First Federal Savings and Loan Association of McMinnville in Mcminnville, Oregon (OR)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • First Federal Savings and Loan Association of McMinnville in Mcminnville, Oregon (OR)
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First Federal Savings and Loan Association of McMinnville - Overview

  • General
  • FDIC Certificate #: 29624
    Status: Active
    Federal Reserve ID: 90579
    Date Established: January 01, 1922
    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)

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

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 77Total employees (full-time equivalent)
  • $341,646Total assets
  • $75,930Cash and due from depository institutions
  • $65,372Interest-bearing balances
  • $8,297Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $239,928Net loans & leases
  • $750Loan loss allowance
  • $0Trading account assets
  • $2,888Bank premises and fixed assets
  • $3,708Other real estate owned
  • $26Goodwill and other intangibles
  • $341,646Life insurance assets
  • $10,869All other assets
  • $289,395Total liabilities and capital
  • $287,430Total liabilities
  • $269,933Total deposits
  • $287,430Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,965Subordinated debt
  • $52,251All other liabilities
  • $52,251Total equity capital
  • $52,251Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $52,251Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,484Income earned, not collected on loans
  • $0Earning assets
  • $988Long-term assets (5+ years)
  • $313,597Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $343,984Volatile liabilities
  • $344,073Insider loans
  • $193,793FHLB advances
  • $341,681Loans and leases held for sale
  • $4,590Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $52,272Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $11,167Restructured Loans and leases
  • $1,935Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $16,375Total interest income
  • $2,666Total interest expense
  • $13,709Net interest income
  • $4,355Provision for loan and lease losses
  • -$1,666Total noninterest income
  • $0Fiduciary activities
  • $101Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$1,767Additional noninterest income
  • $9,312Total noninterest expense
  • $5,708Salaries and employee benefits
  • $1,414Premises and equipment expense
  • $2,190Additional noninterest expense
  • -$1,624Pre-tax net operating income
  • $0Securities gains (losses)
  • -$476Applicable income taxes
  • -$1,148Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,148Net income attributable to bank
  • $0Net charge-offs
  • -$1,148Cash dividends
  • $5,822Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.19%Yield on earning assets
  • 0.84%Cost of funding earning assets
  • 4.34%Net interest margin
  • -0.53%Noninterest income to earning assets
  • 2.95%Noninterest expense to earning assets
  • -0.33%Net operating income to assets
  • -0.33%Return on assets (ROA)
  • -0.47%Pretax return on assets
  • -2.14%Return on equity (ROE)
  • -2.14%Retained earnings to average equity (YTD only)
  • 2.22%Net charge-offs to loans
  • 74.80%Credit loss provision to net charge-offs
  • 0.47%Efficiency ratio
  • 77,323Assets per employee
  • 4.44%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.31%Loss allowance to noncurrent loans
  • 11.57%Noncurrent assets plus other real estate owned to assets
  • 2.98%Noncurrent loans to loans
  • 2.69%Net loans and leases to deposits
  • 83.47%Net loans and leases to core deposits
  • 86.94%Equity capital to assets
  • 15.29%Core capital (leverage) ratio
  • 15.30%Tier 1 risk-based capital ratio
  • 26.97%Total risk-based capital ratio
  • Memoranda
  • $27Average assets
  • $343,984Average earning assets
  • $53,529Average equity
  • $315,619Average loans

List of branches

  • 8 Oregon Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    042458First Federal Savings And Loan Assoc118 Third Street, Mcminnville, OR 97128January 01, 1922Full Service Brick and Mortar
    1276139Newberg Branch121 N Edwards St, Newberg, OR 97132January 01, 1922Full Service Brick and Mortar
    2276140Sheridan Branch246 South Bridge Street, Sheridan, OR 97378January 01, 1922Full Service Brick and Mortar
    100276141Carlton Branch335 West Madison Street, Carlton, OR 97111January 01, 1922Full Service Brick and Mortar
    101276142Amity Branch110 Maddox Street, Amity, OR 97101January 01, 1922Full Service Brick and Mortar
    102364057Baker Creek Road Branch350 Ne Baker Creek Road, Mcminnville, OR 97128April 10, 2001Full Service Brick and Mortar
    103491980Hillside Branch300 Nw Hillside Parkway, Mcminnville, OR 97128Febuary 09, 2008Full Service Brick and Mortar
    105495495130 Fulton Street130 Fulton Street, Newberg, OR 97132June 30, 2009Full Service Brick and Mortar

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