FDIC Certificate #: 23181 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:South Valley Bank & Trust (#22401) Federal Reserve ID: 20866 Date Established: August 15, 1980 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 5 (Interstate: No) FDIC's unique #: 16240 Numeric code: 13 Regulator: FED 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: August 15, 1980 Last Structure Change Effective Date: July 23, 2010 Last Structure Change Process Date: July 27, 2010 Last Data Update: July 27, 2010 Data Source Date: April 05, 2012
Location
Address: 103 South Kerby Avenue, Cave Junction, OR 97523 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: $250.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
58Total employees (full-time equivalent)
$257,515Total assets
$8,992Cash and due from depository institutions
$4,476Interest-bearing balances
$15,341Securities
$5,415Federal funds sold & reverse repurchase agreements
$198,807Net loans & leases
$7,807Loan loss allowance
$0Trading account assets
$9,715Bank premises and fixed assets
$7,485Other real estate owned
$0Goodwill and other intangibles
$5,250Life insurance assets
$11,760All other assets
$257,515Total liabilities and capital
$244,534Total liabilities
$233,081Total deposits
$216,796Interest-bearing deposits
$233,081Deposits held in domestic offices
92.30%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$10,323Other borrowed funds
$0Subordinated debt
$1,130All other liabilities
$12,981Total equity capital
$12,981Total bank equity capital
$12,981Perpetual preferred stock
$0Common stock
$861Surplus
$9,955Undivided profits
Memoranda
$2,165Noncurrent loans and leases
$15,938Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$19,160Earning assets
$0Long-term assets (5+ years)
$859Average Assets, year-to-date
$224,039Average Assets, quarterly
$85,010Volatile liabilities
$251,678Insider loans
$253,714FHLB advances
$42,879Loans and leases held for sale
$3,451Unused loan commitments
$10,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$175Total risk weighted assets
$15,938Total unused commitments
$15,334Restructured Loans and leases
$2,570Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$12,536Total interest income
$5,307Total interest expense
$7,229Net interest income
$6,161Provision for loan and lease losses
$1,237Total noninterest income
$0Fiduciary activities
$516Service charges on deposit accounts
$0Trading account gains & fees
$721Additional noninterest income
$6,802Total noninterest expense
$2,809Salaries and employee benefits
$657Premises and equipment expense
$3,336Additional noninterest expense
-$4,497Pre-tax net operating income
$0Securities gains (losses)
$225Applicable income taxes
-$4,722Income before extraordinary items
$0Extraordinary gains - net
-$4,722Net income attributable to bank
$0Net charge-offs
-$4,722Cash dividends
$4,492Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.55%Yield on earning assets
2.35%Cost of funding earning assets
3.20%Net interest margin
0.55%Noninterest income to earning assets
3.01%Noninterest expense to earning assets
-1.88%Net operating income to assets
-1.88%Return on assets (ROA)
-1.79%Pretax return on assets
-30.01%Return on equity (ROE)
-30.01%Retained earnings to average equity (YTD only)
2.14%Net charge-offs to loans
137.15%Credit loss provision to net charge-offs
0.37%Efficiency ratio
80,345Assets per employee
4.44%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.78%Loss allowance to noncurrent loans
40.75%Noncurrent assets plus other real estate owned to assets
10.35%Noncurrent loans to loans
9.27%Net loans and leases to deposits
85.30%Net loans and leases to core deposits
99.30%Equity capital to assets
5.04%Core capital (leverage) ratio
5.10%Tier 1 risk-based capital ratio
6.49%Total risk-based capital ratio
Memoranda
$8Average assets
$251,678Average earning assets
$15,734Average equity
$225,734Average loans
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