Northern Bank of Commerce in Portland, Oregon (OR)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 03, 2000

  • Northern Bank of Commerce in Portland, Oregon (OR)
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Northern Bank of Commerce - Overview

  • General
  • FDIC Certificate #: 33944
    Status: Inactive
    Closing history: Absorption - Without Assistance
    Acquiring institution: The Cowlitz Bank (#22643)
    Federal Reserve ID: 2245056
    Date Established: September 23, 1994
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 9 (Interstate: No)
    FDIC's unique #: 55113
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: September 23, 1994
    Last Structure Change Effective Date: July 03, 2000
    Last Structure Change Process Date: August 23, 2000
    Last Data Update: August 23, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 1001 Southwest 5th Avenue, Suite 250, Portland, OR 97204
    County: Multnomah
    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): Portland-Vancouver, OR-WA (#6440)
    Consolidated Metropolitan Statistical Area (CMSA): Portland-Salem, OR-WA (#79)
    Core Based Statistical Area (CBSA): Portland-Vancouver-Hillsboro, OR-WA (#38900)
    CBSA Metro Statistical Area: Portland-Vancouver-Hillsboro, OR-WA (#38900)
  • Financial Summary
  • Total assets: $45.0 mil

1992 - 1999 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, 1999)

  • Dollar figures in thousands
  • 31Total employees (full-time equivalent)
  • $54,882Total assets
  • $3,973Cash and due from depository institutions
  • $0Interest-bearing balances
  • $4,688Securities
  • $7,600Federal funds sold & reverse repurchase agreements
  • $38,062Net loans & leases
  • $1,662Loan loss allowance
  • $0Trading account assets
  • $123Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $436All other assets
  • $54,882Total liabilities and capital
  • $52,019Total liabilities
  • $51,679Total deposits
  • $42,193Interest-bearing deposits
  • $51,679Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $340All other liabilities
  • $2,863Total equity capital
  • $2,863Total bank equity capital
  • $2,863Perpetual preferred stock
  • $0Common stock
  • $1,226Surplus
  • $2,961Undivided profits
  • Memoranda
  • $-1,324Noncurrent loans and leases
  • $8,085Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,360Earning assets
  • $0Long-term assets (5+ years)
  • $254Average Assets, year-to-date
  • $50,350Average Assets, quarterly
  • $1,516Volatile liabilities
  • $62,760Insider loans
  • $57,935FHLB advances
  • $5,194Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $8,085Total unused commitments
  • $0Restructured Loans and leases
  • $537Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $6,038Total interest income
  • $2,507Total interest expense
  • $3,531Net interest income
  • $1,529Provision for loan and lease losses
  • $120Total noninterest income
  • $0Fiduciary activities
  • $69Service charges on deposit accounts
  • $0Trading account gains & fees
  • $51Additional noninterest income
  • $3,539Total noninterest expense
  • $1,441Salaries and employee benefits
  • $300Premises and equipment expense
  • $1,798Additional noninterest expense
  • -$1,417Pre-tax net operating income
  • $0Securities gains (losses)
  • $382Applicable income taxes
  • -$1,799Income before extraordinary items
  • -$21Extraordinary gains - net
  • -$1,820Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $969Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 10.36%Yield on earning assets
  • 4.30%Cost of funding earning assets
  • 6.06%Net interest margin
  • 0.21%Noninterest income to earning assets
  • 6.07%Noninterest expense to earning assets
  • -2.87%Net operating income to assets
  • -2.90%Return on assets (ROA)
  • -2.29%Pretax return on assets
  • -42.19%Return on equity (ROE)
  • -42.19%Retained earnings to average equity (YTD only)
  • 1.91%Net charge-offs to loans
  • 157.79%Credit loss provision to net charge-offs
  • 0.12%Efficiency ratio
  • 96,932Assets per employee
  • 1.77%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.18%Loss allowance to noncurrent loans
  • 122.21%Noncurrent assets plus other real estate owned to assets
  • 2.48%Noncurrent loans to loans
  • 3.42%Net loans and leases to deposits
  • 73.65%Net loans and leases to core deposits
  • 81.88%Equity capital to assets
  • 5.22%Core capital (leverage) ratio
  • 4.88%Tier 1 risk-based capital ratio
  • 6.97%Total risk-based capital ratio
  • Memoranda
  • $8Average assets
  • $62,760Average earning assets
  • $4,313Average equity
  • $58,264Average loans

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