Pinnacle Bank in Beaverton, Oregon (OR)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 13, 2009

  • Pinnacle Bank in Beaverton, Oregon (OR)
  • Show street view No street view available for this location

Pinnacle Bank - Overview

  • General
  • FDIC Certificate #: 57342
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Washington Trust Bank (#1281)
    Federal Reserve ID: 3102530
    Date Established: September 18, 2002
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 362145
    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: September 18, 2002
    Last Structure Change Effective Date: Febuary 13, 2009
    Last Structure Change Process Date: Febuary 17, 2009
    Last Data Update: Febuary 17, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 8880 Sw Nimbus Avenue, Suite D, Beaverton, OR 97008
    County: Washington
    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)
  • History of Changes
  • Absorption - Assisted
    Corrections
  • Financial Summary
  • Total assets: $71.9 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, 2008)

  • Dollar figures in thousands
  • 20Total employees (full-time equivalent)
  • $71,921Total assets
  • $5,786Cash and due from depository institutions
  • $0Interest-bearing balances
  • $0Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $62,992Net loans & leases
  • $1,346Loan loss allowance
  • $0Trading account assets
  • $901Bank premises and fixed assets
  • $1,590Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $652All other assets
  • $71,920Total liabilities and capital
  • $65,956Total liabilities
  • $64,168Total deposits
  • $56,814Interest-bearing deposits
  • $64,168Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,500Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $288All other liabilities
  • $5,964Total equity capital
  • $5,964Total bank equity capital
  • $5,964Perpetual preferred stock
  • $0Common stock
  • $11,007Surplus
  • $0Undivided profits
  • Memoranda
  • $-5,043Noncurrent loans and leases
  • $4,434Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $7,411Earning assets
  • $0Long-term assets (5+ years)
  • $371Average Assets, year-to-date
  • $62,992Average Assets, quarterly
  • $14,706Volatile liabilities
  • $81,256Insider loans
  • $72,852FHLB advances
  • $19,283Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $4,434Total unused commitments
  • $2,640Restructured Loans and leases
  • $863Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $4,867Total interest income
  • $2,311Total interest expense
  • $2,556Net interest income
  • $710Provision for loan and lease losses
  • $123Total noninterest income
  • $0Fiduciary activities
  • $42Service charges on deposit accounts
  • $0Trading account gains & fees
  • $81Additional noninterest income
  • $3,678Total noninterest expense
  • $1,997Salaries and employee benefits
  • $452Premises and equipment expense
  • $1,229Additional noninterest expense
  • -$1,709Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,281Applicable income taxes
  • -$2,990Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,990Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $435Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.55%Yield on earning assets
  • 3.11%Cost of funding earning assets
  • 3.44%Net interest margin
  • 0.17%Noninterest income to earning assets
  • 4.95%Noninterest expense to earning assets
  • -3.68%Net operating income to assets
  • -3.68%Return on assets (ROA)
  • -2.10%Pretax return on assets
  • -37.37%Return on equity (ROE)
  • -37.37%Retained earnings to average equity (YTD only)
  • 0.66%Net charge-offs to loans
  • 163.22%Credit loss provision to net charge-offs
  • -2.30%Efficiency ratio
  • 137,290Assets per employee
  • 3.60%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.09%Loss allowance to noncurrent loans
  • 18.16%Noncurrent assets plus other real estate owned to assets
  • 12.52%Noncurrent loans to loans
  • 11.52%Net loans and leases to deposits
  • 98.17%Net loans and leases to core deposits
  • 135.80%Equity capital to assets
  • 8.29%Core capital (leverage) ratio
  • 7.97%Tier 1 risk-based capital ratio
  • 8.70%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $81,256Average earning assets
  • $8,001Average equity
  • $74,294Average loans

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