West Coast Bank in Lake Oswego, Oregon (OR), WA
Overview, Financial Summary, Detailed Financial Reports, Branches


  • West Coast Bank in Lake Oswego, Oregon (OR), WA
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West Coast Bank - Overview

  • General
  • FDIC Certificate #: 2345
    Status: Active
    Federal Reserve ID: 593865
    Bank Holding Company (Regulatory Top Holder): West Coast Bancorp (RSSDID: 1029893, Location: Lake Oswego, OR)
    Date Established: January 01, 1925
    WWW: http://www.wcb.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 64 (Domestic: 64, Interstate: Yes)
    OTS Docket #: 9271
    FDIC's unique #: 1552
    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 01, 1934
    Last Structure Change Effective Date: September 28, 2009
    Last Structure Change Process Date: September 16, 2010
    Last Data Update: September 16, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 5335 Sw Meadows Road, Suite 201, Lake Oswego, OR 97035
    County: Clackamas
    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): Portland-Vancouver, OR-WA (#6440)
    Consolidated Metropolitan Statistical Area (CMSA): Portland-Salem, OR-WA (#79)
    Core Based Statistical Area (CBSA): Portland-Vancouver-Hillsboro, OR-WA (#38900)
    CBSA Metro Statistical Area: Portland-Vancouver-Hillsboro, OR-WA (#38900)
  • History of Changes
  • Corrections
  • Financial Summary
  • Total assets: $2,424.8 mil
    Equity capital: $352.2 mil
    Deposits held in domestic offices: $1,925.6 mil
    Return on assets (ROA): 1.41% ($34.2 mil)
    Quarterly return on assets: 2.92% ($70.8 mil)
    Return on Equity (ROE): 10.64% ($37.5 mil)
    Quarterly return on equity: 20.98% ($73.8 mil)
    Net income: $34.8 mil
    Quarterly Net income: $18.0 mil
    Pretax return on assets: 0.62% ($15,034.0 mil)
    Quarterly Pretax return on assets: 0.09% ($2,182.3 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
  • 696Total employees (full-time equivalent)
  • $2,424,832Total assets
  • $87,469Cash and due from depository institutions
  • $27,514Interest-bearing balances
  • $726,510Securities
  • $4,758Federal funds sold & reverse repurchase agreements
  • $1,469,370Net loans & leases
  • $35,212Loan loss allowance
  • $1,330Trading account assets
  • $23,186Bank premises and fixed assets
  • $30,823Other real estate owned
  • $0Goodwill and other intangibles
  • $2,424,832Life insurance assets
  • $81,386All other assets
  • $2,072,645Total liabilities and capital
  • $1,925,567Total liabilities
  • $1,535,414Total deposits
  • $1,925,567Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $120,000Trading liabilities
  • $0Other borrowed funds
  • $27,078Subordinated debt
  • $352,187All other liabilities
  • $352,187Total equity capital
  • $352,187Total bank equity capital
  • $0Perpetual preferred stock
  • $900Common stock
  • $241,518Surplus
  • $109,769Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $3,281Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $40,597Income earned, not collected on loans
  • $1,015Earning assets
  • $9,355Long-term assets (5+ years)
  • $2,229,482Average Assets, year-to-date
  • $583,657Average Assets, quarterly
  • $2,460,513Volatile liabilities
  • $2,470,584Insider loans
  • $1,834,165FHLB advances
  • $2,427,978Loans and leases held for sale
  • $25,932Unused loan commitments
  • $25,932Tier 1 (core) risk-based capital
  • $342,213Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $565,998Restructured Loans and leases
  • $6,276Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $99,912Total interest income
  • $16,744Total interest expense
  • $83,168Net interest income
  • $8,212Provision for loan and lease losses
  • $27,677Total noninterest income
  • $0Fiduciary activities
  • $13,510Service charges on deposit accounts
  • $0Trading account gains & fees
  • $14,167Additional noninterest income
  • $87,917Total noninterest expense
  • $46,659Salaries and employee benefits
  • $12,427Premises and equipment expense
  • $28,831Additional noninterest expense
  • $14,716Pre-tax net operating income
  • $534Securities gains (losses)
  • -$19,555Applicable income taxes
  • $34,805Income before extraordinary items
  • $0Extraordinary gains - net
  • $34,805Net income attributable to bank
  • $0Net charge-offs
  • $34,805Cash dividends
  • $13,217Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.39%Yield on earning assets
  • 0.73%Cost of funding earning assets
  • 3.65%Net interest margin
  • 1.21%Noninterest income to earning assets
  • 3.86%Noninterest expense to earning assets
  • 1.39%Net operating income to assets
  • 1.41%Return on assets (ROA)
  • 0.62%Pretax return on assets
  • 10.64%Return on equity (ROE)
  • 10.64%Retained earnings to average equity (YTD only)
  • 0.87%Net charge-offs to loans
  • 62.13%Credit loss provision to net charge-offs
  • 1.73%Efficiency ratio
  • 78,992Assets per employee
  • 3.48%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.34%Loss allowance to noncurrent loans
  • 86.74%Noncurrent assets plus other real estate owned to assets
  • 3.06%Noncurrent loans to loans
  • 2.70%Net loans and leases to deposits
  • 76.31%Net loans and leases to core deposits
  • 77.23%Equity capital to assets
  • 14.52%Core capital (leverage) ratio
  • 14.09%Tier 1 risk-based capital ratio
  • 18.66%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $2,460,513Average earning assets
  • $327,137Average equity
  • $2,278,119Average loans

List of branches

  • 51 Oregon Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01552West Coast Bank5335 Sw Meadows Road, Suite 201, Lake Oswego, OR 97035January 01, 1925Full Service Brick and Mortar
    1192519Waldport Branch425 Northwest Hemlock, Waldport, OR 97394April 16, 1965Full Service Brick and Mortar
    2192520Newport North Branch2350 North Coast Highway, Newport, OR 97365August 21, 1978Full Service Brick and Mortar
    5192523Lincoln City Branch4157 North Highway 101, Suite 135, Lincoln City, OR 97367July 15, 1988Full Service Brick and Mortar
    6192524Depoe Bay Branch541 Northwest Highway 101, Depoe Bay, OR 97341September 03, 1991Full Service Brick and Mortar
    7192525Lake Oswego Banking Branch5000 Southwest Meadows Road, Lake Oswego, OR 97035January 26, 1992Full Service Brick and Mortar
    9192527Clackamas Banking Branch11690 Se 82nd Avenue, Portland, OR 97086May 08, 1995Full Service Brick and Mortar
    10192528Portland Banking Branch1000 Southwest Broadway, Suite 1100, Portland, OR 97205March 01, 1995Full Service Brick and Mortar
    1116335Forest Grove Branch4110 Pacific Avenue, Forest Grove, OR 97116January 02, 1981Full Service Brick and Mortar
    12256190North Plains Branch10355 Nw Glencoe Road, Suite 100, North Plains, OR 97133June 29, 1984Full Service Brick and Mortar
    13256191Hillsboro Branch310 Southeast Washington Street, Hillsboro, OR 97123October 04, 1993Full Service Brick and Mortar
    2211382Salem Branch550 Center Street, N.E., Salem, OR 97308January 03, 1955Full Service Brick and Mortar
    23241554East Salem Branch510 Lancaster Drive, N.E., Salem, OR 97301December 15, 1965Full Service Brick and Mortar
    24241555West Salem Branch1060 Wallace Road, N.W., Salem, OR 97304December 15, 1965Full Service Brick and Mortar
    25241556Silverton Branch315 East Main Street, Silverton, OR 97381January 03, 1961Full Service Brick and Mortar
    26241557Monmouth Branch200 East Main Street, Monmouth, OR 97361January 08, 1968Full Service Brick and Mortar
    27241558Molalla Branch401 East Main Street, Molalla, OR 97038May 10, 1968Full Service Brick and Mortar
    28241559Newberg Branch3500 Portland Rd, Newberg, OR 97132January 04, 1971Full Service Brick and Mortar
    29241560South Salem Branch3305 Commercial Street South, Salem, OR 97302September 29, 1975Full Service Brick and Mortar
    30241561Keizer Branch4260 River Road, North, Salem, OR 97303October 03, 1977Full Service Brick and Mortar
    31241563Williamette Lutheran Branch7693 Wheatland Rd Ne, Keizer, OR 97303November 27, 1990Limited Service Mobile
    32241564Keizer Retirement Branch5210 River Rd N, Keizer, OR 97303November 28, 1990Limited Service Mobile
    33241565Wilsonville Branch29702 Southwest Town Center Loop West, Wilsonville, OR 97070June 16, 1991Full Service Brick and Mortar
    34241566Tigard Branch11675 Southwest Pacific Highway, Tigard, OR 97223October 19, 1994Full Service Brick and Mortar
    3517228Dallas Branch150 West Ellendale Avenue, Dallas, OR 97338December 16, 1983Full Service Brick and Mortar
    36241567Woodburn East Branch1755 Mount Hood Avenue Suite 120, Woodburn, OR 97071Febuary 27, 1995Full Service Brick and Mortar
    38241569Marion Estates390 Church St Se, Sublimity, OR 97385November 18, 1996Limited Service Mobile
    39241570King City15340 Sw Royalty Parkway, King City, OR 97224August 26, 1996Full Service Brick and Mortar
    40241571Stayton Branch1800 A Wilco Rd, Stayton, OR 97383June 20, 1998Full Service Brick and Mortar
    43192529Newport Main506 Southwest Coast Highway, Newport, OR 97365December 31, 1998Full Service Brick and Mortar
    44192530Mcminnville Branch2214 Mcdonald Lane, Mc Minnville, OR 97128January 25, 1999Full Service Brick and Mortar
    47357045Home/Phone Banking Branch2755 Pence Loop Se, Salem, OR 97302April 01, 2000Limited Service Administrative
