Mineral King National Bank in Visalia, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 04, 1995

  • Mineral King National Bank in Visalia, California (CA)
  • Show street view No street view available for this location

Mineral King National Bank - Overview

  • General
  • FDIC Certificate #: 23976
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: ValliWide Bank (#21166)
    Federal Reserve ID: 5564
    Date Established: August 02, 1982
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 7 (Interstate: No)
    OTS Docket #: 11165
    FDIC's unique #: 16721
    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: August 02, 1982
    Last Structure Change Effective Date: Febuary 04, 1995
    Last Structure Change Process Date: Febuary 23, 1995
    Last Data Update: Febuary 23, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 701 West Main Street, Visalia, CA 93279
    County: Tulare
    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): Visalia-Tulare-Porterville, CA (#8780)
    Core Based Statistical Area (CBSA): Visalia-Porterville, CA (#47300)
    CBSA Metro Statistical Area: Visalia-Porterville, CA (#47300)
  • Financial Summary
  • Total assets: $198.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $86Total assets
  • $198,707Cash and due from depository institutions
  • $20,773Interest-bearing balances
  • $0Securities
  • $43,881Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $127,564Loan loss allowance
  • $1,880Trading account assets
  • $0Bank premises and fixed assets
  • $2,998Other real estate owned
  • $69Goodwill and other intangibles
  • $3,422Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $198,707Total liabilities
  • $187,379Total deposits
  • $175,554Interest-bearing deposits
  • $126,449Deposits held in domestic offices
  • 175554.00%% insured (estimated)
  • $77Federal funds purchased & repurchase agreements
  • $11,250Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $575Total equity capital
  • $575Total bank equity capital
  • $11,328Perpetual preferred stock
  • $0Common stock
  • $4,213Surplus
  • $3,670Undivided profits
  • Memoranda
  • $3,445Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,090Income earned, not collected on loans
  • $816Earning assets
  • $171,445Long-term assets (5+ years)
  • $31,883Average Assets, year-to-date
  • $189,654Average Assets, quarterly
  • $192,795Volatile liabilities
  • $32,926Insider loans
  • $973FHLB advances
  • $0Loans and leases held for sale
  • $3,116Unused loan commitments
  • $31,976Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $12,387Total risk weighted assets
  • $135,459Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $14,507Total interest expense
  • $4,062Net interest income
  • $10,445Provision for loan and lease losses
  • $1,025Total noninterest income
  • $2,324Fiduciary activities
  • $0Service charges on deposit accounts
  • $801Trading account gains & fees
  • $0Additional noninterest income
  • $1,523Total noninterest expense
  • $9,962Salaries and employee benefits
  • $4,911Premises and equipment expense
  • $1,238Additional noninterest expense
  • $3,813Pre-tax net operating income
  • $1,782Securities gains (losses)
  • $3Applicable income taxes
  • $748Income before extraordinary items
  • $1,037Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,037Net charge-offs
  • $840Cash dividends
  • $324Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.65%Cost of funding earning assets
  • 2.42%Net interest margin
  • 6.22%Noninterest income to earning assets
  • 1.38%Noninterest expense to earning assets
  • 5.94%Net operating income to assets
  • 0.55%Return on assets (ROA)
  • 0.55%Pretax return on assets
  • 0.94%Return on equity (ROE)
  • 8.89%Retained earnings to average equity (YTD only)
  • 6.11%Net charge-offs to loans
  • 0.72%Credit loss provision to net charge-offs
  • 122.02%Efficiency ratio
  • 78,017Assets per employee
  • 2.31%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 31.24%Loss allowance to loans
  • 1.45%Loss allowance to noncurrent loans
  • 172.48%Noncurrent assets plus other real estate owned to assets
  • 0.58%Noncurrent loans to loans
  • 0.84%Net loans and leases to deposits
  • 72.66%Net loans and leases to core deposits
  • 82.90%Equity capital to assets
  • 5.70%Core capital (leverage) ratio
  • 6.59%Tier 1 risk-based capital ratio
  • 9.14%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $189,654Average earning assets
  • $11,661Average equity
  • $167,803Average loans

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