FDIC Certificate #: 34131 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Bank of the Cascades (#22407) Federal Reserve ID: 2407537 Date Established: Febuary 14, 1996 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 56274 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: Febuary 14, 1996 Last Structure Change Effective Date: January 01, 2004 Last Structure Change Process Date: March 10, 2004 Last Data Update: March 10, 2004 Data Source Date: April 05, 2012
Location
Address: 1304 N.W. 6th 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: $47.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2003)
Dollar figures in thousands
15Total employees (full-time equivalent)
$47,418Total assets
$2,543Cash and due from depository institutions
$1Interest-bearing balances
$0Securities
$7,725Federal funds sold & reverse repurchase agreements
$35,557Net loans & leases
$352Loan loss allowance
$0Trading account assets
$1,335Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$258All other assets
$47,418Total liabilities and capital
$42,088Total liabilities
$41,955Total deposits
$33,611Interest-bearing deposits
$41,955Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$133All other liabilities
$5,330Total equity capital
$5,330Total bank equity capital
$5,330Perpetual preferred stock
$0Common stock
$618Surplus
$2,297Undivided profits
Memoranda
$2,415Noncurrent loans and leases
$2,693Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$85Earning assets
$0Long-term assets (5+ years)
$156Average Assets, year-to-date
$43,283Average Assets, quarterly
$15,705Volatile liabilities
$48,169Insider loans
$48,239FHLB advances
$7,705Loans and leases held for sale
$1,665Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,693Total unused commitments
$0Restructured Loans and leases
$352Derivatives
Income and Expense (December 31, 2003)
Dollar figures in thousands
$3,074Total interest income
$618Total interest expense
$2,456Net interest income
$242Provision for loan and lease losses
$448Total noninterest income
$0Fiduciary activities
$246Service charges on deposit accounts
$0Trading account gains & fees
$202Additional noninterest income
$1,929Total noninterest expense
$1,054Salaries and employee benefits
$113Premises and equipment expense
$762Additional noninterest expense
$733Pre-tax net operating income
$0Securities gains (losses)
$316Applicable income taxes
$417Income before extraordinary items
$0Extraordinary gains - net
$417Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$252Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2003)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.12%Yield on earning assets
1.43%Cost of funding earning assets
5.69%Net interest margin
1.04%Noninterest income to earning assets
4.47%Noninterest expense to earning assets
0.87%Net operating income to assets
0.87%Return on assets (ROA)
1.52%Pretax return on assets
8.12%Return on equity (ROE)
8.12%Retained earnings to average equity (YTD only)
0.72%Net charge-offs to loans
96.03%Credit loss provision to net charge-offs
3.87%Efficiency ratio
66,426Assets per employee
3.16%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.98%Loss allowance to noncurrent loans
414.12%Noncurrent assets plus other real estate owned to assets
0.18%Noncurrent loans to loans
0.24%Net loans and leases to deposits
84.75%Net loans and leases to core deposits
103.82%Equity capital to assets
11.24%Core capital (leverage) ratio
11.03%Tier 1 risk-based capital ratio
13.80%Total risk-based capital ratio
Memoranda
$15Average assets
$48,169Average earning assets
$5,136Average equity
$43,201Average loans
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