Pacific Valley Bank in Salinas, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Pacific Valley Bank in Salinas, California (CA)
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Pacific Valley Bank - Overview

  • General
  • FDIC Certificate #: 57740
    Status: Active
    Federal Reserve ID: 3293540
    Date Established: September 14, 2004
    WWW: http://www.pacificvalleybank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 423295
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: September 14, 2004
    Last Structure Change Effective Date: September 30, 2009
    Last Structure Change Process Date: September 30, 2009
    Last Data Update: September 30, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 422 Main Street, Salinas, CA 93901
    County: Monterey
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: San Francisco
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Salinas, CA (#7120)
    Core Based Statistical Area (CBSA): Salinas, CA (#41500)
    CBSA Metro Statistical Area: Salinas, CA (#41500)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $178.2 mil
    Equity capital: $19.4 mil
    Deposits held in domestic offices: $156.0 mil
    Return on assets (ROA): 0.69% ($1.2 mil)
    Quarterly return on assets: 0.73% ($1.3 mil)
    Return on Equity (ROE): 6.37% ($1.2 mil)
    Quarterly return on equity: 6.66% ($1.3 mil)
    Net income: $1.2 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 0.70% ($1,247.4 mil)
    Quarterly Pretax return on assets: 0.67% ($1,193.9 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, 2011)

  • Dollar figures in thousands
  • 38Total employees (full-time equivalent)
  • $178,196Total assets
  • $8,826Cash and due from depository institutions
  • $248Interest-bearing balances
  • $5,791Securities
  • $26,905Federal funds sold & reverse repurchase agreements
  • $132,873Net loans & leases
  • $3,537Loan loss allowance
  • $0Trading account assets
  • $1,406Bank premises and fixed assets
  • $490Other real estate owned
  • $0Goodwill and other intangibles
  • $178,196Life insurance assets
  • $1,905All other assets
  • $158,824Total liabilities and capital
  • $156,042Total liabilities
  • $109,034Total deposits
  • $156,042Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,000Trading liabilities
  • $0Other borrowed funds
  • $782Subordinated debt
  • $19,372All other liabilities
  • $19,372Total equity capital
  • $19,372Total bank equity capital
  • $0Perpetual preferred stock
  • $31,183Common stock
  • $1,330Surplus
  • $-13,141Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,060Income earned, not collected on loans
  • $0Earning assets
  • $571Long-term assets (5+ years)
  • $165,817Average Assets, year-to-date
  • $14,230Average Assets, quarterly
  • $172,963Volatile liabilities
  • $176,000Insider loans
  • $145,711FHLB advances
  • $173,474Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $19,149Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $18,090Restructured Loans and leases
  • $11,715Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,266Total interest income
  • $1,275Total interest expense
  • $6,991Net interest income
  • $265Provision for loan and lease losses
  • $251Total noninterest income
  • $0Fiduciary activities
  • $135Service charges on deposit accounts
  • $0Trading account gains & fees
  • $116Additional noninterest income
  • $5,769Total noninterest expense
  • $3,190Salaries and employee benefits
  • $664Premises and equipment expense
  • $1,915Additional noninterest expense
  • $1,208Pre-tax net operating income
  • $0Securities gains (losses)
  • $10Applicable income taxes
  • $1,198Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,198Net income attributable to bank
  • $0Net charge-offs
  • $1,198Cash dividends
  • $1,164Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.08%Yield on earning assets
  • 0.78%Cost of funding earning assets
  • 4.29%Net interest margin
  • 0.15%Noninterest income to earning assets
  • 3.54%Noninterest expense to earning assets
  • 0.69%Net operating income to assets
  • 0.69%Return on assets (ROA)
  • 0.70%Pretax return on assets
  • 6.37%Return on equity (ROE)
  • 6.37%Retained earnings to average equity (YTD only)
  • 0.91%Net charge-offs to loans
  • 22.77%Credit loss provision to net charge-offs
  • 1.27%Efficiency ratio
  • 79,660Assets per employee
  • 4.69%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.59%Loss allowance to noncurrent loans
  • 69.90%Noncurrent assets plus other real estate owned to assets
  • 3.11%Noncurrent loans to loans
  • 3.71%Net loans and leases to deposits
  • 85.15%Net loans and leases to core deposits
  • 91.81%Equity capital to assets
  • 10.87%Core capital (leverage) ratio
  • 11.04%Tier 1 risk-based capital ratio
  • 13.14%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $172,963Average earning assets
  • $18,794Average equity
  • $162,790Average loans

List of branches

  • 4 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0423295Pacific Valley Bank422 Main Street, Salinas, CA 93901September 14, 2004Full Service Brick and Mortar
    1452062Salinas Main Branch422 Main Street, Salinas, CA 93901June 26, 2006Full Service Brick and Mortar
    2457318King City Branch302 Broadway Street, King City, CA 93930December 18, 2006Full Service Brick and Mortar
    4463034Monterey Branch498 Alvarado Street, Monterey, CA 93940May 07, 2007Full Service Brick and Mortar

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