Bank of the Cascades in Bend, Oregon (OR), ID
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| Bank of the Cascades | |
|---|---|
| General | FDIC Certificate #: 22407 Status: Active Federal Reserve ID: 17464 Bank Holding Company (Regulatory Top Holder): Cascade Bancorp (RSSDID: 1848003, Location: Bend, OR) Date Established: Febuary 01, 1977 WWW: http://www.botc.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 35 (Domestic: 35, Interstate: Yes) OTS Docket #: 9626 FDIC's unique #: 15608 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: Febuary 01, 1977 Last Structure Change Effective Date: January 17, 2007 Last Structure Change Process Date: January 18, 2007 Last Data Update: January 18, 2007 Data Source Date: April 05, 2012 |
| Location | Address: 1100 Nw Wall Street, Bend, OR 97701 County: Deschutes 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 Combined Statistical Area (CSA): Bend-Prineville, OR (#140) Core Based Statistical Area (CBSA): Bend, OR (#13460) CBSA Metro Statistical Area: Bend, OR (#13460) |
| History of Changes | Corrections Change in Location |
| Financial Summary | Total assets: $1,334.8 mil Equity capital: $163.8 mil Deposits held in domestic offices: $1,087.3 mil Return on assets (ROA): -4.54% (-$60.6 mil) Quarterly return on assets: -4.74% (-$63.3 mil) Return on Equity (ROE): -39.01% (-$64.0 mil) Quarterly return on equity: -37.91% (-$62.2 mil) Net income: -$69.5 mil Quarterly Net income: -$16.3 mil Pretax return on assets: -5.25% (-$70,074.6 mil) Quarterly Pretax return on assets: -4.45% (-$59,396.6 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 436 |
| Total assets | $1,334,755 |
| Cash and due from depository institutions | $128,416 |
| Interest-bearing balances | $94,759 |
| Securities | $210,839 |
| Federal funds sold & reverse repurchase agreements | $23 |
| Net loans & leases | $863,360 |
| Loan loss allowance | $34,205 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $34,181 |
| Other real estate owned | $21,963 |
| Goodwill and other intangibles | $0 |
| All other assets | $75,973 |
| Life insurance assets | $1,334,755 |
| Total liabilities and capital | $1,171,001 |
| Total liabilities | $1,087,325 |
| Total deposits | $928,169 |
| Interest-bearing deposits | $1,087,325 |
| Deposits held in domestic offices | $87 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $60,000 |
| Other borrowed funds | $0 |
| Subordinated debt | $23,676 |
| All other liabilities | $163,754 |
| Total equity capital | $163,754 |
| Total bank equity capital | $163,754 |
| Perpetual preferred stock | $0 |
| Common stock | $750 |
| Surplus | $226,740 |
| Undivided profits | $-63,736 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $506 |
| Income earned, not collected on loans | $9,135 |
| Earning assets | $1,629 |
| Long-term assets (5+ years) | $3,416 |
| Average Assets, year-to-date | $1,168,981 |
| Average Assets, quarterly | $384,791 |
| Volatile liabilities | $1,530,618 |
| Insider loans | $1,374,669 |
| FHLB advances | $1,029,189 |
| Loans and leases held for sale | $1,402,679 |
| Unused loan commitments | $34,506 |
| Tier 1 (core) risk-based capital | $7,919 |
| Tier 2 risk-based capital | $161,045 |
| Total risk weighted assets | $26,587 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $171,528 |
| Derivatives | $511 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $67,098 |
| Total interest expense | $11,546 |
| Net interest income | $55,552 |
| Provision for loan and lease losses | $65,300 |
| Total noninterest income | -$4,647 |
| Fiduciary activities | $597 |
| Service charges on deposit accounts | $4,493 |
| Trading account gains & fees | $0 |
| Additional noninterest income | -$9,737 |
| Total noninterest expense | $65,919 |
