Benton County Bank in Corvallis, Oregon (OR)



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Benton County Bank
GeneralFDIC Certificate #: 22513
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Security Bank of Oregon (#22743)
Federal Reserve ID: 220460
Date Established: August 29, 1977
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 15701
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: August 29, 1977
Last Structure Change Effective Date: May 01, 1993
Last Structure Change Process Date: May 04, 1993
Last Data Update: May 04, 1993
Data Source Date: April 05, 2012
LocationAddress: 200 S.W. Fourth Street, Corvallis, OR 97339
County: Benton
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): Corvallis, OR (#1890)
Combined Statistical Area (CSA): Albany-Corvallis-Lebanon, OR (#102)
Core Based Statistical Area (CBSA): Corvallis, OR (#18700)
CBSA Metro Statistical Area: Corvallis, OR (#18700)
Financial SummaryTotal assets: $35.5 mil
Assets and Liabilities (December 31, 1992)
(Dollar figures in thousands)
Total employees (full-time equivalent)0
Total assets$19
Cash and due from depository institutions$35,324
Interest-bearing balances$1,987
Securities$0
Federal funds sold & reverse repurchase agreements$12,093
Net loans & leases$3,050
Loan loss allowance $16,825
Trading account assets$175
Bank premises and fixed assets$0
Other real estate owned$841
Goodwill and other intangibles$0
All other assets$0
Life insurance assets$528
Total liabilities and capital$0
Total liabilities$35,324
Total deposits$32,534
Interest-bearing deposits$31,563
Deposits held in domestic offices$25,533
% insured (estimated)31563.00%
Federal funds purchased & repurchase agreements $93
Trading liabilities$899
Other borrowed funds $0
Subordinated debt $0
All other liabilities $0
Total equity capital$72
Total bank equity capital$72
Perpetual preferred stock$2,790
Common stock$0
Surplus$900
Undivided profits $1,500
Memoranda
Noncurrent loans and leases $390
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $45
Earning assets $98
Long-term assets (5+ years) $31,968
Average Assets, year-to-date $4,470
Average Assets, quarterly $32,488
Volatile liabilities $34,926
Insider loans $2,642
FHLB advances $89
Loans and leases held for sale $0
Unused loan commitments $0
Tier 1 (core) risk-based capital $2,092
Tier 2 risk-based capital $0
Total risk weighted assets $2,790
Total unused commitments $18,508
Restructured Loans and leases $0
Derivatives$0
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Income and Expense (December 31, 1992)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $2,462
Net interest income $912
Provision for loan and lease losses $1,550
Total noninterest income $43
Fiduciary activities $251
Service charges on deposit accounts $0
Trading account gains & fees $203
Additional noninterest income $0
Total noninterest expense $48
Salaries and employee benefits $1,310
Premises and equipment expense $661
Additional noninterest expense $201
Pre-tax net operating income $448
Securities gains (losses) $448
Applicable income taxes $21
Income before extraordinary items $141
Extraordinary gains - net $328
Net income attributable to bank $0
Net charge-offs $328
Cash dividends -$1
Sale, conversion, retirement of capital stock, net $0
Net operating income $0
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Performance and Condition Ratios (December 31, 1992)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 8.45%
Net interest margin 3.13%
Noninterest income to earning assets 5.32%
Noninterest expense to earning assets 0.86%
Net operating income to assets 4.50%
Return on assets (ROA) 0.96%
Pretax return on assets 1.01%
Return on equity (ROE) 1.44%
Retained earnings to average equity (YTD only) 12.45%
Net charge-offs to loans 12.45%
Credit loss provision to net charge-offs -0.01%
Efficiency ratio-4300.00%
Assets per employee$72,737
Cash dividends to net income (YTD only)1.86%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.03%
Noncurrent assets plus other real estate owned to assets 388.89%
Noncurrent loans to loans 0.13%
Net loans and leases to deposits0.26%
Net loans and leases to core deposits 53.31%
Equity capital to assets 56.42%
Core capital (leverage) ratio 7.90%
Tier 1 risk-based capital ratio 7.98%
Total risk-based capital ratio 15.07%
Memoranda
Average assets$16
Average earning assets$32,488
Average equity $2,634
Average loans $29,129
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