FDIC Certificate #: 33231 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Valencia Bank & Trust (#27091) Federal Reserve ID: 1820894 Date Established: December 10, 1990 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 3 (Interstate: No) FDIC's unique #: 46669 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: December 10, 1990 Last Structure Change Effective Date: December 02, 1999 Last Structure Change Process Date: December 22, 1999 Last Data Update: December 22, 1999 Data Source Date: April 05, 2012
Location
Address: 843 West Lancaster Boulevard, Lancaster, CA 93534 County: Los Angeles Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: Los Angeles (North) Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): Los Angeles-Long Beach, CA (#4480) Consolidated Metropolitan Statistical Area (CMSA): Los Angeles-Riverside-Orange County, CA (#49) Combined Statistical Area (CSA): Los Angeles-Long Beach-Riverside, CA (#348) Core Based Statistical Area (CBSA): Los Angeles-Long Beach-Santa Ana, CA (#31100) CBSA Metro Statistical Area: Los Angeles-Long Beach-Santa Ana, CA (#31100) Core Based Statistical Division: Los Angeles-Long Beach-Glendale, CA (#31084)
Financial Summary
Total assets: $38.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
31Total employees (full-time equivalent)
$39,292Total assets
$3,743Cash and due from depository institutions
$796Interest-bearing balances
$7,574Securities
$10,100Federal funds sold & reverse repurchase agreements
$16,557Net loans & leases
$187Loan loss allowance
$0Trading account assets
$880Bank premises and fixed assets
$60Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$378All other assets
$39,292Total liabilities and capital
$35,131Total liabilities
$34,980Total deposits
$20,263Interest-bearing deposits
$34,980Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$151All other liabilities
$4,161Total equity capital
$4,161Total bank equity capital
$4,161Perpetual preferred stock
$0Common stock
$2,114Surplus
$2,059Undivided profits
Memoranda
$-12Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$489Earning assets
$0Long-term assets (5+ years)
$93Average Assets, year-to-date
$35,027Average Assets, quarterly
$973Volatile liabilities
$36,837Insider loans
$38,838FHLB advances
$4,540Loans and leases held for sale
$776Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,045Total unused commitments
$0Restructured Loans and leases
$23,186Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$2,652Total interest income
$622Total interest expense
$2,030Net interest income
$8Provision for loan and lease losses
$534Total noninterest income
$0Fiduciary activities
$416Service charges on deposit accounts
$0Trading account gains & fees
$118Additional noninterest income
$2,393Total noninterest expense
$1,205Salaries and employee benefits
$355Premises and equipment expense
$833Additional noninterest expense
$163Pre-tax net operating income
$0Securities gains (losses)
$64Applicable income taxes
$99Income before extraordinary items
$0Extraordinary gains - net
$99Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$71Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.14%Yield on earning assets
1.91%Cost of funding earning assets
6.23%Net interest margin
1.64%Noninterest income to earning assets
7.34%Noninterest expense to earning assets
0.27%Net operating income to assets
0.27%Return on assets (ROA)
0.44%Pretax return on assets
2.41%Return on equity (ROE)
2.41%Retained earnings to average equity (YTD only)
0.41%Net charge-offs to loans
11.27%Credit loss provision to net charge-offs
2.41%Efficiency ratio
93,331Assets per employee
1.27%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.12%Loss allowance to noncurrent loans
38.24%Noncurrent assets plus other real estate owned to assets
1.40%Noncurrent loans to loans
2.92%Net loans and leases to deposits
47.33%Net loans and leases to core deposits
54.39%Equity capital to assets
10.59%Core capital (leverage) ratio
10.72%Tier 1 risk-based capital ratio
17.89%Total risk-based capital ratio
Memoranda
$19Average assets
$36,837Average earning assets
$4,113Average equity
$32,581Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with First Valley National Bank.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: