National Security Bank in Newport, Oregon (OR)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 10, 1994

National Security Bank in Newport, Oregon (OR)
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National Security Bank - Overview

General
FDIC Certificate #: 14901
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: West One Bank, Oregon (#9572)
Federal Reserve ID: 646275
Date Established: November 30, 1934
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 5 (Interstate: No)
OTS Docket #: 10766
FDIC's unique #: 9331
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: November 30, 1934
Last Structure Change Effective Date: November 10, 1994
Last Structure Change Process Date: November 29, 1994
Last Data Update: November 29, 1994
Data Source Date: April 05, 2012
Location
Address: 248 S.W. 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: $135.4 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$68Total assets
$133,165Cash and due from depository institutions
$4,298Interest-bearing balances
$33Securities
$47,835Federal funds sold & reverse repurchase agreements
$2,400Net loans & leases
$72,716Loan loss allowance
$2,375Trading account assets
$0Bank premises and fixed assets
$2,954Other real estate owned
$0Goodwill and other intangibles
$2,805Life insurance assets
$157All other assets
$0Total liabilities and capital
$133,165Total liabilities
$116,629Total deposits
$114,934Interest-bearing deposits
$95,675Deposits held in domestic offices
114934.00%% insured (estimated)
$81Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$1,500Subordinated debt
$0All other liabilities
$195Total equity capital
$195Total bank equity capital
$16,536Perpetual preferred stock
$0Common stock
$911Surplus
$911Undivided profits
Memoranda
$14,714Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$3Income earned, not collected on loans
$445Earning assets
$122,984Long-term assets (5+ years)
$3,298Average Assets, year-to-date
$127,900Average Assets, quarterly
$132,060Volatile liabilities
$13,572Insider loans
$971FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$7,375Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$16,379Total risk weighted assets
$73,737Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$9,925Total interest expense
$2,931Net interest income
$6,994Provision for loan and lease losses
$360Total noninterest income
$914Fiduciary activities
$0Service charges on deposit accounts
$458Trading account gains & fees
$0Additional noninterest income
$456Total noninterest expense
$3,866Salaries and employee benefits
$1,943Premises and equipment expense
$534Additional noninterest expense
$1,389Pre-tax net operating income
$3,682Securities gains (losses)
$536Applicable income taxes
$1,718Income before extraordinary items
$2,500Extraordinary gains - net
$816Net income attributable to bank
$3,316Net charge-offs
-$50Cash dividends
$307Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.36%Cost of funding earning assets
2.47%Net interest margin
5.89%Noninterest income to earning assets
0.77%Noninterest expense to earning assets
3.26%Net operating income to assets
1.69%Return on assets (ROA)
2.59%Pretax return on assets
3.94%Return on equity (ROE)
22.35%Retained earnings to average equity (YTD only)
20.28%Net charge-offs to loans
-0.07%Credit loss provision to net charge-offs
-720.00%Efficiency ratio
48,622Assets per employee
1.96%Cash dividends to net income (YTD only)
Condition Ratios (%)
9.26%Loss allowance to loans
3.16%Loss allowance to noncurrent loans
79166.67%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
63.27%Net loans and leases to core deposits
70.69%Equity capital to assets
12.42%Core capital (leverage) ratio
12.39%Tier 1 risk-based capital ratio
22.21%Total risk-based capital ratio
Memoranda
$23Average assets
$127,900Average earning assets
$14,835Average equity
$118,672Average loans

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