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



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West Coast Bank
GeneralFDIC 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
LocationAddress: 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 ChangesCorrections
Financial SummaryTotal 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)
Total employees (full-time equivalent)696
Total assets$2,424,832
Cash and due from depository institutions$87,469
Interest-bearing balances$27,514
Securities$726,510
Federal funds sold & reverse repurchase agreements$4,758
Net loans & leases$1,469,370
Loan loss allowance $35,212
Trading account assets$1,330
Bank premises and fixed assets$23,186
Other real estate owned$30,823
Goodwill and other intangibles$0
All other assets$81,386
Life insurance assets$2,424,832
Total liabilities and capital$2,072,645
Total liabilities$1,925,567
Total deposits$1,535,414
Interest-bearing deposits$1,925,567
Deposits held in domestic offices$89
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$120,000
Other borrowed funds $0
Subordinated debt $27,078
All other liabilities $352,187
Total equity capital$352,187
Total bank equity capital$352,187
Perpetual preferred stock$0
Common stock$900
Surplus$241,518
Undivided profits $109,769
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $3,281
Income earned, not collected on loans $40,597
Earning assets $1,015
Long-term assets (5+ years) $9,355
Average Assets, year-to-date $2,229,482
Average Assets, quarterly $583,657
Volatile liabilities $2,460,513
Insider loans $2,470,584
FHLB advances $1,834,165
Loans and leases held for sale $2,427,978
Unused loan commitments $25,932
Tier 1 (core) risk-based capital $25,932
Tier 2 risk-based capital $342,213
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $565,998
Derivatives$6,276
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $99,912
Total interest expense $16,744
Net interest income $83,168
Provision for loan and lease losses $8,212
Total noninterest income $27,677
Fiduciary activities $0
Service charges on deposit accounts $13,510
Trading account gains & fees $0
Additional noninterest income $14,167
Total noninterest expense $87,917
Salaries and employee benefits $46,659
Premises and equipment expense $12,427
Additional noninterest expense $28,831
Pre-tax net operating income $14,716
Securities gains (losses) $534
Applicable income taxes -$19,555
Income before extraordinary items $34,805
Extraordinary gains - net $0
Net income attributable to bank $34,805
Net charge-offs $0
Cash dividends $34,805
Sale, conversion, retirement of capital stock, net $13,217
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 assets4.39%
Cost of funding earning assets 0.73%
Net interest margin 3.65%
Noninterest income to earning assets 1.21%
Noninterest expense to earning assets 3.86%
Net operating income to assets 1.39%
Return on assets (ROA) 1.41%
Pretax return on assets 0.62%
Return on equity (ROE) 10.64%
Retained earnings to average equity (YTD only) 10.64%
Net charge-offs to loans 0.87%
Credit loss provision to net charge-offs 62.13%
Efficiency ratio1.73%
Assets per employee$78,992
Cash dividends to net income (YTD only)3.48%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.34%
Noncurrent assets plus other real estate owned to assets 86.74%
Noncurrent loans to loans 3.06%
Net loans and leases to deposits2.70%
Net loans and leases to core deposits 76.31%
Equity capital to assets 77.23%
Core capital (leverage) ratio 14.52%
Tier 1 risk-based capital ratio 14.09%
Total risk-based capital ratio 18.66%
Memoranda
Average assets$20
Average earning assets$2,460,513
Average equity $327,137
Average loans $2,278,119
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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
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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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