    48360869Canby Branch1455 Se First, Canby, OR 97013May 01, 2001Full Service Brick and Mortar
    49365413Cornelius Pass Branch21995 Nw Imbrie Drive, Hillsboro, OR 97124October 15, 2001Full Service Brick and Mortar
    50419523122nd & Airport Way Branch5083 Ne 122nd Ave, Portland, OR 97230June 01, 2003Full Service Brick and Mortar
    51419524Eugene North Branch1005 Green Acres Rd Ste 101, Eugene, OR 97408June 01, 2003Full Service Brick and Mortar
    52419525Pearl District Branch1207 Nw Glisan, Portland, OR 97209July 01, 2002Full Service Brick and Mortar
    53419526Beaverton Branch3600 Sw Cedar Hills Blvd, Beaverton, OR 97005July 15, 2002Full Service Brick and Mortar
    55426540Raleigh Hills4805 Sw 77th Avenue, Portland, OR 97225October 08, 2003Full Service Brick and Mortar
    57442923Tualatin-Sherwood Branch8805 Sw Tualatin-Sherwood Rd, Tualatin, OR 97062September 20, 2004Full Service Brick and Mortar
    58442924Salem Battle Creek Branch5686 Commercial St Se, Salem, OR 97306September 08, 2004Full Service Brick and Mortar
    59442925Gresham Branch473 Nw Burnside Rd, Gresham, OR 97030October 18, 2004Full Service Brick and Mortar
    65428178Country Meadows Retirement155 South Evergreen Road, Woodburn, OR 97071May 03, 2004Limited Service Mobile
    66451192Woodburn West Branch2540 Newberg Highway, Woodburn, OR 97071April 25, 2005Full Service Brick and Mortar
    68453962Mt. Angel Branch160 E. Charles St, Mount Angel, OR 97362June 23, 2006Full Service Brick and Mortar
    69462248Bend East Branch62080 Dean Swift Road, Suite 180, Bend, OR 97701April 02, 2007Full Service Brick and Mortar
    71465928Mlk Branch1234 Se Martin Luther King Jr Blvd, Portland, OR 97214June 06, 2007Full Service Brick and Mortar
    73470584Oregon City Branch19550 Molalla Avenue, Suite 139, Oregon City, OR 97045December 03, 2007Full Service Brick and Mortar
    74470585West Eugene Branch874 Seneca Road, Eugene, OR 97402October 15, 2007Full Service Brick and Mortar
    75478767Happy Valley Branch15820 Se Happy Valley Town Center Dr, Happy Valley, OR 97086March 24, 2008Full Service Brick and Mortar
    76493032Dundee Branch1410 North Highway 99, Dundee, OR 97115January 05, 2009Full Service Brick and Mortar
  • 12 Washington Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    1515193West Olympia Branch2850 Harrison Avenue, N.W., Olympia, WA 98502Febuary 10, 1975Full Service Brick and Mortar
    16253725Hoodsport Branch24341 Sthy 101, Hoodsport, WA 98548December 17, 1977Full Service Brick and Mortar
    17253727Shelton Branch2307 Olympic Highway North, Shelton, WA 98584July 20, 1987Full Service Brick and Mortar
    18253728Lacey Branch665 Woodland Square Loop, Southeast, Lacey, WA 98503Febuary 01, 1989Full Service Brick and Mortar
    19253729Downtown Olympia Branch303 Union Southeast, Olympia, WA 98507June 26, 1995Full Service Brick and Mortar
    2016384Centralia Branch1100 North Harrison Avenue, Centralia, WA 98531March 30, 1981Full Service Brick and Mortar
    21256280Chehalis Branch290 Nw Chehalis Avenue, Chehalis, WA 98532July 27, 1994Full Service Brick and Mortar
    4140270Vancouver Branch500 E. Broadway, Suite 100, Vancouver, WA 98660June 27, 1989Full Service Brick and Mortar
    45192531Salmon Creek Branch13305 Ne Highway 99, Suite 106, Vancouver, WA 98686June 01, 1999Full Service Brick and Mortar
    56442922Orchards Branch7500 Ne 117th Ave, Vancouver, WA 98662October 21, 2004Full Service Brick and Mortar
    70465927Tukwila Branch400 Industry Drive Suite 110, Tukwila, WA 98188December 04, 2006Full Service Brick and Mortar
    72465929Hawks Prairie Branch8140 Freedom Lane Bldg E Sutie A, Lacey, WA 98516July 31, 2006Full Service Brick and Mortar

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