Valley Bank in Fort Lauderdale, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Valley Bank - Overview

  • General
  • FDIC Certificate #: 21793
    Status: Active
    Federal Reserve ID: 921833
    Bank Holding Company (Regulatory Top Holder): River Valley Bancorp, Inc. (RSSDID: 2114938, Location: Davenport, IA)
    Date Established: October 15, 1974
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 15095
    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 15, 1974
    Last Structure Change Effective Date: Febuary 07, 2011
    Last Structure Change Process Date: Febuary 15, 2011
    Last Data Update: Febuary 15, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 300 West Broward Boulevard, Fort Lauderdale, FL 33312
    County: Broward
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Chicago
    FDIC Field Office: South Florida
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Fort Lauderdale, FL (#2680)
    Consolidated Metropolitan Statistical Area (CMSA): Miami-Fort Lauderdale, FL (#56)
    Core Based Statistical Area (CBSA): Miami-Fort Lauderdale-Pompano Beach, FL (#33100)
    CBSA Metro Statistical Area: Miami-Fort Lauderdale-Pompano Beach, FL (#33100)
    Core Based Statistical Division: Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (#22744)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $121.1 mil
    Equity capital: $11.1 mil
    Deposits held in domestic offices: $96.0 mil
    Return on assets (ROA): -0.16% (-$0.2 mil)
    Quarterly return on assets: -0.64% (-$0.8 mil)
    Return on Equity (ROE): -1.79% (-$0.2 mil)
    Quarterly return on equity: -6.99% (-$0.8 mil)
    Net income: -$0.2 mil
    Quarterly Net income: -$0.2 mil
    Pretax return on assets: -0.81% (-$980.6 mil)
    Quarterly Pretax return on assets: -0.93% (-$1,125.9 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
  • 13Total employees (full-time equivalent)
  • $121,064Total assets
  • $3,172Cash and due from depository institutions
  • $1,254Interest-bearing balances
  • $24,805Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $82,403Net loans & leases
  • $1,205Loan loss allowance
  • $0Trading account assets
  • $2,087Bank premises and fixed assets
  • $1,331Other real estate owned
  • $144Goodwill and other intangibles
  • $121,064Life insurance assets
  • $7,122All other assets
  • $109,944Total liabilities and capital
  • $95,966Total liabilities
  • $88,888Total deposits
  • $95,966Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 124.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $13,000Trading liabilities
  • $0Other borrowed funds
  • $854Subordinated debt
  • $11,120All other liabilities
  • $11,120Total equity capital
  • $11,120Total bank equity capital
  • $0Perpetual preferred stock
  • $1,046Common stock
  • $15,808Surplus
  • $-5,734Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,717Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,943Income earned, not collected on loans
  • $0Earning assets
  • $559Long-term assets (5+ years)
  • $108,462Average Assets, year-to-date
  • $37,472Average Assets, quarterly
  • $124,439Volatile liabilities
  • $122,216Insider loans
  • $86,606FHLB advances
  • $121,884Loans and leases held for sale
  • $3,344Unused loan commitments
  • $3,344Tier 1 (core) risk-based capital
  • $9,936Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,490Restructured Loans and leases
  • $1,729Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,148Total interest income
  • $1,533Total interest expense
  • $3,615Net interest income
  • $892Provision for loan and lease losses
  • -$166Total noninterest income
  • $0Fiduciary activities
  • $49Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$215Additional noninterest income
  • $3,384Total noninterest expense
  • $1,010Salaries and employee benefits
  • $714Premises and equipment expense
  • $1,660Additional noninterest expense
  • -$827Pre-tax net operating income
  • -$185Securities gains (losses)
  • -$813Applicable income taxes
  • -$199Income before extraordinary items
  • $0Extraordinary gains - net
  • -$199Net income attributable to bank
  • $0Net charge-offs
  • -$199Cash dividends
  • $825Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.59%Yield on earning assets
  • 1.37%Cost of funding earning assets
  • 3.22%Net interest margin
  • -0.15%Noninterest income to earning assets
  • 3.02%Noninterest expense to earning assets
  • -0.06%Net operating income to assets
  • -0.16%Return on assets (ROA)
  • -0.81%Pretax return on assets
  • -1.79%Return on equity (ROE)
  • -1.79%Retained earnings to average equity (YTD only)
  • 0.99%Net charge-offs to loans
  • 108.12%Credit loss provision to net charge-offs
  • 0.08%Efficiency ratio
  • 96,434Assets per employee
  • 9.31%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.44%Loss allowance to noncurrent loans
  • 30.56%Noncurrent assets plus other real estate owned to assets
  • 4.36%Noncurrent loans to loans
  • 4.72%Net loans and leases to deposits
  • 85.87%Net loans and leases to core deposits
  • 91.00%Equity capital to assets
  • 9.19%Core capital (leverage) ratio
  • 8.15%Tier 1 risk-based capital ratio
  • 11.47%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $124,439Average earning assets
  • $11,120Average equity
  • $112,139Average loans

Bank Assets Sold and Securitized (December 31, 2007)

  • Dollar figures in thousands
  • Principal balance with servicing or other recourse retained
  • $4661-4 family residential loans
  • $0Home equity lines
  • $0Credit cards receivables
  • $0Auto loans
  • $0Other consumer loans
  • $28,198Commercial and industrial loans

List of branches

  • 5 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    015095Valley Bank300 West Broward Boulevard, Fort Lauderdale, FL 33312October 15, 1974Full Service Brick and Mortar
    1253521University-Mcnab Branch8199 West Mcnabb Road, Tamarac, FL 33321Febuary 14, 1978Full Service Brick and Mortar
    2451186Las Olas Centre Loan Production Offi350 East Las Olas Boulevard, Fort Lauderdale, FL 33311May 08, 2006Limited Service Loan Production
    3456498Davie Branch4657 South University Drive, Davie, FL 33328November 06, 2006Full Service Retail
    4462645Hollywood Branch3309 Sheridan Street, Hollywood, FL 33021April 05, 2007Full Service Retail

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