First Valley Bank in Lompoc, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 01, 1997

  • First Valley Bank in Lompoc, California (CA)
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First Valley Bank - Overview

  • General
  • FDIC Certificate #: 21024
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Santa Barbara Bank & Trust, National Association (#18169)
    Federal Reserve ID: 778765
    Date Established: April 04, 1973
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Interstate: No)
    FDIC's unique #: 14526
    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: April 04, 1973
    Last Structure Change Effective Date: April 01, 1997
    Last Structure Change Process Date: May 06, 1997
    Last Data Update: May 06, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 200 North H Street, Lompoc, CA 93436
    County: Santa Barbara
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Los Angeles (West)
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Santa Barbara-Santa Maria-Lompoc, CA (#7480)
    Core Based Statistical Area (CBSA): Santa Barbara-Santa Maria-Goleta, CA (#42060)
    CBSA Metro Statistical Area: Santa Barbara-Santa Maria-Goleta, CA (#42060)
  • Financial Summary
  • Total assets: $123.0 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $69Total assets
  • $125,163Cash and due from depository institutions
  • $5,050Interest-bearing balances
  • $0Securities
  • $47,209Federal funds sold & reverse repurchase agreements
  • $2,825Net loans & leases
  • $65,080Loan loss allowance
  • $1,266Trading account assets
  • $0Bank premises and fixed assets
  • $2,354Other real estate owned
  • $15Goodwill and other intangibles
  • $2,630Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $125,163Total liabilities
  • $109,929Total deposits
  • $107,476Interest-bearing deposits
  • $92,542Deposits held in domestic offices
  • 107476.00%% insured (estimated)
  • $89Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,185Subordinated debt
  • $0All other liabilities
  • $268Total equity capital
  • $268Total bank equity capital
  • $15,234Perpetual preferred stock
  • $0Common stock
  • $450Surplus
  • $800Undivided profits
  • Memoranda
  • $13,984Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $588Income earned, not collected on loans
  • $563Earning assets
  • $115,114Long-term assets (5+ years)
  • $2,614Average Assets, year-to-date
  • $128,220Average Assets, quarterly
  • $127,972Volatile liabilities
  • $18,307Insider loans
  • $1,505FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $10,681Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $15,343Total risk weighted assets
  • $75,515Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $9,675Total interest expense
  • $3,830Net interest income
  • $5,845Provision for loan and lease losses
  • $0Total noninterest income
  • $933Fiduciary activities
  • $0Service charges on deposit accounts
  • $436Trading account gains & fees
  • $0Additional noninterest income
  • $497Total noninterest expense
  • $4,308Salaries and employee benefits
  • $1,990Premises and equipment expense
  • $770Additional noninterest expense
  • $1,548Pre-tax net operating income
  • $2,470Securities gains (losses)
  • $0Applicable income taxes
  • $877Income before extraordinary items
  • $1,593Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,593Net charge-offs
  • $37Cash dividends
  • $203Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.21%Cost of funding earning assets
  • 3.25%Net interest margin
  • 4.96%Noninterest income to earning assets
  • 0.79%Noninterest expense to earning assets
  • 3.66%Net operating income to assets
  • 1.24%Return on assets (ROA)
  • 1.24%Pretax return on assets
  • 1.93%Return on equity (ROE)
  • 11.02%Retained earnings to average equity (YTD only)
  • 9.62%Net charge-offs to loans
  • 0.06%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 63,559Assets per employee
  • 1.81%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 12.74%Loss allowance to loans
  • 1.91%Loss allowance to noncurrent loans
  • 215.31%Noncurrent assets plus other real estate owned to assets
  • 0.48%Noncurrent loans to loans
  • 0.89%Net loans and leases to deposits
  • 60.55%Net loans and leases to core deposits
  • 71.24%Equity capital to assets
  • 12.17%Core capital (leverage) ratio
  • 11.88%Tier 1 risk-based capital ratio
  • 20.32%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $128,220Average earning assets
  • $14,455Average equity
  • $117,802Average loans

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