The Valley Bank in Hillsborough, New Hampshire (NH)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 15, 1993

The Valley Bank in Hillsborough, New Hampshire (NH)
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The Valley Bank - Overview

General
FDIC Certificate #: 21357
Status: Inactive
Closing history: Consolidated - Without Assistance
Acquiring institution: CFX Bank (#17991)
Federal Reserve ID: 310606
Date Established: December 20, 1973
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Interstate: No)
FDIC's unique #: 14780
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: December 20, 1973
Last Structure Change Effective Date: November 15, 1993
Last Structure Change Process Date: November 29, 1993
Last Data Update: November 29, 1993
Data Source Date: April 05, 2012
Location
Address: West Main Street, Hillsborough, NH 3244
County: Hillsborough
Quarterly Banking Profile Region: New York
FDIC Geographic Region: New York
FDIC Supervisory Region: New York
FDIC Field Office: Concord
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Northeast
Combined Statistical Area (CSA): Boston-Worcester-Manchester, MA-RI-NH (#148)
Core Based Statistical Area (CBSA): Manchester-Nashua, NH (#31700)
CBSA Metro Statistical Area: Manchester-Nashua, NH (#31700)
Financial Summary
Total assets: $69.8 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$32Total assets
$74,702Cash and due from depository institutions
$4,573Interest-bearing balances
$2,269Securities
$17,822Federal funds sold & reverse repurchase agreements
$200Net loans & leases
$44,059Loan loss allowance
$778Trading account assets
$2,996Bank premises and fixed assets
$1,805Other real estate owned
$686Goodwill and other intangibles
$641Life insurance assets
$1,920All other assets
$0Total liabilities and capital
$74,702Total liabilities
$68,000Total deposits
$67,150Interest-bearing deposits
$61,633Deposits held in domestic offices
67150.00%% insured (estimated)
$93Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$533Subordinated debt
$0All other liabilities
$317Total equity capital
$317Total bank equity capital
$6,702Perpetual preferred stock
$0Common stock
$100Surplus
$6,404Undivided profits
Memoranda
$198Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$2,232Income earned, not collected on loans
$324Earning assets
$67,346Long-term assets (5+ years)
$10,086Average Assets, year-to-date
$75,993Average Assets, quarterly
$74,512Volatile liabilities
$3,807Insider loans
$144FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$3,184Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,782Total risk weighted assets
$42,959Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$5,656Total interest expense
$2,989Net interest income
$2,667Provision for loan and lease losses
$356Total noninterest income
$372Fiduciary activities
$0Service charges on deposit accounts
$227Trading account gains & fees
$0Additional noninterest income
$145Total noninterest expense
$2,564Salaries and employee benefits
$857Premises and equipment expense
$331Additional noninterest expense
$1,376Pre-tax net operating income
$119Securities gains (losses)
$42Applicable income taxes
$81Income before extraordinary items
$80Extraordinary gains - net
$0Net income attributable to bank
$80Net charge-offs
$201Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.10%Cost of funding earning assets
4.28%Net interest margin
3.82%Noninterest income to earning assets
0.53%Noninterest expense to earning assets
3.67%Net operating income to assets
0.07%Return on assets (ROA)
0.11%Pretax return on assets
0.21%Return on equity (ROE)
1.32%Retained earnings to average equity (YTD only)
1.32%Net charge-offs to loans
0.50%Credit loss provision to net charge-offs
177.11%Efficiency ratio
76,538Assets per employee
2.33%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.74%Loss allowance to noncurrent loans
34.86%Noncurrent assets plus other real estate owned to assets
3.91%Noncurrent loans to loans
4.98%Net loans and leases to deposits
65.61%Net loans and leases to core deposits
68.98%Equity capital to assets
8.97%Core capital (leverage) ratio
6.50%Tier 1 risk-based capital ratio
11.13%Total risk-based capital ratio
Memoranda
$12Average assets
$75,993Average earning assets
$6,048Average equity
$69,856Average loans

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