FDIC Certificate #: 34892 Status: Inactive Acquiring institution:West Coast Bank (#2345) Federal Reserve ID: 2742210 Date Established: October 28, 1998 WWW:http://www.mvboregon.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 6 (Interstate: No) FDIC's unique #: 61955 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: October 28, 1998 Last Structure Change Effective Date: June 23, 2006 Last Structure Change Process Date: July 12, 2006 Last Data Update: July 12, 2006 Data Source Date: April 05, 2012
Location
Address: 1755 Mt. Hood Avenue, Suite 120, Woodburn, OR 97071 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)
History of Changes
Merger - Without Assistance
Financial Summary
Total assets: $100.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)
Dollar figures in thousands
32Total employees (full-time equivalent)
$100,123Total assets
$3,361Cash and due from depository institutions
$1,034Interest-bearing balances
$18,653Securities
$1,500Federal funds sold & reverse repurchase agreements
$72,815Net loans & leases
$837Loan loss allowance
$0Trading account assets
$1,203Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,591All other assets
$100,123Total liabilities and capital
$91,190Total liabilities
$80,564Total deposits
$62,268Interest-bearing deposits
$80,564Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$10,146Other borrowed funds
$0Subordinated debt
$480All other liabilities
$8,933Total equity capital
$8,933Total bank equity capital
$8,933Perpetual preferred stock
$0Common stock
$6,380Surplus
$0Undivided profits
Memoranda
$2,553Noncurrent loans and leases
$11,594Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$250Earning assets
$0Long-term assets (5+ years)
$579Average Assets, year-to-date
$94,002Average Assets, quarterly
$29,579Volatile liabilities
$94,920Insider loans
$99,688FHLB advances
$18,352Loans and leases held for sale
$976Unused loan commitments
$10,146Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$11,594Total unused commitments
$0Restructured Loans and leases
$837Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$6,354Total interest income
$1,582Total interest expense
$4,772Net interest income
$164Provision for loan and lease losses
$245Total noninterest income
$0Fiduciary activities
$86Service charges on deposit accounts
$0Trading account gains & fees
$159Additional noninterest income
$3,836Total noninterest expense
$2,063Salaries and employee benefits
$585Premises and equipment expense
$1,188Additional noninterest expense
$1,017Pre-tax net operating income
-$13Securities gains (losses)
$357Applicable income taxes
$647Income before extraordinary items
$0Extraordinary gains - net
$647Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$17Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.23%Yield on earning assets
1.80%Cost of funding earning assets
5.43%Net interest margin
0.28%Noninterest income to earning assets
4.37%Noninterest expense to earning assets
0.69%Net operating income to assets
0.68%Return on assets (ROA)
1.06%Pretax return on assets
7.44%Return on equity (ROE)
7.44%Retained earnings to average equity (YTD only)
-0.03%Net charge-offs to loans
-964.71%Credit loss provision to net charge-offs
0.00%Efficiency ratio
76,460Assets per employee
3.13%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.14%Loss allowance to noncurrent loans
334.80%Noncurrent assets plus other real estate owned to assets
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