The Village Bank in Saint George, Utah (UT)



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The Village Bank
GeneralFDIC Certificate #: 34219
Status: Active
Federal Reserve ID: 2488956
Bank Holding Company (Regulatory Top Holder): Village Bancorp (RSSDID: 2837349, Location: Saint George, UT)
Date Established: August 07, 1996
WWW: http://www.thevillagebank.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 #: 56977
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: August 07, 1996
Last Structure Change Effective Date: October 28, 2008
Last Structure Change Process Date: October 28, 2008
Last Data Update: October 28, 2008
Data Source Date: April 05, 2012
LocationAddress: 294 E. Tabernacle Street, Saint George, UT 84770
County: Washington
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
Core Based Statistical Area (CBSA): St. George, UT (#41100)
CBSA Metro Statistical Area: St. George, UT (#41100)
Financial SummaryTotal assets: $175.1 mil
Equity capital: $10.6 mil
Deposits held in domestic offices: $159.2 mil
Return on assets (ROA): -1.61% (-$2.8 mil)
Quarterly return on assets: -1.99% (-$3.5 mil)
Return on Equity (ROE): -25.62% (-$2.8 mil)
Quarterly return on equity: -32.48% (-$3.6 mil)
Net income: -$3.1 mil
Quarterly Net income: -$0.9 mil
Pretax return on assets: -2.68% (-$4,693.7 mil)
Quarterly Pretax return on assets: -3.32% (-$5,814.6 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ 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)
Total employees (full-time equivalent)51
Total assets$175,138
Cash and due from depository institutions$10,074
Interest-bearing balances$2,470
Securities$26,560
Federal funds sold & reverse repurchase agreements$676
Net loans & leases$101,039
Loan loss allowance $4,935
Trading account assets$0
Bank premises and fixed assets$8,236
Other real estate owned$15,234
Goodwill and other intangibles$0
All other assets$13,319
Life insurance assets$175,138
Total liabilities and capital$164,556
Total liabilities$159,167
Total deposits$125,229
Interest-bearing deposits$159,167
Deposits held in domestic offices$96
% insured (estimated)4416.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$468
Other borrowed funds $0
Subordinated debt $505
All other liabilities $10,582
Total equity capital$10,582
Total bank equity capital$10,582
Perpetual preferred stock$0
Common stock$696
Surplus$9,758
Undivided profits $128
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $1,161
Earning assets $0
Long-term assets (5+ years) $568
Average Assets, year-to-date $130,745
Average Assets, quarterly $18,369
Volatile liabilities $192,766
Insider loans $179,494
FHLB advances $132,225
Loans and leases held for sale $174,971
Unused loan commitments $3,902
Tier 1 (core) risk-based capital $3,902
Tier 2 risk-based capital $3,165
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $21,602
Derivatives$3,708
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $8,344
Total interest expense $1,538
Net interest income $6,806
Provision for loan and lease losses $2,439
Total noninterest income -$3,256
Fiduciary activities $0
Service charges on deposit accounts $496
Trading account gains & fees $0
Additional noninterest income -$3,752
Total noninterest expense $6,791
Salaries and employee benefits $2,558
Premises and equipment expense $1,217
Additional noninterest expense $3,016
Pre-tax net operating income -$5,680
Securities gains (losses) $511
Applicable income taxes -$2,057
Income before extraordinary items -$3,112
Extraordinary gains - net $0
Net income attributable to bank -$3,112
Net charge-offs $0
Cash dividends -$3,112
Sale, conversion, retirement of capital stock, net $3,003
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.65%
Cost of funding earning assets 1.04%
Net interest margin 4.61%
Noninterest income to earning assets -2.20%
Noninterest expense to earning assets 4.60%
Net operating income to assets -1.78%
Return on assets (ROA) -1.61%
Pretax return on assets -2.68%
Return on equity (ROE) -25.62%
Retained earnings to average equity (YTD only) -25.62%
Net charge-offs to loans 2.55%
Credit loss provision to net charge-offs 81.22%
Efficiency ratio-1.08%
Assets per employee$191,296
Cash dividends to net income (YTD only)3.43%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 4.66%
Noncurrent assets plus other real estate owned to assets 425.06%
Noncurrent loans to loans 9.36%
Net loans and leases to deposits1.10%
Net loans and leases to core deposits 63.48%
Equity capital to assets 64.41%
Core capital (leverage) ratio 6.04%
Tier 1 risk-based capital ratio 1.81%
Total risk-based capital ratio 2.39%
Memoranda
Average assets$4
Average earning assets$192,766
Average equity $12,148
Average loans $147,774
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4 Utah Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
056977The Village Bank294 E. Tabernacle Street, Saint George, UT 84770August 07, 1996Full Service Brick and Mortar
1334350Sunset Branch1091 N. Bluff, Saint George, UT 84770April 27, 2000Full Service Brick and Mortar
3423256River Road1224 S. River Road, Saint George, UT 84790August 14, 2003Full Service Brick and Mortar
4456666Cottonmill Branch650 W. Telegraph Street, Washington, UT 84780November 24, 2006Full Service Brick and Mortar
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