FDIC Certificate #: 27537 Status: Inactive Closing history: Consolidated - Without Assistance Acquiring institution:West Coast Bank (#2345) Federal Reserve ID: 1399224 Date Established: June 27, 1989 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) OTS Docket #: 9527 FDIC's unique #: 40270 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: June 27, 1989 Last Structure Change Effective Date: December 31, 1998 Last Structure Change Process Date: January 28, 1999 Last Data Update: January 28, 1999 Data Source Date: April 05, 2012
Location
Address: 801 Main Street, 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)
Financial Summary
Total assets: $146.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
42Total employees (full-time equivalent)
$129,809Total assets
$4,600Cash and due from depository institutions
$27Interest-bearing balances
$11,419Securities
$0Federal funds sold & reverse repurchase agreements
$110,536Net loans & leases
$1,640Loan loss allowance
$0Trading account assets
$816Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,438All other assets
$129,809Total liabilities and capital
$119,765Total liabilities
$111,527Total deposits
$96,345Interest-bearing deposits
$111,527Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$7,224Other borrowed funds
$0Subordinated debt
$1,014All other liabilities
$10,044Total equity capital
$10,044Total bank equity capital
$10,044Perpetual preferred stock
$0Common stock
$180Surplus
$4,398Undivided profits
Memoranda
$5,466Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$212Earning assets
$0Long-term assets (5+ years)
$550Average Assets, year-to-date
$121,982Average Assets, quarterly
$9,575Volatile liabilities
$118,180Insider loans
$126,373FHLB advances
$11,616Loans and leases held for sale
$1,489Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$25,354Total unused commitments
$0Restructured Loans and leases
$112,971Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$11,001Total interest income
$4,919Total interest expense
$6,082Net interest income
$370Provision for loan and lease losses
$606Total noninterest income
$0Fiduciary activities
$210Service charges on deposit accounts
$0Trading account gains & fees
$396Additional noninterest income
$3,143Total noninterest expense
$1,679Salaries and employee benefits
$517Premises and equipment expense
$947Additional noninterest expense
$3,175Pre-tax net operating income
$0Securities gains (losses)
$1,045Applicable income taxes
$2,130Income before extraordinary items
$0Extraordinary gains - net
$2,130Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$18Sale, conversion, retirement of capital stock, net
$472Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.87%Yield on earning assets
4.41%Cost of funding earning assets
5.46%Net interest margin
0.54%Noninterest income to earning assets
2.82%Noninterest expense to earning assets
1.80%Net operating income to assets
1.80%Return on assets (ROA)
2.69%Pretax return on assets
23.14%Return on equity (ROE)
18.01%Retained earnings to average equity (YTD only)
0.02%Net charge-offs to loans
2055.56%Credit loss provision to net charge-offs
196.94%Efficiency ratio
46,995Assets per employee
3.09%Cash dividends to net income (YTD only)
Condition Ratios (%)
22.16%Loss allowance to loans
1.46%Loss allowance to noncurrent loans
773.58%Noncurrent assets plus other real estate owned to assets
0.16%Noncurrent loans to loans
0.19%Net loans and leases to deposits
99.11%Net loans and leases to core deposits
108.23%Equity capital to assets
7.74%Core capital (leverage) ratio
8.01%Tier 1 risk-based capital ratio
8.87%Total risk-based capital ratio
Memoranda
$10Average assets
$118,180Average earning assets
$9,206Average equity
$111,424Average loans
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