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

This bank is inactive as of January 31, 2002

  • Valley State Bank in Eldridge, Iowa (IA)
  • Show street view No street view available for this location

Valley State Bank - Overview

  • General
  • FDIC Certificate #: 33828
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Valley Bank (#10450)
    Federal Reserve ID: 2085177
    Date Established: August 27, 1993
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Interstate: No)
    OTS Docket #: 13073
    FDIC's unique #: 48135
    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: August 27, 1993
    Last Structure Change Effective Date: January 31, 2002
    Last Structure Change Process Date: Febuary 20, 2002
    Last Data Update: Febuary 20, 2002
    Data Source Date: April 05, 2012
  • Location
  • Address: 500 East Leclaire Road, Eldridge, IA 52748
    County: Scott
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Cedar Rapids
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Davenport-Moline-Rock Island, IA-IL (#1960)
    Core Based Statistical Area (CBSA): Davenport-Moline-Rock Island, IA-IL (#19340)
    CBSA Metro Statistical Area: Davenport-Moline-Rock Island, IA-IL (#19340)
  • Financial Summary
  • Total assets: $223.4 mil

1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2001)

  • Dollar figures in thousands
  • 69Total employees (full-time equivalent)
  • $223,393Total assets
  • $3,584Cash and due from depository institutions
  • $26Interest-bearing balances
  • $63,163Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $147,539Net loans & leases
  • $1,599Loan loss allowance
  • $2Trading account assets
  • $4,541Bank premises and fixed assets
  • $0Other real estate owned
  • $367Goodwill and other intangibles
  • $0Life insurance assets
  • $4,197All other assets
  • $223,393Total liabilities and capital
  • $206,024Total liabilities
  • $164,027Total deposits
  • $145,412Interest-bearing deposits
  • $164,027Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $5,124Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $35,050Other borrowed funds
  • $0Subordinated debt
  • $1,823All other liabilities
  • $17,369Total equity capital
  • $17,369Total bank equity capital
  • $17,369Perpetual preferred stock
  • $0Common stock
  • $750Surplus
  • $9,874Undivided profits
  • Memoranda
  • $6,745Noncurrent loans and leases
  • $19,021Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $366Earning assets
  • $0Long-term assets (5+ years)
  • $1,640Average Assets, year-to-date
  • $210,730Average Assets, quarterly
  • $65,646Volatile liabilities
  • $206,843Insider loans
  • $219,994FHLB advances
  • $45,368Loans and leases held for sale
  • $4,997Unused loan commitments
  • $35,050Tier 1 (core) risk-based capital
  • $10,000Tier 2 risk-based capital
  • $9,711Total risk weighted assets
  • $19,021Total unused commitments
  • $0Restructured Loans and leases
  • $1,599Derivatives

Income and Expense (December 31, 2001)

  • Dollar figures in thousands
  • $14,966Total interest income
  • $8,539Total interest expense
  • $6,427Net interest income
  • $1,191Provision for loan and lease losses
  • $2,899Total noninterest income
  • $0Fiduciary activities
  • $415Service charges on deposit accounts
  • -$48Trading account gains & fees
  • $2,532Additional noninterest income
  • $5,991Total noninterest expense
  • $3,506Salaries and employee benefits
  • $650Premises and equipment expense
  • $1,835Additional noninterest expense
  • $2,144Pre-tax net operating income
  • $120Securities gains (losses)
  • $563Applicable income taxes
  • $1,701Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,701Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $684Sale, conversion, retirement of capital stock, net
  • $287Net operating income

Performance and Condition Ratios (December 31, 2001)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.67%Yield on earning assets
  • 4.38%Cost of funding earning assets
  • 3.29%Net interest margin
  • 1.49%Noninterest income to earning assets
  • 3.07%Noninterest expense to earning assets
  • 0.78%Net operating income to assets
  • 0.82%Return on assets (ROA)
  • 1.09%Pretax return on assets
  • 10.54%Return on equity (ROE)
  • 8.76%Retained earnings to average equity (YTD only)
  • 0.51%Net charge-offs to loans
  • 174.12%Credit loss provision to net charge-offs
  • 4.88%Efficiency ratio
  • 63,736Assets per employee
  • 3.24%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 16.87%Loss allowance to loans
  • 1.07%Loss allowance to noncurrent loans
  • 436.89%Noncurrent assets plus other real estate owned to assets
  • 0.16%Noncurrent loans to loans
  • 0.25%Net loans and leases to deposits
  • 89.95%Net loans and leases to core deposits
  • 109.79%Equity capital to assets
  • 7.78%Core capital (leverage) ratio
  • 7.59%Tier 1 risk-based capital ratio
  • 10.54%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $206,843Average earning assets
  • $16,135Average equity
  • $195,094Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Valley State Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents