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- Banks in Iowa (IA)
- Central Valley Bank
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)
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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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- Banks in Iowa (IA)
- Central Valley Bank
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