Bank of Commerce in Milton Freewater, Oregon (OR)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 01, 2000

Bank of Commerce in Milton Freewater, Oregon (OR)
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Bank of Commerce - Overview

General
FDIC Certificate #: 16259
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Baker-Boyer National Bank (#2987)
Federal Reserve ID: 957560
Date Established: May 05, 1945
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
OTS Docket #: 15712
FDIC's unique #: 10451
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: May 05, 1945
Last Structure Change Effective Date: April 01, 2000
Last Structure Change Process Date: August 04, 2000
Last Data Update: August 04, 2000
Data Source Date: April 05, 2012
Location
Address: 13 N.E. 5th Street, Milton Freewater, OR 97862
County: Umatilla
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
Core Based Statistical Area (CBSA): Pendleton-Hermiston, OR (#37820)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $62.8 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
28Total employees (full-time equivalent)
$63,641Total assets
$2,218Cash and due from depository institutions
$10Interest-bearing balances
$16,494Securities
$0Federal funds sold & reverse repurchase agreements
$43,347Net loans & leases
$523Loan loss allowance
$0Trading account assets
$635Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$947All other assets
$63,641Total liabilities and capital
$57,286Total liabilities
$54,029Total deposits
$46,415Interest-bearing deposits
$54,029Deposits held in domestic offices
0.00%% insured (estimated)
$2,529Federal funds purchased & repurchase agreements
$0Trading liabilities
$225Other borrowed funds
$0Subordinated debt
$503All other liabilities
$6,355Total equity capital
$6,355Total bank equity capital
$6,355Perpetual preferred stock
$0Common stock
$300Surplus
$4,700Undivided profits
Memoranda
$1,355Noncurrent loans and leases
$8,340Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2Earning assets
$0Long-term assets (5+ years)
$686Average Assets, year-to-date
$59,851Average Assets, quarterly
$4,600Volatile liabilities
$64,282Insider loans
$64,684FHLB advances
$6,378Loans and leases held for sale
$30Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$8,340Total unused commitments
$0Restructured Loans and leases
$523Derivatives

Income and Expense (December 31, 1999)

Dollar figures in thousands
$5,072Total interest income
$1,936Total interest expense
$3,136Net interest income
$55Provision for loan and lease losses
$378Total noninterest income
$0Fiduciary activities
$261Service charges on deposit accounts
$0Trading account gains & fees
$117Additional noninterest income
$1,910Total noninterest expense
$1,247Salaries and employee benefits
$125Premises and equipment expense
$538Additional noninterest expense
$1,549Pre-tax net operating income
$0Securities gains (losses)
$400Applicable income taxes
$1,149Income before extraordinary items
$0Extraordinary gains - net
$1,149Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$50Sale, conversion, retirement of capital stock, net
$1,214Net operating income

Performance and Condition Ratios (December 31, 1999)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.36%Yield on earning assets
3.19%Cost of funding earning assets
5.17%Net interest margin
0.62%Noninterest income to earning assets
3.15%Noninterest expense to earning assets
1.79%Net operating income to assets
1.79%Return on assets (ROA)
2.41%Pretax return on assets
17.77%Return on equity (ROE)
-1.01%Retained earnings to average equity (YTD only)
-0.12%Net charge-offs to loans
-114.58%Credit loss provision to net charge-offs
0.00%Efficiency ratio
54,354Assets per employee
2.27%Cash dividends to net income (YTD only)
Condition Ratios (%)
105.66%Loss allowance to loans
1.19%Loss allowance to noncurrent loans
26150.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
80.23%Net loans and leases to core deposits
86.00%Equity capital to assets
9.99%Core capital (leverage) ratio
9.87%Tier 1 risk-based capital ratio
13.06%Total risk-based capital ratio
Memoranda
$14Average assets
$64,282Average earning assets
$6,465Average equity
$60,644Average loans

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