FDIC Certificate #: 33944 Status: Inactive Closing history: Absorption - Without Assistance Acquiring institution:The Cowlitz Bank (#22643) Federal Reserve ID: 2245056 Date Established: September 23, 1994 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 9 (Interstate: No) FDIC's unique #: 55113 Numeric code: 21 Regulator: FDIC 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: September 23, 1994 Last Structure Change Effective Date: July 03, 2000 Last Structure Change Process Date: August 23, 2000 Last Data Update: August 23, 2000 Data Source Date: April 05, 2012
Location
Address: 1001 Southwest 5th Avenue, Suite 250, Portland, OR 97204 County: Multnomah 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)
Financial Summary
Total assets: $45.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
31Total employees (full-time equivalent)
$54,882Total assets
$3,973Cash and due from depository institutions
$0Interest-bearing balances
$4,688Securities
$7,600Federal funds sold & reverse repurchase agreements
$38,062Net loans & leases
$1,662Loan loss allowance
$0Trading account assets
$123Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$436All other assets
$54,882Total liabilities and capital
$52,019Total liabilities
$51,679Total deposits
$42,193Interest-bearing deposits
$51,679Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$340All other liabilities
$2,863Total equity capital
$2,863Total bank equity capital
$2,863Perpetual preferred stock
$0Common stock
$1,226Surplus
$2,961Undivided profits
Memoranda
$-1,324Noncurrent loans and leases
$8,085Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,360Earning assets
$0Long-term assets (5+ years)
$254Average Assets, year-to-date
$50,350Average Assets, quarterly
$1,516Volatile liabilities
$62,760Insider loans
$57,935FHLB advances
$5,194Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$8,085Total unused commitments
$0Restructured Loans and leases
$537Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$6,038Total interest income
$2,507Total interest expense
$3,531Net interest income
$1,529Provision for loan and lease losses
$120Total noninterest income
$0Fiduciary activities
$69Service charges on deposit accounts
$0Trading account gains & fees
$51Additional noninterest income
$3,539Total noninterest expense
$1,441Salaries and employee benefits
$300Premises and equipment expense
$1,798Additional noninterest expense
-$1,417Pre-tax net operating income
$0Securities gains (losses)
$382Applicable income taxes
-$1,799Income before extraordinary items
-$21Extraordinary gains - net
-$1,820Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$969Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
10.36%Yield on earning assets
4.30%Cost of funding earning assets
6.06%Net interest margin
0.21%Noninterest income to earning assets
6.07%Noninterest expense to earning assets
-2.87%Net operating income to assets
-2.90%Return on assets (ROA)
-2.29%Pretax return on assets
-42.19%Return on equity (ROE)
-42.19%Retained earnings to average equity (YTD only)
1.91%Net charge-offs to loans
157.79%Credit loss provision to net charge-offs
0.12%Efficiency ratio
96,932Assets per employee
1.77%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
4.18%Loss allowance to noncurrent loans
122.21%Noncurrent assets plus other real estate owned to assets
2.48%Noncurrent loans to loans
3.42%Net loans and leases to deposits
73.65%Net loans and leases to core deposits
81.88%Equity capital to assets
5.22%Core capital (leverage) ratio
4.88%Tier 1 risk-based capital ratio
6.97%Total risk-based capital ratio
Memoranda
$8Average assets
$62,760Average earning assets
$4,313Average equity
$58,264Average loans
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