South Valley National Bank in Morgan Hill, California (CA)



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South Valley National Bank
GeneralFDIC Certificate #: 24643
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First National Bank of Central California (#25185)
Federal Reserve ID: 394969
Date Established: August 15, 1983
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 5 (Interstate: No)
OTS Docket #: 10343
FDIC's unique #: 17109
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: August 15, 1983
Last Structure Change Effective Date: October 14, 1998
Last Structure Change Process Date: December 07, 1998
Last Data Update: December 07, 1998
Data Source Date: April 05, 2012
LocationAddress: 500 Tennant Station, Morgan Hill, CA 95037
County: Santa Clara
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): San Jose, CA (#7400)
Consolidated Metropolitan Statistical Area (CMSA): San Francisco-Oakland-San Jose, CA (#84)
Combined Statistical Area (CSA): San Jose-San Francisco-Oakland, CA (#488)
Core Based Statistical Area (CBSA): San Jose-Sunnyvale-Santa Clara, CA (#41940)
CBSA Metro Statistical Area: San Jose-Sunnyvale-Santa Clara, CA (#41940)
Financial SummaryTotal assets: $234.0 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)
(Dollar figures in thousands)
Total employees (full-time equivalent)58
Total assets$222,295
Cash and due from depository institutions$21,035
Interest-bearing balances$99
Securities$60,364
Federal funds sold & reverse repurchase agreements$8,925
Net loans & leases$122,357
Loan loss allowance $1,745
Trading account assets$0
Bank premises and fixed assets$5,650
Other real estate owned$1,213
Goodwill and other intangibles$299
All other assets$2,452
Life insurance assets$0
Total liabilities and capital$222,295
Total liabilities$204,265
Total deposits$201,985
Interest-bearing deposits$145,430
Deposits held in domestic offices$201,985
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $776
Subordinated debt $0
All other liabilities $1,504
Total equity capital$18,030
Total bank equity capital$18,030
Perpetual preferred stock$18,030
Common stock$0
Surplus$2,000
Undivided profits $2,000
Memoranda
Noncurrent loans and leases $14,030
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $0
Earning assets $1,180
Long-term assets (5+ years) $28
Average Assets, year-to-date $793
Average Assets, quarterly $191,745
Volatile liabilities $60,138
Insider loans $204,882
FHLB advances $218,851
Loans and leases held for sale $30,860
Unused loan commitments $102
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $4,255
Total unused commitments $58,488
Restructured Loans and leases $0
Derivatives$155,898
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Income and Expense (December 31, 1997)
(Dollar figures in thousands)
Total interest income $17,038
Total interest expense $5,150
Net interest income $11,888
Provision for loan and lease losses $815
Total noninterest income $1,062
Fiduciary activities $0
Service charges on deposit accounts $890
Trading account gains & fees $0
Additional noninterest income $172
Total noninterest expense $7,284
Salaries and employee benefits $2,551
Premises and equipment expense $1,170
Additional noninterest expense $3,563
Pre-tax net operating income $4,851
Securities gains (losses) $11
Applicable income taxes $1,985
Income before extraordinary items $2,877
Extraordinary gains - net $0
Net income attributable to bank $2,877
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $512
Net operating income $1,295
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Performance and Condition Ratios (December 31, 1997)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets9.54%
Cost of funding earning assets 2.88%
Net interest margin 6.65%
Noninterest income to earning assets 0.59%
Noninterest expense to earning assets 4.08%
Net operating income to assets 1.40%
Return on assets (ROA) 1.40%
Pretax return on assets 2.37%
Return on equity (ROE) 16.53%
Retained earnings to average equity (YTD only) 9.09%
Net charge-offs to loans 0.41%
Credit loss provision to net charge-offs 159.18%
Efficiency ratio11.07%
Assets per employee$55,923
Cash dividends to net income (YTD only)3.83%
Condition Ratios (%)
Loss allowance to loans 45.01%
Loss allowance to noncurrent loans 1.41%
Noncurrent assets plus other real estate owned to assets 147.88%
Noncurrent loans to loans 0.53%
Net loans and leases to deposits0.95%
Net loans and leases to core deposits 60.58%
Equity capital to assets 71.31%
Core capital (leverage) ratio 8.11%
Tier 1 risk-based capital ratio 8.03%
Total risk-based capital ratio 11.28%
Memoranda
Average assets$12
Average earning assets$204,882
Average equity $17,406
Average loans $178,641
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