Siuslaw Bank in Florence, Oregon (OR)
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| Siuslaw Bank | |
|---|---|
| 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 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 |
| 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) |
| 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 |
| 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 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.65% |
| 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 ratio | 3.27% |
| 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 deposits | 5.20% |
| 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 |
| 10 Oregon Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 12847 | Siuslaw Bank | 777 Highway 101, Florence, OR 97439 | January 17, 1964 | Full Service Brick and Mortar |  |
| 1 | 247039 | Mapleton Branch | 10756 Hwy 126, Mapleton, OR 97453 | October 11, 1968 | Full Service Brick and Mortar |  |
| 2 | 247040 | Pleasant Hill Branch | 35867 Hwy 58, Pleasant Hill, OR 97455 | July 23, 1973 | Full Service Brick and Mortar | |
| 3 | 247041 | Cottage Grove Branch | 25 Gateway Blvd, Cottage Grove, OR 97424 | December 01, 1975 | Full Service Brick and Mortar | |
| 4 | 247042 | Oakridge Branch | 48267 East First Street, Oakridge, OR 97463 | March 01, 1988 | Full Service Brick and Mortar | |
| 5 | 247043 | Eugene Branch | 260 Country Club Drive, Eugene, OR 97401 | November 20, 1987 | Full Service Brick and Mortar | |
| 6 | 13823 | Creswell Branch | 265 East Oregon Avenue, Creswell, OR 97426 | January 26, 1970 | Full Service Brick and Mortar | |
| 7 | 365416 | Springfield Branch | 707 Main Street, Springfield, OR 97477 | Febuary 19, 2002 | Full Service Brick and Mortar | |
| 8 | 365417 | Valley River Branch | 4780 Village Plaza Loop, Eugene, OR 97401 | March 22, 2002 | Full Service Brick and Mortar | |
| 9 | 255293 | Veneta Branch | 88312 Territorial Road, Veneta, OR 97487 | October 01, 1979 | Full Service Brick and Mortar | |
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