Scott Valley Bank, Financial Information

AboutScott Valley Bank

 Address:
515 South Broadway
Yreka,CA
Siskiyou County,California
 Established:
May 1912
 Number of domestic offices:
12
Total assets$540M
Net income$3M
Net income,quarterly$1M
Total deposits$474M
Domestic deposits$474M
Equity capital$59M
ROA0.67%
ROAQ,quarterly0.64%
ROA,pretax0.64%
ROAQ,quarterly,pretax0.93%
ROE5.89%
ROEQ,quarterly5.79%
UpdatedApr 11, 2013

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

Scott Valley Bank, now a twelve-branch operation with assets totaling over $500 million, began as a small, independent venture during the gold rush of the 1850s.

Many were the changes in store for Scott Valley Bank during the 1970s and 1980s. In 1978, the head office of Scott Valley Bank moved to the Yreka branch location on Broadway Street in Yreka. Scott Valley Bank was given final approval for the acquisition of the Mt. Shasta office of the North Valley Bank in October 1985 and the new Scott Valley Bank branch office opened for business on Nov. 18, 1985. As the climate for growth continued, Scott Valley Bank extended beyond Siskiyou County in 1990 when it opened a branch office in Redding.

Further growth occurred in 1994 with the opening of a Loan Production Office in Walnut Creek. 1996 saw the addition of three more branches: Shingletown, the change-over to a full-service branch in Walnut Creek, the addition of a branch in Weed on August 26, 1996. In addition, a Loan Production Office was opened in Medford, Oregon in 1999.

Weaverville was the next branch. In September 2000, North Valley Bank Corp. agreed to sell its acquired Six Rivers National Bank Weaverville branch. The sale included “all associated deposits and loans, amounting to $17 million in deposits and $800,000 in loans.

In 2003, a branch opened in Oakland and in 2007 a branch opened in Santa Clara to service growing commercial banking markets in the Bay Area. In May of 2011, the Scott Valley Bank Medford, Oregon Loan Production office was converted to a full service business bank, thus becoming the first Scott Valley Bank branch in the State of Oregon.

The Bank plays an integral part in regional economy and culture, both through commercial and retail banking services and through community involvement.

San Jose, CA
2001 Gateway Place, Ste., 135E
San Jose, CA 95110
408-573-7710
408-573-7585

Oakland, CA
1111 Broadway, Ste. 1510
Oakland, CA 94607
510-625-7850
510-625-7860

Weed, CA
375 So. Weed Blvd.
Weed, CA 96094
530-938-5410
530-938-5413