| Salaries and employee benefits | $30,598 |
| Premises and equipment expense | $6,292 |
| Additional noninterest expense | $29,029 |
| Pre-tax net operating income | -$80,314 |
| Securities gains (losses) | $0 |
| Applicable income taxes | -$10,844 |
| Income before extraordinary items | -$69,470 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$69,470 |
| Net charge-offs | $0 |
| Cash dividends | -$69,470 |
| Sale, conversion, retirement of capital stock, net | $77,762 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.95% |
| Cost of funding earning assets | 0.85% |
| Net interest margin | 4.10% |
| Noninterest income to earning assets | -0.34% |
| Noninterest expense to earning assets | 4.86% |
| Net operating income to assets | -4.54% |
| Return on assets (ROA) | -4.54% |
| Pretax return on assets | -5.25% |
| Return on equity (ROE) | -39.01% |
| Retained earnings to average equity (YTD only) | -39.01% |
| Net charge-offs to loans | 7.27% |
| Credit loss provision to net charge-offs | 83.97% |
| Efficiency ratio | -0.19% |
| Assets per employee | $126,595 |
| Cash dividends to net income (YTD only) | 3.06% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 3.81% |
| Noncurrent assets plus other real estate owned to assets | 374.44% |
| Noncurrent loans to loans | 2.33% |
| Net loans and leases to deposits | 1.02% |
| Net loans and leases to core deposits | 79.40% |
| Equity capital to assets | 82.23% |
| Core capital (leverage) ratio | 12.27% |
| Tier 1 risk-based capital ratio | 11.48% |
| Total risk-based capital ratio | 15.65% |
| Memoranda | |
| Average assets | $17 |
| Average earning assets | $1,530,618 |
| Average equity | $178,070 |
| Average loans | $1,356,165 |
| Total Fiduciary and Related Assets (December 31, 2011) (Dollar figures in thousands) | |
| Total fiduciary and related assets | $1 |
| Number of Fiduciary Accounts and Related Asset Accounts | 1 |
| Fiduciary powers granted | Yes |
| Fiduciary or related activity | Yes |
| Managed Assets | $55,502 |
| Number of Accounts | 1 |
| Personal trust and agency accounts | $54,790 |
| Employee benefit-defined contribution accounts | $30,070 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $0 |
| Corporate trust and agency accounts | $2,157 |
| Investment management agency accounts | $0 |
| Other fiduciary accounts | $22,563 |
| Fiduciary accounts held in foreign offices | $0 |
| Non-managed Assets | $0 |
| Number of Accounts | 165 |
| Personal trust and agency accounts | $0 |
| Employee benefit-defined contribution accounts | $2,157 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $712 |
| Corporate trust and agency accounts | $712 |
| Other fiduciary accounts | $0 |
| Fiduciary accounts held in foreign offices | $0 |
| 13 Idaho Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 30 | 249412 | Nampa Branch | 112 2nd Street South, Nampa, ID 83651 | March 05, 1995 | Full Service Brick and Mortar |  |
| 31 | 249413 | Administrative Office Branch | 121 North 9th St, Suite 101, Boise, ID 83702 | June 30, 1996 | Limited Service Administrative | |
| 32 | 249415 | Garden City Branch | 4128 Adams Street, Garden City, ID 83714 | September 08, 1998 | Full Service Brick and Mortar | |
| 33 | 249416 | Caldwell Branch | 1110 Blaine, Caldwell, ID 83605 | September 08, 1998 | Full Service Brick and Mortar | |
| 34 | 249417 | Overland Park Branch | 6981 Overland Road, Boise, ID 83709 | June 07, 1999 | Full Service Brick and Mortar | |
| 35 | 358445 | Fruitland Branch | 1850 N. Whitley Drive, Fruitland, ID 83619 | June 01, 2000 | Full Service Brick and Mortar | |
| 36 | 419582 | South Nampa Branch | 1513 12th Ave. Rd., Nampa, ID 83686 | November 04, 2002 | Full Service Brick and Mortar | |
