Valley Merchants Bank, National Association in Hemet, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 31, 2000

  • Valley Merchants Bank, National Association in Hemet, California (CA)
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Valley Merchants Bank, National Association - Overview

  • General
  • FDIC Certificate #: 33004
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Business Bank of California (#25070)
    Federal Reserve ID: 1459593
    Date Established: July 05, 1990
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Interstate: No)
    FDIC's unique #: 46185
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: July 05, 1990
    Last Structure Change Effective Date: August 31, 2000
    Last Structure Change Process Date: October 05, 2000
    Last Data Update: October 05, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 800 East Florida Avenue, Hemet, CA 92543
    County: Riverside
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Orange
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Riverside-San Bernardino, CA (#6780)
    Consolidated Metropolitan Statistical Area (CMSA): Los Angeles-Riverside-Orange County, CA (#49)
    Combined Statistical Area (CSA): Los Angeles-Long Beach-Riverside, CA (#348)
    Core Based Statistical Area (CBSA): Riverside-San Bernardino-Ontario, CA (#40140)
    CBSA Metro Statistical Area: Riverside-San Bernardino-Ontario, CA (#40140)
  • Financial Summary
  • Total assets: $58.6 mil

1992 - 1999 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, 1999)

  • Dollar figures in thousands
  • 32Total employees (full-time equivalent)
  • $57,407Total assets
  • $8,097Cash and due from depository institutions
  • $5,944Interest-bearing balances
  • $5,862Securities
  • $2,815Federal funds sold & reverse repurchase agreements
  • $38,110Net loans & leases
  • $264Loan loss allowance
  • $0Trading account assets
  • $1,478Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,045All other assets
  • $57,407Total liabilities and capital
  • $51,197Total liabilities
  • $50,390Total deposits
  • $38,809Interest-bearing deposits
  • $50,390Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $807All other liabilities
  • $6,210Total equity capital
  • $6,210Total bank equity capital
  • $6,210Perpetual preferred stock
  • $0Common stock
  • $2,437Surplus
  • $3,095Undivided profits
  • Memoranda
  • $678Noncurrent loans and leases
  • $4,998Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $48Earning assets
  • $48Long-term assets (5+ years)
  • $241Average Assets, year-to-date
  • $52,731Average Assets, quarterly
  • $13,547Volatile liabilities
  • $53,583Insider loans
  • $56,800FHLB advances
  • $3,695Loans and leases held for sale
  • $1,467Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $4,998Total unused commitments
  • $0Restructured Loans and leases
  • $264Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $3,999Total interest income
  • $741Total interest expense
  • $3,258Net interest income
  • $43Provision for loan and lease losses
  • $582Total noninterest income
  • $0Fiduciary activities
  • $247Service charges on deposit accounts
  • $0Trading account gains & fees
  • $335Additional noninterest income
  • $2,419Total noninterest expense
  • $1,422Salaries and employee benefits
  • $258Premises and equipment expense
  • $739Additional noninterest expense
  • $1,378Pre-tax net operating income
  • $0Securities gains (losses)
  • $561Applicable income taxes
  • $817Income before extraordinary items
  • $0Extraordinary gains - net
  • $817Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $19Sale, conversion, retirement of capital stock, net
  • $1Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.53%Yield on earning assets
  • 1.58%Cost of funding earning assets
  • 6.95%Net interest margin
  • 1.24%Noninterest income to earning assets
  • 5.16%Noninterest expense to earning assets
  • 1.52%Net operating income to assets
  • 1.52%Return on assets (ROA)
  • 2.57%Pretax return on assets
  • 14.13%Return on equity (ROE)
  • 14.11%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 226.32%Credit loss provision to net charge-offs
  • 74.79%Efficiency ratio
  • 62,995Assets per employee
  • 1.79%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.12%Loss allowance to loans
  • 0.69%Loss allowance to noncurrent loans
  • 550.00%Noncurrent assets plus other real estate owned to assets
  • 0.08%Noncurrent loans to loans
  • 0.13%Net loans and leases to deposits
  • 75.63%Net loans and leases to core deposits
  • 81.61%Equity capital to assets
  • 10.82%Core capital (leverage) ratio
  • 10.46%Tier 1 risk-based capital ratio
  • 13.73%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $53,583Average earning assets
  • $5,783Average equity
  • $46,891Average loans

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