$0Long-term assets (5+ years)
$1,552Average Assets, year-to-date
$406,457Average Assets, quarterly
$17,242Volatile liabilities
$437,880Insider loans
$452,948FHLB advances
$108,783Loans and leases held for sale
$4,813Unused loan commitments
$42,239Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$59,846Total unused commitments
$0Restructured Loans and leases
$5,442Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$27,821Total interest income
$13,120Total interest expense
$14,701Net interest income
$30,268Provision for loan and lease losses
$781Total noninterest income
$0Fiduciary activities
$235Service charges on deposit accounts
$0Trading account gains & fees
$546Additional noninterest income
$12,635Total noninterest expense
$6,675Salaries and employee benefits
$1,103Premises and equipment expense
$4,857Additional noninterest expense
-$27,421Pre-tax net operating income
$4Securities gains (losses)
-$3,391Applicable income taxes
-$24,026Income before extraordinary items
$0Extraordinary gains - net
-$24,026Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$26,709Sale, conversion, retirement of capital stock, net
$924Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.66%Yield on earning assets
3.14%Cost of funding earning assets
3.52%Net interest margin
0.19%Noninterest income to earning assets
3.03%Noninterest expense to earning assets
-5.49%Net operating income to assets
-5.49%Return on assets (ROA)
-6.26%Pretax return on assets
-63.76%Return on equity (ROE)
-66.21%Retained earnings to average equity (YTD only)
6.44%Net charge-offs to loans
113.33%Credit loss provision to net charge-offs
0.11%Efficiency ratio
81,611Assets per employee
4.74%Cash dividends to net income (YTD only)
Condition Ratios (%)
-3.85%Loss allowance to loans
2.07%Loss allowance to noncurrent loans
15.03%Noncurrent assets plus other real estate owned to assets
14.71%Noncurrent loans to loans
13.74%Net loans and leases to deposits
104.56%Net loans and leases to core deposits
131.31%Equity capital to assets
4.38%Core capital (leverage) ratio
4.16%Tier 1 risk-based capital ratio
4.46%Total risk-based capital ratio
Memoranda
$6Average assets
$437,880Average earning assets
$37,681Average equity
$417,454Average loans
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