FDIC Certificate #: 14345 Status: Active Federal Reserve ID: 420653 Bank Holding Company (Regulatory Top Holder): Valley Bancorp, Inc. (RSSDID: 1057186, Location: Syracuse, KS) Date Established: July 27, 1905 WWW:http://www.thevalleystatebank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 8963 Numeric code: 13 Regulator: FED Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Agricultural lending institution: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: Yes Asset Concentration Hierarchy: Agricultural Specialization Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 110 West Avenue B, Syracuse, KS 67878 County: Hamilton Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Hays Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western
History of Changes
Corrections
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $76.5 mil Equity capital: $7.3 mil Deposits held in domestic offices: $66.7 mil Return on assets (ROA): 1.12% ($0.9 mil) Quarterly return on assets: 1.06% ($0.8 mil) Return on Equity (ROE): 11.30% ($0.8 mil) Quarterly return on equity: 10.54% ($0.7 mil) Net income: $0.8 mil Quarterly Net income: $0.2 mil Pretax return on assets: 1.17% ($895.1 mil) Quarterly Pretax return on assets: 1.11% ($849.2 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
Dollar figures in thousands
12Total employees (full-time equivalent)
$76,503Total assets
$6,456Cash and due from depository institutions
$5,107Interest-bearing balances
$27,146Securities
$492Federal funds sold & reverse repurchase agreements
$39,282Net loans & leases
$945Loan loss allowance
$0Trading account assets
$742Bank premises and fixed assets
$212Other real estate owned
$0Goodwill and other intangibles
$76,503Life insurance assets
$2,173All other assets
$69,213Total liabilities and capital
$66,725Total liabilities
$56,849Total deposits
$66,725Interest-bearing deposits
$86Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$1,984Trading liabilities
$0Other borrowed funds
$504Subordinated debt
$7,290All other liabilities
$7,290Total equity capital
$7,290Total bank equity capital
$0Perpetual preferred stock
$140Common stock
$1,260Surplus
$5,890Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$634Income earned, not collected on loans
$0Earning assets
$834Long-term assets (5+ years)
$72,027Average Assets, year-to-date
$28,458Average Assets, quarterly
$71,078Volatile liabilities
$72,436Insider loans
$47,289FHLB advances
$72,873Loans and leases held for sale
$884Unused loan commitments
$884Tier 1 (core) risk-based capital
$6,544Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$7,929Restructured Loans and leases
$430Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$3,225Total interest income
$711Total interest expense
$2,514Net interest income
$62Provision for loan and lease losses
$157Total noninterest income
$0Fiduciary activities
$127Service charges on deposit accounts
$0Trading account gains & fees
$30Additional noninterest income
$1,952Total noninterest expense
$1,057Salaries and employee benefits
$174Premises and equipment expense
$721Additional noninterest expense
$657Pre-tax net operating income
$178Securities gains (losses)
$37Applicable income taxes
$798Income before extraordinary items
$0Extraordinary gains - net
$798Net income attributable to bank
$0Net charge-offs
$798Cash dividends
-$8Sale, conversion, retirement of capital stock, net
$366Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.83%Yield on earning assets
1.06%Cost of funding earning assets
3.76%Net interest margin
0.24%Noninterest income to earning assets
2.92%Noninterest expense to earning assets
0.88%Net operating income to assets
1.12%Return on assets (ROA)
1.17%Pretax return on assets
11.30%Return on equity (ROE)
6.12%Retained earnings to average equity (YTD only)
-0.02%Net charge-offs to loans
-775.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
73,081Assets per employee
6.38%Cash dividends to net income (YTD only)
Condition Ratios (%)
45.86%Loss allowance to loans
2.35%Loss allowance to noncurrent loans
149.05%Noncurrent assets plus other real estate owned to assets
1.11%Noncurrent loans to loans
1.58%Net loans and leases to deposits
58.87%Net loans and leases to core deposits
61.24%Equity capital to assets
9.53%Core capital (leverage) ratio
8.98%Tier 1 risk-based capital ratio
13.84%Total risk-based capital ratio
Memoranda
$15Average assets
$71,078Average earning assets
$7,064Average equity
$66,787Average loans
List of branches
1 Kansas Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
8963
The Valley State Bank
110 West Avenue B, Syracuse, KS 67878
July 27, 1905
Full Service Brick and Mortar
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