Valley American Bank and Trust Company in city_name, state_name

Valley American Bank and Trust Company in South Bend, Indiana (IN)
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Valley American Bank and Trust Company - Overview

General
FDIC Certificate #: 14518
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: National City Bank of Indiana (#4347)
Federal Reserve ID: 41049
Date Established: June 05, 1920
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 24 (Interstate: No)
OTS Docket #: 9757
FDIC's unique #: 9071
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: Yes
Date of Deposit Insurance: June 26, 1934
Last Structure Change Effective Date: November 20, 1998
Last Structure Change Process Date: Febuary 05, 1999
Last Data Update: Febuary 05, 1999
Data Source Date: April 05, 2012
Location
Address: 101 North Main Street, South Bend, IN 46601
County: St Joseph
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Indianapolis
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Metropolitan Statistical Area (MSA): South Bend, IN (#7800)
Combined Statistical Area (CSA): South Bend-Elkhart-Mishawaka, IN-MI (#515)
Core Based Statistical Area (CBSA): South Bend-Mishawaka, IN-MI (#43780)
CBSA Metro Statistical Area: South Bend-Mishawaka, IN-MI (#43780)
Financial Summary
Total assets: $913.5 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
381Total employees (full-time equivalent)
$970,366Total assets
$49,115Cash and due from depository institutions
$207Interest-bearing balances
$172,793Securities
$122,400Federal funds sold & reverse repurchase agreements
$547,204Net loans & leases
$10,400Loan loss allowance
$0Trading account assets
$18,939Bank premises and fixed assets
$853Other real estate owned
$48,624Goodwill and other intangibles
$0Life insurance assets
$10,438All other assets
$970,366Total liabilities and capital
$846,509Total liabilities
$678,953Total deposits
$546,113Interest-bearing deposits
$678,953Deposits held in domestic offices
0.00%% insured (estimated)
$111,529Federal funds purchased & repurchase agreements
$0Trading liabilities
$48,331Other borrowed funds
$0Subordinated debt
$7,696All other liabilities
$123,857Total equity capital
$123,857Total bank equity capital
$123,857Perpetual preferred stock
$0Common stock
$4,623Surplus
$79,140Undivided profits
Memoranda
$40,094Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$4,991Earning assets
$0Long-term assets (5+ years)
$3,267Average Assets, year-to-date
$842,604Average Assets, quarterly
$86,957Volatile liabilities
$926,582Insider loans
$933,374FHLB advances
$234,006Loans and leases held for sale
$21,126Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,071Total risk weighted assets
$239,659Total unused commitments
$0Restructured Loans and leases
$571,149Derivatives

Income and Expense (December 31, 1997)

Dollar figures in thousands
$64,070Total interest income
$31,511Total interest expense
$32,559Net interest income
$607Provision for loan and lease losses
$5,827Total noninterest income
$1,661Fiduciary activities
$2,184Service charges on deposit accounts
$0Trading account gains & fees
$1,982Additional noninterest income
$23,547Total noninterest expense
$12,105Salaries and employee benefits
$3,309Premises and equipment expense
$8,133Additional noninterest expense
$14,232Pre-tax net operating income
$70Securities gains (losses)
$6,107Applicable income taxes
$8,195Income before extraordinary items
$0Extraordinary gains - net
$8,195Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$2,007Sale, conversion, retirement of capital stock, net
$7,115Net operating income

Performance and Condition Ratios (December 31, 1997)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.04%Yield on earning assets
3.95%Cost of funding earning assets
4.09%Net interest margin
0.73%Noninterest income to earning assets
2.96%Noninterest expense to earning assets
0.88%Net operating income to assets
0.88%Return on assets (ROA)
1.54%Pretax return on assets
6.69%Return on equity (ROE)
0.88%Retained earnings to average equity (YTD only)
0.36%Net charge-offs to loans
30.24%Credit loss provision to net charge-offs
7.39%Efficiency ratio
53,882Assets per employee
2.55%Cash dividends to net income (YTD only)
Condition Ratios (%)
86.82%Loss allowance to loans
1.87%Loss allowance to noncurrent loans
208.38%Noncurrent assets plus other real estate owned to assets
0.60%Noncurrent loans to loans
0.90%Net loans and leases to deposits
80.60%Net loans and leases to core deposits
91.48%Equity capital to assets
12.76%Core capital (leverage) ratio
8.35%Tier 1 risk-based capital ratio
12.94%Total risk-based capital ratio
Memoranda
$14Average assets
$926,582Average earning assets
$122,468Average equity
$796,789Average loans

Valley American Bank and Trust Company in South Bend, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Valley American Bank and Trust Company - Overview

Assets and Liabilities (December 31, 1997)

Income and Expense (December 31, 1997)

Performance and Condition Ratios (December 31, 1997)

Comment about this bank, ask questions, or add new information about it:

Valley American Bank and Trust Company in South Bend, Indiana (IN)Overview, Financial Summary, Detailed Financial Reports, Branches

Valley American Bank and Trust Company - Overview

Assets and Liabilities (December 31, 1997)

Income and Expense (December 31, 1997)

Performance and Condition Ratios (December 31, 1997)

Comment about this bank, ask questions, or add new information about it:

Valley American Bank and Trust Company in South Bend, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches