Valley Annual Report

We maintain the complete database with all recent information about Valley that you may need. With the help of the annual report, you can know the financial health of the bank, see how large it is, and track the dynamics and last trends of all financial indicators. All Valley data is relevant for April 2024.

3.92

Address

615 Main Avenue Passaic, NJ 07055

FDIC Certificate ID

9396

Bank Charter Class

National Bank

Financial report Valley

Quarterly

Annually

Change dates

June 30, 2022
March 31, 2022
December 31, 2021
September 30, 2021
June 30, 2021
March 31, 2021
December 31, 2020
September 30, 2020
June 30, 2020
March 31, 2020
December 31, 2019
September 30, 2019
June 30, 2019
March 31, 2019
December 31, 2018
September 30, 2018
June 30, 2018
March 31, 2018
December 31, 2017
September 30, 2017
June 30, 2017
March 31, 2017
December 31, 2016
September 30, 2016
June 30, 2016
March 31, 2016
December 31, 2015
September 30, 2015
June 30, 2015
March 31, 2015
December 31, 2014
September 30, 2014
June 30, 2014
March 31, 2014
December 31, 2013
September 30, 2013
June 30, 2013
March 31, 2013
December 31, 2012
September 30, 2012
June 30, 2012
March 31, 2012
December 31, 2011
September 30, 2011
June 30, 2011
March 31, 2011
December 31, 2010
September 30, 2010
June 30, 2010
March 31, 2010
December 31, 2009
September 30, 2009
June 30, 2009
March 31, 2009
December 31, 2008
September 30, 2008
June 30, 2008
March 31, 2008
December 31, 2007
September 30, 2007
June 30, 2007
March 31, 2007
December 31, 2006
September 30, 2006
June 30, 2006
March 31, 2006
December 31, 2005
September 30, 2005
June 30, 2005
March 31, 2005
December 31, 2004
September 30, 2004
June 30, 2004
March 31, 2004
December 31, 2003
September 30, 2003
June 30, 2003
March 31, 2003
December 31, 2002
September 30, 2002
June 30, 2002
March 31, 2002
December 31, 2001
September 30, 2001
June 30, 2001
March 31, 2001
December 31, 2000
September 30, 2000
June 30, 2000
March 31, 2000
December 31, 1999
September 30, 1999
June 30, 1999
March 31, 1999
December 31, 1998
September 30, 1998
June 30, 1998
March 31, 1998
December 31, 1997
September 30, 1997
June 30, 1997
March 31, 1997
December 31, 1996
September 30, 1996
June 30, 1996
March 31, 1996
December 31, 1995
September 30, 1995
June 30, 1995
March 31, 1995
December 31, 1994
September 30, 1994
June 30, 1994
March 31, 1994
December 31, 1993
September 30, 1993
June 30, 1993
March 31, 1993
December 31, 1992

June 30, 2022
March 31, 2022
December 31, 2021
September 30, 2021
June 30, 2021
March 31, 2021
December 31, 2020
September 30, 2020
June 30, 2020
March 31, 2020
December 31, 2019
September 30, 2019
June 30, 2019
March 31, 2019
December 31, 2018
September 30, 2018
June 30, 2018
March 31, 2018
December 31, 2017
September 30, 2017
June 30, 2017
March 31, 2017
December 31, 2016
September 30, 2016
June 30, 2016
March 31, 2016
December 31, 2015
September 30, 2015
June 30, 2015
March 31, 2015
December 31, 2014
September 30, 2014
June 30, 2014
March 31, 2014
December 31, 2013
September 30, 2013
June 30, 2013
March 31, 2013
December 31, 2012
September 30, 2012
June 30, 2012
March 31, 2012
December 31, 2011
September 30, 2011
June 30, 2011
March 31, 2011
December 31, 2010
September 30, 2010
June 30, 2010
March 31, 2010
December 31, 2009
September 30, 2009
June 30, 2009
March 31, 2009
December 31, 2008
September 30, 2008
June 30, 2008
March 31, 2008
December 31, 2007
September 30, 2007
June 30, 2007
March 31, 2007
December 31, 2006
September 30, 2006
June 30, 2006
March 31, 2006
December 31, 2005
September 30, 2005
June 30, 2005
March 31, 2005
December 31, 2004
September 30, 2004
June 30, 2004
March 31, 2004
December 31, 2003
September 30, 2003
June 30, 2003
March 31, 2003
December 31, 2002
September 30, 2002
June 30, 2002
March 31, 2002
December 31, 2001
September 30, 2001
June 30, 2001
March 31, 2001
December 31, 2000
September 30, 2000
June 30, 2000
March 31, 2000
December 31, 1999
September 30, 1999
June 30, 1999
March 31, 1999
December 31, 1998
September 30, 1998
June 30, 1998
March 31, 1998
December 31, 1997
September 30, 1997
June 30, 1997
March 31, 1997
December 31, 1996
September 30, 1996
June 30, 1996
March 31, 1996
December 31, 1995
September 30, 1995
June 30, 1995
March 31, 1995
December 31, 1994
September 30, 1994
June 30, 1994
March 31, 1994
December 31, 1993
September 30, 1993
June 30, 1993
March 31, 1993
December 31, 1992

