FDIC Certificate #: 33313 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Frontier Bank (#22710) Federal Reserve ID: 1841536 Date Established: Febuary 19, 1991 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) OTS Docket #: 10610 FDIC's unique #: 46862 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 19, 1991 Last Structure Change Effective Date: December 01, 2007 Last Structure Change Process Date: December 05, 2007 Last Data Update: December 05, 2007 Data Source Date: April 05, 2012
Location
Address: 1995 Commercial Street Southeast, Salem, OR 97302 County: Marion 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): Salem, OR (#7080) Consolidated Metropolitan Statistical Area (CMSA): Portland-Salem, OR-WA (#79) Core Based Statistical Area (CBSA): Salem, OR (#41420) CBSA Metro Statistical Area: Salem, OR (#41420)
Financial Summary
Total assets: $210.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2006)
Dollar figures in thousands
24Total employees (full-time equivalent)
$205,018Total assets
$4,851Cash and due from depository institutions
$3,067Interest-bearing balances
$8,554Securities
$0Federal funds sold & reverse repurchase agreements
$184,716Net loans & leases
$3,000Loan loss allowance
$0Trading account assets
$2,183Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$598Life insurance assets
$4,714All other assets
$205,018Total liabilities and capital
$180,070Total liabilities
$178,791Total deposits
$170,893Interest-bearing deposits
$178,791Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,279All other liabilities
$24,948Total equity capital
$24,948Total bank equity capital
$24,948Perpetual preferred stock
$0Common stock
$4,069Surplus
$15,612Undivided profits
Memoranda
$5,267Noncurrent loans and leases
$44,742Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$35Earning assets
$0Long-term assets (5+ years)
$1,080Average Assets, year-to-date
$196,337Average Assets, quarterly
$42,608Volatile liabilities
$189,293Insider loans
$202,999FHLB advances
$45,371Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$44,742Total unused commitments
$0Restructured Loans and leases
$2,396Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$17,036Total interest income
$6,553Total interest expense
$10,483Net interest income
$653Provision for loan and lease losses
$215Total noninterest income
$0Fiduciary activities
$14Service charges on deposit accounts
$0Trading account gains & fees
$201Additional noninterest income
$2,472Total noninterest expense
$1,758Salaries and employee benefits
$179Premises and equipment expense
$535Additional noninterest expense
$7,573Pre-tax net operating income
$0Securities gains (losses)
$2,889Applicable income taxes
$4,684Income before extraordinary items
$0Extraordinary gains - net
$4,684Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$814Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.41%Yield on earning assets
3.62%Cost of funding earning assets
5.79%Net interest margin
0.12%Noninterest income to earning assets
1.37%Noninterest expense to earning assets
2.47%Net operating income to assets
2.47%Return on assets (ROA)
4.00%Pretax return on assets
20.25%Return on equity (ROE)
16.73%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
23,107Assets per employee
8.54%Cash dividends to net income (YTD only)
Condition Ratios (%)
17.38%Loss allowance to loans
1.60%Loss allowance to noncurrent loans
8571.43%Noncurrent assets plus other real estate owned to assets
0.02%Noncurrent loans to loans
0.02%Net loans and leases to deposits
103.31%Net loans and leases to core deposits
138.45%Equity capital to assets
12.17%Core capital (leverage) ratio
12.19%Tier 1 risk-based capital ratio
12.47%Total risk-based capital ratio
Memoranda
$14Average assets
$189,293Average earning assets
$23,131Average equity
$181,073Average loans
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