FDIC Certificate #: 22101 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:PremierWest Bank (#32975) Federal Reserve ID: 706366 Date Established: September 02, 1975 WWW:http://www.midvalleybank.com Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 5 (Interstate: No) OTS Docket #: 14352 FDIC's unique #: 15351 Numeric code: 13 Regulator: FED Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: September 02, 1975 Last Structure Change Effective Date: January 23, 2004 Last Structure Change Process Date: Febuary 26, 2004 Last Data Update: Febuary 26, 2004 Data Source Date: April 05, 2012
Location
Address: 950 Main Street, Red Bluff, CA 96080 County: Tehama 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 Core Based Statistical Area (CBSA): Red Bluff, CA (#39780) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $181.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2003)
Dollar figures in thousands
79Total employees (full-time equivalent)
$181,802Total assets
$11,207Cash and due from depository institutions
$0Interest-bearing balances
$53,070Securities
$7,685Federal funds sold & reverse repurchase agreements
$101,318Net loans & leases
$4,087Loan loss allowance
$0Trading account assets
$2,194Bank premises and fixed assets
$0Other real estate owned
$1Goodwill and other intangibles
$0Life insurance assets
$6,327All other assets
$181,802Total liabilities and capital
$169,697Total liabilities
$167,731Total deposits
$123,118Interest-bearing deposits
$167,731Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,966All other liabilities
$12,105Total equity capital
$12,105Total bank equity capital
$12,105Perpetual preferred stock
$0Common stock
$7,168Surplus
$0Undivided profits
Memoranda
$4,937Noncurrent loans and leases
$50,946Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$4,774Earning assets
$0Long-term assets (5+ years)
$635Average Assets, year-to-date
$162,073Average Assets, quarterly
$23,077Volatile liabilities
$178,138Insider loans
$181,134FHLB advances
$21,091Loans and leases held for sale
$1,856Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$174Total risk weighted assets
$50,946Total unused commitments
$1,000Restructured Loans and leases
$1,519Derivatives
Income and Expense (December 31, 2003)
Dollar figures in thousands
$9,152Total interest income
$1,736Total interest expense
$7,416Net interest income
$1,018Provision for loan and lease losses
$1,147Total noninterest income
$0Fiduciary activities
$561Service charges on deposit accounts
$0Trading account gains & fees
$586Additional noninterest income
$7,546Total noninterest expense
$4,513Salaries and employee benefits
$739Premises and equipment expense
$2,294Additional noninterest expense
-$1Pre-tax net operating income
$232Securities gains (losses)
-$85Applicable income taxes
$316Income before extraordinary items
$0Extraordinary gains - net
$316Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$170Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2003)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.76%Yield on earning assets
1.09%Cost of funding earning assets
4.67%Net interest margin
0.72%Noninterest income to earning assets
4.75%Noninterest expense to earning assets
0.05%Net operating income to assets
0.18%Return on assets (ROA)
0.13%Pretax return on assets
2.56%Return on equity (ROE)
2.56%Retained earnings to average equity (YTD only)
-0.15%Net charge-offs to loans
-598.82%Credit loss provision to net charge-offs
0.00%Efficiency ratio
88,123Assets per employee
2.30%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.88%Loss allowance to noncurrent loans
85.61%Noncurrent assets plus other real estate owned to assets
2.63%Noncurrent loans to loans
4.53%Net loans and leases to deposits
60.41%Net loans and leases to core deposits
69.09%Equity capital to assets
6.66%Core capital (leverage) ratio
6.64%Tier 1 risk-based capital ratio
10.21%Total risk-based capital ratio
Memoranda
$11Average assets
$178,138Average earning assets
$12,332Average equity
$158,809Average loans
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