First Federal Savings and Loan Association of McMinnville in Mcminnville, Oregon (OR)
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| First Federal Savings and Loan Association of McMinnville | |
|---|---|
| General | FDIC Certificate #: 29624 Status: Active Federal Reserve ID: 90579 Date Established: January 01, 1922 WWW: http://www.firstfedweb.com Trust Powers Granted: No Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) Offices: 8 (Domestic: 8, Interstate: No) OTS Docket #: 3773 FDIC's unique #: 42458 Numeric code: 38 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: No Subchapter S Corporations: No Asset Concentration Hierarchy: Mortgage Lending Specialization Date of Deposit Insurance: May 09, 1936 Last Structure Change Effective Date: July 21, 2011 Last Structure Change Process Date: July 21, 2011 Last Data Update: July 21, 2011 Data Source Date: April 05, 2012 |
| Location | Address: 118 Third Street, Mcminnville, OR 97128 County: Yamhill 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 | Change in Primary Regulatory Agency |
| Financial Summary | Total assets: $341.6 mil Equity capital: $52.3 mil Deposits held in domestic offices: $287.4 mil Return on assets (ROA): -0.33% (-$1.1 mil) Quarterly return on assets: -1.58% (-$5.4 mil) Return on Equity (ROE): -2.14% (-$1.1 mil) Quarterly return on equity: -10.25% (-$5.3 mil) Net income: -$1.1 mil Quarterly Net income: -$1.4 mil Pretax return on assets: -0.47% (-$1,605.7 mil) Quarterly Pretax return on assets: -2.24% (-$7,652.9 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 77 |
| Total assets | $341,646 |
| Cash and due from depository institutions | $75,930 |
| Interest-bearing balances | $65,372 |
| Securities | $8,297 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $239,928 |
| Loan loss allowance | $750 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $2,888 |
| Other real estate owned | $3,708 |
| Goodwill and other intangibles | $26 |
| All other assets | $10,869 |
| Life insurance assets | $341,646 |
| Total liabilities and capital | $289,395 |
| Total liabilities | $287,430 |
| Total deposits | $269,933 |
| Interest-bearing deposits | $287,430 |
| Deposits held in domestic offices | $97 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $1,965 |
| All other liabilities | $52,251 |
| Total equity capital | $52,251 |
| Total bank equity capital | $52,251 |
| Perpetual preferred stock | $0 |
| Common stock | $0 |
| Surplus | $0 |
| Undivided profits | $52,251 |
| 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 | $6,484 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $988 |
| Average Assets, year-to-date | $313,597 |
| Average Assets, quarterly | $0 |
| Volatile liabilities | $343,984 |
| Insider loans | $344,073 |
| FHLB advances | $193,793 |
| Loans and leases held for sale | $341,681 |
| Unused loan commitments | $4,590 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $52,272 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $11,167 |
| Derivatives | $1,935 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $16,375 |
| Total interest expense | $2,666 |
| Net interest income | $13,709 |
| Provision for loan and lease losses | $4,355 |
| Total noninterest income | -$1,666 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $101 |
| Trading account gains & fees | $0 |
| Additional noninterest income | -$1,767 |
| Total noninterest expense | $9,312 |
| Salaries and employee benefits | $5,708 |
| Premises and equipment expense | $1,414 |
| Additional noninterest expense | $2,190 |
| Pre-tax net operating income | -$1,624 |
| Securities gains (losses) | $0 |
| Applicable income taxes | -$476 |
| Income before extraordinary items | -$1,148 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$1,148 |
| Net charge-offs | $0 |
| Cash dividends | -$1,148 |
| Sale, conversion, retirement of capital stock, net | $5,822 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.19% |
| Cost of funding earning assets | 0.84% |
| Net interest margin | 4.34% |
| Noninterest income to earning assets | -0.53% |
| Noninterest expense to earning assets | 2.95% |
| Net operating income to assets | -0.33% |
| Return on assets (ROA) | -0.33% |
| Pretax return on assets | -0.47% |
| Return on equity (ROE) | -2.14% |
| Retained earnings to average equity (YTD only) | -2.14% |
| Net charge-offs to loans | 2.22% |
| Credit loss provision to net charge-offs | 74.80% |
| Efficiency ratio | 0.47% |
| Assets per employee | $77,323 |
| Cash dividends to net income (YTD only) | 4.44% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 0.31% |
| Noncurrent assets plus other real estate owned to assets | 11.57% |
| Noncurrent loans to loans | 2.98% |
| Net loans and leases to deposits | 2.69% |
| Net loans and leases to core deposits | 83.47% |
| Equity capital to assets | 86.94% |
| Core capital (leverage) ratio | 15.29% |
| Tier 1 risk-based capital ratio | 15.30% |
| Total risk-based capital ratio | 26.97% |
| Memoranda | |
| Average assets | $27 |
| Average earning assets | $343,984 |
| Average equity | $53,529 |
| Average loans | $315,619 |
| 8 Oregon Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 42458 | First Federal Savings And Loan Assoc | 118 Third Street, Mcminnville, OR 97128 | January 01, 1922 | Full Service Brick and Mortar |  |
| 1 | 276139 | Newberg Branch | 121 N Edwards St, Newberg, OR 97132 | January 01, 1922 | Full Service Brick and Mortar |  |
| 2 | 276140 | Sheridan Branch | 246 South Bridge Street, Sheridan, OR 97378 | January 01, 1922 | Full Service Brick and Mortar | |
| 100 | 276141 | Carlton Branch | 335 West Madison Street, Carlton, OR 97111 | January 01, 1922 | Full Service Brick and Mortar | |
| 101 | 276142 | Amity Branch | 110 Maddox Street, Amity, OR 97101 | January 01, 1922 | Full Service Brick and Mortar | |
| 102 | 364057 | Baker Creek Road Branch | 350 Ne Baker Creek Road, Mcminnville, OR 97128 | April 10, 2001 | Full Service Brick and Mortar | |
| 103 | 491980 | Hillside Branch | 300 Nw Hillside Parkway, Mcminnville, OR 97128 | Febuary 09, 2008 | Full Service Brick and Mortar | |
| 105 | 495495 | 130 Fulton Street | 130 Fulton Street, Newberg, OR 97132 | June 30, 2009 | Full Service Brick and Mortar | |
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