| 37 | 433278 | El Dorado Branch | 3135 East Overland Road, Meridian, ID 83642 | December 06, 2004 | Full Service Brick and Mortar | |
| 38 | 433454 | Kuna Branch | 840 E. Avalon Street, Kuna, ID 83634 | November 29, 2004 | Full Service Brick and Mortar | |
| 39 | 440497 | Meridian Branch | 30 E Broadway Avenue, Meridian, ID 83642 | May 23, 2005 | Full Service Brick and Mortar | |
| 41 | 454708 | Vista Branch | 801 South Vista Avenue, Boise, ID 83705 | August 14, 2006 | Full Service Brick and Mortar | |
| 42 | 465582 | Boise - Plaza 121 Branch | 121 N 9th Street, Suite 100, Boise, ID 83702 | June 30, 2007 | Full Service Brick and Mortar | |
| 44 | 470826 | Eagle Branch | 1101 E. Winding Creek Drive, Eagle, ID 83616 | January 23, 2008 | Full Service Brick and Mortar | |
| 22 Oregon Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 15608 | Bank Of The Cascades | 1100 Nw Wall Street, Bend, OR 97701 | Febuary 01, 1977 | Full Service Brick and Mortar |  |
| 1 | 254527 | South Country Branch | 61250 S Highway 97, Bend, OR 97702 | March 26, 1979 | Full Service Brick and Mortar | |
| 2 | 254528 | Sunriver Branch | 57150 Beaver Drive, Sunriver, OR 97707 | April 21, 1980 | Full Service Brick and Mortar | |
| 3 | 220247 | Sisters Branch | 272 E Main Street, Sisters, OR 97759 | March 01, 1974 | Full Service Brick and Mortar | |
| 5 | 254530 | South Redmond Branch | 2542 South Highway 97, Redmond, OR 97756 | June 01, 1992 | Full Service Brick and Mortar | |
| 6 | 273648 | Prineville Branch | 103 Nw Third Street, Prineville, OR 97754 | November 03, 1934 | Full Service Brick and Mortar | |
| 9 | 254533 | Redmond Branch | 154 Southwest 6th Street, Redmond, OR 97756 | March 08, 1999 | Full Service Brick and Mortar | |
| 11 | 357614 | Keizer Branch | 5120 River Road North, Keizer, OR 97303 | June 21, 2000 | Full Service Brick and Mortar | |
| 13 | 364453 | South Salem Branch | 3999 Commercial St. Se, Salem, OR 97302 | August 10, 2001 | Full Service Brick and Mortar | |
| 14 | 423074 | Medford Branch | 1220 Corona Avenue, Suite 101, Medford, OR 97504 | July 17, 2003 | Full Service Brick and Mortar | |
| 16 | 423329 | Portland Business And Professional B | 1000 Pioneer Tower, 888 Sw Fifth Ave, Portland, OR 97204 | November 24, 2003 | Full Service Brick and Mortar | |
| 17 | 424695 | Medford Courier Service Branch | 1220 Corona Avenue, Suite 101, Medford, OR 97504 | July 17, 2003 | Limited Service Messenger | |
| 18 | 425204 | Old Mill Branch | 233 Sw Wilson Ave, Suite 101, Bend, OR 97702 | Febuary 06, 2004 | Full Service Brick and Mortar | |
| 19 | 56274 | Grants Pass Branch | 1304 N.W. 6th Street, Grants Pass, OR 97526 | Febuary 14, 1996 | Full Service Brick and Mortar | |
| 22 | 430074 | South Grants Pass | 265 Union Avenue, Grants Pass, OR 97527 | July 12, 2004 | Full Service Brick and Mortar | |
| 23 | 431449 | West Bend Branch | 320 Sw Century Drive, Bend, OR 97702 | June 21, 2004 | Full Service Brick and Mortar | |
| 24 | 431450 | Forum Branch | 2630 Ne Hwy 20, Bend, OR 97701 | June 14, 2004 | Full Service Brick and Mortar | |
| 25 | 431451 | Third & Revere Branch | 1700 Ne Third Street, Bend, OR 97701 | June 30, 2004 | Full Service Brick and Mortar | |
| 27 | 446296 | Grants Pass Courier | 1304 Nw 6th Street, Grants Pass, OR 97526 | January 05, 2006 | Limited Service Messenger | |
| 40 | 453814 | Crater Lake Highway Branch | 3100 Crater Lake Hwy, Medford, OR 97504 | July 20, 2005 | Full Service Brick and Mortar | |
| 43 | 467440 | Barnett Road Branch | 2646 Barnett Road, Medford, OR 97504 | August 13, 2007 | Full Service Brick and Mortar | |
| 45 | 510952 | Salem Branch | 520 Hawthorne Avenue Se, Salem, OR 97301 | July 01, 2009 | Full Service Brick and Mortar | |
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