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

This bank is inactive as of December 02, 1999

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

  • General
  • FDIC Certificate #: 33231
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Valencia Bank & Trust (#27091)
    Federal Reserve ID: 1820894
    Date Established: December 10, 1990
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Interstate: No)
    FDIC's unique #: 46669
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: December 10, 1990
    Last Structure Change Effective Date: December 02, 1999
    Last Structure Change Process Date: December 22, 1999
    Last Data Update: December 22, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 843 West Lancaster Boulevard, Lancaster, CA 93534
    County: Los Angeles
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Los Angeles (North)
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Los Angeles-Long Beach, CA (#4480)
    Consolidated Metropolitan Statistical Area (CMSA): Los Angeles-Riverside-Orange County, CA (#49)
    Combined Statistical Area (CSA): Los Angeles-Long Beach-Riverside, CA (#348)
    Core Based Statistical Area (CBSA): Los Angeles-Long Beach-Santa Ana, CA (#31100)
    CBSA Metro Statistical Area: Los Angeles-Long Beach-Santa Ana, CA (#31100)
    Core Based Statistical Division: Los Angeles-Long Beach-Glendale, CA (#31084)
  • Financial Summary
  • Total assets: $38.6 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
  • 31Total employees (full-time equivalent)
  • $39,292Total assets
  • $3,743Cash and due from depository institutions
  • $796Interest-bearing balances
  • $7,574Securities
  • $10,100Federal funds sold & reverse repurchase agreements
  • $16,557Net loans & leases
  • $187Loan loss allowance
  • $0Trading account assets
  • $880Bank premises and fixed assets
  • $60Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $378All other assets
  • $39,292Total liabilities and capital
  • $35,131Total liabilities
  • $34,980Total deposits
  • $20,263Interest-bearing deposits
  • $34,980Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $151All other liabilities
  • $4,161Total equity capital
  • $4,161Total bank equity capital
  • $4,161Perpetual preferred stock
  • $0Common stock
  • $2,114Surplus
  • $2,059Undivided profits
  • Memoranda
  • $-12Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $489Earning assets
  • $0Long-term assets (5+ years)
  • $93Average Assets, year-to-date
  • $35,027Average Assets, quarterly
  • $973Volatile liabilities
  • $36,837Insider loans
  • $38,838FHLB advances
  • $4,540Loans and leases held for sale
  • $776Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $4,045Total unused commitments
  • $0Restructured Loans and leases
  • $23,186Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $2,652Total interest income
  • $622Total interest expense
  • $2,030Net interest income
  • $8Provision for loan and lease losses
  • $534Total noninterest income
  • $0Fiduciary activities
  • $416Service charges on deposit accounts
  • $0Trading account gains & fees
  • $118Additional noninterest income
  • $2,393Total noninterest expense
  • $1,205Salaries and employee benefits
  • $355Premises and equipment expense
  • $833Additional noninterest expense
  • $163Pre-tax net operating income
  • $0Securities gains (losses)
  • $64Applicable income taxes
  • $99Income before extraordinary items
  • $0Extraordinary gains - net
  • $99Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $71Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.14%Yield on earning assets
  • 1.91%Cost of funding earning assets
  • 6.23%Net interest margin
  • 1.64%Noninterest income to earning assets
  • 7.34%Noninterest expense to earning assets
  • 0.27%Net operating income to assets
  • 0.27%Return on assets (ROA)
  • 0.44%Pretax return on assets
  • 2.41%Return on equity (ROE)
  • 2.41%Retained earnings to average equity (YTD only)
  • 0.41%Net charge-offs to loans
  • 11.27%Credit loss provision to net charge-offs
  • 2.41%Efficiency ratio
  • 93,331Assets per employee
  • 1.27%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.12%Loss allowance to noncurrent loans
  • 38.24%Noncurrent assets plus other real estate owned to assets
  • 1.40%Noncurrent loans to loans
  • 2.92%Net loans and leases to deposits
  • 47.33%Net loans and leases to core deposits
  • 54.39%Equity capital to assets
  • 10.59%Core capital (leverage) ratio
  • 10.72%Tier 1 risk-based capital ratio
  • 17.89%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $36,837Average earning assets
  • $4,113Average equity
  • $32,581Average loans

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