Benton County Bank in Corvallis, Oregon (OR)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 01, 1993

Benton County Bank in Corvallis, Oregon (OR)
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Benton County Bank - Overview

General
FDIC Certificate #: 22513
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Security Bank of Oregon (#22743)
Federal Reserve ID: 220460
Date Established: August 29, 1977
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 15701
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: August 29, 1977
Last Structure Change Effective Date: May 01, 1993
Last Structure Change Process Date: May 04, 1993
Last Data Update: May 04, 1993
Data Source Date: April 05, 2012
Location
Address: 200 S.W. Fourth Street, Corvallis, OR 97339
County: Benton
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): Corvallis, OR (#1890)
Combined Statistical Area (CSA): Albany-Corvallis-Lebanon, OR (#102)
Core Based Statistical Area (CBSA): Corvallis, OR (#18700)
CBSA Metro Statistical Area: Corvallis, OR (#18700)
Financial Summary
Total assets: $35.5 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$19Total assets
$35,324Cash and due from depository institutions
$1,987Interest-bearing balances
$0Securities
$12,093Federal funds sold & reverse repurchase agreements
$3,050Net loans & leases
$16,825Loan loss allowance
$175Trading account assets
$0Bank premises and fixed assets
$841Other real estate owned
$0Goodwill and other intangibles
$528Life insurance assets
$0All other assets
$0Total liabilities and capital
$35,324Total liabilities
$32,534Total deposits
$31,563Interest-bearing deposits
$25,533Deposits held in domestic offices
31563.00%% insured (estimated)
$93Federal funds purchased & repurchase agreements
$899Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$72Total equity capital
$72Total bank equity capital
$2,790Perpetual preferred stock
$0Common stock
$900Surplus
$1,500Undivided profits
Memoranda
$390Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$45Income earned, not collected on loans
$98Earning assets
$31,968Long-term assets (5+ years)
$4,470Average Assets, year-to-date
$32,488Average Assets, quarterly
$34,926Volatile liabilities
$2,642Insider loans
$89FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$2,092Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,790Total risk weighted assets
$18,508Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$2,462Total interest expense
$912Net interest income
$1,550Provision for loan and lease losses
$43Total noninterest income
$251Fiduciary activities
$0Service charges on deposit accounts
$203Trading account gains & fees
$0Additional noninterest income
$48Total noninterest expense
$1,310Salaries and employee benefits
$661Premises and equipment expense
$201Additional noninterest expense
$448Pre-tax net operating income
$448Securities gains (losses)
$21Applicable income taxes
$141Income before extraordinary items
$328Extraordinary gains - net
$0Net income attributable to bank
$328Net charge-offs
-$1Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.45%Cost of funding earning assets
3.13%Net interest margin
5.32%Noninterest income to earning assets
0.86%Noninterest expense to earning assets
4.50%Net operating income to assets
0.96%Return on assets (ROA)
1.01%Pretax return on assets
1.44%Return on equity (ROE)
12.45%Retained earnings to average equity (YTD only)
12.45%Net charge-offs to loans
-0.01%Credit loss provision to net charge-offs
-4300.00%Efficiency ratio
72,737Assets per employee
1.86%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.03%Loss allowance to noncurrent loans
388.89%Noncurrent assets plus other real estate owned to assets
0.13%Noncurrent loans to loans
0.26%Net loans and leases to deposits
53.31%Net loans and leases to core deposits
56.42%Equity capital to assets
7.90%Core capital (leverage) ratio
7.98%Tier 1 risk-based capital ratio
15.07%Total risk-based capital ratio
Memoranda
$16Average assets
$32,488Average earning assets
$2,634Average equity
$29,129Average loans

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