Family Bank of Commerce in Grants Pass, Oregon (OR)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 01, 1993

Family Bank of Commerce in Grants Pass, Oregon (OR)
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Family Bank of Commerce - Overview

General
FDIC Certificate #: 22661
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Valley of the Rogue Bank (#19823)
Federal Reserve ID: 697866
Date Established: June 01, 1978
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 15814
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 01, 1978
Last Structure Change Effective Date: July 01, 1993
Last Structure Change Process Date: July 29, 1993
Last Data Update: July 29, 1993
Data Source Date: April 05, 2012
Location
Address: 100 N.E. Midland Avenue, 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: $29.9 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$18Total assets
$31,466Cash and due from depository institutions
$2,149Interest-bearing balances
$0Securities
$9,962Federal funds sold & reverse repurchase agreements
$1,600Net loans & leases
$16,337Loan loss allowance
$253Trading account assets
$0Bank premises and fixed assets
$822Other real estate owned
$101Goodwill and other intangibles
$495Life insurance assets
$0All other assets
$0Total liabilities and capital
$31,466Total liabilities
$28,823Total deposits
$28,626Interest-bearing deposits
$21,595Deposits held in domestic offices
28626.00%% insured (estimated)
$89Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$197Total equity capital
$197Total bank equity capital
$2,643Perpetual preferred stock
$0Common stock
$600Surplus
$900Undivided profits
Memoranda
$1,143Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$65Income earned, not collected on loans
$98Earning assets
$27,899Long-term assets (5+ years)
$1,930Average Assets, year-to-date
$29,399Average Assets, quarterly
$30,610Volatile liabilities
$1,021Insider loans
$217FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$868Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,643Total risk weighted assets
$20,787Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$2,250Total interest expense
$770Net interest income
$1,480Provision for loan and lease losses
$15Total noninterest income
$236Fiduciary activities
$0Service charges on deposit accounts
$173Trading account gains & fees
$0Additional noninterest income
$63Total noninterest expense
$1,191Salaries and employee benefits
$656Premises and equipment expense
$166Additional noninterest expense
$369Pre-tax net operating income
$510Securities gains (losses)
$47Applicable income taxes
$254Income before extraordinary items
$303Extraordinary gains - net
$0Net income attributable to bank
$303Net charge-offs
-$3Cash 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
8.69%Cost of funding earning assets
2.97%Net interest margin
5.71%Noninterest income to earning assets
0.91%Noninterest expense to earning assets
4.60%Net operating income to assets
0.93%Return on assets (ROA)
1.03%Pretax return on assets
1.89%Return on equity (ROE)
12.10%Retained earnings to average equity (YTD only)
12.10%Net charge-offs to loans
-0.02%Credit loss provision to net charge-offs
-500.00%Efficiency ratio
69,406Assets per employee
1.75%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.53%Loss allowance to noncurrent loans
389.23%Noncurrent assets plus other real estate owned to assets
0.53%Noncurrent loans to loans
0.39%Net loans and leases to deposits
57.07%Net loans and leases to core deposits
59.18%Equity capital to assets
8.40%Core capital (leverage) ratio
8.52%Tier 1 risk-based capital ratio
12.71%Total risk-based capital ratio
Memoranda
$14Average assets
$29,399Average earning assets
$2,505Average equity
$25,900Average loans

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