FDIC Certificate #: 58594 Status: Active Federal Reserve ID: 3601088 Bank Holding Company (Regulatory Top Holder): Capitol Bancorp Ltd. (RSSDID: 1247334, Location: Lansing, MI) Date Established: September 26, 2007 WWW:http://www.highdesertbank.com Trust Powers Granted: No Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 18045 FDIC's unique #: 457575 Numeric code: 33 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: Commercial Lending Specialization Date of Deposit Insurance: September 26, 2007 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: 1000 Sw Disk Drive Bldg 6, Bend, OR 97702 County: Deschutes Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: Chicago FDIC Field Office: Portland Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: West Combined Statistical Area (CSA): Bend-Prineville, OR (#140) Core Based Statistical Area (CBSA): Bend, OR (#13460) CBSA Metro Statistical Area: Bend, OR (#13460)
History of Changes
Change in Primary Regulatory Agency
Financial Summary
Total assets: $31.0 mil Equity capital: $2.1 mil Deposits held in domestic offices: $28.2 mil Return on assets (ROA): -2.36% (-$0.7 mil) Quarterly return on assets: -1.61% (-$0.5 mil) Return on Equity (ROE): -33.16% (-$0.7 mil) Quarterly return on equity: -23.96% (-$0.5 mil) Net income: -$0.8 mil Quarterly Net income: -$0.1 mil Pretax return on assets: -2.36% (-$732.1 mil) Quarterly Pretax return on assets: -1.61% (-$499.4 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
7Total employees (full-time equivalent)
$31,020Total assets
$4,179Cash and due from depository institutions
$2,801Interest-bearing balances
$0Securities
$0Federal funds sold & reverse repurchase agreements
$24,956Net loans & leases
$957Loan loss allowance
$0Trading account assets
$332Bank premises and fixed assets
$1,223Other real estate owned
$0Goodwill and other intangibles
$31,020Life insurance assets
$330All other assets
$28,947Total liabilities and capital
$28,196Total liabilities
$24,907Total deposits
$28,196Interest-bearing deposits
$96Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$751Subordinated debt
$2,073All other liabilities
$2,073Total equity capital
$2,073Total bank equity capital
$0Perpetual preferred stock
$4,000Common stock
$4,000Surplus
$-5,927Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$95Long-term assets (5+ years)
$27,757Average Assets, year-to-date
$10,603Average Assets, quarterly
$33,931Volatile liabilities
$31,773Insider loans
$23,783FHLB advances
$32,055Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$2,073Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$1,292Restructured Loans and leases
$611Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,797Total interest income
$298Total interest expense
$1,499Net interest income
$103Provision for loan and lease losses
$1Total noninterest income
$0Fiduciary activities
$25Service charges on deposit accounts
$0Trading account gains & fees
-$24Additional noninterest income
$2,199Total noninterest expense
$677Salaries and employee benefits
$312Premises and equipment expense
$1,210Additional noninterest expense
-$802Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$802Income before extraordinary items
$0Extraordinary gains - net
-$802Net income attributable to bank
$0Net charge-offs
-$802Cash dividends
$496Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.03%Yield on earning assets
1.00%Cost of funding earning assets
5.03%Net interest margin
0.00%Noninterest income to earning assets
7.38%Noninterest expense to earning assets
-2.36%Net operating income to assets
-2.36%Return on assets (ROA)
-2.36%Pretax return on assets
-33.16%Return on equity (ROE)
-33.16%Retained earnings to average equity (YTD only)
1.78%Net charge-offs to loans
20.77%Credit loss provision to net charge-offs
-1.41%Efficiency ratio
146,600Assets per employee
4.43%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.69%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
3.94%Noncurrent loans to loans
0.00%Net loans and leases to deposits
88.51%Net loans and leases to core deposits
88.51%Equity capital to assets
6.68%Core capital (leverage) ratio
6.47%Tier 1 risk-based capital ratio
8.72%Total risk-based capital ratio
Memoranda
$10Average assets
$33,931Average earning assets
$2,418Average equity
$29,780Average loans
List of branches
1 Oregon Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
457575
High Desert Bank
1000 Sw Disk Drive Bldg 6, Bend, OR 97702
September 26, 2007
Full Service Brick and Mortar
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