Idaho Independent Bank in Coeur D Alene, Idaho (ID)

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Idaho Independent Bank
GeneralFDIC Certificate #: 33845
Status: Active
Federal Reserve ID: 2110640
Date Established: October 11, 1993
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 12 (Domestic: 12, Interstate: No)
OTS Docket #: 13616
FDIC's unique #: 48153
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: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: October 11, 1993
Last Structure Change Effective Date: Febuary 16, 2010
Last Structure Change Process Date: Febuary 16, 2010
Last Data Update: Febuary 16, 2010
Data Source Date: April 05, 2012
LocationAddress: 1260 West Riverstone Drive, Coeur D Alene, ID 83814
County: Kootenai
Quarterly Banking Profile Region: San Francisco
FDIC Geographic Region: San Francisco
FDIC Supervisory Region: San Francisco
FDIC Field Office: Salt Lake City
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Core Based Statistical Area (CBSA): Coeur d'Alene, ID (#17660)
CBSA Metro Statistical Area: Coeur d'Alene, ID (#17660)
Financial SummaryTotal assets: $441.1 mil
Equity capital: $56.5 mil
Deposits held in domestic offices: $357.5 mil
Return on assets (ROA): -1.43% (-$6.3 mil)
Quarterly return on assets: -3.29% (-$14.5 mil)
Return on Equity (ROE): -11.47% (-$6.4 mil)
Quarterly return on equity: -26.57% (-$14.9 mil)
Net income: -$6.4 mil
Quarterly Net income: -$3.7 mil
Pretax return on assets: -1.10% (-$4,852.1 mil)
Quarterly Pretax return on assets: -1.94% (-$8,557.4 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)
Total employees (full-time equivalent)181
Total assets$441,101
Cash and due from depository institutions$100,154
Interest-bearing balances$91,779
Federal funds sold & reverse repurchase agreements$1,096
Net loans & leases$237,932
Loan loss allowance $9,473
Trading account assets$2,864
Bank premises and fixed assets$19,432
Other real estate owned$9,041
Goodwill and other intangibles$0
All other assets$19,428
Life insurance assets$441,101
Total liabilities and capital$384,604
Total liabilities$357,515
Total deposits$251,457
Interest-bearing deposits$357,515
Deposits held in domestic offices$91
% insured (estimated)10305.00%
Federal funds purchased & repurchase agreements $2,864
Trading liabilities$9,000
Other borrowed funds $0
Subordinated debt $4,920
All other liabilities $56,497
Total equity capital$56,497
Total bank equity capital$56,497
Perpetual preferred stock$0
Common stock$44,746
Undivided profits $-29,781
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $4,184
Income earned, not collected on loans $26,744
Earning assets $0
Long-term assets (5+ years) $1,056
Average Assets, year-to-date $384,825
Average Assets, quarterly $4,556
Volatile liabilities $444,623
Insider loans $447,534
FHLB advances $339,256
Loans and leases held for sale $455,199
Unused loan commitments $11,947
Tier 1 (core) risk-based capital $11,947
Tier 2 risk-based capital $56,535
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $61,671
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $16,417
Total interest expense $1,763
Net interest income $14,654
Provision for loan and lease losses $3,521
Total noninterest income $3,663
Fiduciary activities $0
Service charges on deposit accounts $811
Trading account gains & fees $0
Additional noninterest income $2,852
Total noninterest expense $19,697
Salaries and employee benefits $11,251
Premises and equipment expense $2,684
Additional noninterest expense $5,762
Pre-tax net operating income -$4,901
Securities gains (losses) $26
Applicable income taxes $1,500
Income before extraordinary items -$6,375
Extraordinary gains - net $0
Net income attributable to bank -$6,375
Net charge-offs $0
Cash dividends -$6,375
Sale, conversion, retirement of capital stock, net $3,901
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.30%
Cost of funding earning assets 0.46%
Net interest margin 3.84%
Noninterest income to earning assets 0.96%
Noninterest expense to earning assets 5.16%
Net operating income to assets -1.44%
Return on assets (ROA) -1.43%
Pretax return on assets -1.10%
Return on equity (ROE) -11.47%
Retained earnings to average equity (YTD only) -11.47%
Net charge-offs to loans 1.49%
Credit loss provision to net charge-offs 90.26%
Efficiency ratio-0.35%
Assets per employee$107,534
Cash dividends to net income (YTD only)2.44%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 3.83%
Noncurrent assets plus other real estate owned to assets 35.42%
Noncurrent loans to loans 8.11%
Net loans and leases to deposits10.81%
Net loans and leases to core deposits 66.55%
Equity capital to assets 67.40%
Core capital (leverage) ratio 12.81%
Tier 1 risk-based capital ratio 12.42%
Total risk-based capital ratio 16.66%
Average assets$18
Average earning assets$444,623
Average equity $55,597
Average loans $381,937
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12 Idaho Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
048153Idaho Independent Bank1260 West Riverstone Drive, Coeur D Alene, ID 83814October 11, 1993Full Service Brick and Mortar
1289970Hayden Branch8882 North Government Way, Hayden Lake, ID 83835October 24, 1994Full Service Brick and Mortar
2289971Boise Branch317 North 9th Street, Boise, ID 83702October 21, 1996Full Service Brick and Mortar
3289972Meridian Branch113 East Idaho Ave, Meridian, ID 83642September 01, 1998Full Service Brick and Mortar
4289973Nampa Branch804 12th Avenue South, Nampa, ID 83651October 20, 1998Full Service Brick and Mortar
5294928West Boise Branch8351 West Overland Road, Boise, ID 83709Febuary 07, 2000Full Service Brick and Mortar
6284134Mountain Home Branch310 American Legion Boulevard, Mountain Home, ID 83647January 01, 1960Full Service Brick and Mortar
7361531Caldwell Branch620 S Kimball Ave, Caldwell, ID 83605May 23, 2001Full Service Brick and Mortar
9433230Ketchum Branch491 N Main St Suite 101, Ketchum, ID 83340January 26, 2005Full Service Brick and Mortar
10443221Star Branch90 South Star Road, Star, ID 83669July 21, 2005Full Service Brick and Mortar
11450298Boise River Branch401 West Front Street, Boise, ID 83702July 05, 2000Full Service Brick and Mortar
12466271Eagle Branch560 E. State Street, Eagle, ID 83616May 01, 2007Full Service Brick and Mortar
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