Valley Bank of Arizona in Phoenix, Arizona (AZ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 10, 2003

  • Valley Bank of Arizona in Phoenix, Arizona (AZ)
  • Show street view No street view available for this location

Valley Bank of Arizona - Overview

  • General
  • FDIC Certificate #: 34145
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Meridian Bank, National Association (#22644)
    Federal Reserve ID: 2364564
    Date Established: March 11, 1996
    WWW: http://www.valleybankaz.com
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 2 (Interstate: No)
    FDIC's unique #: 56289
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: March 11, 1996
    Last Structure Change Effective Date: October 10, 2003
    Last Structure Change Process Date: November 03, 2003
    Last Data Update: November 03, 2003
    Data Source Date: April 05, 2012
  • Location
  • Address: 3550 North Central Avenue, Phoenix, AZ 85012
    County: Maricopa
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Phoenix
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Phoenix-Mesa, AZ (#6200)
    Core Based Statistical Area (CBSA): Phoenix-Mesa-Glendale, AZ (#38060)
    CBSA Metro Statistical Area: Phoenix-Mesa-Glendale, AZ (#38060)
  • Financial Summary
  • Total assets: $74.4 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, 2002)

  • Dollar figures in thousands
  • 18Total employees (full-time equivalent)
  • $74,383Total assets
  • $7,332Cash and due from depository institutions
  • $2,274Interest-bearing balances
  • $17,410Securities
  • $7,900Federal funds sold & reverse repurchase agreements
  • $39,915Net loans & leases
  • $460Loan loss allowance
  • $0Trading account assets
  • $984Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $842All other assets
  • $74,383Total liabilities and capital
  • $66,454Total liabilities
  • $62,096Total deposits
  • $49,493Interest-bearing deposits
  • $62,096Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $4,000Other borrowed funds
  • $0Subordinated debt
  • $358All other liabilities
  • $7,929Total equity capital
  • $7,929Total bank equity capital
  • $7,929Perpetual preferred stock
  • $0Common stock
  • $100Surplus
  • $7,100Undivided profits
  • Memoranda
  • $729Noncurrent loans and leases
  • $7,286Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $253Earning assets
  • $0Long-term assets (5+ years)
  • $358Average Assets, year-to-date
  • $67,499Average Assets, quarterly
  • $18,444Volatile liabilities
  • $72,612Insider loans
  • $72,621FHLB advances
  • $8,533Loans and leases held for sale
  • $0Unused loan commitments
  • $4,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $835Total risk weighted assets
  • $7,286Total unused commitments
  • $0Restructured Loans and leases
  • $460Derivatives

Income and Expense (December 31, 2002)

  • Dollar figures in thousands
  • $4,422Total interest income
  • $1,558Total interest expense
  • $2,864Net interest income
  • $55Provision for loan and lease losses
  • $370Total noninterest income
  • $0Fiduciary activities
  • $124Service charges on deposit accounts
  • $0Trading account gains & fees
  • $246Additional noninterest income
  • $2,291Total noninterest expense
  • $1,161Salaries and employee benefits
  • $438Premises and equipment expense
  • $692Additional noninterest expense
  • $888Pre-tax net operating income
  • $86Securities gains (losses)
  • $360Applicable income taxes
  • $614Income before extraordinary items
  • $0Extraordinary gains - net
  • $614Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $304Sale, conversion, retirement of capital stock, net
  • $500Net operating income

Performance and Condition Ratios (December 31, 2002)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.69%Yield on earning assets
  • 2.36%Cost of funding earning assets
  • 4.33%Net interest margin
  • 0.56%Noninterest income to earning assets
  • 3.47%Noninterest expense to earning assets
  • 0.77%Net operating income to assets
  • 0.85%Return on assets (ROA)
  • 1.34%Pretax return on assets
  • 7.73%Return on equity (ROE)
  • 1.44%Retained earnings to average equity (YTD only)
  • 0.70%Net charge-offs to loans
  • 18.09%Credit loss provision to net charge-offs
  • 3.10%Efficiency ratio
  • 70,841Assets per employee
  • 4.13%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 81.43%Loss allowance to loans
  • 1.14%Loss allowance to noncurrent loans
  • 181.82%Noncurrent assets plus other real estate owned to assets
  • 0.34%Noncurrent loans to loans
  • 0.63%Net loans and leases to deposits
  • 64.28%Net loans and leases to core deposits
  • 73.15%Equity capital to assets
  • 10.66%Core capital (leverage) ratio
  • 10.26%Tier 1 risk-based capital ratio
  • 16.25%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $72,612Average earning assets
  • $7,940Average equity
  • $66,082Average loans

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