FDIC Certificate #: 17381 Status: Inactive Closing history: Consolidated - Without Assistance Acquiring institution:West Coast Bank (#2345) Federal Reserve ID: 729374 Date Established: January 03, 1955 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 19 (Interstate: No) OTS Docket #: 13617 FDIC's unique #: 11382 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: January 03, 1955 Last Structure Change Effective Date: December 31, 1998 Last Structure Change Process Date: January 28, 1999 Last Data Update: January 28, 1999 Data Source Date: April 05, 2012
Location
Address: 301 Church Street, N.E., Salem, OR 97308 County: Marion 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): Salem, OR (#7080) Consolidated Metropolitan Statistical Area (CMSA): Portland-Salem, OR-WA (#79) Core Based Statistical Area (CBSA): Salem, OR (#41420) CBSA Metro Statistical Area: Salem, OR (#41420)
Financial Summary
Total assets: $458.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
167Total employees (full-time equivalent)
$411,854Total assets
$26,468Cash and due from depository institutions
$44Interest-bearing balances
$119,619Securities
$0Federal funds sold & reverse repurchase agreements
$249,834Net loans & leases
$3,942Loan loss allowance
$0Trading account assets
$9,856Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$6,077All other assets
$411,854Total liabilities and capital
$374,885Total liabilities
$358,876Total deposits
$285,672Interest-bearing deposits
$358,876Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$13,100Other borrowed funds
$0Subordinated debt
$2,909All other liabilities
$36,969Total equity capital
$36,969Total bank equity capital
$36,969Perpetual preferred stock
$0Common stock
$1,924Surplus
$15,076Undivided profits
Memoranda
$19,969Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,884Earning assets
$0Long-term assets (5+ years)
$1,736Average Assets, year-to-date
$369,497Average Assets, quarterly
$99,492Volatile liabilities
$373,548Insider loans
$398,165FHLB advances
$35,912Loans and leases held for sale
$8,293Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$266Total risk weighted assets
$61,706Total unused commitments
$0Restructured Loans and leases
$307,261Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$31,325Total interest income
$9,902Total interest expense
$21,423Net interest income
$950Provision for loan and lease losses
$4,272Total noninterest income
$0Fiduciary activities
$1,732Service charges on deposit accounts
$0Trading account gains & fees
$2,540Additional noninterest income
$13,389Total noninterest expense
$6,432Salaries and employee benefits
$1,628Premises and equipment expense
$5,329Additional noninterest expense
$11,356Pre-tax net operating income
-$19Securities gains (losses)
$3,649Applicable income taxes
$7,688Income before extraordinary items
$0Extraordinary gains - net
$7,688Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$228Sale, conversion, retirement of capital stock, net
$3,220Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.23%Yield on earning assets
2.92%Cost of funding earning assets
6.31%Net interest margin
1.26%Noninterest income to earning assets
3.95%Noninterest expense to earning assets
2.06%Net operating income to assets
2.06%Return on assets (ROA)
3.03%Pretax return on assets
22.31%Return on equity (ROE)
12.97%Retained earnings to average equity (YTD only)
0.09%Net charge-offs to loans
416.67%Credit loss provision to net charge-offs
53.97%Efficiency ratio
52,107Assets per employee
2.47%Cash dividends to net income (YTD only)
Condition Ratios (%)
41.88%Loss allowance to loans
1.55%Loss allowance to noncurrent loans
209.24%Noncurrent assets plus other real estate owned to assets
0.46%Noncurrent loans to loans
0.74%Net loans and leases to deposits
69.62%Net loans and leases to core deposits
75.46%Equity capital to assets
8.98%Core capital (leverage) ratio
8.92%Tier 1 risk-based capital ratio
11.59%Total risk-based capital ratio
Memoranda
$13Average assets
$373,548Average earning assets
$34,459Average equity
$339,341Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with The Commercial Bank.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: