Oregon Coast Bank is headquartered in Newport and is the 12th largest bank in the state of Oregon. It is also the 2,099th largest bank in the nation. It was established in 2002 and as of March of 2021, it had grown to 55 employees at 6 locations. Oregon Coast Bank has an A health rating.
When I moved to the Oregon Coast I needed to open a new checking account because the bank I was with previously was a local bank in Utah and Idaho but did not have any locations in Oregon. I was working and living temporarily (until I could find an apartment) at the Alsi Resort in Waldport, Oregon, and opened a new checking account with the Oregon Coast Bank in the same town. I remember telling my daughter how great local banks are because I felt as if they treat you like a person and not a number. A few weeks later, I was sick on pay day and did not deposit my check until about a week later and when I went in to deposit my check, the bank teller told me my account was closed. I asked why and they told me that due to no activity in almost a month that they had to close it. I was appalled! They treated me like an outsider and judged me because of my situation of living at a motel temporarily. Even though they didn't say it, I think they feared me using the account and then taking off and not being found. I was humiliated and judged! This experience changed my attitude with local banks and now I only bank with Wells Fargo.
|FDIC Certificate #||57373|
|Return on Assets - YTD||1.68%|
|Return on Equity - YTD||17.67%|
|Annual Interest Income||$3.4MM|
|Assets and Liabilities|
|Assets||Q1 2021vs Q1 2020||$377.4MM$267.3MM|
|Loans||Q1 2021vs Q1 2020||$181.3MM$142.4MM|
|Deposits||Q1 2021vs Q1 2020||$343.7MM$236.9MM|
|Equity Capital||Q1 2021vs Q1 2020||$33.4MM$30.1MM|
|Loan Loss Allowance||Q1 2021vs Q1 2020||$2.2MM$1.5MM|
|Unbacked Noncurrent Loans||Q1 2021vs Q1 2020||$1.2MM$1.2MM|
|Real Estate Owned||Q1 2021vs Q1 2020||$0$0|
Sorry, we do not have rate data for Oregon Coast Bank.
|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|
|Tillamook Branch||2211 North Highway 101||Tillamook, OR 97141|