West Valley National Bank in Avondale, Arizona (AZ)
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| West Valley National Bank | |
|---|---|
| General | FDIC Certificate #: 58426 Status: Active Federal Reserve ID: 3480069 Bank Holding Company (Regulatory Top Holder): West Valley Bancorp, Inc. (RSSDID: 3480050, Location: Avondale, AZ) Date Established: December 22, 2006 WWW: http://www.wvnb.net Trust Powers Granted: No Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 3 (Domestic: 3, Interstate: No) FDIC's unique #: 451436 Numeric code: 3 Regulator: OCC 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: No Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: December 22, 2006 Last Structure Change Effective Date: January 03, 2007 Last Structure Change Process Date: January 03, 2007 Last Data Update: January 03, 2007 Data Source Date: April 05, 2012 |
| Location | Address: 12725 West Indian School Road, Suite C-108, Avondale, AZ 85323 County: Maricopa Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: Phoenix Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): Phoenix-Mesa, AZ (#6200) Core Based Statistical Area (CBSA): Phoenix-Mesa-Glendale, AZ (#38060) CBSA Metro Statistical Area: Phoenix-Mesa-Glendale, AZ (#38060) |
| History of Changes | Change in Geographic Region/Area/Territory/Field Office |
| Financial Summary | Total assets: $40.6 mil Equity capital: $10.4 mil Deposits held in domestic offices: $28.0 mil Return on assets (ROA): -4.65% (-$1.9 mil) Quarterly return on assets: -6.15% (-$2.5 mil) Return on Equity (ROE): -16.04% (-$1.6 mil) Quarterly return on equity: -23.71% (-$2.4 mil) Net income: -$1.8 mil Quarterly Net income: -$0.6 mil Pretax return on assets: -4.65% (-$1,889.8 mil) Quarterly Pretax return on assets: -6.15% (-$2,499.4 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 13 |
| Total assets | $40,640 |
| Cash and due from depository institutions | $4,163 |
| Interest-bearing balances | $2,046 |
| Securities | $1,798 |
| Federal funds sold & reverse repurchase agreements | $2,695 |
| Net loans & leases | $28,404 |
| Loan loss allowance | $713 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $235 |
| Other real estate owned | $2,643 |
| Goodwill and other intangibles | $0 |
| All other assets | $702 |
| Life insurance assets | $40,640 |
| Total liabilities and capital | $30,215 |
| Total liabilities | $27,952 |
| Total deposits | $18,808 |
| Interest-bearing deposits | $27,952 |
| Deposits held in domestic offices | $91 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $2,000 |
| Other borrowed funds | $0 |
| Subordinated debt | $263 |
| All other liabilities | $10,425 |
| Total equity capital | $10,425 |
| Total bank equity capital | $10,425 |
| Perpetual preferred stock | $0 |
| Common stock | $1,959 |
| Surplus | $22,275 |
| Undivided profits | $-13,809 |
| 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 | $100 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $111 |
| Average Assets, year-to-date | $34,943 |
| Average Assets, quarterly | $8,309 |
| Volatile liabilities | $39,052 |
| Insider loans | $41,413 |
| FHLB advances | $32,469 |
| Loans and leases held for sale | $42,265 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $10,353 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $1,586 |
| Derivatives | $520 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $1,887 |
| Total interest expense | $196 |
| Net interest income | $1,691 |
| Provision for loan and lease losses | $258 |
| Total noninterest income | -$353 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $118 |
| Trading account gains & fees | $0 |
| Additional noninterest income | -$471 |
| Total noninterest expense | $2,890 |
| Salaries and employee benefits | $1,266 |
| Premises and equipment expense | $477 |
| Additional noninterest expense | $1,147 |
| Pre-tax net operating income | -$1,810 |
| Securities gains (losses) | -$6 |
| Applicable income taxes | $0 |
| Income before extraordinary items | -$1,816 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$1,816 |
| Net charge-offs | $0 |
| Cash dividends | -$1,816 |
| Sale, conversion, retirement of capital stock, net | $212 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.71% |
| Cost of funding earning assets | 0.59% |
| Net interest margin | 5.11% |
| Noninterest income to earning assets | -1.07% |
| Noninterest expense to earning assets | 8.74% |
| Net operating income to assets | -4.63% |
| Return on assets (ROA) | -4.65% |
| Pretax return on assets | -4.65% |
| Return on equity (ROE) | -16.04% |
| Retained earnings to average equity (YTD only) | -16.04% |
| Net charge-offs to loans | 0.76% |
| Credit loss provision to net charge-offs | 121.70% |
| Efficiency ratio | -7.32% |
| Assets per employee | $215,994 |
| Cash dividends to net income (YTD only) | 3.13% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 2.45% |
| Noncurrent assets plus other real estate owned to assets | 713.00% |
| Noncurrent loans to loans | 6.75% |
| Net loans and leases to deposits | 0.34% |
| Net loans and leases to core deposits | 101.62% |
| Equity capital to assets | 107.12% |
| Core capital (leverage) ratio | 25.65% |
| Tier 1 risk-based capital ratio | 24.50% |
| Total risk-based capital ratio | 31.89% |
| Memoranda | |
| Average assets | $33 |
| Average earning assets | $39,052 |
| Average equity | $11,324 |
| Average loans | $33,063 |
| 3 Arizona Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 451436 | West Valley National Bank | 12725 West Indian School Road, Suite C-108, Avondale, AZ 85323 | December 22, 2006 | Full Service Brick and Mortar |  |
| 1 | 476067 | Buckeye Branch | 111 E. Monroe Avenue, Suite 100, Buckeye, AZ 85326 | April 14, 2008 | Full Service Brick and Mortar |  |
| 2 | 522063 | Scottsdale Branch | 5635 N. Scottsdale Rd. Suite 150, Scottsdale, AZ 85250 | June 01, 2011 | Full Service Brick and Mortar | |
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BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.