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

This bank is inactive as of July 27, 2009

  • Valley Bank Minnesota in Jordan, Minnesota (MN)
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Valley Bank Minnesota - Overview

  • General
  • FDIC Certificate #: 33311
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Valley Bank (#18845)
    Federal Reserve ID: 1857377
    Date Established: January 02, 1991
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    OTS Docket #: 15391
    FDIC's unique #: 46859
    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: January 02, 1991
    Last Structure Change Effective Date: July 27, 2009
    Last Structure Change Process Date: August 19, 2009
    Last Data Update: August 19, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 200 Creek Lane, Jordan, MN 55352
    County: Scott
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Minneapolis
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Minneapolis-St. Paul, MN-WI (#5120)
    Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
    Core Based Statistical Area (CBSA): Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
    CBSA Metro Statistical Area: Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
  • Financial Summary
  • Total assets: $42.3 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, 2008)

  • Dollar figures in thousands
  • 9Total employees (full-time equivalent)
  • $44,369Total assets
  • $838Cash and due from depository institutions
  • $0Interest-bearing balances
  • $11,053Securities
  • $3,236Federal funds sold & reverse repurchase agreements
  • $24,675Net loans & leases
  • $432Loan loss allowance
  • $0Trading account assets
  • $803Bank premises and fixed assets
  • $143Other real estate owned
  • $2,282Goodwill and other intangibles
  • $1,061Life insurance assets
  • $1,339All other assets
  • $44,369Total liabilities and capital
  • $38,226Total liabilities
  • $36,713Total deposits
  • $31,892Interest-bearing deposits
  • $36,713Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,284Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $229All other liabilities
  • $6,143Total equity capital
  • $6,143Total bank equity capital
  • $6,143Perpetual preferred stock
  • $0Common stock
  • $250Surplus
  • $5,169Undivided profits
  • Memoranda
  • $724Noncurrent loans and leases
  • $6,039Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $827Earning assets
  • $0Long-term assets (5+ years)
  • $164Average Assets, year-to-date
  • $38,964Average Assets, quarterly
  • $4,345Volatile liabilities
  • $44,854Insider loans
  • $44,591FHLB advances
  • $2,668Loans and leases held for sale
  • $5Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $6,039Total unused commitments
  • $0Restructured Loans and leases
  • $387Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $1,997Total interest income
  • $712Total interest expense
  • $1,285Net interest income
  • $111Provision for loan and lease losses
  • $328Total noninterest income
  • $0Fiduciary activities
  • $171Service charges on deposit accounts
  • $0Trading account gains & fees
  • $157Additional noninterest income
  • $1,010Total noninterest expense
  • $466Salaries and employee benefits
  • $194Premises and equipment expense
  • $350Additional noninterest expense
  • $492Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $492Income before extraordinary items
  • $0Extraordinary gains - net
  • $492Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $19Sale, conversion, retirement of capital stock, net
  • $702Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.12%Yield on earning assets
  • 1.83%Cost of funding earning assets
  • 3.30%Net interest margin
  • 0.84%Noninterest income to earning assets
  • 2.59%Noninterest expense to earning assets
  • 1.10%Net operating income to assets
  • 1.10%Return on assets (ROA)
  • 1.10%Pretax return on assets
  • 8.10%Return on equity (ROE)
  • -3.46%Retained earnings to average equity (YTD only)
  • 0.08%Net charge-offs to loans
  • 584.21%Credit loss provision to net charge-offs
  • 31.74%Efficiency ratio
  • 62,616Assets per employee
  • 4.93%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 142.68%Loss allowance to loans
  • 1.72%Loss allowance to noncurrent loans
  • 52.24%Noncurrent assets plus other real estate owned to assets
  • 2.19%Noncurrent loans to loans
  • 3.29%Net loans and leases to deposits
  • 67.21%Net loans and leases to core deposits
  • 69.84%Equity capital to assets
  • 13.85%Core capital (leverage) ratio
  • 9.04%Tier 1 risk-based capital ratio
  • 12.25%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $44,854Average earning assets
  • $6,073Average equity
  • $38,970Average loans

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