Valley National Bank of Fremont County in Hamburg, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 29, 1993

  • Valley National Bank of Fremont County in Hamburg, Iowa (IA)
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Valley National Bank of Fremont County - Overview

  • General
  • FDIC Certificate #: 14787
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Citizens Bank (#18608)
    Federal Reserve ID: 293343
    Date Established: January 01, 1918
    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 #: 9249
    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: October 03, 1934
    Last Structure Change Effective Date: April 29, 1993
    Last Structure Change Process Date: April 30, 1993
    Last Data Update: April 30, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: Main Street, Hamburg, IA 51640
    County: Fremont
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Omaha
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
  • History of Changes
  • Absorption - Assisted
    Corrections
  • Financial Summary
  • Total assets: $7.0 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $7Total assets
  • $7,689Cash and due from depository institutions
  • $791Interest-bearing balances
  • $0Securities
  • $1,449Federal funds sold & reverse repurchase agreements
  • $630Net loans & leases
  • $4,173Loan loss allowance
  • $251Trading account assets
  • $0Bank premises and fixed assets
  • $412Other real estate owned
  • $86Goodwill and other intangibles
  • $148Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $7,689Total liabilities
  • $7,578Total deposits
  • $7,539Interest-bearing deposits
  • $6,370Deposits held in domestic offices
  • 7539.00%% insured (estimated)
  • $100Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $39Total equity capital
  • $39Total bank equity capital
  • $111Perpetual preferred stock
  • $0Common stock
  • $203Surplus
  • $472Undivided profits
  • Memoranda
  • $-564Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $318Income earned, not collected on loans
  • $92Earning assets
  • $6,252Long-term assets (5+ years)
  • $1,560Average Assets, year-to-date
  • $8,234Average Assets, quarterly
  • $7,676Volatile liabilities
  • $200Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $178Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $111Total risk weighted assets
  • $4,703Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $620Total interest expense
  • $311Net interest income
  • $309Provision for loan and lease losses
  • $81Total noninterest income
  • $124Fiduciary activities
  • $0Service charges on deposit accounts
  • $92Trading account gains & fees
  • $0Additional noninterest income
  • $32Total noninterest expense
  • $492Salaries and employee benefits
  • $224Premises and equipment expense
  • $77Additional noninterest expense
  • $191Pre-tax net operating income
  • -$140Securities gains (losses)
  • $9Applicable income taxes
  • $0Income before extraordinary items
  • -$131Extraordinary gains - net
  • $0Net income attributable to bank
  • -$131Net charge-offs
  • $229Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $199Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 9.31%Cost of funding earning assets
  • 4.67%Net interest margin
  • 4.64%Noninterest income to earning assets
  • 1.86%Noninterest expense to earning assets
  • 7.39%Net operating income to assets
  • -1.70%Return on assets (ROA)
  • -1.59%Pretax return on assets
  • -1.59%Return on equity (ROE)
  • -230.63%Retained earnings to average equity (YTD only)
  • -230.63%Net charge-offs to loans
  • 4.37%Credit loss provision to net charge-offs
  • 35.37%Efficiency ratio
  • 113,626Assets per employee
  • 1.10%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 5.67%Loss allowance to noncurrent loans
  • 78.93%Noncurrent assets plus other real estate owned to assets
  • 5.25%Noncurrent loans to loans
  • 7.19%Net loans and leases to deposits
  • 55.35%Net loans and leases to core deposits
  • 56.86%Equity capital to assets
  • 1.44%Core capital (leverage) ratio
  • 1.38%Tier 1 risk-based capital ratio
  • 2.36%Total risk-based capital ratio
  • Memoranda
  • $4Average assets
  • $8,234Average earning assets
  • $57Average equity
  • $6,658Average loans

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