Valley Central Bank in Richfield, Utah (UT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 01, 1993

  • Valley Central Bank in Richfield, Utah (UT)
  • Show street view No street view available for this location

Valley Central Bank - Overview

  • General
  • FDIC Certificate #: 20744
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Bank One, Utah, National Association (#16703)
    Federal Reserve ID: 342670
    Date Established: July 10, 1972
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 14328
    Numeric code: 21
    Regulator: FDIC
    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: July 10, 1972
    Last Structure Change Effective Date: April 01, 1993
    Last Structure Change Process Date: April 13, 1993
    Last Data Update: April 05, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: Main And Center Streets, Richfield, UT 84701
    County: Sevier
    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
  • History of Changes
  • Merger - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $31.6 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $15Total assets
  • $32,268Cash and due from depository institutions
  • $3,998Interest-bearing balances
  • $0Securities
  • $5,108Federal funds sold & reverse repurchase agreements
  • $3,179Net loans & leases
  • $18,832Loan loss allowance
  • $501Trading account assets
  • $0Bank premises and fixed assets
  • $434Other real estate owned
  • $99Goodwill and other intangibles
  • $618Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $32,268Total liabilities
  • $29,190Total deposits
  • $28,925Interest-bearing deposits
  • $22,239Deposits held in domestic offices
  • 28925.00%% insured (estimated)
  • $85Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $265Total equity capital
  • $265Total bank equity capital
  • $3,078Perpetual preferred stock
  • $0Common stock
  • $270Surplus
  • $620Undivided profits
  • Memoranda
  • $2,188Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $134Income earned, not collected on loans
  • $195Earning assets
  • $27,119Long-term assets (5+ years)
  • $2,090Average Assets, year-to-date
  • $33,097Average Assets, quarterly
  • $31,971Volatile liabilities
  • $867Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $308Unused loan commitments
  • $2,624Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $3,078Total risk weighted assets
  • $21,239Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $2,553Total interest expense
  • $980Net interest income
  • $1,573Provision for loan and lease losses
  • $133Total noninterest income
  • $266Fiduciary activities
  • $0Service charges on deposit accounts
  • $191Trading account gains & fees
  • $0Additional noninterest income
  • $75Total noninterest expense
  • $1,483Salaries and employee benefits
  • $616Premises and equipment expense
  • $86Additional noninterest expense
  • $781Pre-tax net operating income
  • $223Securities gains (losses)
  • $0Applicable income taxes
  • $94Income before extraordinary items
  • $129Extraordinary gains - net
  • $0Net income attributable to bank
  • $129Net charge-offs
  • $122Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 9.14%Cost of funding earning assets
  • 3.51%Net interest margin
  • 5.63%Noninterest income to earning assets
  • 0.95%Noninterest expense to earning assets
  • 5.31%Net operating income to assets
  • 0.39%Return on assets (ROA)
  • 0.39%Pretax return on assets
  • 0.67%Return on equity (ROE)
  • 4.26%Retained earnings to average equity (YTD only)
  • 4.26%Net charge-offs to loans
  • 0.58%Credit loss provision to net charge-offs
  • 109.02%Efficiency ratio
  • 80,642Assets per employee
  • 2.15%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.59%Loss allowance to noncurrent loans
  • 373.88%Noncurrent assets plus other real estate owned to assets
  • 0.72%Noncurrent loans to loans
  • 0.69%Net loans and leases to deposits
  • 65.11%Net loans and leases to core deposits
  • 67.12%Equity capital to assets
  • 9.54%Core capital (leverage) ratio
  • 10.10%Tier 1 risk-based capital ratio
  • 14.49%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $33,097Average earning assets
  • $3,027Average equity
  • $27,920Average loans

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

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Valley Central Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents