Valley National Bancorp VLYPP Balance Sheet

Valley national bancorp (VLYPP)

Balance Sheet / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Dec'09
Assets
Cash and due from banks
286	256	312	276	282	251	262	307	222	243	215	227	225	220	238	220	243	243	220	266	394	462	352	266	296	234	263	401	381	390	412	443	466	372	354	360	319	302	256	303	305
Interest bearing deposits with banks
718	178	185	178	184	177	93	164	274	172	128	129	111	171	160	92	233	170	71	206	370	367	60	40	83	134	86	299	588	463	192	8	34	6	40	165	6	63	4	42	355
Investment securities:
Equity securities
49	41	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt Securities, Available-for-sale
1,749	1,566	1,628	1,679	1,723	1,749	1,749	1,833	1,843	1,493	1,447	1,464	1,454	1,297	1,276	1,186	1,452	1,506	797	807	843	886	758	783	796	829	910	958	955	807	673	688	830	566	770	863	1,093	1,035	1,089	1,126	1,352
Held to maturity debt securities (net of allowance for credit losses of $1,552 at March 31, 2020)
2,315	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt Securities, Held-to-maturity
2,317	2,336	2,093	2,168	2,074	2,068	2,072	2,030	2,048	1,842	1,823	1,822	1,902	1,925	1,845	1,765	1,618	1,596	1,637	1,720	1,825	1,778	1,813	1,826	1,813	1,731	1,703	1,766	1,565	1,599	1,624	1,805	1,878	1,958	2,084	2,002	1,881	1,923	1,776	1,815	1,584
Trading securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	14	14	14	14	14	14	14	22	22	22	22	22	21	21	22	32	31	32	32	32
Total investment securities
4,115	3,944	3,721	3,847	3,797	3,817	3,821	3,863	3,892	3,336	3,271	3,286	3,356	3,222	3,121	2,951	3,070	3,103	2,434	2,528	2,669	2,679	2,585	2,623	2,623	2,575	2,628	2,739	2,543	2,429	2,320	2,516	2,731	2,547	2,876	2,887	3,007	2,991	2,898	2,975	2,969
Loans held for sale, at fair value
58	76	41	36	31	35	31	32	8	15	13	139	115	57	202	4	15	16	18	4	3	24	10	16	32	10	9	48	135	120	149	29	15	25	34	28	14	58	108	7	25
Loans
30,428	29,699	26,567	25,802	25,423	25,035	24,111	23,234	22,552	18,331	18,201	17,710	17,449	17,236	16,634	16,499	16,135	16,043	14,887	14,335	13,550	13,473	12,119	11,750	11,613	11,471	11,275	10,741	10,650	10,842	10,941	11,197	10,897	9,527	9,317	9,282	9,209	9,009	9,054	9,045	9,370
Covered loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	129	145	183	-	46	62	80	96	121	141	161	180	207	226	252	271	282	308	336	356	377	385	-
Financing Receivable, Allowance for Credit Loss
283	161	161	155	154	151	144	138	132	120	118	116	115	114	110	108	105	106	104	102	102	102	102	103	106	113	112	117	121	130	129	129	132	133	135	138	139	124	113	110	101
Loans and Leases Receivable, Net Amount
30,144	29,537	26,405	25,647	25,268	24,883	23,966	23,095	22,419	18,210	18,082	17,594	17,334	17,121	16,523	16,391	16,030	15,936	14,912	14,377	13,631	13,371	12,062	11,710	11,587	11,453	11,284	10,765	10,689	10,892	11,019	11,293	11,016	9,665	9,464	9,452	9,406	9,241	9,317	9,320	9,268
Premises and equipment, net
332	334	309	312	312	341	341	348	346	287	289	290	289	291	294	301	300	298	291	282	281	282	273	273	270	270	269	272	276	278	276	273	273	265	265	264	264	265	265	263	266
Lease right of use assets
