Oregon Coast Bank is headquartered in Newport and is the 14st largest bank in the state of Oregon. It is also the 3,316st largest bank in the nation. It was established in 2002 and as of December of 2013, it had grown to 43 employees at 5 locations. Oregon Coast Bank has a A health rating.
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Data for Q4 2013
Institution Health
Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Oregon Coast Bank had $940,000 in non-current loans and owned real-estate with $21.2 million in equity and loan loss allowances on hand to cover it. This gives Oregon Coast Bank a Texas Ratio of 4.43% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Oregon Coast Bank decreased dramatically from 16.51% as of December 31, 2012 to 4.43% as of December 31, 2013, resulting in a positive change of 73.15%.This indicates that the balance sheet and financial strength for Oregon Coast Bank has improved dramatically in recent periods.
Deposit Growth
In the past year, Oregon Coast Bank has decreased its total deposits by -$6.18 million, resulting in -3.9% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Oregon Coast Bank has shown is below average.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Oregon Coast Bank has $177.12 million in assets with $21.2 million in equity, resulting in a capitalization level of 11.97%, which is excellent.
Institution Statistics
| Overall | |
|---|---|
| FDIC Certificate # | 57373 |
| Year Established | 2002 |
| Employees | 43 |
| Primary Regulator | FDIC |
| Assets and Liabilities | |
|---|---|
| Assets | $177.12 million |
| Loans | $76.83 million |
| Deposits | $152.18 million |
| Equity Capital | $19.88 million |
| Loan Loss Allowance | $1.32 million |
| Unbacked Noncurrent Loans | $83,000 |
| Real Estate Owned | $857,000 |
| Historic Data - December 2012 | |
|---|---|
| Assets | $178.36 million |
| Equity Capital | $19.46 million |
| Loan Loss Allowance | $1.52 million |
| Unbacked Noncurrent Loans | $83,000 |
| Real Estate Owned | $1.25 million |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 4.1% |
| Return on Assets | 1.49% |
| Return on Equity | 13.53% |
| Interest Income | $7.26 million |
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Oregon Coast Bank Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.50% | - | - | Club Account | |
| 0.50% | - | - | HSA | |
| 0.20% | - | - | Classic Savings |
Oregon Coast Bank Money Market Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.30% | $100k | - | Money Market Savings |
Oregon Coast Bank Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.20% | - | - | Premier Interest Checking | |
| 0.10% | - | - | Interest Checking |
Oregon Coast Bank CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.00% | $1k | - | 48 Month CD | |
| 0.90% | $1k | - | 36 Month CD | |
| 0.75% | $1k | - | 24 Month CD | |
| 0.75% | $1k | - | 24 Month Variable CD | |
| 0.50% | $1k | - | 12 Month CD | |
| 0.50% | $1k | - | 12 Month Variable CD | |
| 0.35% | $1k | - | 182 Day CD | |
| 0.25% | $1k | - | 91 Day CD | |
| 0.15% | $1k | - | 30 Day CD |
Oregon Coast Bank IRA Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.75% | $1k | - | 24 Month Fixed IRA | |
| 0.75% | $1k | - | 24 Month Variable IRA | |
| 0.50% | $1k | - | 12 Month Fixed IRA | |
| 0.50% | $1k | - | 12 Month Variable IRA |
| Oregon Coast Bank Locations | ||
|---|---|---|
| Lincoln City Branch | 1298 Sw Harbor Ave | Lincoln City, OR 97367 |
| Waldport Branch | 285 NW Maple Street | Waldport, OR 97394 |
| Toledo Branch | 305 NW First St | Toledo, OR 97391 |
| Pacific City Branch | 35940 Airport Way | Pacific City, OR 97135 |
| Oregon Coast Bank | 909 Se Bay Boulevard | Newport, OR 97365 |