High Desert Bank in Bend, Oregon (OR)
| High Desert Bank | |
|---|---|
| General | FDIC Certificate #: 58594 Status: Active Federal Reserve ID: 3601088 Bank Holding Company (Regulatory Top Holder): Capitol Bancorp Ltd. (RSSDID: 1247334, Location: Lansing, MI) Date Established: September 26, 2007 WWW: http://www.highdesertbank.com Trust Powers Granted: No Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 18045 FDIC's unique #: 457575 Numeric code: 33 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: Commercial Lending Specialization Date of Deposit Insurance: September 26, 2007 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: 1000 Sw Disk Drive Bldg 6, Bend, OR 97702 County: Deschutes Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: Chicago FDIC Field Office: Portland Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: West Combined Statistical Area (CSA): Bend-Prineville, OR (#140) Core Based Statistical Area (CBSA): Bend, OR (#13460) CBSA Metro Statistical Area: Bend, OR (#13460) |
| History of Changes | Change in Primary Regulatory Agency |
| Financial Summary | Total assets: $31.0 mil Equity capital: $2.1 mil Deposits held in domestic offices: $28.2 mil Return on assets (ROA): -2.36% (-$0.7 mil) Quarterly return on assets: -1.61% (-$0.5 mil) Return on Equity (ROE): -33.16% (-$0.7 mil) Quarterly return on equity: -23.96% (-$0.5 mil) Net income: -$0.8 mil Quarterly Net income: -$0.1 mil Pretax return on assets: -2.36% (-$732.1 mil) Quarterly Pretax return on assets: -1.61% (-$499.4 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 7 |
| Total assets | $31,020 |
| Cash and due from depository institutions | $4,179 |
| Interest-bearing balances | $2,801 |
| Securities | $0 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $24,956 |
| Loan loss allowance | $957 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $332 |
| Other real estate owned | $1,223 |
| Goodwill and other intangibles | $0 |
| All other assets | $330 |
| Life insurance assets | $31,020 |
| Total liabilities and capital | $28,947 |
| Total liabilities | $28,196 |
| Total deposits | $24,907 |
| Interest-bearing deposits | $28,196 |
| Deposits held in domestic offices | $96 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $751 |
| All other liabilities | $2,073 |
| Total equity capital | $2,073 |
| Total bank equity capital | $2,073 |
| Perpetual preferred stock | $0 |
| Common stock | $4,000 |
| Surplus | $4,000 |
| Undivided profits | $-5,927 |
| 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 | $0 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $95 |
| Average Assets, year-to-date | $27,757 |
| Average Assets, quarterly | $10,603 |
| Volatile liabilities | $33,931 |
| Insider loans | $31,773 |
| FHLB advances | $23,783 |
| Loans and leases held for sale | $32,055 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $2,073 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $1,292 |
| Derivatives | $611 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $1,797 |
| Total interest expense | $298 |
| Net interest income | $1,499 |
| Provision for loan and lease losses | $103 |
| Total noninterest income | $1 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $25 |
| Trading account gains & fees | $0 |
| Additional noninterest income | -$24 |
| Total noninterest expense | $2,199 |
| Salaries and employee benefits | $677 |
| Premises and equipment expense | $312 |
| Additional noninterest expense | $1,210 |
| Pre-tax net operating income | -$802 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $0 |
| Income before extraordinary items | -$802 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$802 |
| Net charge-offs | $0 |
| Cash dividends | -$802 |
| Sale, conversion, retirement of capital stock, net | $496 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 6.03% |
| Cost of funding earning assets | 1.00% |
| Net interest margin | 5.03% |
| Noninterest income to earning assets | 0.00% |
| Noninterest expense to earning assets | 7.38% |
| Net operating income to assets | -2.36% |
| Return on assets (ROA) | -2.36% |
| Pretax return on assets | -2.36% |
| Return on equity (ROE) | -33.16% |
| Retained earnings to average equity (YTD only) | -33.16% |
| Net charge-offs to loans | 1.78% |
| Credit loss provision to net charge-offs | 20.77% |
| Efficiency ratio | -1.41% |
| Assets per employee | $146,600 |
| Cash dividends to net income (YTD only) | 4.43% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 3.69% |
| Noncurrent assets plus other real estate owned to assets | 0.00% |
| Noncurrent loans to loans | 3.94% |
| Net loans and leases to deposits | 0.00% |
| Net loans and leases to core deposits | 88.51% |
| Equity capital to assets | 88.51% |
| Core capital (leverage) ratio | 6.68% |
| Tier 1 risk-based capital ratio | 6.47% |
| Total risk-based capital ratio | 8.72% |
| Memoranda | |
| Average assets | $10 |
| Average earning assets | $33,931 |
| Average equity | $2,418 |
| Average loans | $29,780 |
| 1 Oregon Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 457575 | High Desert Bank | 1000 Sw Disk Drive Bldg 6, Bend, OR 97702 | September 26, 2007 | Full Service Brick and Mortar |  |
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