First Valley Bank in Harlingen, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 20, 1999

  • First Valley Bank in Harlingen, Texas (TX)
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First Valley Bank - Overview

  • General
  • FDIC Certificate #: 11166
    Status: Inactive
    Closing history: Consolidated - Without Assistance
    Acquiring institution: Wells Fargo Bank Texas, National Association (#14533)
    Federal Reserve ID: 921365
    Date Established: March 05, 1907
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 20 (Interstate: No)
    OTS Docket #: 11376
    FDIC's unique #: 7126
    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: January 01, 1934
    Last Structure Change Effective Date: March 20, 1999
    Last Structure Change Process Date: March 30, 1999
    Last Data Update: March 30, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 1901 South 77 Sunshine Strip, Harlingen, TX 78550
    County: Cameron
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Houston
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Brownsville-Harlingen-San Benito, TX (#1240)
    Combined Statistical Area (CSA): Brownsville-Harlingen-Raymondville, TX (#154)
    Core Based Statistical Area (CBSA): Brownsville-Harlingen, TX (#15180)
    CBSA Metro Statistical Area: Brownsville-Harlingen, TX (#15180)
  • Financial Summary
  • Total assets: $462.2 mil

1992 - 1999 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, 1998)

  • Dollar figures in thousands
  • 261Total employees (full-time equivalent)
  • $462,232Total assets
  • $28,623Cash and due from depository institutions
  • $0Interest-bearing balances
  • $35,430Securities
  • $160,300Federal funds sold & reverse repurchase agreements
  • $200,434Net loans & leases
  • $15,830Loan loss allowance
  • $0Trading account assets
  • $16,257Bank premises and fixed assets
  • $776Other real estate owned
  • $2,507Goodwill and other intangibles
  • $0Life insurance assets
  • $17,905All other assets
  • $462,232Total liabilities and capital
  • $429,646Total liabilities
  • $417,211Total deposits
  • $331,859Interest-bearing deposits
  • $417,211Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $40Other borrowed funds
  • $0Subordinated debt
  • $12,395All other liabilities
  • $32,586Total equity capital
  • $32,586Total bank equity capital
  • $32,586Perpetual preferred stock
  • $0Common stock
  • $400Surplus
  • $36,208Undivided profits
  • Memoranda
  • $-4,022Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $6,310Earning assets
  • $222Long-term assets (5+ years)
  • $1,790Average Assets, year-to-date
  • $396,164Average Assets, quarterly
  • $19,336Volatile liabilities
  • $449,346Insider loans
  • $454,013FHLB advances
  • $52,848Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $14,511Total unused commitments
  • $0Restructured Loans and leases
  • $238,016Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $33,505Total interest income
  • $12,195Total interest expense
  • $21,310Net interest income
  • $0Provision for loan and lease losses
  • $5,601Total noninterest income
  • $0Fiduciary activities
  • $4,837Service charges on deposit accounts
  • $0Trading account gains & fees
  • $764Additional noninterest income
  • $20,753Total noninterest expense
  • $9,684Salaries and employee benefits
  • $3,727Premises and equipment expense
  • $7,342Additional noninterest expense
  • $6,158Pre-tax net operating income
  • -$35Securities gains (losses)
  • $2,171Applicable income taxes
  • $3,952Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,952Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $4,484Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.63%Yield on earning assets
  • 3.14%Cost of funding earning assets
  • 5.49%Net interest margin
  • 1.44%Noninterest income to earning assets
  • 5.35%Noninterest expense to earning assets
  • 0.88%Net operating income to assets
  • 0.88%Return on assets (ROA)
  • 1.36%Pretax return on assets
  • 12.78%Return on equity (ROE)
  • 12.78%Retained earnings to average equity (YTD only)
  • 1.84%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 1.37%Efficiency ratio
  • 76,236Assets per employee
  • 1.77%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 7.32%Loss allowance to noncurrent loans
  • 250.87%Noncurrent assets plus other real estate owned to assets
  • 1.53%Noncurrent loans to loans
  • 2.92%Net loans and leases to deposits
  • 48.04%Net loans and leases to core deposits
  • 55.00%Equity capital to assets
  • 7.05%Core capital (leverage) ratio
  • 6.88%Tier 1 risk-based capital ratio
  • 12.56%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $449,346Average earning assets
  • $30,914Average equity
  • $388,172Average loans

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