FDIC Certificate #: 20501 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Umpqua Bank (#17266) Federal Reserve ID: 942874 Date Established: October 01, 1971 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 7 (Interstate: No) OTS Docket #: 10697 FDIC's unique #: 14144 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: October 01, 1971 Last Structure Change Effective Date: January 22, 2010 Last Structure Change Process Date: January 25, 2010 Last Data Update: January 25, 2010 Data Source Date: April 05, 2012
Location
Address: 1111 3rd Ave, Suite 100, Seattle, WA 98101 County: King Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: Seattle Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: West Metropolitan Statistical Area (MSA): Seattle-Bellevue-Everett, WA (#7600) Consolidated Metropolitan Statistical Area (CMSA): Seattle-Tacoma-Bremerton, WA (#91) Combined Statistical Area (CSA): Seattle-Tacoma-Olympia, WA (#500) Core Based Statistical Area (CBSA): Seattle-Tacoma-Bellevue, WA (#42660) CBSA Metro Statistical Area: Seattle-Tacoma-Bellevue, WA (#42660) Core Based Statistical Division: Seattle-Bellevue-Everett, WA (#42644)
Financial Summary
Total assets: $396.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
80Total employees (full-time equivalent)
$395,980Total assets
$30,150Cash and due from depository institutions
$27,002Interest-bearing balances
$3,832Securities
$104Federal funds sold & reverse repurchase agreements
$346,205Net loans & leases
$24,250Loan loss allowance
$0Trading account assets
$3,201Bank premises and fixed assets
$4,843Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$7,645All other assets
$395,980Total liabilities and capital
$388,770Total liabilities
$340,378Total deposits
$301,600Interest-bearing deposits
$340,378Deposits held in domestic offices
92.54%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$45,725Other borrowed funds
$0Subordinated debt
$2,667All other liabilities
$7,210Total equity capital
$7,210Total bank equity capital
$7,210Perpetual preferred stock
$0Common stock
$623Surplus
$27,200Undivided profits
Memoranda
$-20,613Noncurrent loans and leases
$34,313Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$72,572Earning assets
$0Long-term assets (5+ years)
$1,239Average Assets, year-to-date
$377,143Average Assets, quarterly
$29,912Volatile liabilities
$466,571Insider loans
$438,841FHLB advances
$127,148Loans and leases held for sale
$579Unused loan commitments
$45,725Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$34,313Total unused commitments
$2,179Restructured Loans and leases
$4,397Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$23,234Total interest income
$9,767Total interest expense
$13,467Net interest income
$24,932Provision for loan and lease losses
$1,118Total noninterest income
$0Fiduciary activities
$988Service charges on deposit accounts
$0Trading account gains & fees
$130Additional noninterest income
$15,633Total noninterest expense
$6,197Salaries and employee benefits
$2,217Premises and equipment expense
$7,219Additional noninterest expense
-$25,980Pre-tax net operating income
$662Securities gains (losses)
$188Applicable income taxes
-$25,506Income before extraordinary items
$0Extraordinary gains - net
-$25,506Net income attributable to bank
$0Net charge-offs
-$25,506Cash dividends
$11,180Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.29%Yield on earning assets
2.22%Cost of funding earning assets
3.07%Net interest margin
0.25%Noninterest income to earning assets
3.56%Noninterest expense to earning assets
-5.61%Net operating income to assets
-5.47%Return on assets (ROA)
-5.43%Pretax return on assets
-134.42%Return on equity (ROE)
-134.42%Retained earnings to average equity (YTD only)
2.79%Net charge-offs to loans
223.01%Credit loss provision to net charge-offs
-0.09%Efficiency ratio
107,185Assets per employee
4.95%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
6.55%Loss allowance to noncurrent loans
33.42%Noncurrent assets plus other real estate owned to assets
19.55%Noncurrent loans to loans
19.59%Net loans and leases to deposits
101.71%Net loans and leases to core deposits
149.93%Equity capital to assets
1.82%Core capital (leverage) ratio
1.66%Tier 1 risk-based capital ratio
2.14%Total risk-based capital ratio
Memoranda
$3Average assets
$466,571Average earning assets
$18,975Average equity
$439,204Average loans
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