Valley Central Bank in Richfield, Utah (UT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 01, 1993

Valley Central Bank in Richfield, Utah (UT)
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Valley Central Bank - Overview

General
FDIC Certificate #: 20744
Status: Inactive
Closing history: Corrections
Acquiring institution: Bank One, Utah, National Association (#16703)
Federal Reserve ID: 342670
Date Established: July 10, 1972
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 14328
Numeric code: 21
Regulator: FDIC
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: July 10, 1972
Last Structure Change Effective Date: April 01, 1993
Last Structure Change Process Date: April 13, 1993
Last Data Update: April 05, 1996
Data Source Date: April 05, 2012
Location
Address: Main And Center Streets, Richfield, UT 84701
County: Sevier
Quarterly Banking Profile Region: San Francisco
FDIC Geographic Region: San Francisco
FDIC Supervisory Region: San Francisco
FDIC Field Office: Salt Lake City
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: West
History of Changes
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $31.6 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$15Total assets
$32,268Cash and due from depository institutions
$3,998Interest-bearing balances
$0Securities
$5,108Federal funds sold & reverse repurchase agreements
$3,179Net loans & leases
$18,832Loan loss allowance
$501Trading account assets
$0Bank premises and fixed assets
$434Other real estate owned
$99Goodwill and other intangibles
$618Life insurance assets
$0All other assets
$0Total liabilities and capital
$32,268Total liabilities
$29,190Total deposits
$28,925Interest-bearing deposits
$22,239Deposits held in domestic offices
28925.00%% insured (estimated)
$85Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$265Total equity capital
$265Total bank equity capital
$3,078Perpetual preferred stock
$0Common stock
$270Surplus
$620Undivided profits
Memoranda
$2,188Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$134Income earned, not collected on loans
$195Earning assets
$27,119Long-term assets (5+ years)
$2,090Average Assets, year-to-date
$33,097Average Assets, quarterly
$31,971Volatile liabilities
$867Insider loans
$0FHLB advances
$0Loans and leases held for sale
$308Unused loan commitments
$2,624Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$3,078Total risk weighted assets
$21,239Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$2,553Total interest expense
$980Net interest income
$1,573Provision for loan and lease losses
$133Total noninterest income
$266Fiduciary activities
$0Service charges on deposit accounts
$191Trading account gains & fees
$0Additional noninterest income
$75Total noninterest expense
$1,483Salaries and employee benefits
$616Premises and equipment expense
$86Additional noninterest expense
$781Pre-tax net operating income
$223Securities gains (losses)
$0Applicable income taxes
$94Income before extraordinary items
$129Extraordinary gains - net
$0Net income attributable to bank
$129Net charge-offs
$122Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
9.14%Cost of funding earning assets
3.51%Net interest margin
5.63%Noninterest income to earning assets
0.95%Noninterest expense to earning assets
5.31%Net operating income to assets
0.39%Return on assets (ROA)
0.39%Pretax return on assets
0.67%Return on equity (ROE)
4.26%Retained earnings to average equity (YTD only)
4.26%Net charge-offs to loans
0.58%Credit loss provision to net charge-offs
109.02%Efficiency ratio
80,642Assets per employee
2.15%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.59%Loss allowance to noncurrent loans
373.88%Noncurrent assets plus other real estate owned to assets
0.72%Noncurrent loans to loans
0.69%Net loans and leases to deposits
65.11%Net loans and leases to core deposits
67.12%Equity capital to assets
9.54%Core capital (leverage) ratio
10.10%Tier 1 risk-based capital ratio
14.49%Total risk-based capital ratio
Memoranda
$16Average assets
$33,097Average earning assets
$3,027Average equity
$27,920Average loans

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