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)
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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

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