278	285	286	283	289	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Bank owned life insurance
542	540	440	442	440	439	438	437	436	386	386	393	392	391	390	391	389	387	380	379	377	375	348	347	345	344	342	342	341	339	338	336	334	303	305	307	306	304	307	306	304
Accrued interest receivable
107	105	97	99	100	95	92	88	86	73	72	69	68	66	63	65	62	63	57	58	56	57	53	53	54	53	52	53	54	52	55	55	57	52	62	59	63	59	61	58	56
Due from customers on acceptances outstanding
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	1	2	4	5	5	5	5	5	3	2	3	4	5	5	5	6	7	6	6	6	5	6
FDIC loss-share receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7	8	7	-	16	20	31	32	35	40	43	44	51	59	69	74	78	80	90	89	109	105	-
Goodwill
1,375	1,373	1,100	1,100	1,100	1,084	1,085	1,078	1,078	690	690	690	690	690	689	689	689	686	577	577	577	575	428	428	428	428	428	428	428	428	420	420	420	317	317	317	317	317	315	310	296
Intangible Assets, Net (Excluding Goodwill)
82	86	68	70	73	76	80	83	86	42	42	43	44	45	44	44	46	48	31	33	35	38	30	32	34	36	37	39	34	31	28	26	28	20	21	24	25	25	21	23	24
Other assets
1,078	717	811	748	610	659	667	681	612	542	588	583	592	583	639	656	645	656	567	566	572	551	497	518	551	576	531	542	509	538	500	548	495	594	402	513	535	417	413	390	405
Total Assets
39,120	37,436	33,765	33,027	32,476	31,863	30,881	30,182	29,464	24,002	23,780	23,449	23,220	22,864	22,368	21,809	21,727	21,612	19,571	19,290	18,980	18,792	16,726	16,335	16,344	16,156	15,976	15,977	16,028	16,012	15,771	16,018	15,950	14,252	14,231	14,469	14,363	14,143	14,087	14,112	14,284
Liabilities
Deposits:
Non-interest bearing
6,951	6,710	6,379	6,327	6,352	6,175	6,135	6,217	6,124	5,224	5,099	5,197	5,213	5,252	5,092	5,048	5,053	4,914	4,365	4,389	4,329	4,235	3,596	3,581	3,705	3,717	3,581	3,545	3,575	3,558	3,206	3,231	3,232	2,781	2,613	2,561	2,538	2,524	2,461	2,469	2,420
Interest bearing:
Interest bearing:
Savings, NOW and money market
13,498	12,757	11,294	11,107	11,447	11,213	11,036	10,769	11,077	9,365	8,792	8,683	8,902	9,339	8,759	8,243	8,273	8,181	6,979	7,025	7,115	7,056	6,081	5,643	5,450	5,422	5,331	5,331	5,258	5,197	4,992	4,991	5,013	4,390	4,312	4,316	4,391	4,106	4,131	4,064	4,044
Time Deposits
8,567	9,717	7,872	7,338	7,108	7,063	5,416	4,653	4,757	3,563	3,420	3,368	3,215	3,138	3,119	3,064	3,081	3,157	3,154	2,915	2,772	2,742	2,183	2,191	2,112	2,179	2,207	2,365	2,467	2,508	2,721	2,648	2,710	2,501	2,694	2,828	2,792	2,732	2,675	2,886	3,082
Total deposits
29,016	29,185	25,546	24,773	24,907	24,452	22,588	21,640	21,959	18,153	17,312	17,250	17,331	17,730	16,972	16,356	16,408	16,253	14,499	14,331	14,216	14,034	11,861	11,416	11,267	11,319	11,120	11,242	11,302	11,264	10,920	10,871	10,957	9,673	9,620	9,706	9,722	9,363	9,268	9,420	9,547
Short-term Debt
2,095	1,093	1,825	2,387	2,062	2,118	2,968	2,877	1,618	748	1,482	1,734	1,644	1,080	1,433	1,411	1,170	1,076	302	126	133	146	297	354	537	281	158	125	147	154	288	523	410	212	222	171	178	192	331	184	216
Long-term borrowings
2,805	2,122	2,250	1,800	1,499	1,654	1,728	2,103	2,353	2,315	2,215	1,819	1,634	1,433	1,450	1,545	1,660	1,810	2,529	2,625	2,529	2,525	2,797	2,797	2,795	2,792	2,820	2,695	2,696	2,697	2,698	2,724	2,724	2,726	2,727	2,727	2,817	2,933	2,884	2,894	2,946