June 30, 2022
March 31, 2022
December 31, 2021
September 30, 2021
June 30, 2021
March 31, 2021
December 31, 2020
September 30, 2020
June 30, 2020
March 31, 2020
December 31, 2019
September 30, 2019
June 30, 2019
March 31, 2019
December 31, 2018
September 30, 2018
June 30, 2018
March 31, 2018
December 31, 2017
September 30, 2017
June 30, 2017
March 31, 2017
December 31, 2016
September 30, 2016
June 30, 2016
March 31, 2016
December 31, 2015
September 30, 2015
June 30, 2015
March 31, 2015
December 31, 2014
September 30, 2014
June 30, 2014
March 31, 2014
December 31, 2013
September 30, 2013
June 30, 2013
March 31, 2013
December 31, 2012
September 30, 2012
June 30, 2012
March 31, 2012
December 31, 2011
September 30, 2011
June 30, 2011
March 31, 2011
December 31, 2010
September 30, 2010
June 30, 2010
March 31, 2010
December 31, 2009
September 30, 2009
June 30, 2009
March 31, 2009
December 31, 2008
September 30, 2008
June 30, 2008
March 31, 2008
December 31, 2007
September 30, 2007
June 30, 2007
March 31, 2007
December 31, 2006
September 30, 2006
June 30, 2006
March 31, 2006
December 31, 2005
September 30, 2005
June 30, 2005
March 31, 2005
December 31, 2004
September 30, 2004
June 30, 2004
March 31, 2004
December 31, 2003
September 30, 2003
June 30, 2003
March 31, 2003
December 31, 2002
September 30, 2002
June 30, 2002
March 31, 2002
December 31, 2001
September 30, 2001
June 30, 2001
March 31, 2001
December 31, 2000
September 30, 2000
June 30, 2000
March 31, 2000
December 31, 1999
September 30, 1999
June 30, 1999
March 31, 1999
December 31, 1998
September 30, 1998
June 30, 1998
March 31, 1998
December 31, 1997
September 30, 1997
June 30, 1997
March 31, 1997
December 31, 1996
September 30, 1996
June 30, 1996
March 31, 1996
December 31, 1995
September 30, 1995
June 30, 1995
March 31, 1995
December 31, 1994
September 30, 1994
June 30, 1994
March 31, 1994
December 31, 1993
September 30, 1993
June 30, 1993
March 31, 1993
December 31, 1992

June 30, 2022
March 31, 2022
December 31, 2021
September 30, 2021
June 30, 2021
March 31, 2021
December 31, 2020
September 30, 2020
June 30, 2020
March 31, 2020
December 31, 2019
September 30, 2019
June 30, 2019
March 31, 2019
December 31, 2018
September 30, 2018
June 30, 2018
March 31, 2018
December 31, 2017
September 30, 2017
June 30, 2017
March 31, 2017
December 31, 2016
September 30, 2016
June 30, 2016
March 31, 2016
December 31, 2015
September 30, 2015
June 30, 2015
March 31, 2015
December 31, 2014
September 30, 2014
June 30, 2014
March 31, 2014
December 31, 2013
September 30, 2013
June 30, 2013
March 31, 2013
December 31, 2012
September 30, 2012
June 30, 2012
March 31, 2012
December 31, 2011
September 30, 2011
June 30, 2011
March 31, 2011
December 31, 2010
September 30, 2010
June 30, 2010
March 31, 2010
December 31, 2009
September 30, 2009
June 30, 2009
March 31, 2009
December 31, 2008
September 30, 2008
June 30, 2008
March 31, 2008
December 31, 2007
September 30, 2007
June 30, 2007
March 31, 2007
December 31, 2006
September 30, 2006
June 30, 2006
March 31, 2006
December 31, 2005
September 30, 2005
June 30, 2005
March 31, 2005
December 31, 2004
September 30, 2004
June 30, 2004
March 31, 2004
December 31, 2003
September 30, 2003
June 30, 2003
March 31, 2003
December 31, 2002
September 30, 2002
June 30, 2002
March 31, 2002
December 31, 2001
September 30, 2001
June 30, 2001
March 31, 2001
December 31, 2000
September 30, 2000
June 30, 2000
March 31, 2000
December 31, 1999
September 30, 1999
June 30, 1999
March 31, 1999
December 31, 1998
September 30, 1998
June 30, 1998
March 31, 1998
December 31, 1997
September 30, 1997
June 30, 1997
March 31, 1997
December 31, 1996
September 30, 1996
June 30, 1996
March 31, 1996
December 31, 1995
September 30, 1995
June 30, 1995
March 31, 1995
December 31, 1994
September 30, 1994
June 30, 1994
March 31, 1994
December 31, 1993
September 30, 1993
June 30, 1993
March 31, 1993
December 31, 1992

