Valley Bank in Puyallup, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Valley Bank - Overview

  • General
  • FDIC Certificate #: 21231
    Status: Active
    Federal Reserve ID: 495277
    Bank Holding Company (Regulatory Top Holder): Valley Community Bancshares, Inc. (RSSDID: 2693385, Location: Puyallup, WA)
    Date Established: October 01, 1973
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 9 (Domestic: 9, Interstate: No)
    OTS Docket #: 15558
    FDIC's unique #: 14683
    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: October 01, 1973
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 1307 East Main Street, Puyallup, WA 98371
    County: Pierce
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Seattle
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Tacoma, WA (#8200)
    Consolidated Metropolitan Statistical Area (CMSA): Seattle-Tacoma-Bremerton, WA (#91)
    Combined Statistical Area (CSA): Seattle-Tacoma-Olympia, WA (#500)
    Core Based Statistical Area (CBSA): Seattle-Tacoma-Bellevue, WA (#42660)
    CBSA Metro Statistical Area: Seattle-Tacoma-Bellevue, WA (#42660)
    Core Based Statistical Division: Tacoma, WA (#45104)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $236.9 mil
    Equity capital: $28.0 mil
    Deposits held in domestic offices: $207.6 mil
    Return on assets (ROA): 0.96% ($2.3 mil)
    Quarterly return on assets: 1.09% ($2.6 mil)
    Return on Equity (ROE): 7.97% ($2.2 mil)
    Quarterly return on equity: 9.13% ($2.6 mil)
    Net income: $2.2 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 1.32% ($3,127.5 mil)
    Quarterly Pretax return on assets: 1.45% ($3,435.6 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
  • 67Total employees (full-time equivalent)
  • $236,935Total assets
  • $42,016Cash and due from depository institutions
  • $37,869Interest-bearing balances
  • $62,427Securities
  • $995Federal funds sold & reverse repurchase agreements
  • $124,284Net loans & leases
  • $2,182Loan loss allowance
  • $0Trading account assets
  • $4,610Bank premises and fixed assets
  • $781Other real estate owned
  • $0Goodwill and other intangibles
  • $236,935Life insurance assets
  • $1,822All other assets
  • $208,922Total liabilities and capital
  • $207,618Total liabilities
  • $157,617Total deposits
  • $207,618Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,304Subordinated debt
  • $28,013All other liabilities
  • $28,013Total equity capital
  • $28,013Total bank equity capital
  • $0Perpetual preferred stock
  • $1,013Common stock
  • $14,038Surplus
  • $12,962Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $630Long-term assets (5+ years)
  • $225,575Average Assets, year-to-date
  • $39,806Average Assets, quarterly
  • $227,963Volatile liabilities
  • $232,739Insider loans
  • $137,277FHLB advances
  • $234,707Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $26,732Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $15,624Restructured Loans and leases
  • $4,782Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,931Total interest income
  • $574Total interest expense
  • $9,357Net interest income
  • $410Provision for loan and lease losses
  • $1,111Total noninterest income
  • $0Fiduciary activities
  • $355Service charges on deposit accounts
  • $0Trading account gains & fees
  • $756Additional noninterest income
  • $7,082Total noninterest expense
  • $3,776Salaries and employee benefits
  • $1,093Premises and equipment expense
  • $2,213Additional noninterest expense
  • $2,976Pre-tax net operating income
  • $32Securities gains (losses)
  • $827Applicable income taxes
  • $2,181Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,181Net income attributable to bank
  • $0Net charge-offs
  • $2,181Cash dividends
  • $89Sale, conversion, retirement of capital stock, net
  • $1,500Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.57%Yield on earning assets
  • 0.26%Cost of funding earning assets
  • 4.30%Net interest margin
  • 0.51%Noninterest income to earning assets
  • 3.26%Noninterest expense to earning assets
  • 0.95%Net operating income to assets
  • 0.96%Return on assets (ROA)
  • 1.32%Pretax return on assets
  • 7.97%Return on equity (ROE)
  • 2.49%Retained earnings to average equity (YTD only)
  • 0.07%Net charge-offs to loans
  • 460.67%Credit loss provision to net charge-offs
  • 38.04%Efficiency ratio
  • 67,654Assets per employee
  • 3.54%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 68.78%Loss allowance to loans
  • 1.73%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.33%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 59.86%Net loans and leases to core deposits
  • 66.99%Equity capital to assets
  • 11.82%Core capital (leverage) ratio
  • 11.39%Tier 1 risk-based capital ratio
  • 19.47%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $227,963Average earning assets
  • $27,355Average equity
  • $217,478Average loans

List of branches

  • 9 Washington Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    014683Valley Bank1307 East Main Street, Puyallup, WA 98371October 01, 1973Full Service Brick and Mortar
    1252505Downtown Branch112 East Main Street, Puyallup, WA 98371May 15, 1978Limited Service Facility
    2252506Summit Branch10407 Canyon Road East, Puyallup, WA 98371May 24, 1982Full Service Brick and Mortar
    3252507Meridian Branch209 Meridian, Puyallup, WA 98371September 09, 1986Full Service Brick and Mortar
    4252508Sunrise Village Branch10515 156th St E Ste 106, Puyallup, WA 98374August 13, 1990Full Service Brick and Mortar
    5252509Canyon Road Branch12803 Canyon Road, Puyallup, WA 98373October 02, 1995Full Service Brick and Mortar
    6252510Graham Branch9921 224th Street East, Graham, WA 98338November 09, 1998Full Service Brick and Mortar
    761976Auburn Branch1001 D Street Ne, Auburn, WA 98001January 11, 1999Full Service Brick and Mortar
    8419455Kent Branch124 Fourth Avenue South, Suite 100, Kent, WA 98032September 05, 2002Full Service Brick and Mortar

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