Junior subordinated debentures issued to capital trusts
55	55	55	55	55	55	55	55	55	41	41	41	41	41	41	41	41	41	41	41	41	41	41	41	41	41	173	191	190	188	190	190	192	185	184	184	184	186	185	182	181
Lease liabilities
303	309	311	307	313	3	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Bank acceptances outstanding
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	1	2	4	5	5	5	5	5	3	2	3	4	5	5	5	6	7	6	6	6	5	6
Accrued expenses and other liabilities
422	284	218	198	193	227	238	227	232	209	190	179	170	200	213	222	227	222	199	179	189	178	138	147	137	176	178	197	181	202	154	199	166	194	162	361	146	165	133	156	133
Total Liabilities
34,699	33,051	30,207	29,523	29,032	28,512	27,579	26,905	26,219	21,469	21,242	21,025	20,821	20,487	20,111	19,577	19,507	19,405	17,574	17,304	17,112	16,929	15,142	14,762	14,784	14,615	14,456	14,455	14,520	14,510	14,257	14,515	14,456	12,997	12,924	13,158	13,056	12,848	12,809	12,843	13,031
Shareholders’ Equity
Common stock (no par value, authorized 650,000,000 shares; issued 403,765,978 shares at March 31, 2020 and 403,322,773 shares at December 31, 2019)
141	141	116	116	116	116	116	116	115	92	92	92	92	92	89	88	88	88	81	81	81	81	70	70	70	69	69	69	69	69	69	69	65	59	59	59	57	57	57	57	54
Surplus
3,624	3,622	2,807	2,804	2,799	2,796	2,793	2,789	2,784	2,060	2,054	2,049	2,047	2,044	1,937	1,934	1,930	1,927	1,702	1,699	1,696	1,693	1,411	1,408	1,405	1,403	1,400	1,396	1,394	1,390	1,387	1,384	1,384	1,179	1,177	1,176	1,179	1,178	1,178	1,177	1,178
Retained earnings
452	443	454	412	375	299	262	232	199	216	214	207	188	172	153	140	131	125	150	141	135	130	131	125	118	106	88	94	92	93	100	92	92	78	96	91	85	79	74	72	73
Accumulated other comprehensive loss
-6	-32	-26	-35	-53	-69	-76	-69	-64	-46	-34	-36	-39	-42	-34	-42	-42	-45	-49	-48	-44	-42	-28	-30	-33	-38	-38	-39	-47	-50	-44	-43	-49	-62	-23	-10	-3	-5	-9	-12	-19
Treasury stock, at cost (21,830 common shares at March 31, 2020 and 44,383 common shares at December 31, 2019)
0	0	3	3	3	2	1	1	0	0	0	0	1	1	0	0	0	0	0	0	1	0	0	0	0	0	0	-	0	0	0	0	0	0	2	6	10	14	22	26	34
Stockholders' Equity Attributable to Parent
4,420	4,384	3,558	3,504	3,444	3,350	3,302	3,277	3,245	2,533	2,537	2,423	2,398	2,377	2,257	2,232	2,219	2,207	1,996	1,985	1,867	1,863	1,584	1,573	1,559	1,541	1,520	1,521	1,507	1,502	1,513	1,503	1,493	1,254	1,307	1,311	1,307	1,295	1,278	1,268	1,252
Total Liabilities and Shareholders’ Equity
39,120	37,436	33,765	33,027	32,476	31,863	30,881	30,182	29,464	24,002	23,780	23,449	23,220	22,864	22,368	21,809	21,727	21,612	19,571	19,290	18,980	18,792	16,726	16,335	16,344	16,156	15,976	15,977	16,028	16,012	15,771	16,018	15,950	14,252	14,231	14,469	14,363	14,143	14,087	14,112	14,284
Series A Preferred Stock [Member]
Preferred stock, no par value; authorized 50,000,000 shares
111	111	111	111	111	111	111	111	111	111	111	111	111	-	111	111	111	111	111	111	0	0	0	0	0	0	0	0	0	0	0	0	-	0	0	0	0	0	0	0	0
Series B Preferred Stock [Member]
Preferred stock, no par value; authorized 50,000,000 shares
98	98	98	98	98	98	98	98	98	98	98	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-