FDIC Certificate #: 58278 Status: Active Federal Reserve ID: 3440803 Date Established: April 24, 2006 WWW:http://www.goldenvalleybank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 445242 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: April 24, 2006 Last Structure Change Effective Date: April 26, 2006 Last Structure Change Process Date: April 26, 2006 Last Data Update: April 26, 2006 Data Source Date: April 05, 2012
Location
Address: 190 Cohasset Road, Suite 170, Chico, CA 95926 County: Butte Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: Sacramento Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): Chico-Paradise, CA (#1620) Core Based Statistical Area (CBSA): Chico, CA (#17020) CBSA Metro Statistical Area: Chico, CA (#17020)
History of Changes
Change in Geographic Region/Area/Territory/Field Office
Financial Summary
Total assets: $110.7 mil Equity capital: $16.6 mil Deposits held in domestic offices: $93.2 mil Return on assets (ROA): 0.85% ($0.9 mil) Quarterly return on assets: 1.14% ($1.3 mil) Return on Equity (ROE): 5.69% ($1.0 mil) Quarterly return on equity: 7.64% ($1.3 mil) Net income: $0.9 mil Quarterly Net income: $0.3 mil Pretax return on assets: 1.12% ($1,239.8 mil) Quarterly Pretax return on assets: 1.62% ($1,793.3 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
26Total employees (full-time equivalent)
$110,695Total assets
$19,204Cash and due from depository institutions
$16,140Interest-bearing balances
$16,340Securities
$0Federal funds sold & reverse repurchase agreements
$71,562Net loans & leases
$1,489Loan loss allowance
$0Trading account assets
$764Bank premises and fixed assets
$324Other real estate owned
$0Goodwill and other intangibles
$110,695Life insurance assets
$2,501All other assets
$94,143Total liabilities and capital
$93,196Total liabilities
$68,952Total deposits
$93,196Interest-bearing deposits
$82Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$947Subordinated debt
$16,552All other liabilities
$16,552Total equity capital
$16,552Total bank equity capital
$0Perpetual preferred stock
$15,448Common stock
$884Surplus
$220Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$466Income earned, not collected on loans
$0Earning assets
$310Long-term assets (5+ years)
$104,042Average Assets, year-to-date
$40,329Average Assets, quarterly
$106,854Volatile liabilities
$109,693Insider loans
$78,976FHLB advances
$111,185Loans and leases held for sale
$506Unused loan commitments
$506Tier 1 (core) risk-based capital
$16,353Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$21,055Restructured Loans and leases
$3,310Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$5,056Total interest income
$353Total interest expense
$4,703Net interest income
$310Provision for loan and lease losses
$424Total noninterest income
$0Fiduciary activities
$109Service charges on deposit accounts
$0Trading account gains & fees
$315Additional noninterest income
$3,626Total noninterest expense
$2,108Salaries and employee benefits
$338Premises and equipment expense
$1,180Additional noninterest expense
$1,191Pre-tax net operating income
$1Securities gains (losses)
$286Applicable income taxes
$906Income before extraordinary items
$0Extraordinary gains - net
$906Net income attributable to bank
$0Net charge-offs
$906Cash dividends
$464Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.01%Yield on earning assets
0.35%Cost of funding earning assets
4.66%Net interest margin
0.42%Noninterest income to earning assets
3.59%Noninterest expense to earning assets
0.85%Net operating income to assets
0.85%Return on assets (ROA)
1.12%Pretax return on assets
5.69%Return on equity (ROE)
5.69%Retained earnings to average equity (YTD only)
0.66%Net charge-offs to loans
66.81%Credit loss provision to net charge-offs
3.23%Efficiency ratio
70,724Assets per employee
4.26%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.04%Loss allowance to noncurrent loans
319.53%Noncurrent assets plus other real estate owned to assets
0.71%Noncurrent loans to loans
0.64%Net loans and leases to deposits
76.79%Net loans and leases to core deposits
81.03%Equity capital to assets
14.95%Core capital (leverage) ratio
14.71%Tier 1 risk-based capital ratio
20.71%Total risk-based capital ratio
Memoranda
$22Average assets
$106,854Average earning assets
$15,923Average equity
$100,910Average loans
List of branches
1 California Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
445242
Golden Valley Bank
190 Cohasset Road, Suite 170, Chico, CA 95926
April 24, 2006
Full Service Brick and Mortar
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