Syringa Bank in Boise, Idaho (ID)



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Syringa Bank
GeneralFDIC Certificate #: 34296
Status: Active
Federal Reserve ID: 2540537
Bank Holding Company (Regulatory Top Holder): Syringa Bancorp (RSSDID: 3338861, Location: Boise, ID)
Date Established: Febuary 24, 1997
WWW: http://www.syringabank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 6 (Domestic: 6, Interstate: No)
FDIC's unique #: 57055
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: Febuary 24, 1997
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: 1299 North Orchard, Boise, ID 83706
County: Ada
Quarterly Banking Profile Region: San Francisco
FDIC Geographic Region: San Francisco
FDIC Supervisory Region: San Francisco
FDIC Field Office: Salt Lake City
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Metropolitan Statistical Area (MSA): Boise City, ID (#1080)
Core Based Statistical Area (CBSA): Boise City-Nampa, ID (#14260)
CBSA Metro Statistical Area: Boise City-Nampa, ID (#14260)
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $197.4 mil
Equity capital: $8.3 mil
Deposits held in domestic offices: $172.5 mil
Return on assets (ROA): -2.48% (-$4.9 mil)
Quarterly return on assets: -4.89% (-$9.6 mil)
Return on Equity (ROE): -47.42% (-$3.8 mil)
Quarterly return on equity: -103.65% (-$8.3 mil)
Net income: -$5.3 mil
Quarterly Net income: -$2.5 mil
Pretax return on assets: -2.48% (-$4,896.5 mil)
Quarterly Pretax return on assets: -4.89% (-$9,654.8 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)70
Total assets$197,439
Cash and due from depository institutions$6,041
Interest-bearing balances$205
Securities$12,481
Federal funds sold & reverse repurchase agreements$9,311
Net loans & leases$158,843
Loan loss allowance $3,801
Trading account assets$0
Bank premises and fixed assets$2,551
Other real estate owned$4,586
Goodwill and other intangibles$0
All other assets$3,626
Life insurance assets$197,439
Total liabilities and capital$189,155
Total liabilities$172,513
Total deposits$138,680
Interest-bearing deposits$172,513
Deposits held in domestic offices$97
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$16,000
Other borrowed funds $0
Subordinated debt $642
All other liabilities $8,284
Total equity capital$8,284
Total bank equity capital$8,284
Perpetual preferred stock$0
Common stock$5,082
Surplus$43,765
Undivided profits $-40,563
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $401
Income earned, not collected on loans $7,514
Earning assets $723
Long-term assets (5+ years) $613
Average Assets, year-to-date $180,840
Average Assets, quarterly $41,369
Volatile liabilities $213,603
Insider loans $202,104
FHLB advances $166,125
Loans and leases held for sale $202,140
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $7,981
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $27,922
Derivatives$5,037
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $10,268
Total interest expense $2,232
Net interest income $8,036
Provision for loan and lease losses $3,127
Total noninterest income -$628
Fiduciary activities $0
Service charges on deposit accounts $264
Trading account gains & fees $0
Additional noninterest income -$892
Total noninterest expense $9,588
Salaries and employee benefits $4,778
Premises and equipment expense $1,477
Additional noninterest expense $3,333
Pre-tax net operating income -$5,307
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items -$5,307
Extraordinary gains - net $0
Net income attributable to bank -$5,307
Net charge-offs $0
Cash dividends -$5,307
Sale, conversion, retirement of capital stock, net $3,616
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.25%
Cost of funding earning assets 1.14%
Net interest margin 4.11%
Noninterest income to earning assets -0.32%
Noninterest expense to earning assets 4.91%
Net operating income to assets -2.48%
Return on assets (ROA) -2.48%
Pretax return on assets -2.48%
Return on equity (ROE) -47.42%
Retained earnings to average equity (YTD only) -47.42%
Net charge-offs to loans 2.07%
Credit loss provision to net charge-offs 86.48%
Efficiency ratio-0.60%
Assets per employee$129,428
Cash dividends to net income (YTD only)2.82%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.34%
Noncurrent assets plus other real estate owned to assets 50.59%
Noncurrent loans to loans 6.13%
Net loans and leases to deposits4.62%
Net loans and leases to core deposits 92.08%
Equity capital to assets 97.63%
Core capital (leverage) ratio 4.20%
Tier 1 risk-based capital ratio 3.95%
Total risk-based capital ratio 4.80%
Memoranda
Average assets$6
Average earning assets$213,603
Average equity $11,192
Average loans $195,473
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6 Idaho Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
057055Syringa Bank1299 North Orchard, Boise, ID 83706Febuary 24, 1997Full Service Brick and Mortar
1429953Crossroads-Meridian Branch3671 East Fairview Avenue, Meridian, ID 83642January 01, 2002Full Service Brick and Mortar
2429954One Capital Center Branch999 Main Street, Suite 100, Boise, ID 83702July 04, 2002Full Service Brick and Mortar
3453078Eagle Promenade Branch3172 E State St, Eagle, ID 83616December 05, 2005Full Service Brick and Mortar
5457984Middleton Branch1028 W. Main Street, Middleton, ID 83644November 20, 2006Full Service Brick and Mortar
6476100Lewiston Main Branch1005 Bryden, Lewiston, ID 83501June 02, 2008Full Service Brick and Mortar
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