FDIC Certificate #: 38129 Status: Inactive Closing history: Corrections Acquiring institution:Umpqua Bank (#17266) Federal Reserve ID: 129394 Date Established: October 05, 1933 Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 14 (Interstate: No) FDIC's unique #: 102524 Numeric code: 42 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 2001 Last Structure Change Effective Date: Febuary 26, 2010 Last Structure Change Process Date: March 02, 2010 Last Data Update: March 02, 2010 Data Source Date: April 05, 2012
Location
Address: 1498 Pacific Avenue, Tacoma, WA 98402 County: Pierce Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: Seattle Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: West Metropolitan Statistical Area (MSA): Tacoma, WA (#8200) Consolidated Metropolitan Statistical Area (CMSA): Seattle-Tacoma-Bremerton, WA (#91) Combined Statistical Area (CSA): Seattle-Tacoma-Olympia, WA (#500) Core Based Statistical Area (CBSA): Seattle-Tacoma-Bellevue, WA (#42660) CBSA Metro Statistical Area: Seattle-Tacoma-Bellevue, WA (#42660) Core Based Statistical Division: Tacoma, WA (#45104)
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $717.8 mil
2000 - 2011 Historical total assets, liabilities and capital ($ 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
191Total employees (full-time equivalent)
$717,806Total assets
$44,660Cash and due from depository institutions
$36,732Interest-bearing balances
$43,583Securities
$0Federal funds sold & reverse repurchase agreements
$553,953Net loans & leases
$10,187Loan loss allowance
$0Trading account assets
$30,276Bank premises and fixed assets
$14,247Other real estate owned
$2,782Goodwill and other intangibles
$0Life insurance assets
$28,305All other assets
$717,806Total liabilities and capital
$728,891Total liabilities
$446,192Total deposits
$399,927Interest-bearing deposits
$446,192Deposits held in domestic offices
92.73%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$279,337Other borrowed funds
$0Subordinated debt
$3,362All other liabilities
$-11,085Total equity capital
$-11,085Total bank equity capital
$-11,085Perpetual preferred stock
$0Common stock
$1Surplus
$46,557Undivided profits
Memoranda
$-57,643Noncurrent loans and leases
$46,210Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$17,771Earning assets
$0Long-term assets (5+ years)
$2,767Average Assets, year-to-date
$634,268Average Assets, quarterly
$129,590Volatile liabilities
$801,349Insider loans
$740,705FHLB advances
$99,046Loans and leases held for sale
$13,589Unused loan commitments
$279,337Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$46,210Total unused commitments
$0Restructured Loans and leases
$10,050Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$41,301Total interest income
$20,537Total interest expense
$20,764Net interest income
$14,700Provision for loan and lease losses
$10,641Total noninterest income
$0Fiduciary activities
$2,573Service charges on deposit accounts
$0Trading account gains & fees
$8,068Additional noninterest income
$28,207Total noninterest expense
$14,034Salaries and employee benefits
$4,247Premises and equipment expense
$9,926Additional noninterest expense
-$11,502Pre-tax net operating income
-$43,514Securities gains (losses)
$13,953Applicable income taxes
-$68,969Income before extraordinary items
$0Extraordinary gains - net
-$68,969Net income attributable to bank
$0Net charge-offs
-$68,969Cash dividends
$17,842Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.88%Yield on earning assets
2.92%Cost of funding earning assets
2.96%Net interest margin
1.51%Noninterest income to earning assets
4.02%Noninterest expense to earning assets
-3.18%Net operating income to assets
-8.61%Return on assets (ROA)
-6.87%Pretax return on assets
-318.16%Return on equity (ROE)
-318.16%Retained earnings to average equity (YTD only)
2.90%Net charge-offs to loans
82.39%Credit loss provision to net charge-offs
0.18%Efficiency ratio
88,725Assets per employee
3.76%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.81%Loss allowance to noncurrent loans
57.32%Noncurrent assets plus other real estate owned to assets
6.05%Noncurrent loans to loans
3.15%Net loans and leases to deposits
124.15%Net loans and leases to core deposits
159.57%Equity capital to assets
-1.54%Core capital (leverage) ratio
1.69%Tier 1 risk-based capital ratio
1.55%Total risk-based capital ratio
Memoranda
$3Average assets
$801,349Average earning assets
$21,677Average equity
$702,382Average loans
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