Siuslaw Bank in Florence, Oregon (OR)
Overview, Financial Summary, Detailed Financial Reports, Branches

Siuslaw Bank - Overview

  • General
  • FDIC Certificate #: 19006
    Status: Active
    Federal Reserve ID: 849665
    Bank Holding Company (Regulatory Top Holder): Siuslaw Financial Group, Inc. (RSSDID: 3065970, Location: Florence, OR)
    Date Established: January 17, 1964
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 10 (Domestic: 10, Interstate: No)
    OTS Docket #: 9359
    FDIC's unique #: 12847
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 17, 1964
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 777 Highway 101, Florence, OR 97439
    County: Lane
    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): Eugene-Springfield, OR (#2400)
    Core Based Statistical Area (CBSA): Eugene-Springfield, OR (#21660)
    CBSA Metro Statistical Area: Eugene-Springfield, OR (#21660)
  • History of Changes
  • Corrections
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $318.0 mil
    Equity capital: $41.4 mil
    Deposits held in domestic offices: $272.0 mil
    Return on assets (ROA): 0.76% ($2.4 mil)
    Quarterly return on assets: 0.38% ($1.2 mil)
    Return on Equity (ROE): 5.92% ($2.4 mil)
    Quarterly return on equity: 3.00% ($1.2 mil)
    Net income: $2.4 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 0.85% ($2,703.2 mil)
    Quarterly Pretax return on assets: 0.25% ($795.1 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, 2011)

  • Dollar figures in thousands
  • 122Total employees (full-time equivalent)
  • $318,021Total assets
  • $64,792Cash and due from depository institutions
  • $62,445Interest-bearing balances
  • $19,471Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $209,822Net loans & leases
  • $3,678Loan loss allowance
  • $0Trading account assets
  • $5,867Bank premises and fixed assets
  • $1,877Other real estate owned
  • $1,018Goodwill and other intangibles
  • $318,021Life insurance assets
  • $15,174All other assets
  • $276,591Total liabilities and capital
  • $271,983Total liabilities
  • $210,048Total deposits
  • $271,983Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $4,608Subordinated debt
  • $41,430All other liabilities
  • $41,430Total equity capital
  • $41,430Total bank equity capital
  • $0Perpetual preferred stock
  • $4,322Common stock
  • $16,144Surplus
  • $20,964Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $957Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $11,110Income earned, not collected on loans
  • $0Earning assets
  • $886Long-term assets (5+ years)
  • $291,738Average Assets, year-to-date
  • $126,189Average Assets, quarterly
  • $317,300Volatile liabilities
  • $326,660Insider loans
  • $248,366FHLB advances
  • $331,815Loans and leases held for sale
  • $6,389Unused loan commitments
  • $6,389Tier 1 (core) risk-based capital
  • $40,849Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $38,127Restructured Loans and leases
  • $63Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $13,558Total interest income
  • $1,168Total interest expense
  • $12,390Net interest income
  • $1,275Provision for loan and lease losses
  • $4,841Total noninterest income
  • $0Fiduciary activities
  • $469Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4,372Additional noninterest income
  • $13,274Total noninterest expense
  • $7,530Salaries and employee benefits
  • $781Premises and equipment expense
  • $4,963Additional noninterest expense
  • $2,682Pre-tax net operating income
  • $0Securities gains (losses)
  • $264Applicable income taxes
  • $2,418Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,418Net income attributable to bank
  • $0Net charge-offs
  • $2,418Cash dividends
  • $1,211Sale, conversion, retirement of capital stock, net
  • $1,315Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.65%Yield on earning assets
  • 0.40%Cost of funding earning assets
  • 4.25%Net interest margin
  • 1.66%Noninterest income to earning assets
  • 4.55%Noninterest expense to earning assets
  • 0.76%Net operating income to assets
  • 0.76%Return on assets (ROA)
  • 0.85%Pretax return on assets
  • 5.92%Return on equity (ROE)
  • 2.70%Retained earnings to average equity (YTD only)
  • 0.58%Net charge-offs to loans
  • 105.28%Credit loss provision to net charge-offs
  • 3.27%Efficiency ratio
  • 77,036Assets per employee
  • 2.61%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 54.38%Loss allowance to loans
  • 1.72%Loss allowance to noncurrent loans
  • 33.11%Noncurrent assets plus other real estate owned to assets
  • 4.08%Noncurrent loans to loans
  • 5.20%Net loans and leases to deposits
  • 77.15%Net loans and leases to core deposits
  • 78.09%Equity capital to assets
  • 13.03%Core capital (leverage) ratio
  • 12.31%Tier 1 risk-based capital ratio
  • 16.45%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $317,300Average earning assets
  • $40,875Average equity
  • $291,682Average loans

List of branches

  • 10 Oregon Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    012847Siuslaw Bank777 Highway 101, Florence, OR 97439January 17, 1964Full Service Brick and Mortar
    1247039Mapleton Branch10756 Hwy 126, Mapleton, OR 97453October 11, 1968Full Service Brick and Mortar
    2247040Pleasant Hill Branch35867 Hwy 58, Pleasant Hill, OR 97455July 23, 1973Full Service Brick and Mortar
    3247041Cottage Grove Branch25 Gateway Blvd, Cottage Grove, OR 97424December 01, 1975Full Service Brick and Mortar
    4247042Oakridge Branch48267 East First Street, Oakridge, OR 97463March 01, 1988Full Service Brick and Mortar
    5247043Eugene Branch260 Country Club Drive, Eugene, OR 97401November 20, 1987Full Service Brick and Mortar
    613823Creswell Branch265 East Oregon Avenue, Creswell, OR 97426January 26, 1970Full Service Brick and Mortar
    7365416Springfield Branch707 Main Street, Springfield, OR 97477Febuary 19, 2002Full Service Brick and Mortar
    8365417Valley River Branch4780 Village Plaza Loop, Eugene, OR 97401March 22, 2002Full Service Brick and Mortar
    9255293Veneta Branch88312 Territorial Road, Veneta, OR 97487October 01, 1979Full Service Brick and Mortar

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