North Valley Bancorp (NOVB, Financial) filed Quarterly Report for the period ended 2012-03-31.
North Valley Bc has a market cap of $86.1 million; its shares were traded at around $12.52 with a P/E ratio of 27.4 and P/S ratio of 1.7.
Loans, the Company’s major component of earning assets, decreased $7,641,000 during the first three months of 2011 to $448,878,000 at March 31, 2012 from $456,519,000 at December 31, 2011. Real estate construction loans increased by $908,000 while commercial loans decreased by $5,237,000 and real estate commercial loans decreased by $903,000. The remaining loan categories remained relatively unchanged from their December 31, 2011 balances.
The Company maintains capital to support future growth and maintain financial strength while trying to effectively manage the capital on hand. From the depositor standpoint, a greater amount of capital on hand relative to total assets is generally viewed as positive. At the same time, from the standpoint of the shareholder, a greater amount of capital on hand may not be viewed as positive because it limits the Company’s ability to earn a high rate of return on stockholders’ equity (ROE). Stockholders’ equity increased $1,524,000 to $90,989,000 as of March 31, 2012, as compared to $89,465,000 at December 31, 2011. The increase was the result of net income of $480,000, a change in accumulated other comprehensive income of $1,004,000 and stock based compensation expense of $40,000, all during the first three months of 2012. Under current regulations, management believes that the Company meets all capital adequacy requirements. The Company suspended indefinitely the payment of quarterly cash dividends on its common stock beginning in 2009. This Board decision was made to strengthen and preserve the Company’s capital base in these challenging economic times. Future dividends will be determined by the Board of Directors after consideration of the Company’s earnings, financial condition, future capital funds, regulatory requirements and other factors as the Board of Directors may deem relevant.
The Company manages both assets and liabilities by monitoring asset and liability mixes, volumes, maturities, yields and rates in order to preserve liquidity and earnings stability. Total liquid assets (cash and due from banks, Federal funds sold and available for sale investment securities) totaled $389,868,000 and $371,173,000 (or 42.67% and 41.02% of total assets) at March 31, 2012 and December 31, 2011, respectively.
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North Valley Bc has a market cap of $86.1 million; its shares were traded at around $12.52 with a P/E ratio of 27.4 and P/S ratio of 1.7.
Highlight of Business Operations:
Net interest income is the difference between interest earned on loans and investments and interest paid on deposits and borrowings, and is the primary revenue source for the Company. Net interest margin is net interest income expressed as a percentage of average earning assets. These items have been adjusted to give effect to $74,000 and $84,000 in taxable-equivalent interest income on tax-free investments for the three month periods ended March 31, 2012 and 2011, respectively.Loans, the Company’s major component of earning assets, decreased $7,641,000 during the first three months of 2011 to $448,878,000 at March 31, 2012 from $456,519,000 at December 31, 2011. Real estate construction loans increased by $908,000 while commercial loans decreased by $5,237,000 and real estate commercial loans decreased by $903,000. The remaining loan categories remained relatively unchanged from their December 31, 2011 balances.
The Company maintains capital to support future growth and maintain financial strength while trying to effectively manage the capital on hand. From the depositor standpoint, a greater amount of capital on hand relative to total assets is generally viewed as positive. At the same time, from the standpoint of the shareholder, a greater amount of capital on hand may not be viewed as positive because it limits the Company’s ability to earn a high rate of return on stockholders’ equity (ROE). Stockholders’ equity increased $1,524,000 to $90,989,000 as of March 31, 2012, as compared to $89,465,000 at December 31, 2011. The increase was the result of net income of $480,000, a change in accumulated other comprehensive income of $1,004,000 and stock based compensation expense of $40,000, all during the first three months of 2012. Under current regulations, management believes that the Company meets all capital adequacy requirements. The Company suspended indefinitely the payment of quarterly cash dividends on its common stock beginning in 2009. This Board decision was made to strengthen and preserve the Company’s capital base in these challenging economic times. Future dividends will be determined by the Board of Directors after consideration of the Company’s earnings, financial condition, future capital funds, regulatory requirements and other factors as the Board of Directors may deem relevant.
The Company manages both assets and liabilities by monitoring asset and liability mixes, volumes, maturities, yields and rates in order to preserve liquidity and earnings stability. Total liquid assets (cash and due from banks, Federal funds sold and available for sale investment securities) totaled $389,868,000 and $371,173,000 (or 42.67% and 41.02% of total assets) at March 31, 2012 and December 31, 2011, respectively.
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