Western Oregon Community Bank in Cottage Grove, Oregon (OR)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 02, 1994

Western Oregon Community Bank in Cottage Grove, Oregon (OR)
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Western Oregon Community Bank - Overview

General
FDIC Certificate #: 22677
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Centennial Bank (#22493)
Federal Reserve ID: 153867
Date Established: July 06, 1978
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 15829
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: July 06, 1978
Last Structure Change Effective Date: December 02, 1994
Last Structure Change Process Date: January 04, 1995
Last Data Update: January 04, 1995
Data Source Date: April 05, 2012
Location
Address: 625 East Gibbs Avenue, Cottage Grove, OR 97424
County: Lane
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): Eugene-Springfield, OR (#2400)
Core Based Statistical Area (CBSA): Eugene-Springfield, OR (#21660)
CBSA Metro Statistical Area: Eugene-Springfield, OR (#21660)
Financial Summary
Total assets: $25.0 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)
$16Total assets
$23,361Cash and due from depository institutions
$2,282Interest-bearing balances
$0Securities
$3,194Federal funds sold & reverse repurchase agreements
$1,900Net loans & leases
$15,066Loan loss allowance
$151Trading account assets
$0Bank premises and fixed assets
$568Other real estate owned
$0Goodwill and other intangibles
$351Life insurance assets
$0All other assets
$0Total liabilities and capital
$23,361Total liabilities
$21,838Total deposits
$21,714Interest-bearing deposits
$17,636Deposits held in domestic offices
21714.00%% insured (estimated)
$89Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$124Total equity capital
$124Total bank equity capital
$1,523Perpetual preferred stock
$0Common stock
$500Surplus
$800Undivided profits
Memoranda
$223Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$2Income earned, not collected on loans
$98Earning assets
$20,160Long-term assets (5+ years)
$2,696Average Assets, year-to-date
$21,671Average Assets, quarterly
$23,066Volatile liabilities
$746Insider loans
$125FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,970Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,523Total risk weighted assets
$14,192Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$1,766Total interest expense
$517Net interest income
$1,249Provision for loan and lease losses
$30Total noninterest income
$216Fiduciary activities
$0Service charges on deposit accounts
$139Trading account gains & fees
$0Additional noninterest income
$77Total noninterest expense
$1,054Salaries and employee benefits
$534Premises and equipment expense
$151Additional noninterest expense
$369Pre-tax net operating income
$381Securities gains (losses)
$0Applicable income taxes
$123Income before extraordinary items
$258Extraordinary gains - net
$0Net income attributable to bank
$258Net charge-offs
$10Cash dividends
$45Sale, 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
9.39%Cost of funding earning assets
2.75%Net interest margin
6.64%Noninterest income to earning assets
1.15%Noninterest expense to earning assets
5.60%Net operating income to assets
1.19%Return on assets (ROA)
1.19%Pretax return on assets
1.76%Return on equity (ROE)
18.19%Retained earnings to average equity (YTD only)
15.02%Net charge-offs to loans
0.07%Credit loss provision to net charge-offs
300.00%Efficiency ratio
71,945Assets per employee
1.46%Cash dividends to net income (YTD only)
Condition Ratios (%)
17.44%Loss allowance to loans
0.99%Loss allowance to noncurrent loans
7550.00%Noncurrent assets plus other real estate owned to assets
0.01%Noncurrent loans to loans
0.01%Net loans and leases to deposits
69.38%Net loans and leases to core deposits
71.85%Equity capital to assets
6.52%Core capital (leverage) ratio
6.55%Tier 1 risk-based capital ratio
10.73%Total risk-based capital ratio
Memoranda
$12Average assets
$21,671Average earning assets
$1,418Average equity
$18,814Average loans

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