June 30, 2022
March 31, 2022
December 31, 2021
September 30, 2021
June 30, 2021
March 31, 2021
December 31, 2020
September 30, 2020
June 30, 2020
March 31, 2020
December 31, 2019
September 30, 2019
June 30, 2019
March 31, 2019
December 31, 2018
September 30, 2018
June 30, 2018
March 31, 2018
December 31, 2017
September 30, 2017
June 30, 2017
March 31, 2017
December 31, 2016
September 30, 2016
June 30, 2016
March 31, 2016
December 31, 2015
September 30, 2015
June 30, 2015
March 31, 2015
December 31, 2014
September 30, 2014
June 30, 2014
March 31, 2014
December 31, 2013
September 30, 2013
June 30, 2013
March 31, 2013
December 31, 2012
September 30, 2012
June 30, 2012
March 31, 2012
December 31, 2011
September 30, 2011
June 30, 2011
March 31, 2011
December 31, 2010
September 30, 2010
June 30, 2010
March 31, 2010
December 31, 2009
September 30, 2009
June 30, 2009
March 31, 2009
December 31, 2008
September 30, 2008
June 30, 2008
March 31, 2008
December 31, 2007
September 30, 2007
June 30, 2007
March 31, 2007
December 31, 2006
September 30, 2006
June 30, 2006
March 31, 2006
December 31, 2005
September 30, 2005
June 30, 2005
March 31, 2005
December 31, 2004
September 30, 2004
June 30, 2004
March 31, 2004
December 31, 2003
September 30, 2003
June 30, 2003
March 31, 2003
December 31, 2002
September 30, 2002
June 30, 2002
March 31, 2002
December 31, 2001
September 30, 2001
June 30, 2001
March 31, 2001
December 31, 2000
September 30, 2000
June 30, 2000
March 31, 2000
December 31, 1999
September 30, 1999
June 30, 1999
March 31, 1999
December 31, 1998
September 30, 1998
June 30, 1998
March 31, 1998
December 31, 1997
September 30, 1997
June 30, 1997
March 31, 1997
December 31, 1996
September 30, 1996
June 30, 1996
March 31, 1996
December 31, 1995
September 30, 1995
June 30, 1995
March 31, 1995
December 31, 1994
September 30, 1994
June 30, 1994
March 31, 1994
December 31, 1993
September 30, 1993
June 30, 1993
March 31, 1993
December 31, 1992

2022
2021
2020
2019
2018
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2015
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2011
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2012
2011
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2012
2011
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2021
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2018
2017
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2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
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2001
2000
1999
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2021
2020
2019
2018
2017
2016
2015
2014
2013
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2010
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Hide dates

All values USD, Dollar figures in thousands

Updated June 30, 2022

Item

2022

2021

2020

2019

2018

Trends

Assets and Liabilities

Total assets

54,435,500

43,424,817

40,680,097

37,441,578

31,829,272

Cash & Balances due from depository institutions

1,387,519

2,049,174

1,329,205

434,687

428,629

Cash items in process of collection

294,637

139,940

196,606

202,643

205,284

Collection in domestic offices

192,110

64,422

123,729

127,797

136,611

Currency and coin in domestic offices

102,527

75,518

72,877

74,846

68,673

Balances due from depository institutions in U.S.

