FDIC Certificate #: 23139 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:PremierWest Bank (#32975) Federal Reserve ID: 216968 Date Established: June 23, 1980 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 8 (Interstate: No) FDIC's unique #: 16210 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: June 23, 1980 Last Structure Change Effective Date: April 16, 2001 Last Structure Change Process Date: August 08, 2001 Last Data Update: August 08, 2001 Data Source Date: April 05, 2012
Location
Address: 123 North Main Street, Yreka, CA 96097 County: Siskiyou Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: Sacramento Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western
Financial Summary
Total assets: $98.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
64Total employees (full-time equivalent)
$92,944Total assets
$9,550Cash and due from depository institutions
$100Interest-bearing balances
$18,692Securities
$1,600Federal funds sold & reverse repurchase agreements
$57,366Net loans & leases
$525Loan loss allowance
$0Trading account assets
$1,745Bank premises and fixed assets
$396Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$3,595All other assets
$92,944Total liabilities and capital
$84,510Total liabilities
$83,805Total deposits
$65,933Interest-bearing deposits
$83,805Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$705All other liabilities
$8,434Total equity capital
$8,434Total bank equity capital
$8,434Perpetual preferred stock
$0Common stock
$2,294Surplus
$699Undivided profits
Memoranda
$5,441Noncurrent loans and leases
$7,181Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$495Earning assets
$0Long-term assets (5+ years)
$603Average Assets, year-to-date
$77,758Average Assets, quarterly
$8,859Volatile liabilities
$93,538Insider loans
$94,747FHLB advances
$7,583Loans and leases held for sale
$819Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$7,181Total unused commitments
$0Restructured Loans and leases
$525Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$6,926Total interest income
$2,458Total interest expense
$4,468Net interest income
$157Provision for loan and lease losses
$544Total noninterest income
$0Fiduciary activities
$306Service charges on deposit accounts
$0Trading account gains & fees
$238Additional noninterest income
$3,417Total noninterest expense
$1,996Salaries and employee benefits
$577Premises and equipment expense
$844Additional noninterest expense
$1,438Pre-tax net operating income
$0Securities gains (losses)
$462Applicable income taxes
$976Income before extraordinary items
$0Extraordinary gains - net
$976Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$4Sale, conversion, retirement of capital stock, net
$609Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.68%Yield on earning assets
3.08%Cost of funding earning assets
5.60%Net interest margin
0.68%Noninterest income to earning assets
4.28%Noninterest expense to earning assets
1.04%Net operating income to assets
1.04%Return on assets (ROA)
1.54%Pretax return on assets
12.11%Return on equity (ROE)
4.55%Retained earnings to average equity (YTD only)
0.01%Net charge-offs to loans
3925.00%Credit loss provision to net charge-offs
398.75%Efficiency ratio
68,176Assets per employee
1.45%Cash dividends to net income (YTD only)
Condition Ratios (%)
62.40%Loss allowance to loans
0.91%Loss allowance to noncurrent loans
106.06%Noncurrent assets plus other real estate owned to assets
0.96%Noncurrent loans to loans
0.86%Net loans and leases to deposits
68.45%Net loans and leases to core deposits
75.26%Equity capital to assets
9.07%Core capital (leverage) ratio
8.96%Tier 1 risk-based capital ratio
12.26%Total risk-based capital ratio
Memoranda
$13Average assets
$93,538Average earning assets
$8,061Average equity
$79,779Average loans
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