Bank of Salem in Salem, Oregon (OR)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 01, 2007

  • Bank of Salem in Salem, Oregon (OR)
  • Show street view No street view available for this location

Bank of Salem - Overview

  • General
  • FDIC Certificate #: 33313
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Frontier Bank (#22710)
    Federal Reserve ID: 1841536
    Date Established: Febuary 19, 1991
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    OTS Docket #: 10610
    FDIC's unique #: 46862
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: Febuary 19, 1991
    Last Structure Change Effective Date: December 01, 2007
    Last Structure Change Process Date: December 05, 2007
    Last Data Update: December 05, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 1995 Commercial Street Southeast, Salem, OR 97302
    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: $210.8 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, 2006)

  • Dollar figures in thousands
  • 24Total employees (full-time equivalent)
  • $205,018Total assets
  • $4,851Cash and due from depository institutions
  • $3,067Interest-bearing balances
  • $8,554Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $184,716Net loans & leases
  • $3,000Loan loss allowance
  • $0Trading account assets
  • $2,183Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $598Life insurance assets
  • $4,714All other assets
  • $205,018Total liabilities and capital
  • $180,070Total liabilities
  • $178,791Total deposits
  • $170,893Interest-bearing deposits
  • $178,791Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $1,279All other liabilities
  • $24,948Total equity capital
  • $24,948Total bank equity capital
  • $24,948Perpetual preferred stock
  • $0Common stock
  • $4,069Surplus
  • $15,612Undivided profits
  • Memoranda
  • $5,267Noncurrent loans and leases
  • $44,742Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $35Earning assets
  • $0Long-term assets (5+ years)
  • $1,080Average Assets, year-to-date
  • $196,337Average Assets, quarterly
  • $42,608Volatile liabilities
  • $189,293Insider loans
  • $202,999FHLB advances
  • $45,371Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $44,742Total unused commitments
  • $0Restructured Loans and leases
  • $2,396Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $17,036Total interest income
  • $6,553Total interest expense
  • $10,483Net interest income
  • $653Provision for loan and lease losses
  • $215Total noninterest income
  • $0Fiduciary activities
  • $14Service charges on deposit accounts
  • $0Trading account gains & fees
  • $201Additional noninterest income
  • $2,472Total noninterest expense
  • $1,758Salaries and employee benefits
  • $179Premises and equipment expense
  • $535Additional noninterest expense
  • $7,573Pre-tax net operating income
  • $0Securities gains (losses)
  • $2,889Applicable income taxes
  • $4,684Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,684Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $814Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 9.41%Yield on earning assets
  • 3.62%Cost of funding earning assets
  • 5.79%Net interest margin
  • 0.12%Noninterest income to earning assets
  • 1.37%Noninterest expense to earning assets
  • 2.47%Net operating income to assets
  • 2.47%Return on assets (ROA)
  • 4.00%Pretax return on assets
  • 20.25%Return on equity (ROE)
  • 16.73%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 23,107Assets per employee
  • 8.54%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 17.38%Loss allowance to loans
  • 1.60%Loss allowance to noncurrent loans
  • 8571.43%Noncurrent assets plus other real estate owned to assets
  • 0.02%Noncurrent loans to loans
  • 0.02%Net loans and leases to deposits
  • 103.31%Net loans and leases to core deposits
  • 138.45%Equity capital to assets
  • 12.17%Core capital (leverage) ratio
  • 12.19%Tier 1 risk-based capital ratio
  • 12.47%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $189,293Average earning assets
  • $23,131Average equity
  • $181,073Average loans

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