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
  • 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

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