Valley Bank in city_name, state_name - Detailed Financial Reports, Location

Valley Bank in Waterville, Minnesota (MN)
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Valley Bank - Overview

General
FDIC Certificate #: 18845
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Frandsen Bank & Trust (#1399)
Federal Reserve ID: 167855
Date Established: August 01, 1963
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 9 (Interstate: No)
OTS Docket #: 12823
FDIC's unique #: 12701
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: Yes
Date of Deposit Insurance: August 01, 1963
Last Structure Change Effective Date: May 17, 2010
Last Structure Change Process Date: June 02, 2010
Last Data Update: June 02, 2010
Data Source Date: April 05, 2012
Location
Address: 320 East Main Street, Waterville, MN 56096
County: Le Sueur
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Mankato
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
Financial Summary
Total assets: $249.1 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, 2009)

Dollar figures in thousands
61Total employees (full-time equivalent)
$258,881Total assets
$11,944Cash and due from depository institutions
$1,740Interest-bearing balances
$75,015Securities
$2,900Federal funds sold & reverse repurchase agreements
$141,383Net loans & leases
$2,448Loan loss allowance
$0Trading account assets
$4,470Bank premises and fixed assets
$2,355Other real estate owned
$12,320Goodwill and other intangibles
$5,219Life insurance assets
$8,494All other assets
$258,882Total liabilities and capital
$225,493Total liabilities
$217,938Total deposits
$178,051Interest-bearing deposits
$217,938Deposits held in domestic offices
88.45%% insured (estimated)
$6,460Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,095All other liabilities
$33,389Total equity capital
$33,389Total bank equity capital
$33,389Perpetual preferred stock
$0Common stock
$531Surplus
$27,447Undivided profits
Memoranda
$5,411Noncurrent loans and leases
$43,690Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$5,053Earning assets
$0Long-term assets (5+ years)
$1,168Average Assets, year-to-date
$221,038Average Assets, quarterly
$21,992Volatile liabilities
$255,842Insider loans
$256,184FHLB advances
$17,869Loans and leases held for sale
$190Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$43,690Total unused commitments
$0Restructured Loans and leases
$2,187Derivatives

Income and Expense (December 31, 2009)

Dollar figures in thousands
$10,789Total interest income
$2,143Total interest expense
$8,646Net interest income
$639Provision for loan and lease losses
$2,246Total noninterest income
$0Fiduciary activities
$929Service charges on deposit accounts
$0Trading account gains & fees
$1,317Additional noninterest income
$7,197Total noninterest expense
$3,176Salaries and employee benefits
$901Premises and equipment expense
$3,120Additional noninterest expense
$3,056Pre-tax net operating income
$0Securities gains (losses)
$20Applicable income taxes
$3,036Income before extraordinary items
$0Extraordinary gains - net
$3,036Net income attributable to bank
$0Net charge-offs
$3,036Cash dividends
$349Sale, conversion, retirement of capital stock, net
$3,616Net operating income

Performance and Condition Ratios (December 31, 2009)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.88%Yield on earning assets
0.97%Cost of funding earning assets
3.91%Net interest margin
1.02%Noninterest income to earning assets
3.26%Noninterest expense to earning assets
1.19%Net operating income to assets
1.19%Return on assets (ROA)
1.19%Pretax return on assets
9.20%Return on equity (ROE)
-1.76%Retained earnings to average equity (YTD only)
0.22%Net charge-offs to loans
183.09%Credit loss provision to net charge-offs
10.59%Efficiency ratio
66,076Assets per employee
4.24%Cash dividends to net income (YTD only)
Condition Ratios (%)
119.10%Loss allowance to loans
1.70%Loss allowance to noncurrent loans
48.45%Noncurrent assets plus other real estate owned to assets
2.86%Noncurrent loans to loans
3.51%Net loans and leases to deposits
64.87%Net loans and leases to core deposits
68.46%Equity capital to assets
12.90%Core capital (leverage) ratio
8.58%Tier 1 risk-based capital ratio
11.95%Total risk-based capital ratio
Memoranda
$13Average assets
$255,842Average earning assets
$32,984Average equity
$221,048Average loans

Valley Bank in Waterville, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Valley Bank - Overview

Assets and Liabilities (December 31, 2009)

Income and Expense (December 31, 2009)

Performance and Condition Ratios (December 31, 2009)

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Valley Bank in Waterville, Minnesota (MN)Overview, Financial Summary, Detailed Financial Reports, Branches

Valley Bank - Overview

Assets and Liabilities (December 31, 2009)

Income and Expense (December 31, 2009)

Performance and Condition Ratios (December 31, 2009)

Comment about this bank, ask questions, or add new information about it:

Valley Bank in Waterville, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches