The Valley Bank of Illinois in Cherry Valley, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 15, 1994

The Valley Bank of Illinois in Cherry Valley, Illinois (IL)
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The Valley Bank of Illinois - Overview

General
FDIC Certificate #: 21528
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Alpine Bank & Trust Co. (#18545)
Federal Reserve ID: 520030
Date Established: April 16, 1974
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
FDIC's unique #: 14889
Numeric code: 21
Regulator: FDIC
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: April 16, 1974
Last Structure Change Effective Date: June 15, 1994
Last Structure Change Process Date: July 14, 1994
Last Data Update: July 14, 1994
Data Source Date: April 05, 2012
Location
Address: Bell School Road And Harrison Avenue, Cherry Valley, IL 61016
County: Winnebago
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Princeton
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Metropolitan Statistical Area (MSA): Rockford, IL (#6880)
Combined Statistical Area (CSA): Rockford-Freeport-Rochelle, IL (#466)
Core Based Statistical Area (CBSA): Rockford, IL (#40420)
CBSA Metro Statistical Area: Rockford, IL (#40420)
Financial Summary
Total assets: $60.9 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$44Total assets
$59,541Cash and due from depository institutions
$3,774Interest-bearing balances
$0Securities
$15,589Federal funds sold & reverse repurchase agreements
$1,250Net loans & leases
$36,465Loan loss allowance
$534Trading account assets
$0Bank premises and fixed assets
$1,671Other real estate owned
$0Goodwill and other intangibles
$792Life insurance assets
$0All other assets
$0Total liabilities and capital
$59,541Total liabilities
$54,984Total deposits
$54,349Interest-bearing deposits
$40,937Deposits held in domestic offices
54349.00%% insured (estimated)
$93Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$635Total equity capital
$635Total bank equity capital
$4,557Perpetual preferred stock
$0Common stock
$360Surplus
$3,056Undivided profits
Memoranda
$1,141Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$238Income earned, not collected on loans
$224Earning assets
$53,304Long-term assets (5+ years)
$3,225Average Assets, year-to-date
$55,162Average Assets, quarterly
$58,048Volatile liabilities
$5,577Insider loans
$193FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$6,478Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,557Total risk weighted assets
$42,320Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$3,910Total interest expense
$1,528Net interest income
$2,382Provision for loan and lease losses
$163Total noninterest income
$1,531Fiduciary activities
$0Service charges on deposit accounts
$343Trading account gains & fees
$0Additional noninterest income
$1,188Total noninterest expense
$2,222Salaries and employee benefits
$1,030Premises and equipment expense
$371Additional noninterest expense
$821Pre-tax net operating income
$1,528Securities gains (losses)
$0Applicable income taxes
$491Income before extraordinary items
$1,037Extraordinary gains - net
$0Net income attributable to bank
$1,037Net charge-offs
$3Cash dividends
$309Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.93%Cost of funding earning assets
3.10%Net interest margin
4.83%Noninterest income to earning assets
3.10%Noninterest expense to earning assets
4.51%Net operating income to assets
1.88%Return on assets (ROA)
1.88%Pretax return on assets
2.77%Return on equity (ROE)
24.96%Retained earnings to average equity (YTD only)
17.53%Net charge-offs to loans
0.01%Credit loss provision to net charge-offs
5433.33%Efficiency ratio
56,785Assets per employee
1.35%Cash dividends to net income (YTD only)
Condition Ratios (%)
29.80%Loss allowance to loans
1.44%Loss allowance to noncurrent loans
224.37%Noncurrent assets plus other real estate owned to assets
0.40%Noncurrent loans to loans
0.64%Net loans and leases to deposits
67.09%Net loans and leases to core deposits
74.77%Equity capital to assets
7.65%Core capital (leverage) ratio
7.78%Tier 1 risk-based capital ratio
10.77%Total risk-based capital ratio
Memoranda
$12Average assets
$55,162Average earning assets
$4,154Average equity
$49,322Average loans

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