First Federal Savings and Loan Association of McMinnville in city_name, state_name

First Federal Savings and Loan Association of McMinnville in Mcminnville, Oregon (OR)
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First Federal Savings and Loan Association of McMinnville - Overview

General
FDIC Certificate #: 29624
Status: Active
Federal Reserve ID: 90579
Date Established: January 01, 1922
WWW: http://www.firstfedweb.com
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 8 (Domestic: 8, Interstate: No)
OTS Docket #: 3773
FDIC's unique #: 42458
Numeric code: 38
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Mortgage Lending Specialization
Date of Deposit Insurance: May 09, 1936
Last Structure Change Effective Date: July 21, 2011
Last Structure Change Process Date: July 21, 2011
Last Data Update: July 21, 2011
Data Source Date: April 05, 2012
Location
Address: 118 Third Street, Mcminnville, OR 97128
County: Yamhill
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): Portland-Vancouver, OR-WA (#6440)
Consolidated Metropolitan Statistical Area (CMSA): Portland-Salem, OR-WA (#79)
Core Based Statistical Area (CBSA): Portland-Vancouver-Hillsboro, OR-WA (#38900)
CBSA Metro Statistical Area: Portland-Vancouver-Hillsboro, OR-WA (#38900)
History of Changes
Change in Primary Regulatory Agency
Financial Summary
Total assets: $341.6 mil
Equity capital: $52.3 mil
Deposits held in domestic offices: $287.4 mil
Return on assets (ROA): -0.33% (-$1.1 mil)
Quarterly return on assets: -1.58% (-$5.4 mil)
Return on Equity (ROE): -2.14% (-$1.1 mil)
Quarterly return on equity: -10.25% (-$5.3 mil)
Net income: -$1.1 mil
Quarterly Net income: -$1.4 mil
Pretax return on assets: -0.47% (-$1,605.7 mil)
Quarterly Pretax return on assets: -2.24% (-$7,652.9 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, 2011)

Dollar figures in thousands
77Total employees (full-time equivalent)
$341,646Total assets
$75,930Cash and due from depository institutions
$65,372Interest-bearing balances
$8,297Securities
$0Federal funds sold & reverse repurchase agreements
$239,928Net loans & leases
$750Loan loss allowance
$0Trading account assets
$2,888Bank premises and fixed assets
$3,708Other real estate owned
$26Goodwill and other intangibles
$341,646Life insurance assets
$10,869All other assets
$289,395Total liabilities and capital
$287,430Total liabilities
$269,933Total deposits
$287,430Interest-bearing deposits
$97Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$1,965Subordinated debt
$52,251All other liabilities
$52,251Total equity capital
$52,251Total bank equity capital
$0Perpetual preferred stock
$0Common stock
$0Surplus
$52,251Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$6,484Income earned, not collected on loans
$0Earning assets
$988Long-term assets (5+ years)
$313,597Average Assets, year-to-date
$0Average Assets, quarterly
$343,984Volatile liabilities
$344,073Insider loans
$193,793FHLB advances
$341,681Loans and leases held for sale
$4,590Unused loan commitments
$0Tier 1 (core) risk-based capital
$52,272Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$11,167Restructured Loans and leases
$1,935Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$16,375Total interest income
$2,666Total interest expense
$13,709Net interest income
$4,355Provision for loan and lease losses
-$1,666Total noninterest income
$0Fiduciary activities
$101Service charges on deposit accounts
$0Trading account gains & fees
-$1,767Additional noninterest income
$9,312Total noninterest expense
$5,708Salaries and employee benefits
$1,414Premises and equipment expense
$2,190Additional noninterest expense
-$1,624Pre-tax net operating income
$0Securities gains (losses)
-$476Applicable income taxes
-$1,148Income before extraordinary items
$0Extraordinary gains - net
-$1,148Net income attributable to bank
$0Net charge-offs
-$1,148Cash dividends
$5,822Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.19%Yield on earning assets
0.84%Cost of funding earning assets
4.34%Net interest margin
-0.53%Noninterest income to earning assets
2.95%Noninterest expense to earning assets
-0.33%Net operating income to assets
-0.33%Return on assets (ROA)
-0.47%Pretax return on assets
-2.14%Return on equity (ROE)
-2.14%Retained earnings to average equity (YTD only)
2.22%Net charge-offs to loans
74.80%Credit loss provision to net charge-offs
0.47%Efficiency ratio
77,323Assets per employee
4.44%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.31%Loss allowance to noncurrent loans
11.57%Noncurrent assets plus other real estate owned to assets
2.98%Noncurrent loans to loans
2.69%Net loans and leases to deposits
83.47%Net loans and leases to core deposits
86.94%Equity capital to assets
15.29%Core capital (leverage) ratio
15.30%Tier 1 risk-based capital ratio
26.97%Total risk-based capital ratio
Memoranda
$27Average assets
$343,984Average earning assets
$53,529Average equity
$315,619Average loans

List of branches

8 Oregon Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	42458	First Federal Savings And Loan Assoc	118 Third Street, Mcminnville, OR 97128	January 01, 1922	Full Service Brick and Mortar
1	276139	Newberg Branch	121 N Edwards St, Newberg, OR 97132	January 01, 1922	Full Service Brick and Mortar
2	276140	Sheridan Branch	246 South Bridge Street, Sheridan, OR 97378	January 01, 1922	Full Service Brick and Mortar
100	276141	Carlton Branch	335 West Madison Street, Carlton, OR 97111	January 01, 1922	Full Service Brick and Mortar
101	276142	Amity Branch	110 Maddox Street, Amity, OR 97101	January 01, 1922	Full Service Brick and Mortar
102	364057	Baker Creek Road Branch	350 Ne Baker Creek Road, Mcminnville, OR 97128	April 10, 2001	Full Service Brick and Mortar
103	491980	Hillside Branch	300 Nw Hillside Parkway, Mcminnville, OR 97128	Febuary 09, 2008	Full Service Brick and Mortar
105	495495	130 Fulton Street	130 Fulton Street, Newberg, OR 97132	June 30, 2009	Full Service Brick and Mortar

First Federal Savings and Loan Association of McMinnville in Mcminnville, Oregon (OR)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Federal Savings and Loan Association of McMinnville - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

First Federal Savings and Loan Association of McMinnville in Mcminnville, Oregon (OR)Overview, Financial Summary, Detailed Financial Reports, Branches

First Federal Savings and Loan Association of McMinnville - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

First Federal Savings and Loan Association of McMinnville in Mcminnville, Oregon (OR)
Overview, Financial Summary, Detailed Financial Reports, Branches