First Independent Bank in Vancouver, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 01, 2012

  • First Independent Bank in Vancouver, Washington (WA)
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First Independent Bank - Overview

  • General
  • 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
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $301,957Managed Assets
  • 1Number of Accounts
  • $223,529Personal trust and agency accounts
  • $129,603Employee benefit-defined contribution accounts
  • $760Employee benefit-defined benefit accounts
  • $13,322Other retirement accounts
  • $19,428Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $50,561Other fiduciary accounts
  • $9,855Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 511Number of Accounts
  • $0Personal trust and agency accounts
  • $19,428Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $78,428Other retirement accounts
  • $19,397Corporate trust and agency accounts
  • $8,995Other fiduciary accounts
  • $36,954Fiduciary accounts held in foreign offices

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