113,653

70,981

236,007

117,328

102,227

Balances due from foreign banks

91,381

236

444

276

397

Balances due from FRB

887,848

1,838,017

896,148

114,440

120,721

Total securities *

5,136,421

3,826,679

3,537,435

3,944,306

3,817,790

U.S. Government securities

4,146,844

3,165,392

2,792,226

3,100,788

2,929,373

U.S. Treasury securities

359,636

67,558

119,519

189,295

187,823

U.S. Government agency obligations

3,787,208

3,097,834

2,672,707

2,911,493

2,741,550

Securities issued by states & political subdivisions

662,245

417,852

550,209

670,756

782,748

Other domestic debt securities

245,139

191,512

150,299

112,102

87,419

Privately issued residential mortgage-backed securities

N/A

Asset backed securities

N/A

Structured financial products - Total

N/A

Other domestic debt securities - All other

245,139

191,512

150,299

112,102

87,419

Foreign debt securities

48,300

22,750

19,750

19,250

18,250

Equity securities not held for trading

35,401

30,338

26,379

41,410

N/A

Equity securities available-for-sale

N/A

Credit Loss Allowance for Held to Maturity Debt Securities

1,508

1,165

1,428

N/A

Assets held in trading accounts for TFR Reporters

N/A

General valuation allowances for securities for TFR Reporters

N/A

Federal funds sold and reverse repurchase

N/A

Net loans and leases

43,110,306

33,933,971

32,178,296

29,613,562

24,918,765

Loan and leases loss allowance**

468,819

359,202

340,243

161,759

151,859

Total loans and leases

43,579,125

34,293,173

32,518,539

29,775,321

25,070,624

Unearned income

N/A

Loans and leases, gross

43,579,125

34,293,173

32,518,539

29,775,321

25,070,624

All real estate loans

32,364,330

25,875,425

23,387,546

22,584,255

18,559,050

Real estate loans in domestic offices

32,364,330

25,875,425

23,387,546

22,584,255

18,559,050

Construction and development loans

3,374,373

1,854,580

1,745,825

1,647,018

1,488,132

Residential 1-4 family construction

367,411

289,951

250,510

291,982

308,955

Other construction, all land development and other land

3,006,962

1,564,629

1,495,315

1,355,036

1,179,177

Secured by nonfarm nonresidential properties

16,266,590

13,781,209

11,574,058

10,764,766

8,601,967

Nonfarm nonresidential secured by owner-occupied properties

3,894,965

3,558,994

3,285,312

3,199,042

2,822,693

Commercial real estate other non-farm non-residential

12,371,625

10,222,215

8,288,746

7,565,724

5,779,274

Multifamily residential real estate

7,261,752

5,147,037

5,145,288

5,226,222

3,801,050

1-4 family residential loans

5,454,872

5,085,359

4,916,723

4,940,496

4,663,644

Farmland loans

6,743

7,240

5,652

5,753

4,257

Loans held in foreign offices

N/A

Farm loans

1,647

N/A

Commercial and industrial loans

7,096,051

5,129,274

6,144,124

4,241,242

3,939,359

Loans to individuals

2,510,541

2,387,109

2,127,479

2,237,383

2,072,049

Credit card loans

14,749

12,843

8,809

8,172

10,401

Related Plans

999,819

974,883

892,350

888,474

830,718

Consumer Loans - Auto

1,483,687

1,386,948

1,214,149

1,323,937

1,211,079

Other loans to individuals

12,286

12,435

12,171

16,800

19,851

All other loans & leases*

1,606,556

901,365

859,390

712,441

500,166

Loans to foreign governments and official institutions

N/A

Obligations of states and political subdivisions in U.S.

