Valley Merchants Bank, National Association - Overview
General
FDIC Certificate #: 33004 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Business Bank of California (#25070) Federal Reserve ID: 1459593 Date Established: July 05, 1990 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 2 (Interstate: No) FDIC's unique #: 46185 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: July 05, 1990 Last Structure Change Effective Date: August 31, 2000 Last Structure Change Process Date: October 05, 2000 Last Data Update: October 05, 2000 Data Source Date: April 05, 2012
Location
Address: 800 East Florida Avenue, Hemet, CA 92543 County: Riverside Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: Orange Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): Riverside-San Bernardino, CA (#6780) Consolidated Metropolitan Statistical Area (CMSA): Los Angeles-Riverside-Orange County, CA (#49) Combined Statistical Area (CSA): Los Angeles-Long Beach-Riverside, CA (#348) Core Based Statistical Area (CBSA): Riverside-San Bernardino-Ontario, CA (#40140) CBSA Metro Statistical Area: Riverside-San Bernardino-Ontario, CA (#40140)
Financial Summary
Total assets: $58.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
32Total employees (full-time equivalent)
$57,407Total assets
$8,097Cash and due from depository institutions
$5,944Interest-bearing balances
$5,862Securities
$2,815Federal funds sold & reverse repurchase agreements
$38,110Net loans & leases
$264Loan loss allowance
$0Trading account assets
$1,478Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,045All other assets
$57,407Total liabilities and capital
$51,197Total liabilities
$50,390Total deposits
$38,809Interest-bearing deposits
$50,390Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$807All other liabilities
$6,210Total equity capital
$6,210Total bank equity capital
$6,210Perpetual preferred stock
$0Common stock
$2,437Surplus
$3,095Undivided profits
Memoranda
$678Noncurrent loans and leases
$4,998Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$48Earning assets
$48Long-term assets (5+ years)
$241Average Assets, year-to-date
$52,731Average Assets, quarterly
$13,547Volatile liabilities
$53,583Insider loans
$56,800FHLB advances
$3,695Loans and leases held for sale
$1,467Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,998Total unused commitments
$0Restructured Loans and leases
$264Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$3,999Total interest income
$741Total interest expense
$3,258Net interest income
$43Provision for loan and lease losses
$582Total noninterest income
$0Fiduciary activities
$247Service charges on deposit accounts
$0Trading account gains & fees
$335Additional noninterest income
$2,419Total noninterest expense
$1,422Salaries and employee benefits
$258Premises and equipment expense
$739Additional noninterest expense
$1,378Pre-tax net operating income
$0Securities gains (losses)
$561Applicable income taxes
$817Income before extraordinary items
$0Extraordinary gains - net
$817Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$19Sale, conversion, retirement of capital stock, net
$1Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.53%Yield on earning assets
1.58%Cost of funding earning assets
6.95%Net interest margin
1.24%Noninterest income to earning assets
5.16%Noninterest expense to earning assets
1.52%Net operating income to assets
1.52%Return on assets (ROA)
2.57%Pretax return on assets
14.13%Return on equity (ROE)
14.11%Retained earnings to average equity (YTD only)
0.06%Net charge-offs to loans
226.32%Credit loss provision to net charge-offs
74.79%Efficiency ratio
62,995Assets per employee
1.79%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.12%Loss allowance to loans
0.69%Loss allowance to noncurrent loans
550.00%Noncurrent assets plus other real estate owned to assets
0.08%Noncurrent loans to loans
0.13%Net loans and leases to deposits
75.63%Net loans and leases to core deposits
81.61%Equity capital to assets
10.82%Core capital (leverage) ratio
10.46%Tier 1 risk-based capital ratio
13.73%Total risk-based capital ratio
Memoranda
$14Average assets
$53,583Average earning assets
$5,783Average equity
$46,891Average loans
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