Valley State Bank in Rock Valley, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 15, 1996

Valley State Bank in Rock Valley, Iowa (IA)
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Valley State Bank - Overview

General
FDIC Certificate #: 13989
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Nevada National Bank (#14072)
Federal Reserve ID: 532145
Date Established: January 01, 1913
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
OTS Docket #: 10812
FDIC's unique #: 8748
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: Febuary 14, 1934
Last Structure Change Effective Date: July 15, 1996
Last Structure Change Process Date: August 23, 1996
Last Data Update: August 23, 1996
Data Source Date: April 05, 2012
Location
Address: Main Street, Rock Valley, IA 51247
County: Sioux
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Sioux City
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Financial Summary
Total assets: $63.9 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$20Total assets
$65,022Cash and due from depository institutions
$1,839Interest-bearing balances
$50Securities
$10,296Federal funds sold & reverse repurchase agreements
$2,450Net loans & leases
$47,449Loan loss allowance
$1,022Trading account assets
$0Bank premises and fixed assets
$350Other real estate owned
$0Goodwill and other intangibles
$1,486Life insurance assets
$1,152All other assets
$0Total liabilities and capital
$65,022Total liabilities
$58,034Total deposits
$55,133Interest-bearing deposits
$48,933Deposits held in domestic offices
55133.00%% insured (estimated)
$89Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$2,048Subordinated debt
$0All other liabilities
$853Total equity capital
$853Total bank equity capital
$6,988Perpetual preferred stock
$0Common stock
$400Surplus
$2,850Undivided profits
Memoranda
$3,738Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$3Income earned, not collected on loans
$1,072Earning assets
$60,245Long-term assets (5+ years)
$6,335Average Assets, year-to-date
$62,719Average Assets, quarterly
$63,609Volatile liabilities
$10,739Insider loans
$813FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$6,959Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$5,752Total risk weighted assets
$48,010Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$5,225Total interest expense
$2,637Net interest income
$2,588Provision for loan and lease losses
$60Total noninterest income
$215Fiduciary activities
$0Service charges on deposit accounts
$160Trading account gains & fees
$0Additional noninterest income
$55Total noninterest expense
$1,229Salaries and employee benefits
$639Premises and equipment expense
$97Additional noninterest expense
$493Pre-tax net operating income
$1,514Securities gains (losses)
$0Applicable income taxes
$523Income before extraordinary items
$991Extraordinary gains - net
$0Net income attributable to bank
$991Net charge-offs
$51Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
9.02%Cost of funding earning assets
4.55%Net interest margin
4.47%Noninterest income to earning assets
0.37%Noninterest expense to earning assets
2.12%Net operating income to assets
1.58%Return on assets (ROA)
1.58%Pretax return on assets
2.41%Return on equity (ROE)
15.36%Retained earnings to average equity (YTD only)
15.36%Net charge-offs to loans
0.11%Credit loss provision to net charge-offs
117.65%Efficiency ratio
40,314Assets per employee
3.25%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.11%Loss allowance to noncurrent loans
34066.67%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.01%Net loans and leases to deposits
86.06%Net loans and leases to core deposits
102.17%Equity capital to assets
10.75%Core capital (leverage) ratio
9.24%Tier 1 risk-based capital ratio
11.98%Total risk-based capital ratio
Memoranda
$13Average assets
$62,719Average earning assets
$6,451Average equity
$57,956Average loans

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