Valley Capital Bank, National Association - Overview
General
FDIC Certificate #: 58399 Status: Inactive Closing history: Corrections Acquiring institution:Enterprise Bank & Trust (#27237) Federal Reserve ID: 3472167 Date Established: November 10, 2006 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Interstate: No) FDIC's unique #: 450796 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: November 10, 2006 Last Structure Change Effective Date: December 11, 2009 Last Structure Change Process Date: December 14, 2009 Last Data Update: December 14, 2009 Data Source Date: April 05, 2012
Location
Address: 1910 South Stapley Drive, Mesa, AZ 85204 County: Maricopa Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: Chicago 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)
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $40.3 mil
2000 - 2011 Historical total assets, liabilities and capital ($ 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
21Total employees (full-time equivalent)
$46,576Total assets
$3,692Cash and due from depository institutions
$3,150Interest-bearing balances
$0Securities
$5,369Federal funds sold & reverse repurchase agreements
$30,905Net loans & leases
$1,214Loan loss allowance
$0Trading account assets
$1,224Bank premises and fixed assets
$4,670Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$716All other assets
$46,576Total liabilities and capital
$42,454Total liabilities
$42,179Total deposits
$36,568Interest-bearing deposits
$42,179Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$275All other liabilities
$4,122Total equity capital
$4,122Total bank equity capital
$4,122Perpetual preferred stock
$0Common stock
$5,550Surplus
$7,340Undivided profits
Memoranda
$-8,768Noncurrent loans and leases
$4,030Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$4,195Earning assets
$0Long-term assets (5+ years)
$201Average Assets, year-to-date
$39,424Average Assets, quarterly
$2,233Volatile liabilities
$39,740Insider loans
$48,017FHLB advances
$2,020Loans and leases held for sale
$594Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,409Total risk weighted assets
$4,030Total unused commitments
$0Restructured Loans and leases
$504Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$2,131Total interest income
$1,049Total interest expense
$1,082Net interest income
$994Provision for loan and lease losses
$1,492Total noninterest income
$0Fiduciary activities
$18Service charges on deposit accounts
$0Trading account gains & fees
$1,474Additional noninterest income
$9,423Total noninterest expense
$3,201Salaries and employee benefits
$656Premises and equipment expense
$5,566Additional noninterest expense
-$7,843Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$7,843Income before extraordinary items
$0Extraordinary gains - net
-$7,843Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$212Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.70%Yield on earning assets
3.30%Cost of funding earning assets
3.40%Net interest margin
4.69%Noninterest income to earning assets
29.63%Noninterest expense to earning assets
-19.74%Net operating income to assets
-19.74%Return on assets (ROA)
-19.74%Pretax return on assets
-85.33%Return on equity (ROE)
-85.33%Retained earnings to average equity (YTD only)
0.74%Net charge-offs to loans
468.87%Credit loss provision to net charge-offs
-32.31%Efficiency ratio
227,389Assets per employee
2.22%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.78%Loss allowance to noncurrent loans
28.94%Noncurrent assets plus other real estate owned to assets
19.03%Noncurrent loans to loans
13.06%Net loans and leases to deposits
73.27%Net loans and leases to core deposits
76.96%Equity capital to assets
8.85%Core capital (leverage) ratio
7.61%Tier 1 risk-based capital ratio
10.40%Total risk-based capital ratio
Memoranda
$12Average assets
$39,740Average earning assets
$9,192Average equity
$31,797Average loans
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