Centerpointe Community Bank in Hood River, Oregon (OR)
| Centerpointe Community Bank | |
|---|---|
| General | FDIC Certificate #: 58625 Status: Active Federal Reserve ID: 3631870 Date Established: September 04, 2007 WWW: http://www.centerpointebank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Domestic: 2, Interstate: No) FDIC's unique #: 459441 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: September 04, 2007 Last Structure Change Effective Date: April 28, 2010 Last Structure Change Process Date: September 21, 2010 Last Data Update: September 21, 2010 Data Source Date: April 05, 2012 |
| Location | Address: 2500 Cascade Avenue, Hood River, OR 97031 County: Hood River 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): Hood River, OR (#26220) CBSA Micro Statistical Area: Yes |
| History of Changes | Corrections |
| Financial Summary | Total assets: $80.2 mil Equity capital: $8.0 mil Deposits held in domestic offices: $68.0 mil Return on assets (ROA): 1.55% ($1.2 mil) Quarterly return on assets: 3.54% ($2.8 mil) Return on Equity (ROE): 16.83% ($1.3 mil) Quarterly return on equity: 37.85% ($3.0 mil) Net income: $1.2 mil Quarterly Net income: $0.7 mil Pretax return on assets: 0.90% ($721.8 mil) Quarterly Pretax return on assets: 1.09% ($874.1 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 21 |
| Total assets | $80,197 |
| Cash and due from depository institutions | $4,950 |
| Interest-bearing balances | $2,961 |
| Securities | $15,255 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $56,293 |
| Loan loss allowance | $728 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $1,188 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $2,511 |
| Life insurance assets | $80,198 |
| Total liabilities and capital | $72,192 |
| Total liabilities | $68,039 |
| Total deposits | $41,283 |
| Interest-bearing deposits | $68,039 |
| Deposits held in domestic offices | $94 |
| % insured (estimated) | 4000.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $153 |
| All other liabilities | $8,006 |
| Total equity capital | $8,006 |
| Total bank equity capital | $8,006 |
| Perpetual preferred stock | $0 |
| Common stock | $0 |
| Surplus | $11,279 |
| Undivided profits | $-3,273 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $0 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $323 |
| Average Assets, year-to-date | $74,509 |
| Average Assets, quarterly | $40,462 |
| Volatile liabilities | $77,854 |
| Insider loans | $81,560 |
| FHLB advances | $63,152 |
| Loans and leases held for sale | $85,503 |
| Unused loan commitments | $1,048 |
| Tier 1 (core) risk-based capital | $1,048 |
| Tier 2 risk-based capital | $7,446 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $8,080 |
| Derivatives | $1,103 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $4,250 |
| Total interest expense | $326 |
| Net interest income | $3,924 |
| Provision for loan and lease losses | $140 |
| Total noninterest income | $122 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $81 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $41 |
| Total noninterest expense | $3,203 |
| Salaries and employee benefits | $1,746 |
| Premises and equipment expense | $480 |
| Additional noninterest expense | $977 |
| Pre-tax net operating income | $703 |
| Securities gains (losses) | $0 |
| Applicable income taxes | -$500 |
| Income before extraordinary items | $1,203 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $1,203 |
| Net charge-offs | $0 |
| Cash dividends | $1,203 |
| Sale, conversion, retirement of capital stock, net | $48 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.81% |
| Cost of funding earning assets | 0.45% |
| Net interest margin | 5.37% |
| Noninterest income to earning assets | 0.17% |
| Noninterest expense to earning assets | 4.38% |
| Net operating income to assets | 1.55% |
| Return on assets (ROA) | 1.55% |
| Pretax return on assets | 0.90% |
| Return on equity (ROE) | 16.83% |
| Retained earnings to average equity (YTD only) | 16.83% |
| Net charge-offs to loans | 0.09% |
| Credit loss provision to net charge-offs | 291.67% |
| Efficiency ratio | 17.56% |
| Assets per employee | $79,165 |
| Cash dividends to net income (YTD only) | 3.82% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 1.28% |
| Noncurrent assets plus other real estate owned to assets | 0.00% |
| Noncurrent loans to loans | 0.00% |
| Net loans and leases to deposits | 0.00% |
| Net loans and leases to core deposits | 82.74% |
| Equity capital to assets | 83.25% |
| Core capital (leverage) ratio | 9.98% |
| Tier 1 risk-based capital ratio | 8.71% |
| Total risk-based capital ratio | 11.79% |
| Memoranda | |
| Average assets | $13 |
| Average earning assets | $77,854 |
| Average equity | $7,148 |
| Average loans | $73,105 |
| 2 Oregon Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 459441 | Centerpointe Community Bank | 2500 Cascade Avenue, Hood River, OR 97031 | September 04, 2007 | Full Service Brick and Mortar |  |
| 1 | 493021 | Centerpointe Community Bank Branch | 1100 W Sixth St., The Dalles, OR 97058 | July 23, 2008 | Full Service Brick and Mortar |  |
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