7,276

7,547

29,780

26,562

30,334

Other loans

773,067

146,022

186,061

207,051

142,506

Lease financing receivables

826,213

747,796

643,549

478,828

327,326

Loans to depository institutions and acceptances of other banks

N/A

Trading account assets

365,361

221,542

385,759

157,753

48,487

Bank premises and fixed assets

675,891

584,590

571,850

619,662

341,630

Other real estate owned

422

2,259

5,118

9,414

9,491

Direct and indirect investments in real estate

N/A

OREO: Real estate acquired

422

2,259

5,118

9,414

9,491

Other real estate owned: 1-4 family residential

N/A

203

1,239

388

Other Real Estate Owned: Multi-family residential

N/A

Other real estate owned: Commercial real estate

422

2,259

4,129

1,989

2,610

Other real estate owned:Construction & development

N/A

786

6,186

6,493

Other real estate owned: Farmland

N/A

Foreclosed properties from GNMA loans before June 2018

N/A

Other real estate owned in foreign offices

N/A

Goodwill and other intangibles

2,082,061

1,521,240

1,448,604

1,456,109

1,157,368

Goodwill

1,863,831

1,451,326

1,378,155

1,369,338

1,080,378

Mortgage servicing assets

25,446

23,685

21,946

24,684

24,110

All other assets

1,677,519

1,285,362

1,223,830

1,206,085

1,107,112

Liabilities and Capital

Total liabilities and capital

54,435,500

43,424,817

40,680,097

37,441,578

31,829,272

Total Liabilities

47,511,016

37,665,704

35,683,129

32,871,827

28,321,263

Total deposits

43,916,345

35,710,172

32,065,766

29,305,050

24,562,815

Deposits held in domestic offices

43,916,345

35,710,172

32,065,766

29,305,050

24,562,815

Individuals, partnerships, and corporations

40,680,252

32,298,004

29,380,570

26,798,899

22,586,911

U.S. Government

N/A

States and political subdivisions in the U.S.

3,183,281

3,402,579

2,684,233

2,433,054

1,974,274

Commercial banks and other depository institutions in U.S.

10,478

9,589

963

73,097

1,629

Banks in foreign countries

3,545

N/A

Foreign governments and official institutions

38,789

N/A

Deposits held in foreign offices

N/A

Deposits held in domestic offices

43,916,345

35,710,172

32,065,766

29,305,050

24,562,815

Transaction accounts

2,886,979

3,148,112

2,249,787

1,915,519

1,618,698

Nontransaction accounts

41,029,366

32,562,060

29,815,979

27,389,531

22,944,116

Money market deposit accounts (MMDAs)

21,089,669

15,527,664

12,694,038

9,691,130

9,003,662

Other savings deposits (excluding MMDAs)

15,703,117

13,377,372

10,431,119

7,995,322

6,894,492

Total time deposits

4,236,580

3,657,024

6,690,822

9,703,078

7,045,962

Federal funds purchased and repurchase agreements

142,790

155,726

447,958

503,280

436,915

Trading liabilities

326,062

48,258

155,931

68,402

22,942

N/A - idobrmtg

2,169,156

1,289,800

2,593,680

2,729,861

3,041,666

Subordinated debt

N/A

100,000

All other liabilities

956,663

461,748

419,794

165,234

156,925

Total equity capital

6,924,484

5,759,113

4,996,968

4,569,751

3,508,009

Bank equity capital

6,922,427

5,757,995

4,995,810

4,569,751

3,508,009

Perpetual preferred stock

N/A

Common stock

152,667

160,167

152,667

152,167

Surplus

5,070,442

3,775,262

3,407,512

3,197,512

2,374,320

Undivided profits

1,699,318

1,822,566

1,435,631

1,219,572

981,522

Equity, minor interest in consolidated subs

2,057

1,118

1,158

N/A

Memoranda

Noncurrent loans and leases

330,042

242,987

198,823

175,487

156,647

Income earned, not collected on loans

134,680

96,869

106,230

105,637

95,296

Earning assets

49,153,375

39,643,294

36,787,091

33,736,291

28,913,643

Long-term assets (5+ years)

21,815,878

18,508,735

16,963,257

16,527,448

13,777,574

Average total assets

47,093,734

41,570,157.8

39,934,398.8

33,692,451

29,236,650.8

Average assets, quarterly

48,928,192.5

42,359,353

40,707,464.5

35,589,094.5

31,328,984.5

Total risk weighted assets adjusted

44,616,184

33,977,318

30,084,207

29,237,090

24,547,430

Adjusted average assets for leverage capital purposes

51,110,292

40,902,413

39,786,413

33,867,315

30,175,966

Life insurance assets

714,762

566,770

535,209

540,169

439,602

General account life insurance assets

279,228

150,013

124,935

121,795

54,292

Separate account life insurance assets

346,519

328,530

329,159

338,854

341,688

Hybrid life insurance assets

89,015

88,227

81,115

79,520

43,622

Volatile liabilities

2,795,933

1,538,272

3,328,098

3,216,099

3,546,922

Insider loans

213,758

179,516

188,056

158,296

164,931

FHLB advances

2,168,742

1,289,033

2,592,252

2,420,012

3,041,666

Loans and leases held for sale

18,348

139,516

301,427

76,113

35,155

Unused loan commitments

11,725,575

9,602,314

7,394,493

7,208,367

6,665,868

Tier one (core) capital

4,977,845

4,308,734

3,607,625

3,152,070

2,442,359

Tier 2 Risk-based capital

349,016

262,714

232,297

264,604

256,295

Total unused commitments

11,725,575

9,602,314

7,394,493

7,208,367

6,665,868

Derivatives

15,478,020

12,446,660

10,532,140

5,595,451

4,300,552