FDIC Certificate #: 34145 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Meridian Bank, National Association (#22644) Federal Reserve ID: 2364564 Date Established: March 11, 1996 WWW:http://www.valleybankaz.com Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 2 (Interstate: No) FDIC's unique #: 56289 Numeric code: 13 Regulator: FED 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: March 11, 1996 Last Structure Change Effective Date: October 10, 2003 Last Structure Change Process Date: November 03, 2003 Last Data Update: November 03, 2003 Data Source Date: April 05, 2012
Location
Address: 3550 North Central Avenue, Phoenix, AZ 85012 County: Maricopa Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: Kansas City FDIC Field Office: Phoenix Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): Phoenix-Mesa, AZ (#6200) Core Based Statistical Area (CBSA): Phoenix-Mesa-Glendale, AZ (#38060) CBSA Metro Statistical Area: Phoenix-Mesa-Glendale, AZ (#38060)
Financial Summary
Total assets: $74.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)
Dollar figures in thousands
18Total employees (full-time equivalent)
$74,383Total assets
$7,332Cash and due from depository institutions
$2,274Interest-bearing balances
$17,410Securities
$7,900Federal funds sold & reverse repurchase agreements
$39,915Net loans & leases
$460Loan loss allowance
$0Trading account assets
$984Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$842All other assets
$74,383Total liabilities and capital
$66,454Total liabilities
$62,096Total deposits
$49,493Interest-bearing deposits
$62,096Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$4,000Other borrowed funds
$0Subordinated debt
$358All other liabilities
$7,929Total equity capital
$7,929Total bank equity capital
$7,929Perpetual preferred stock
$0Common stock
$100Surplus
$7,100Undivided profits
Memoranda
$729Noncurrent loans and leases
$7,286Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$253Earning assets
$0Long-term assets (5+ years)
$358Average Assets, year-to-date
$67,499Average Assets, quarterly
$18,444Volatile liabilities
$72,612Insider loans
$72,621FHLB advances
$8,533Loans and leases held for sale
$0Unused loan commitments
$4,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$835Total risk weighted assets
$7,286Total unused commitments
$0Restructured Loans and leases
$460Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$4,422Total interest income
$1,558Total interest expense
$2,864Net interest income
$55Provision for loan and lease losses
$370Total noninterest income
$0Fiduciary activities
$124Service charges on deposit accounts
$0Trading account gains & fees
$246Additional noninterest income
$2,291Total noninterest expense
$1,161Salaries and employee benefits
$438Premises and equipment expense
$692Additional noninterest expense
$888Pre-tax net operating income
$86Securities gains (losses)
$360Applicable income taxes
$614Income before extraordinary items
$0Extraordinary gains - net
$614Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$304Sale, conversion, retirement of capital stock, net
$500Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.69%Yield on earning assets
2.36%Cost of funding earning assets
4.33%Net interest margin
0.56%Noninterest income to earning assets
3.47%Noninterest expense to earning assets
0.77%Net operating income to assets
0.85%Return on assets (ROA)
1.34%Pretax return on assets
7.73%Return on equity (ROE)
1.44%Retained earnings to average equity (YTD only)
0.70%Net charge-offs to loans
18.09%Credit loss provision to net charge-offs
3.10%Efficiency ratio
70,841Assets per employee
4.13%Cash dividends to net income (YTD only)
Condition Ratios (%)
81.43%Loss allowance to loans
1.14%Loss allowance to noncurrent loans
181.82%Noncurrent assets plus other real estate owned to assets
0.34%Noncurrent loans to loans
0.63%Net loans and leases to deposits
64.28%Net loans and leases to core deposits
73.15%Equity capital to assets
10.66%Core capital (leverage) ratio
10.26%Tier 1 risk-based capital ratio
16.25%Total risk-based capital ratio
Memoranda
$17Average assets
$72,612Average earning assets
$7,940Average equity
$66,082Average loans
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