The Village Bank in Saint George, Utah (UT)
Overview, Financial Summary, Detailed Financial Reports, Branches


The Village Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Summary
  • Total 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
  • 51Total employees (full-time equivalent)
  • $175,138Total assets
  • $10,074Cash and due from depository institutions
  • $2,470Interest-bearing balances
  • $26,560Securities
  • $676Federal funds sold & reverse repurchase agreements
  • $101,039Net loans & leases
  • $4,935Loan loss allowance
  • $0Trading account assets
  • $8,236Bank premises and fixed assets
  • $15,234Other real estate owned
  • $0Goodwill and other intangibles
  • $175,138Life insurance assets
  • $13,319All other assets
  • $164,556Total liabilities and capital
  • $159,167Total liabilities
  • $125,229Total deposits
  • $159,167Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 4416.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $468Trading liabilities
  • $0Other borrowed funds
  • $505Subordinated debt
  • $10,582All other liabilities
  • $10,582Total equity capital
  • $10,582Total bank equity capital
  • $0Perpetual preferred stock
  • $696Common stock
  • $9,758Surplus
  • $128Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,161Income earned, not collected on loans
  • $0Earning assets
  • $568Long-term assets (5+ years)
  • $130,745Average Assets, year-to-date
  • $18,369Average Assets, quarterly
  • $192,766Volatile liabilities
  • $179,494Insider loans
  • $132,225FHLB advances
  • $174,971Loans and leases held for sale
  • $3,902Unused loan commitments
  • $3,902Tier 1 (core) risk-based capital
  • $3,165Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $21,602Restructured Loans and leases
  • $3,708Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,344Total interest income
  • $1,538Total interest expense
  • $6,806Net interest income
  • $2,439Provision for loan and lease losses
  • -$3,256Total noninterest income
  • $0Fiduciary activities
  • $496Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$3,752Additional noninterest income
  • $6,791Total noninterest expense
  • $2,558Salaries and employee benefits
  • $1,217Premises and equipment expense
  • $3,016Additional noninterest expense
  • -$5,680Pre-tax net operating income
  • $511Securities gains (losses)
  • -$2,057Applicable income taxes
  • -$3,112Income before extraordinary items
  • $0Extraordinary gains - net
  • -$3,112Net income attributable to bank
  • $0Net charge-offs
  • -$3,112Cash dividends
  • $3,003Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.65%Yield on earning assets
  • 1.04%Cost of funding earning assets
  • 4.61%Net interest margin
  • -2.20%Noninterest income to earning assets
  • 4.60%Noninterest expense to earning assets
  • -1.78%Net operating income to assets
  • -1.61%Return on assets (ROA)
  • -2.68%Pretax return on assets
  • -25.62%Return on equity (ROE)
  • -25.62%Retained earnings to average equity (YTD only)
  • 2.55%Net charge-offs to loans
  • 81.22%Credit loss provision to net charge-offs
  • -1.08%Efficiency ratio
  • 191,296Assets per employee
  • 3.43%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.66%Loss allowance to noncurrent loans
  • 425.06%Noncurrent assets plus other real estate owned to assets
  • 9.36%Noncurrent loans to loans
  • 1.10%Net loans and leases to deposits
  • 63.48%Net loans and leases to core deposits
  • 64.41%Equity capital to assets
  • 6.04%Core capital (leverage) ratio
  • 1.81%Tier 1 risk-based capital ratio
  • 2.39%Total risk-based capital ratio
  • Memoranda
  • $4Average assets
  • $192,766Average earning assets
  • $12,148Average equity
  • $147,774Average loans

List of branches

  • 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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