Vitals
  • Total Assets
    213.9M 5.1 %
  • Total Deposits
    171.5M 8.6 %
  • Total Net Loans
    147.5M 2.7 %
  • Net Income
    1.7M 18.5 %
  • Book Value
    21.5M 7.2 %
  • Book Value x2
    43.0M 7.2 %
  • Book Value x3
    64.5M 7.2 %
ROAA

1.084

ROAE

11.027

Efficiency Ratio

69.33

Net Interest Margin

4.236

Balance Sheet Highlights
Financial Highlights Valley Ridge Bank All Insured Commercial Banks in Michigan
Balance Sheet $(000)
Total Assets 213,857 237,882
Total Net Loans 147,459 191,593
Total Deposits 171,456 193,021
Total Equity 21,493 23,817
Profitability
Net Income 1,726 12,085
Return on Average Assets 1.084 1.261
Return on Average Equity 11.027 10.873
Net Interest Margin 4.236 4.247
Efficiency Ratio 69.33 65.716
Noninterest Income/Revenue 17.828 11.707
Balance Sheet Ratios
Loan-to-Deposit 86.004 90.941
Securities/Assets .165 .929
Total Equity/Total Assets .101 .1
Tangible Equity/Tangible Assets .099 -.52
Capital Adequacy
Tier 1 Common Capital — —
Tier 1 Capital 21,578 22,275
Tier 2 Capital 1,791 2,509
Total Capital 23,369 24,378
Total Risk Weighted Assets 154,316 184,280
Leverage Ratio 10.26 10.418
Common Equity Tier 1 Capital Ratio — —
Tier 1 Capital Ratio 13.98 14.253
Total Capital Ratio 15.14 15.409

Timeline for Valley Ridge Bank

Choiceone Bank

Valley Ridge Bank was acquired by Choiceone Bank 17 years

View Profile Dec 08 2006

Choiceone Financial Services, Inc.

Choiceone Financial Services, Inc. became a new parent organization for Valley Ridge Bank.

View Profile Nov 01 2006

1423 West Main Llc

1423 West Main Llc became a new subsidiary organization for Valley Ridge Bank.

View Profile Oct 01 2006

Valley Ridge Mortgage Company

Valley Ridge Mortgage Company became a new subsidiary organization for Valley Ridge Bank.

View Profile Jun 06 1998

Valley Ridge Financial Services, Inc.

Valley Ridge Financial Services, Inc. became a new subsidiary organization for Valley Ridge Bank.

View Profile Jun 06 1998

Want to see more?

Complete timeline for Valley Ridge Bank is available.

View Complete Timeline
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Choiceone Bank Buyer 595,098 Acquisition Discontinued 12/8/2006
The Grant State Bank Seller 26,438 Pooling of Interests Discontinued 12/7/1996
Relationships Role Relationship Start Relationship End
Choiceone Financial Services, Inc. Parent 11/1/2006 12/7/2006
Valley Ridge Financial Corporation Parent 3/17/1989 10/31/2006
Valley Ridge Mortgage Company Subsidary 6/6/1998 12/7/2006
Valley Ridge Financial Services, Inc. Subsidary 6/6/1998 12/7/2006
1423 West Main Llc Subsidary 10/1/2006 12/7/2006
Valley Ridge Realty, Inc. Subsidary 6/3/1998 11/1/2006
West Shore Computer Services, Inc. Subsidary 5/20/1998 8/31/2001
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