Heber Valley National Bank in Heber City, Utah (UT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 30, 2005

  • Heber Valley National Bank in Heber City, Utah (UT)
  • Show street view No street view available for this location

Heber Valley National Bank - Overview

  • General
  • FDIC Certificate #: 35484
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Grand Valley Bank (#24922)
    Federal Reserve ID: 2860628
    Date Established: May 01, 2000
    WWW: http://www.hebervalleybank.com
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 80568
    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: May 01, 2000
    Last Structure Change Effective Date: December 30, 2005
    Last Structure Change Process Date: January 17, 2006
    Last Data Update: January 17, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 2 South Main Street, Heber City, UT 84032
    County: Wasatch
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Salt Lake City
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
    Combined Statistical Area (CSA): Salt Lake City-Ogden-Clearfield, UT (#482)
    Core Based Statistical Area (CBSA): Heber, UT (#25720)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $35.4 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, 2004)

  • Dollar figures in thousands
  • 8Total employees (full-time equivalent)
  • $28,954Total assets
  • $645Cash and due from depository institutions
  • $0Interest-bearing balances
  • $8,258Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $19,336Net loans & leases
  • $353Loan loss allowance
  • $0Trading account assets
  • $342Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $373All other assets
  • $28,954Total liabilities and capital
  • $26,576Total liabilities
  • $22,866Total deposits
  • $18,993Interest-bearing deposits
  • $22,866Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $2,462Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $1,107Other borrowed funds
  • $0Subordinated debt
  • $141All other liabilities
  • $2,378Total equity capital
  • $2,378Total bank equity capital
  • $2,378Perpetual preferred stock
  • $0Common stock
  • $1,000Surplus
  • $1,500Undivided profits
  • Memoranda
  • $-122Noncurrent loans and leases
  • $1,941Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $57Earning assets
  • $0Long-term assets (5+ years)
  • $211Average Assets, year-to-date
  • $27,594Average Assets, quarterly
  • $2,891Volatile liabilities
  • $25,558Insider loans
  • $27,481FHLB advances
  • $5,033Loans and leases held for sale
  • $1Unused loan commitments
  • $1,107Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $300Total risk weighted assets
  • $1,941Total unused commitments
  • $0Restructured Loans and leases
  • $293Derivatives

Income and Expense (December 31, 2004)

  • Dollar figures in thousands
  • $1,521Total interest income
  • $338Total interest expense
  • $1,183Net interest income
  • $50Provision for loan and lease losses
  • $130Total noninterest income
  • $0Fiduciary activities
  • $44Service charges on deposit accounts
  • $0Trading account gains & fees
  • $86Additional noninterest income
  • $935Total noninterest expense
  • $522Salaries and employee benefits
  • $176Premises and equipment expense
  • $237Additional noninterest expense
  • $328Pre-tax net operating income
  • $0Securities gains (losses)
  • $110Applicable income taxes
  • $218Income before extraordinary items
  • $0Extraordinary gains - net
  • $218Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $7Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2004)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.22%Yield on earning assets
  • 1.38%Cost of funding earning assets
  • 4.84%Net interest margin
  • 0.53%Noninterest income to earning assets
  • 3.82%Noninterest expense to earning assets
  • 0.85%Net operating income to assets
  • 0.85%Return on assets (ROA)
  • 1.28%Pretax return on assets
  • 9.62%Return on equity (ROE)
  • 9.62%Retained earnings to average equity (YTD only)
  • 0.04%Net charge-offs to loans
  • 714.29%Credit loss provision to net charge-offs
  • 54.00%Efficiency ratio
  • 71,211Assets per employee
  • 3.62%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.79%Loss allowance to noncurrent loans
  • 619.30%Noncurrent assets plus other real estate owned to assets
  • 0.20%Noncurrent loans to loans
  • 0.29%Net loans and leases to deposits
  • 84.56%Net loans and leases to core deposits
  • 95.27%Equity capital to assets
  • 8.21%Core capital (leverage) ratio
  • 8.54%Tier 1 risk-based capital ratio
  • 10.20%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $25,558Average earning assets
  • $2,267Average equity
  • $24,445Average loans

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