Valley Oaks National Bank in Solvang, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 01, 2001

  • Valley Oaks National Bank in Solvang, California (CA)
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Valley Oaks National Bank - Overview

  • General
  • FDIC Certificate #: 33557
    Status: Inactive
    Closing history: Participated in Reorganization
    Acquiring institution: Montecito Bank & Trust (#21956)
    Federal Reserve ID: 1934876
    Date Established: Febuary 28, 1992
    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 #: 47439
    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: Febuary 28, 1992
    Last Structure Change Effective Date: October 01, 2001
    Last Structure Change Process Date: October 22, 2001
    Last Data Update: October 22, 2001
    Data Source Date: April 05, 2012
  • Location
  • Address: 591 Alamo Pintado Road, Solvang, CA 93463
    County: Santa Barbara
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Los Angeles (West)
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Santa Barbara-Santa Maria-Lompoc, CA (#7480)
    Core Based Statistical Area (CBSA): Santa Barbara-Santa Maria-Goleta, CA (#42060)
    CBSA Metro Statistical Area: Santa Barbara-Santa Maria-Goleta, CA (#42060)
  • History of Changes
  • Merger - Without Assistance
    Participated in Reorganization
  • Financial Summary
  • Total assets: $66.6 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, 2000)

  • Dollar figures in thousands
  • 28Total employees (full-time equivalent)
  • $63,598Total assets
  • $10,461Cash and due from depository institutions
  • $5,698Interest-bearing balances
  • $3,710Securities
  • $360Federal funds sold & reverse repurchase agreements
  • $47,457Net loans & leases
  • $567Loan loss allowance
  • $0Trading account assets
  • $280Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,330All other assets
  • $63,598Total liabilities and capital
  • $59,005Total liabilities
  • $58,379Total deposits
  • $51,173Interest-bearing deposits
  • $58,379Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $626All other liabilities
  • $4,593Total equity capital
  • $4,593Total bank equity capital
  • $4,593Perpetual preferred stock
  • $0Common stock
  • $1,724Surplus
  • $1,724Undivided profits
  • Memoranda
  • $1,145Noncurrent loans and leases
  • $13,569Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $16Earning assets
  • $0Long-term assets (5+ years)
  • $343Average Assets, year-to-date
  • $57,225Average Assets, quarterly
  • $6,163Volatile liabilities
  • $58,557Insider loans
  • $61,658FHLB advances
  • $19,452Loans and leases held for sale
  • $485Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $13,569Total unused commitments
  • $0Restructured Loans and leases
  • $567Derivatives

Income and Expense (December 31, 2000)

  • Dollar figures in thousands
  • $5,216Total interest income
  • $2,134Total interest expense
  • $3,082Net interest income
  • $100Provision for loan and lease losses
  • $780Total noninterest income
  • $0Fiduciary activities
  • $26Service charges on deposit accounts
  • $0Trading account gains & fees
  • $754Additional noninterest income
  • $2,520Total noninterest expense
  • $1,368Salaries and employee benefits
  • $356Premises and equipment expense
  • $796Additional noninterest expense
  • $1,242Pre-tax net operating income
  • $0Securities gains (losses)
  • $500Applicable income taxes
  • $742Income before extraordinary items
  • $0Extraordinary gains - net
  • $742Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$3Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2000)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 9.58%Yield on earning assets
  • 3.92%Cost of funding earning assets
  • 5.66%Net interest margin
  • 1.43%Noninterest income to earning assets
  • 4.63%Noninterest expense to earning assets
  • 1.27%Net operating income to assets
  • 1.27%Return on assets (ROA)
  • 2.12%Pretax return on assets
  • 17.81%Return on equity (ROE)
  • 17.81%Retained earnings to average equity (YTD only)
  • -0.01%Net charge-offs to loans
  • -3333.33%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 65,251Assets per employee
  • 2.27%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.18%Loss allowance to noncurrent loans
  • 3543.75%Noncurrent assets plus other real estate owned to assets
  • 0.03%Noncurrent loans to loans
  • 0.03%Net loans and leases to deposits
  • 81.29%Net loans and leases to core deposits
  • 121.91%Equity capital to assets
  • 7.22%Core capital (leverage) ratio
  • 7.45%Tier 1 risk-based capital ratio
  • 9.16%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $58,557Average earning assets
  • $4,166Average equity
  • $54,451Average loans

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