National Security Bank in Newport, Oregon (OR)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 10, 1994

  • National Security Bank in Newport, Oregon (OR)
  • Show street view No street view available for this location

National Security Bank - Overview

  • General
  • FDIC Certificate #: 14901
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: West One Bank, Oregon (#9572)
    Federal Reserve ID: 646275
    Date Established: November 30, 1934
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 5 (Interstate: No)
    OTS Docket #: 10766
    FDIC's unique #: 9331
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: November 30, 1934
    Last Structure Change Effective Date: November 10, 1994
    Last Structure Change Process Date: November 29, 1994
    Last Data Update: November 29, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 248 S.W. Coast Highway, Newport, OR 97365
    County: Lincoln
    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
  • Financial Summary
  • Total assets: $135.4 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $68Total assets
  • $133,165Cash and due from depository institutions
  • $4,298Interest-bearing balances
  • $33Securities
  • $47,835Federal funds sold & reverse repurchase agreements
  • $2,400Net loans & leases
  • $72,716Loan loss allowance
  • $2,375Trading account assets
  • $0Bank premises and fixed assets
  • $2,954Other real estate owned
  • $0Goodwill and other intangibles
  • $2,805Life insurance assets
  • $157All other assets
  • $0Total liabilities and capital
  • $133,165Total liabilities
  • $116,629Total deposits
  • $114,934Interest-bearing deposits
  • $95,675Deposits held in domestic offices
  • 114934.00%% insured (estimated)
  • $81Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,500Subordinated debt
  • $0All other liabilities
  • $195Total equity capital
  • $195Total bank equity capital
  • $16,536Perpetual preferred stock
  • $0Common stock
  • $911Surplus
  • $911Undivided profits
  • Memoranda
  • $14,714Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3Income earned, not collected on loans
  • $445Earning assets
  • $122,984Long-term assets (5+ years)
  • $3,298Average Assets, year-to-date
  • $127,900Average Assets, quarterly
  • $132,060Volatile liabilities
  • $13,572Insider loans
  • $971FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $7,375Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $16,379Total risk weighted assets
  • $73,737Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $9,925Total interest expense
  • $2,931Net interest income
  • $6,994Provision for loan and lease losses
  • $360Total noninterest income
  • $914Fiduciary activities
  • $0Service charges on deposit accounts
  • $458Trading account gains & fees
  • $0Additional noninterest income
  • $456Total noninterest expense
  • $3,866Salaries and employee benefits
  • $1,943Premises and equipment expense
  • $534Additional noninterest expense
  • $1,389Pre-tax net operating income
  • $3,682Securities gains (losses)
  • $536Applicable income taxes
  • $1,718Income before extraordinary items
  • $2,500Extraordinary gains - net
  • $816Net income attributable to bank
  • $3,316Net charge-offs
  • -$50Cash dividends
  • $307Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.36%Cost of funding earning assets
  • 2.47%Net interest margin
  • 5.89%Noninterest income to earning assets
  • 0.77%Noninterest expense to earning assets
  • 3.26%Net operating income to assets
  • 1.69%Return on assets (ROA)
  • 2.59%Pretax return on assets
  • 3.94%Return on equity (ROE)
  • 22.35%Retained earnings to average equity (YTD only)
  • 20.28%Net charge-offs to loans
  • -0.07%Credit loss provision to net charge-offs
  • -720.00%Efficiency ratio
  • 48,622Assets per employee
  • 1.96%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 9.26%Loss allowance to loans
  • 3.16%Loss allowance to noncurrent loans
  • 79166.67%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 63.27%Net loans and leases to core deposits
  • 70.69%Equity capital to assets
  • 12.42%Core capital (leverage) ratio
  • 12.39%Tier 1 risk-based capital ratio
  • 22.21%Total risk-based capital ratio
  • Memoranda
  • $23Average assets
  • $127,900Average earning assets
  • $14,835Average equity
  • $118,672Average loans

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

CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with National Security Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents