Central Valley Bank in Ottumwa, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 2006

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

Central Valley Bank - Overview

  • General
  • FDIC Certificate #: 33921
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: MidWestOne Bank (#14197)
    Federal Reserve ID: 2218425
    Date Established: June 24, 1994
    WWW: http://www.centralvalleybank.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    OTS Docket #: 12116
    FDIC's unique #: 54777
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    SAIF Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: June 24, 1994
    Last Structure Change Effective Date: January 01, 2006
    Last Structure Change Process Date: January 11, 2006
    Last Data Update: January 11, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 116 West Main Street, Ottumwa, IA 52501
    County: Wapello
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Des Moines
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Core Based Statistical Area (CBSA): Ottumwa, IA (#36900)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $130.7 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, 2005)

  • Dollar figures in thousands
  • 34Total employees (full-time equivalent)
  • $130,662Total assets
  • $3,127Cash and due from depository institutions
  • $53Interest-bearing balances
  • $9,551Securities
  • $4,170Federal funds sold & reverse repurchase agreements
  • $104,583Net loans & leases
  • $1,431Loan loss allowance
  • $0Trading account assets
  • $2,724Bank premises and fixed assets
  • $1,587Other real estate owned
  • $3,193Goodwill and other intangibles
  • $0Life insurance assets
  • $1,727All other assets
  • $130,662Total liabilities and capital
  • $117,539Total liabilities
  • $105,717Total deposits
  • $92,640Interest-bearing deposits
  • $105,717Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $10,000Other borrowed funds
  • $0Subordinated debt
  • $1,822All other liabilities
  • $13,123Total equity capital
  • $13,123Total bank equity capital
  • $13,123Perpetual preferred stock
  • $0Common stock
  • $1,000Surplus
  • $9,230Undivided profits
  • Memoranda
  • $2,893Noncurrent loans and leases
  • $14,061Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $7,129Earning assets
  • $0Long-term assets (5+ years)
  • $713Average Assets, year-to-date
  • $118,357Average Assets, quarterly
  • $8,029Volatile liabilities
  • $124,336Insider loans
  • $126,607FHLB advances
  • $15,821Loans and leases held for sale
  • $638Unused loan commitments
  • $10,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $167Total risk weighted assets
  • $14,061Total unused commitments
  • $0Restructured Loans and leases
  • $1,182Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $8,209Total interest income
  • $2,457Total interest expense
  • $5,752Net interest income
  • $715Provision for loan and lease losses
  • $855Total noninterest income
  • $0Fiduciary activities
  • $441Service charges on deposit accounts
  • $0Trading account gains & fees
  • $414Additional noninterest income
  • $3,376Total noninterest expense
  • $1,627Salaries and employee benefits
  • $350Premises and equipment expense
  • $1,399Additional noninterest expense
  • $2,516Pre-tax net operating income
  • $0Securities gains (losses)
  • $887Applicable income taxes
  • $1,629Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,629Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $574Sale, conversion, retirement of capital stock, net
  • $1,600Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.25%Yield on earning assets
  • 2.17%Cost of funding earning assets
  • 5.08%Net interest margin
  • 0.75%Noninterest income to earning assets
  • 2.98%Noninterest expense to earning assets
  • 1.31%Net operating income to assets
  • 1.31%Return on assets (ROA)
  • 2.02%Pretax return on assets
  • 12.35%Return on equity (ROE)
  • 0.22%Retained earnings to average equity (YTD only)
  • 0.56%Net charge-offs to loans
  • 124.56%Credit loss provision to net charge-offs
  • 5.63%Efficiency ratio
  • 50,522Assets per employee
  • 3.84%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 98.22%Loss allowance to loans
  • 1.35%Loss allowance to noncurrent loans
  • 20.07%Noncurrent assets plus other real estate owned to assets
  • 6.67%Noncurrent loans to loans
  • 6.72%Net loans and leases to deposits
  • 98.93%Net loans and leases to core deposits
  • 112.58%Equity capital to assets
  • 10.04%Core capital (leverage) ratio
  • 8.00%Tier 1 risk-based capital ratio
  • 10.66%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $124,336Average earning assets
  • $13,193Average equity
  • $113,260Average loans

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