FDIC Certificate #: 32734 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:North Valley Bank (#20959) Federal Reserve ID: 1425020 Date Established: December 27, 1989 WWW:http://www.sixrivers.com Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 7 (Interstate: No) OTS Docket #: 9516 FDIC's unique #: 45599 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: December 27, 1989 Last Structure Change Effective Date: January 01, 2004 Last Structure Change Process Date: Febuary 03, 2004 Last Data Update: Febuary 03, 2004 Data Source Date: April 05, 2012
Location
Address: 402 F Street, Eureka, CA 95503 County: Humboldt Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: San Francisco Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Core Based Statistical Area (CBSA): Eureka-Arcata-Fortuna, CA (#21700) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $217.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2003)
Dollar figures in thousands
59Total employees (full-time equivalent)
$217,048Total assets
$13,146Cash and due from depository institutions
$99Interest-bearing balances
$64,936Securities
$16,730Federal funds sold & reverse repurchase agreements
$108,367Net loans & leases
$2,620Loan loss allowance
$0Trading account assets
$2,836Bank premises and fixed assets
$0Other real estate owned
$2,436Goodwill and other intangibles
$0Life insurance assets
$8,597All other assets
$217,048Total liabilities and capital
$195,736Total liabilities
$188,840Total deposits
$132,588Interest-bearing deposits
$188,840Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$6,459Other borrowed funds
$0Subordinated debt
$437All other liabilities
$21,312Total equity capital
$21,312Total bank equity capital
$21,312Perpetual preferred stock
$0Common stock
$7,445Surplus
$12,176Undivided profits
Memoranda
$1,691Noncurrent loans and leases
$16,193Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,347Earning assets
$1,026Long-term assets (5+ years)
$789Average Assets, year-to-date
$190,132Average Assets, quarterly
$85,686Volatile liabilities
$213,116Insider loans
$216,266FHLB advances
$23,174Loans and leases held for sale
$682Unused loan commitments
$6,200Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$16,193Total unused commitments
$0Restructured Loans and leases
$1,686Derivatives
Income and Expense (December 31, 2003)
Dollar figures in thousands
$10,518Total interest income
$2,457Total interest expense
$8,061Net interest income
$0Provision for loan and lease losses
$2,997Total noninterest income
$0Fiduciary activities
$1,492Service charges on deposit accounts
$0Trading account gains & fees
$1,505Additional noninterest income
$8,883Total noninterest expense
$2,142Salaries and employee benefits
$1,246Premises and equipment expense
$5,495Additional noninterest expense
$2,175Pre-tax net operating income
$88Securities gains (losses)
$660Applicable income taxes
$1,603Income before extraordinary items
$0Extraordinary gains - net
$1,603Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$85Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2003)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.74%Yield on earning assets
1.34%Cost of funding earning assets
4.40%Net interest margin
1.64%Noninterest income to earning assets
4.85%Noninterest expense to earning assets
0.72%Net operating income to assets
0.75%Return on assets (ROA)
1.06%Pretax return on assets
7.70%Return on equity (ROE)
7.70%Retained earnings to average equity (YTD only)
-0.07%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
75,800Assets per employee
3.68%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.36%Loss allowance to noncurrent loans
194.51%Noncurrent assets plus other real estate owned to assets
0.62%Noncurrent loans to loans
1.21%Net loans and leases to deposits
57.39%Net loans and leases to core deposits
63.51%Equity capital to assets
9.82%Core capital (leverage) ratio
8.80%Tier 1 risk-based capital ratio
14.15%Total risk-based capital ratio
Memoranda
$15Average assets
$213,116Average earning assets
$20,821Average equity
$183,266Average loans
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