Pacific Valley National Bank in Modesto, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 24, 1995

Pacific Valley National Bank in Modesto, California (CA)
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Pacific Valley National Bank - Overview

General
FDIC Certificate #: 24183
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Westamerica Bank (#3430)
Federal Reserve ID: 391267
Date Established: November 01, 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)
FDIC's unique #: 16837
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: November 01, 1982
Last Structure Change Effective Date: Febuary 24, 1995
Last Structure Change Process Date: March 14, 1995
Last Data Update: March 14, 1995
Data Source Date: April 05, 2012
Location
Address: 1524 Mchenry Avenue, Modesto, CA 95350
County: Stanislaus
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): Modesto, CA (#5170)
Core Based Statistical Area (CBSA): Modesto, CA (#33700)
CBSA Metro Statistical Area: Modesto, CA (#33700)
Financial Summary
Total assets: $178.2 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)
$71Total assets
$178,161Cash and due from depository institutions
$13,591Interest-bearing balances
$0Securities
$13,112Federal funds sold & reverse repurchase agreements
$11,300Net loans & leases
$137,473Loan loss allowance
$1,834Trading account assets
$0Bank premises and fixed assets
$1,014Other real estate owned
$82Goodwill and other intangibles
$1,589Life insurance assets
$0All other assets
$0Total liabilities and capital
$178,161Total liabilities
$161,487Total deposits
$160,515Interest-bearing deposits
$120,083Deposits held in domestic offices
160515.00%% insured (estimated)
$72Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$972Total equity capital
$972Total bank equity capital
$16,674Perpetual preferred stock
$0Common stock
$3,750Surplus
$3,750Undivided profits
Memoranda
$9,174Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$2,027Income earned, not collected on loans
$748Earning assets
$161,885Long-term assets (5+ years)
$3,946Average Assets, year-to-date
$172,204Average Assets, quarterly
$174,641Volatile liabilities
$35,054Insider loans
$4,585FHLB advances
$0Loans and leases held for sale
$1,172Unused loan commitments
$37,704Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$16,826Total risk weighted assets
$152,867Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$14,345Total interest expense
$3,800Net interest income
$10,545Provision for loan and lease losses
$696Total noninterest income
$1,686Fiduciary activities
$0Service charges on deposit accounts
$683Trading account gains & fees
$0Additional noninterest income
$1,003Total noninterest expense
$6,784Salaries and employee benefits
$3,454Premises and equipment expense
$1,280Additional noninterest expense
$2,050Pre-tax net operating income
$4,751Securities gains (losses)
-$144Applicable income taxes
$2,028Income before extraordinary items
$2,579Extraordinary gains - net
$0Net income attributable to bank
$2,579Net charge-offs
$635Cash dividends
$0Sale, 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
9.23%Cost of funding earning assets
2.44%Net interest margin
6.78%Noninterest income to earning assets
1.08%Noninterest expense to earning assets
4.36%Net operating income to assets
1.55%Return on assets (ROA)
1.50%Pretax return on assets
2.68%Return on equity (ROE)
16.78%Retained earnings to average equity (YTD only)
16.78%Net charge-offs to loans
0.47%Credit loss provision to net charge-offs
109.61%Efficiency ratio
55,466Assets per employee
2.51%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.32%Loss allowance to noncurrent loans
90.48%Noncurrent assets plus other real estate owned to assets
1.18%Noncurrent loans to loans
1.46%Net loans and leases to deposits
85.64%Net loans and leases to core deposits
109.57%Equity capital to assets
9.36%Core capital (leverage) ratio
9.43%Tier 1 risk-based capital ratio
11.01%Total risk-based capital ratio
Memoranda
$12Average assets
$172,204Average earning assets
$15,366Average equity
$155,480Average loans

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