First Security Bank of Oregon in city_name, state_name - Detailed Financial Reports, Location

First Security Bank of Oregon in Salem, Oregon (OR)
Show street view No street view available for this location

First Security Bank of Oregon - Overview

General
FDIC Certificate #: 22743
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Wells Fargo Bank Northwest, National Association (#13718)
Federal Reserve ID: 637675
Date Established: October 16, 1978
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 13 (Interstate: No)
OTS Docket #: 3066
FDIC's unique #: 15878
Numeric code: 41
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
FDIC Insured: Yes
Insured Savings Institution: Yes
State Chartered: Yes
Date of Deposit Insurance: October 16, 1978
Last Structure Change Effective Date: May 23, 1997
Last Structure Change Process Date: May 30, 1997
Last Data Update: May 30, 1997
Data Source Date: April 05, 2012
Location
Address: 580 State Street, Northeast, Salem, OR 97301
County: Marion
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): Salem, OR (#7080)
Consolidated Metropolitan Statistical Area (CMSA): Portland-Salem, OR-WA (#79)
Core Based Statistical Area (CBSA): Salem, OR (#41420)
CBSA Metro Statistical Area: Salem, OR (#41420)
Financial Summary
Total assets: $450.1 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$128Total assets
$467,698Cash and due from depository institutions
$13,129Interest-bearing balances
$5Securities
$39,169Federal funds sold & reverse repurchase agreements
$60,515Net loans & leases
$340,362Loan loss allowance
$5,185Trading account assets
$0Bank premises and fixed assets
$8,793Other real estate owned
$986Goodwill and other intangibles
$3,435Life insurance assets
$1,309All other assets
$0Total liabilities and capital
$467,698Total liabilities
$420,833Total deposits
$376,529Interest-bearing deposits
$341,579Deposits held in domestic offices
376529.00%% insured (estimated)
$93Federal funds purchased & repurchase agreements
$6,111Trading liabilities
$0Other borrowed funds
$29,934Subordinated debt
$0All other liabilities
$8,259Total equity capital
$8,259Total bank equity capital
$46,865Perpetual preferred stock
$0Common stock
$1,774Surplus
$17,883Undivided profits
Memoranda
$27,208Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$71Income earned, not collected on loans
$2,103Earning assets
$440,051Long-term assets (5+ years)
$49,181Average Assets, year-to-date
$438,601Average Assets, quarterly
$461,814Volatile liabilities
$47,568Insider loans
$36FHLB advances
$0Loans and leases held for sale
$1,461Unused loan commitments
$100,284Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$43,064Total risk weighted assets
$384,276Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$40,081Total interest expense
$16,291Net interest income
$23,790Provision for loan and lease losses
$459Total noninterest income
$3,641Fiduciary activities
$0Service charges on deposit accounts
$1,946Trading account gains & fees
$0Additional noninterest income
$1,695Total noninterest expense
$11,507Salaries and employee benefits
$5,227Premises and equipment expense
$1,292Additional noninterest expense
$4,988Pre-tax net operating income
$15,465Securities gains (losses)
$1,455Applicable income taxes
$6,625Income before extraordinary items
$10,295Extraordinary gains - net
$0Net income attributable to bank
$10,295Net charge-offs
$159Cash dividends
$3,015Sale, conversion, retirement of capital stock, net
$105Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
9.69%Cost of funding earning assets
3.94%Net interest margin
5.75%Noninterest income to earning assets
0.88%Noninterest expense to earning assets
2.78%Net operating income to assets
2.13%Return on assets (ROA)
2.35%Pretax return on assets
3.86%Return on equity (ROE)
23.85%Retained earnings to average equity (YTD only)
16.87%Net charge-offs to loans
0.05%Credit loss provision to net charge-offs
288.68%Efficiency ratio
41,052Assets per employee
3.65%Cash dividends to net income (YTD only)
Condition Ratios (%)
29.29%Loss allowance to loans
1.50%Loss allowance to noncurrent loans
7302.82%Noncurrent assets plus other real estate owned to assets
0.23%Noncurrent loans to loans
0.02%Net loans and leases to deposits
90.39%Net loans and leases to core deposits
93.54%Equity capital to assets
10.02%Core capital (leverage) ratio
9.24%Tier 1 risk-based capital ratio
11.21%Total risk-based capital ratio
Memoranda
$12Average assets
$438,601Average earning assets
$43,160Average equity
$413,456Average loans

First Security Bank of Oregon in Salem, Oregon (OR)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Security Bank of Oregon - Overview

Assets and Liabilities (December 31, 1996)

Income and Expense (December 31, 1996)

Performance and Condition Ratios (December 31, 1996)

Comment about this bank, ask questions, or add new information about it:

First Security Bank of Oregon in Salem, Oregon (OR)Overview, Financial Summary, Detailed Financial Reports, Branches

First Security Bank of Oregon - Overview

Assets and Liabilities (December 31, 1996)

Income and Expense (December 31, 1996)

Performance and Condition Ratios (December 31, 1996)

Comment about this bank, ask questions, or add new information about it:

First Security Bank of Oregon in Salem, Oregon (OR)
Overview, Financial Summary, Detailed Financial Reports, Branches