First Independent Bank in Vancouver, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 01, 2012

  • First Independent Bank in Vancouver, Washington (WA)
  • Show street view No street view available for this location

First Independent Bank - Overview

  • General
  • FDIC Certificate #: 1500
    Status: Inactive
    Federal Reserve ID: 6972
    Bank Holding Company (Regulatory Top Holder): First Independent Investment Group, Inc. (RSSDID: 1134078, Location: Vancouver, WA)
    Date Established: Febuary 21, 1910
    WWW: http://www.firstindy.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 15 (Domestic: 14, Interstate: No)
    FDIC's unique #: 991
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 01, 2012
    Last Structure Change Process Date: March 21, 2012
    Last Data Update: March 21, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 1220 Main Street, Vancouver, WA 98668
    County: Clark
    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
  • Other Liquidations and Closings
    Office Sold
    Change in Insurance Status
  • Financial Summary
  • Total assets: $780.3 mil
    Equity capital: $88.9 mil
    Deposits held in domestic offices: $680.0 mil
    Return on assets (ROA): 1.28% ($10.0 mil)
    Quarterly return on assets: 0.34% ($2.7 mil)
    Return on Equity (ROE): 11.82% ($10.5 mil)
    Quarterly return on equity: 2.99% ($2.7 mil)
    Net income: $10.3 mil
    Quarterly Net income: $0.7 mil
    Pretax return on assets: 1.28% ($9,988.5 mil)
    Quarterly Pretax return on assets: 0.34% ($2,653.2 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
  • 233Total employees (full-time equivalent)
  • $780,348Total assets
  • $78,988Cash and due from depository institutions
  • $67,891Interest-bearing balances
  • $211,083Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $437,211Net loans & leases
  • $15,960Loan loss allowance
  • $0Trading account assets
  • $31,788Bank premises and fixed assets
  • $1,297Other real estate owned
  • $233Goodwill and other intangibles
  • $780,348Life insurance assets
  • $19,748All other assets
  • $691,439Total liabilities and capital
  • $679,983Total liabilities
  • $509,566Total deposits
  • $679,983Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $11,456Subordinated debt
  • $88,909All other liabilities
  • $88,909Total equity capital
  • $88,909Total bank equity capital
  • $0Perpetual preferred stock
  • $2,600Common stock
  • $85,600Surplus
  • $709Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,405Income earned, not collected on loans
  • $809Earning assets
  • $3,674Long-term assets (5+ years)
  • $716,185Average Assets, year-to-date
  • $236,206Average Assets, quarterly
  • $808,812Volatile liabilities
  • $786,147Insider loans
  • $570,131FHLB advances
  • $793,945Loans and leases held for sale
  • $6,547Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $95,919Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $6,547Total unused commitments
  • $101,674Restructured Loans and leases
  • $248Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $34,221Total interest income
  • $2,500Total interest expense
  • $31,721Net interest income
  • -$1,528Provision for loan and lease losses
  • $9,500Total noninterest income
  • $2,098Fiduciary activities
  • $2,460Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4,942Additional noninterest income
  • $32,515Total noninterest expense
  • $18,357Salaries and employee benefits
  • $4,979Premises and equipment expense
  • $9,179Additional noninterest expense
  • $10,234Pre-tax net operating income
  • $102Securities gains (losses)
  • $0Applicable income taxes
  • $10,336Income before extraordinary items
  • $0Extraordinary gains - net
  • $10,336Net income attributable to bank
  • $0Net charge-offs
  • $10,336Cash dividends
  • $1,462Sale, conversion, retirement of capital stock, net
  • $1,550Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.61%Yield on earning assets
  • 0.34%Cost of funding earning assets
  • 4.27%Net interest margin
  • 1.28%Noninterest income to earning assets
  • 4.38%Noninterest expense to earning assets
  • 1.27%Net operating income to assets
  • 1.28%Return on assets (ROA)
  • 1.28%Pretax return on assets
  • 11.82%Return on equity (ROE)
  • 10.05%Retained earnings to average equity (YTD only)
  • 0.30%Net charge-offs to loans
  • -104.51%Credit loss provision to net charge-offs
  • 5.95%Efficiency ratio
  • 78,826Assets per employee
  • 3.35%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 15.00%Loss allowance to loans
  • 3.52%Loss allowance to noncurrent loans
  • 249.18%Noncurrent assets plus other real estate owned to assets
  • 0.99%Noncurrent loans to loans
  • 1.41%Net loans and leases to deposits
  • 64.30%Net loans and leases to core deposits
  • 66.82%Equity capital to assets
  • 11.39%Core capital (leverage) ratio
  • 12.08%Tier 1 risk-based capital ratio
  • 16.82%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $808,812Average earning assets
  • $87,445Average equity
  • $742,220Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $301,957Managed Assets
  • 1Number of Accounts
  • $223,529Personal trust and agency accounts
  • $129,603Employee benefit-defined contribution accounts
  • $760Employee benefit-defined benefit accounts
  • $13,322Other retirement accounts
  • $19,428Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $50,561Other fiduciary accounts
  • $9,855Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 511Number of Accounts
  • $0Personal trust and agency accounts
  • $19,428Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $78,428Other retirement accounts
  • $19,397Corporate trust and agency accounts
  • $8,995Other fiduciary accounts
  • $36,954Fiduciary accounts held in foreign offices

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

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with First Independent Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents