Far West Federal Savings Bank in Portland, Oregon (OR)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 15, 1994

  • Far West Federal Savings Bank in Portland, Oregon (OR)
  • Show street view No street view available for this location

Far West Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 33420
    Status: Inactive
    Closing history: Office Sold
    Acquiring institution: KeyBank National Association (#9477)
    Federal Reserve ID: 838379
    Date Established: June 07, 1991
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 9239
    FDIC's unique #: 47102
    Numeric code: 34
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: June 07, 1991
    Last Structure Change Effective Date: April 15, 1994
    Last Structure Change Process Date: April 26, 1994
    Last Data Update: August 02, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 421 S.W. Sixth Avenue, Portland, OR 97204
    County: Multnomah
    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): Portland-Vancouver, OR-WA (#6440)
    Consolidated Metropolitan Statistical Area (CMSA): Portland-Salem, OR-WA (#79)
    Core Based Statistical Area (CBSA): Portland-Vancouver-Hillsboro, OR-WA (#38900)
    CBSA Metro Statistical Area: Portland-Vancouver-Hillsboro, OR-WA (#38900)
  • History of Changes
  • Pass Through Receivership Merger
    Conservatorship Institution Resolved
    Corrections
    Office Sold
  • Financial Summary
  • Total assets: $343.4 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $281Total assets
  • $375,782Cash and due from depository institutions
  • $115,800Interest-bearing balances
  • $93,573Securities
  • $64,357Federal funds sold & reverse repurchase agreements
  • $16,000Net loans & leases
  • $118,192Loan loss allowance
  • $15,163Trading account assets
  • $0Bank premises and fixed assets
  • $10,319Other real estate owned
  • $3,882Goodwill and other intangibles
  • $47,232Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $375,782Total liabilities
  • $758,047Total deposits
  • $749,013Interest-bearing deposits
  • $749,013Deposits held in domestic offices
  • 749013.00%% insured (estimated)
  • $99Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $9,034Total equity capital
  • $9,034Total bank equity capital
  • $-382,265Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $0Undivided profits
  • Memoranda
  • $-382,265Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $32,350Income earned, not collected on loans
  • $547Earning assets
  • $292,122Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $464,805Average Assets, quarterly
  • $398,153Volatile liabilities
  • $23,600Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $-384,395Total risk weighted assets
  • $223,807Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $17,915Total interest expense
  • $32,316Net interest income
  • -$14,401Provision for loan and lease losses
  • $5,674Total noninterest income
  • $9,564Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $9,564Total noninterest expense
  • $31,238Salaries and employee benefits
  • $8,924Premises and equipment expense
  • $6,960Additional noninterest expense
  • $15,354Pre-tax net operating income
  • -$41,749Securities gains (losses)
  • -$268Applicable income taxes
  • $1Income before extraordinary items
  • -$42,018Extraordinary gains - net
  • $0Net income attributable to bank
  • -$42,018Net charge-offs
  • $9,693Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 4.78%Cost of funding earning assets
  • 8.63%Net interest margin
  • -3.84%Noninterest income to earning assets
  • 2.55%Noninterest expense to earning assets
  • 8.34%Net operating income to assets
  • -8.98%Return on assets (ROA)
  • -9.04%Pretax return on assets
  • -9.04%Return on equity (ROE)
  • 11.62%Retained earnings to average equity (YTD only)
  • 11.62%Net charge-offs to loans
  • 5.69%Credit loss provision to net charge-offs
  • 58.54%Efficiency ratio
  • -645,814Assets per employee
  • 1.34%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 11.37%Loss allowance to noncurrent loans
  • 46.87%Noncurrent assets plus other real estate owned to assets
  • 9.64%Noncurrent loans to loans
  • 24.26%Net loans and leases to deposits
  • 15.78%Net loans and leases to core deposits
  • 16.29%Equity capital to assets
  • -101.73%Core capital (leverage) ratio
  • -104.51%Tier 1 risk-based capital ratio
  • -171.75%Total risk-based capital ratio
  • Memoranda
  • -$172Average assets
  • $464,805Average earning assets
  • -$361,554Average equity
  • $374,677Average loans
1
Guy Ching
⚠
Nov 7, 2021 @ 9:21 pm
What happened to my account from years ago I think around 1979 or 1980

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