FDIC Certificate #: 22782 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Valley of the Rogue Bank (#19823) Federal Reserve ID: 227263 Date Established: January 03, 1979 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 5 (Interstate: No) OTS Docket #: 10140 FDIC's unique #: 15909 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: January 03, 1979 Last Structure Change Effective Date: January 05, 1998 Last Structure Change Process Date: Febuary 20, 1998 Last Data Update: Febuary 20, 1998 Data Source Date: April 05, 2012
Location
Address: 117 Northeast F Street, Grants Pass, OR 97526 County: Josephine 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): Grants Pass, OR (#24420) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $112.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
50Total employees (full-time equivalent)
$112,283Total assets
$2,404Cash and due from depository institutions
$182Interest-bearing balances
$5,189Securities
$8,930Federal funds sold & reverse repurchase agreements
$92,560Net loans & leases
$1,898Loan loss allowance
$0Trading account assets
$1,816Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,384All other assets
$112,283Total liabilities and capital
$106,985Total liabilities
$104,406Total deposits
$96,075Interest-bearing deposits
$104,406Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$249Other borrowed funds
$0Subordinated debt
$2,330All other liabilities
$5,298Total equity capital
$5,298Total bank equity capital
$5,298Perpetual preferred stock
$1,502Common stock
$1,180Surplus
$3,402Undivided profits
Memoranda
$-786Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$342Earning assets
$0Long-term assets (5+ years)
$574Average Assets, year-to-date
$106,861Average Assets, quarterly
$2,806Volatile liabilities
$107,727Insider loans
$112,283FHLB advances
$9,159Loans and leases held for sale
$579Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$110Total risk weighted assets
$10,737Total unused commitments
$0Restructured Loans and leases
$84,051Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$9,801Total interest income
$4,205Total interest expense
$5,596Net interest income
$1,441Provision for loan and lease losses
$712Total noninterest income
$0Fiduciary activities
$365Service charges on deposit accounts
$0Trading account gains & fees
$347Additional noninterest income
$4,639Total noninterest expense
$1,612Salaries and employee benefits
$525Premises and equipment expense
$2,502Additional noninterest expense
$228Pre-tax net operating income
$0Securities gains (losses)
$1,028Applicable income taxes
-$800Income before extraordinary items
$0Extraordinary gains - net
-$800Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$73Sale, conversion, retirement of capital stock, net
$128Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.54%Yield on earning assets
4.09%Cost of funding earning assets
5.45%Net interest margin
0.69%Noninterest income to earning assets
4.52%Noninterest expense to earning assets
-0.74%Net operating income to assets
-0.74%Return on assets (ROA)
0.21%Pretax return on assets
-12.20%Return on equity (ROE)
-14.15%Retained earnings to average equity (YTD only)
0.08%Net charge-offs to loans
1973.97%Credit loss provision to net charge-offs
22.86%Efficiency ratio
73,542Assets per employee
2.25%Cash dividends to net income (YTD only)
Condition Ratios (%)
-16.00%Loss allowance to loans
2.01%Loss allowance to noncurrent loans
554.97%Noncurrent assets plus other real estate owned to assets
0.30%Noncurrent loans to loans
0.36%Net loans and leases to deposits
88.65%Net loans and leases to core deposits
97.18%Equity capital to assets
4.72%Core capital (leverage) ratio
4.67%Tier 1 risk-based capital ratio
6.30%Total risk-based capital ratio
Memoranda
$8Average assets
$107,727Average earning assets
$6,557Average equity
$102,704Average loans
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