Valley State Bank in Lamar, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 01, 2006

  • Valley State Bank in Lamar, Colorado (CO)
  • Show street view No street view available for this location

Valley State Bank - Overview

  • General
  • FDIC Certificate #: 10412
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: The Girard National Bank (#4673)
    Federal Reserve ID: 193452
    Date Established: May 01, 1920
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    OTS Docket #: 12476
    FDIC's unique #: 6658
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: September 01, 2006
    Last Structure Change Process Date: October 20, 2006
    Last Data Update: October 20, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 204 South Fourth Street, Lamar, CO 81052
    County: Prowers
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Denver
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
  • Financial Summary
  • Total assets: $99.1 mil

1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)

  • Dollar figures in thousands
  • 34Total employees (full-time equivalent)
  • $99,916Total assets
  • $3,508Cash and due from depository institutions
  • $229Interest-bearing balances
  • $19,887Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $72,119Net loans & leases
  • $1,781Loan loss allowance
  • $0Trading account assets
  • $156Bank premises and fixed assets
  • $89Other real estate owned
  • $28Goodwill and other intangibles
  • $0Life insurance assets
  • $4,129All other assets
  • $99,916Total liabilities and capital
  • $88,540Total liabilities
  • $81,403Total deposits
  • $70,579Interest-bearing deposits
  • $81,403Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,040Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $5,261Other borrowed funds
  • $0Subordinated debt
  • $836All other liabilities
  • $11,376Total equity capital
  • $11,376Total bank equity capital
  • $11,376Perpetual preferred stock
  • $0Common stock
  • $440Surplus
  • $3,240Undivided profits
  • Memoranda
  • $7,696Noncurrent loans and leases
  • $14,856Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,623Earning assets
  • $0Long-term assets (5+ years)
  • $1,855Average Assets, year-to-date
  • $92,235Average Assets, quarterly
  • $9,409Volatile liabilities
  • $101,840Insider loans
  • $101,711FHLB advances
  • $20,286Loans and leases held for sale
  • $1,500Unused loan commitments
  • $5,261Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $14,856Total unused commitments
  • $0Restructured Loans and leases
  • $931Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $6,325Total interest income
  • $1,994Total interest expense
  • $4,331Net interest income
  • $480Provision for loan and lease losses
  • $566Total noninterest income
  • $0Fiduciary activities
  • $388Service charges on deposit accounts
  • $0Trading account gains & fees
  • $178Additional noninterest income
  • $3,099Total noninterest expense
  • $2,138Salaries and employee benefits
  • $308Premises and equipment expense
  • $653Additional noninterest expense
  • $1,318Pre-tax net operating income
  • $1Securities gains (losses)
  • $0Applicable income taxes
  • $1,319Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,319Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $722Sale, conversion, retirement of capital stock, net
  • $1,100Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.66%Yield on earning assets
  • 2.10%Cost of funding earning assets
  • 4.56%Net interest margin
  • 0.60%Noninterest income to earning assets
  • 3.27%Noninterest expense to earning assets
  • 1.29%Net operating income to assets
  • 1.30%Return on assets (ROA)
  • 1.30%Pretax return on assets
  • 11.40%Return on equity (ROE)
  • 1.89%Retained earnings to average equity (YTD only)
  • 0.96%Net charge-offs to loans
  • 66.48%Credit loss provision to net charge-offs
  • 2.49%Efficiency ratio
  • 63,141Assets per employee
  • 2.94%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 83.40%Loss allowance to loans
  • 2.41%Loss allowance to noncurrent loans
  • 109.74%Noncurrent assets plus other real estate owned to assets
  • 1.71%Noncurrent loans to loans
  • 2.20%Net loans and leases to deposits
  • 88.60%Net loans and leases to core deposits
  • 107.39%Equity capital to assets
  • 11.39%Core capital (leverage) ratio
  • 11.15%Tier 1 risk-based capital ratio
  • 15.61%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $101,840Average earning assets
  • $11,570Average equity
  • $94,901Average loans

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