FDIC Certificate #: 34179 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Umpqua Bank (#17266) Federal Reserve ID: 2431363 Date Established: May 29, 1996 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 2 (Interstate: No) OTS Docket #: 14652 FDIC's unique #: 56837 Numeric code: 13 Regulator: FED 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: May 29, 1996 Last Structure Change Effective Date: December 31, 2001 Last Structure Change Process Date: Febuary 05, 2002 Last Data Update: Febuary 05, 2002 Data Source Date: April 05, 2012
Location
Address: 1250 North Coast Highway, Newport, OR 97365 County: Lincoln 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
Financial Summary
Total assets: $58.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
29Total employees (full-time equivalent)
$50,852Total assets
$1,643Cash and due from depository institutions
$5Interest-bearing balances
$18,021Securities
$0Federal funds sold & reverse repurchase agreements
$29,140Net loans & leases
$424Loan loss allowance
$0Trading account assets
$1,537Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$511All other assets
$50,852Total liabilities and capital
$47,101Total liabilities
$46,875Total deposits
$37,464Interest-bearing deposits
$46,875Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$226All other liabilities
$3,751Total equity capital
$3,751Total bank equity capital
$3,751Perpetual preferred stock
$0Common stock
$1,539Surplus
$1,539Undivided profits
Memoranda
$673Noncurrent loans and leases
$2,351Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$5Earning assets
$0Long-term assets (5+ years)
$188Average Assets, year-to-date
$47,166Average Assets, quarterly
$11,411Volatile liabilities
$48,254Insider loans
$50,919FHLB advances
$6,352Loans and leases held for sale
$1,107Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,351Total unused commitments
$0Restructured Loans and leases
$424Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$3,821Total interest income
$1,745Total interest expense
$2,076Net interest income
$75Provision for loan and lease losses
$434Total noninterest income
$0Fiduciary activities
$133Service charges on deposit accounts
$0Trading account gains & fees
$301Additional noninterest income
$1,865Total noninterest expense
$1,004Salaries and employee benefits
$264Premises and equipment expense
$597Additional noninterest expense
$570Pre-tax net operating income
$0Securities gains (losses)
$234Applicable income taxes
$336Income before extraordinary items
$0Extraordinary gains - net
$336Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$13Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.55%Yield on earning assets
3.91%Cost of funding earning assets
4.65%Net interest margin
0.97%Noninterest income to earning assets
4.17%Noninterest expense to earning assets
0.70%Net operating income to assets
0.70%Return on assets (ROA)
1.18%Pretax return on assets
9.97%Return on equity (ROE)
9.97%Retained earnings to average equity (YTD only)
0.05%Net charge-offs to loans
576.92%Credit loss provision to net charge-offs
49.62%Efficiency ratio
74,303Assets per employee
1.75%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.43%Loss allowance to noncurrent loans
8480.00%Noncurrent assets plus other real estate owned to assets
0.01%Noncurrent loans to loans
0.02%Net loans and leases to deposits
62.17%Net loans and leases to core deposits
71.91%Equity capital to assets
7.38%Core capital (leverage) ratio
6.95%Tier 1 risk-based capital ratio
10.53%Total risk-based capital ratio
Memoranda
$12Average assets
$48,254Average earning assets
$3,371Average equity
$44,679Average loans
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