FDIC Certificate #: 1500 Status: Inactive Federal Reserve ID: 6972 Bank Holding Company (Regulatory Top Holder): First Independent Investment Group, Inc. (RSSDID: 1134078, Location: Vancouver, WA) Date Established: Febuary 21, 1910 WWW:http://www.firstindy.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 15 (Domestic: 14, Interstate: No) FDIC's unique #: 991 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: Yes Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: March 01, 2012 Last Structure Change Process Date: March 21, 2012 Last Data Update: March 21, 2012 Data Source Date: April 05, 2012
Location
Address: 1220 Main Street, Vancouver, WA 98668 County: Clark 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
Other Liquidations and Closings
Office Sold
Change in Insurance Status
Financial Summary
Total assets: $780.3 mil Equity capital: $88.9 mil Deposits held in domestic offices: $680.0 mil Return on assets (ROA): 1.28% ($10.0 mil) Quarterly return on assets: 0.34% ($2.7 mil) Return on Equity (ROE): 11.82% ($10.5 mil) Quarterly return on equity: 2.99% ($2.7 mil) Net income: $10.3 mil Quarterly Net income: $0.7 mil Pretax return on assets: 1.28% ($9,988.5 mil) Quarterly Pretax return on assets: 0.34% ($2,653.2 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
233Total employees (full-time equivalent)
$780,348Total assets
$78,988Cash and due from depository institutions
$67,891Interest-bearing balances
$211,083Securities
$0Federal funds sold & reverse repurchase agreements
$437,211Net loans & leases
$15,960Loan loss allowance
$0Trading account assets
$31,788Bank premises and fixed assets
$1,297Other real estate owned
$233Goodwill and other intangibles
$780,348Life insurance assets
$19,748All other assets
$691,439Total liabilities and capital
$679,983Total liabilities
$509,566Total deposits
$679,983Interest-bearing deposits
$89Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$11,456Subordinated debt
$88,909All other liabilities
$88,909Total equity capital
$88,909Total bank equity capital
$0Perpetual preferred stock
$2,600Common stock
$85,600Surplus
$709Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$6,405Income earned, not collected on loans
$809Earning assets
$3,674Long-term assets (5+ years)
$716,185Average Assets, year-to-date
$236,206Average Assets, quarterly
$808,812Volatile liabilities
$786,147Insider loans
$570,131FHLB advances
$793,945Loans and leases held for sale
$6,547Unused loan commitments
$0Tier 1 (core) risk-based capital
$95,919Tier 2 risk-based capital
$0Total risk weighted assets
$6,547Total unused commitments
$101,674Restructured Loans and leases
$248Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$34,221Total interest income
$2,500Total interest expense
$31,721Net interest income
-$1,528Provision for loan and lease losses
$9,500Total noninterest income
$2,098Fiduciary activities
$2,460Service charges on deposit accounts
$0Trading account gains & fees
$4,942Additional noninterest income
$32,515Total noninterest expense
$18,357Salaries and employee benefits
$4,979Premises and equipment expense
$9,179Additional noninterest expense
$10,234Pre-tax net operating income
$102Securities gains (losses)
$0Applicable income taxes
$10,336Income before extraordinary items
$0Extraordinary gains - net
$10,336Net income attributable to bank
$0Net charge-offs
$10,336Cash dividends
$1,462Sale, conversion, retirement of capital stock, net
$1,550Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.61%Yield on earning assets
0.34%Cost of funding earning assets
4.27%Net interest margin
1.28%Noninterest income to earning assets
4.38%Noninterest expense to earning assets
1.27%Net operating income to assets
1.28%Return on assets (ROA)
1.28%Pretax return on assets
11.82%Return on equity (ROE)
10.05%Retained earnings to average equity (YTD only)
0.30%Net charge-offs to loans
-104.51%Credit loss provision to net charge-offs
5.95%Efficiency ratio
78,826Assets per employee
3.35%Cash dividends to net income (YTD only)
Condition Ratios (%)
15.00%Loss allowance to loans
3.52%Loss allowance to noncurrent loans
249.18%Noncurrent assets plus other real estate owned to assets
0.99%Noncurrent loans to loans
1.41%Net loans and leases to deposits
64.30%Net loans and leases to core deposits
66.82%Equity capital to assets
11.39%Core capital (leverage) ratio
12.08%Tier 1 risk-based capital ratio
16.82%Total risk-based capital ratio
Memoranda
$18Average assets
$808,812Average earning assets
$87,445Average equity
$742,220Average loans
Total Fiduciary and Related Assets (December 31, 2011)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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