Valley Republic Bank in Bakersfield, California (CA)



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Valley Republic Bank routing number info

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Valley Republic Bank
GeneralFDIC Certificate #: 58828
Status: Active
Federal Reserve ID: 3885123
Date Established: Febuary 02, 2009
WWW: http://www.valleyrepublicbank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Domestic: 1, Interstate: No)
FDIC's unique #: 469636
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: Febuary 02, 2009
Last Structure Change Effective Date: January 22, 2010
Last Structure Change Process Date: January 22, 2010
Last Data Update: January 22, 2010
Data Source Date: April 05, 2012
LocationAddress: 5000 California Avenue, Suite 110, Bakersfield, CA 93309
County: Kern
Quarterly Banking Profile Region: San Francisco
FDIC Geographic Region: San Francisco
FDIC Supervisory Region: San Francisco
FDIC Field Office: Los Angeles (North)
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Metropolitan Statistical Area (MSA): Bakersfield, CA (#680)
Core Based Statistical Area (CBSA): Bakersfield-Delano, CA (#12540)
CBSA Metro Statistical Area: Bakersfield-Delano, CA (#12540)
Financial SummaryTotal assets: $256.1 mil
Equity capital: $35.1 mil
Deposits held in domestic offices: $220.3 mil
Return on assets (ROA): 0.32% ($0.8 mil)
Quarterly return on assets: 0.35% ($0.9 mil)
Return on Equity (ROE): 2.18% ($0.8 mil)
Quarterly return on equity: 2.52% ($0.9 mil)
Net income: $0.7 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 0.32% ($819.6 mil)
Quarterly Pretax return on assets: 0.35% ($896.4 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, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)27
Total assets$256,115
Cash and due from depository institutions$34,624
Interest-bearing balances$30,286
Securities$130,667
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$87,625
Loan loss allowance $1,685
Trading account assets$0
Bank premises and fixed assets$870
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$2,329
Life insurance assets$256,115
Total liabilities and capital$221,056
Total liabilities$220,260
Total deposits$155,837
Interest-bearing deposits$220,260
Deposits held in domestic offices$54
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $796
All other liabilities $35,059
Total equity capital$35,059
Total bank equity capital$35,059
Perpetual preferred stock$0
Common stock$36,433
Surplus$1,237
Undivided profits $-2,611
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $244
Earning assets $0
Long-term assets (5+ years) $732
Average Assets, year-to-date $248,578
Average Assets, quarterly $96,752
Volatile liabilities $233,664
Insider loans $259,273
FHLB advances $109,933
Loans and leases held for sale $267,636
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $34,510
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $26,686
Derivatives$2,959
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $6,753
Total interest expense $710
Net interest income $6,043
Provision for loan and lease losses $543
Total noninterest income $163
Fiduciary activities $0
Service charges on deposit accounts $141
Trading account gains & fees $0
Additional noninterest income $22
Total noninterest expense $4,963
Salaries and employee benefits $2,551
Premises and equipment expense $519
Additional noninterest expense $1,893
Pre-tax net operating income $700
Securities gains (losses) $46
Applicable income taxes $0
Income before extraordinary items $746
Extraordinary gains - net $0
Net income attributable to bank $746
Net charge-offs $0
Cash dividends $746
Sale, conversion, retirement of capital stock, net $0
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets2.97%
Cost of funding earning assets 0.31%
Net interest margin 2.66%
Noninterest income to earning assets 0.07%
Noninterest expense to earning assets 2.18%
Net operating income to assets 0.30%
Return on assets (ROA) 0.32%
Pretax return on assets 0.32%
Return on equity (ROE) 2.18%
Retained earnings to average equity (YTD only) 2.18%
Net charge-offs to loans 0.00%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio0.00%
Assets per employee$79,971
Cash dividends to net income (YTD only)9.49%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.89%
Noncurrent assets plus other real estate owned to assets 690.57%
Noncurrent loans to loans 0.10%
Net loans and leases to deposits0.27%
Net loans and leases to core deposits 39.78%
Equity capital to assets 40.03%
Core capital (leverage) ratio 13.69%
Tier 1 risk-based capital ratio 12.89%
Total risk-based capital ratio 31.39%
Memoranda
Average assets$33
Average earning assets$233,664
Average equity $34,158
Average loans $227,360
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1 California Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0469636Valley Republic Bank5000 California Avenue, Suite 110, Bakersfield, CA 93309Febuary 02, 2009Full Service Brick and Mortar
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