Siuslaw Bank in Florence, Oregon (OR)



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Siuslaw Bank
GeneralFDIC 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
WWW: http://www.siuslawbank.com
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
LocationAddress: 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 ChangesCorrections
Merge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)122
Total assets$318,021
Cash and due from depository institutions$64,792
Interest-bearing balances$62,445
Securities$19,471
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$209,822
Loan loss allowance $3,678
Trading account assets$0
Bank premises and fixed assets$5,867
Other real estate owned$1,877
Goodwill and other intangibles$1,018
All other assets$15,174
Life insurance assets$318,021
Total liabilities and capital$276,591
Total liabilities$271,983
Total deposits$210,048
Interest-bearing deposits$271,983
Deposits held in domestic offices$95
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $4,608
All other liabilities $41,430
Total equity capital$41,430
Total bank equity capital$41,430
Perpetual preferred stock$0
Common stock$4,322
Surplus$16,144
Undivided profits $20,964
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $957
Income earned, not collected on loans $11,110
Earning assets $0
Long-term assets (5+ years) $886
Average Assets, year-to-date $291,738
Average Assets, quarterly $126,189
Volatile liabilities $317,300
Insider loans $326,660
FHLB advances $248,366
Loans and leases held for sale $331,815
Unused loan commitments $6,389
Tier 1 (core) risk-based capital $6,389
Tier 2 risk-based capital $40,849
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $38,127
Derivatives$63
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $13,558
Total interest expense $1,168
Net interest income $12,390
Provision for loan and lease losses $1,275
Total noninterest income $4,841
Fiduciary activities $0
Service charges on deposit accounts $469
Trading account gains & fees $0
Additional noninterest income $4,372
Total noninterest expense $13,274
Salaries and employee benefits $7,530
Premises and equipment expense $781
Additional noninterest expense $4,963
Pre-tax net operating income $2,682
Securities gains (losses) $0
Applicable income taxes $264
Income before extraordinary items $2,418
Extraordinary gains - net $0
Net income attributable to bank $2,418
Net charge-offs $0
Cash dividends $2,418
Sale, conversion, retirement of capital stock, net $1,211
Net operating income $1,315
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.65%
Cost of funding earning assets 0.40%
Net interest margin 4.25%
Noninterest income to earning assets 1.66%
Noninterest expense to earning assets 4.55%
Net operating income to assets 0.76%
Return on assets (ROA) 0.76%
Pretax return on assets 0.85%
Return on equity (ROE) 5.92%
Retained earnings to average equity (YTD only) 2.70%
Net charge-offs to loans 0.58%
Credit loss provision to net charge-offs 105.28%
Efficiency ratio3.27%
Assets per employee$77,036
Cash dividends to net income (YTD only)2.61%
Condition Ratios (%)
Loss allowance to loans 54.38%
Loss allowance to noncurrent loans 1.72%
Noncurrent assets plus other real estate owned to assets 33.11%
Noncurrent loans to loans 4.08%
Net loans and leases to deposits5.20%
Net loans and leases to core deposits 77.15%
Equity capital to assets 78.09%
Core capital (leverage) ratio 13.03%
Tier 1 risk-based capital ratio 12.31%
Total risk-based capital ratio 16.45%
Memoranda
Average assets$18
Average earning assets$317,300
Average equity $40,875
Average loans $291,682
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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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