VYFC Valley Financial Corporation featured news, full reports, and detailed charts
Valley Financial Corporation (VYFC) Wrap Up:
Valley Financial Corporation (the “Company”) was incorporated as a Virginia stock corporation on March 15, 1994, primarily to own and control all of the capital stock of Valley Bank (the “Bank”). The Company posts all reports required to be filed under the Securities Exchange Act of 1934 on its web site at www.myvalleybank.com. The Bank opened for business on May 15, 1995 at its main office in the City of Roanoke, opened its second office on September 11, 1995 in the County of Roanoke, its third office on January 15, 1997 in the City of Roanoke, its fourth office in the City of Salem on April 5, 1999, its fifth office in the City of Roanoke on May 7, 2001, its sixth office in County of Roanoke on May 20, 2002, its seventh office in the City of Roanoke on December 8, 2003, and its eighth office in the City of Roanoke on May 9, 2005. Additionally, the Bank opened its wealth management subsidiary, Valley Wealth Management Services, Inc. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f20%2f0001193125-08-061486.html#FIS_BUSINESS"www.myvalleybank.com
131 Employees
Founded in 1994
Valley Financial Corporation (VYFC:NASDAQ)
LAST $3.50 USD
CHANGE TODAY 0.00 0.00%
VOLUME 0.0
As of November 19, 2009 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of Valley Financial Corporation (VYFC)
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OPEN
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PREVIOUS CLOSE
$3.50
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DAY HIGH
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DAY LOW
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52 WEEK HIGH
11/21/08 - $6.40
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52 WEEK LOW
08/4/09 - $2.30
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MARKET CAP
16.4M
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AVERAGE VOLUME 3 mo
359.0
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DILUTED EPS TTM
$-0.90
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SHARES OUTSTANDING
4.7M
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EX-DATE
05/28/09
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P/E TTM
NM
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DIVIDEND
$0.08
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DIVIDEND YIELD
2.29%
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VYFC Top Compensated Officers
Mr. Ellis L. Gutshall
Chief Executive Officer, President, Director,...
Age: 58
Total Annual Compensation: $320.0K
Ms. Kimberly B. Snyder CPA
Chief Financial Officer, Principal Accounting...
Age: 38
Total Annual Compensation: $175.0K
Mr. John T. McCaleb
Chief Lending Officer, Senior Vice President,...
Age: 56
Total Annual Compensation: $160.5K
Mr. Andrew B. Agee
Senior Vice President and Senior Real Estate ...
Age: 47
Total Annual Compensation: $126.0K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for Valley Financial Corporation (VYFC)
Valley Financial Corporation Announces Consolidated Earnings Results for the Third Quarter and Nine Months Ended Sept. 30, 2009
10/30/2009
Valley Financial Corporation announced its consolidated financial results for the third quarter 2009 and reported an 83% increase in earnings as compared to third quarter 2008. Net income for the three-month period ending September 30, 2009 was $1.3 million compared to net income of $0.7 million for the same period last year. After deducting the dividends and discount accretion on preferred stock, net income available to common shareholders for the three-month period ending September 30, 2009 amounted to $1.1 million. Diluted earnings per share increased from $0.15 for the three-month period ending September 30, 2008 to $0.23 for the third quarter of 2009. Valley Financials earnings for the quarter produced an annualized return on average total assets of 0.74% and an annualized return on average shareholders' equity of 9.57%, compared to ratios of 0.45% and 6.65%, respectively, for the third quarter of 2008. The Company's net interest income was $5.0 million for the three months ended September 30, 2009 compared to $4.3 million reported for the same period last year, an increase of 17.5%. For the nine-month period ending September 30, 2009, the company reported a net loss of $3.0 million and diluted loss per share of $0.79 as compared to net income of $2.2 million and diluted earnings per share of $0.46 for the nine-month period ending September 30, 2008. For the nine months, net interest income was $14.6 million against $12.6 million for the same period a year ago. Return on average assets was negative 0.57% and return on average shareholders' equity was negative 6.93% against return on average assets was 0.46% and return on average shareholders' equity was 6.83% for the same period a year ago. Net loss available to common shareholders $3,681,000 against income of $2,153,000 for the same period a year ago.
Valley Financial Corporation, Board Meeting, Oct 29, 2009
10/30/2009
Valley Financial Corporation, Board Meeting, Oct 29, 2009 Agenda: To approve the suspension of the payment of the semi-annual common stock cash dividend.
Valley Financial Corporation expected to Report Q3 2009 Results on November 9, 2009. This event was calculated by Capital IQ (Created on September 9, 2009).
09/9/2009
Valley Financial Corporation expected to Report Q3 2009 Results on November 9, 2009. This event was calculated by Capital IQ (Created on September 9, 2009).
VYFC Competitors
| Company | Last | Change |
| Access National Corp | $6.01 USD | -0.088 |
| Cardinal Financial Corp | $9.04 USD | +0.23 |
| Eagle Bancorp Inc | $9.38 USD | +0.28 |
| Towne Bank | $12.04 USD | +0.07 |
| Virginia National Bank | $16.26 USD | 0.00 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | VYFC | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 1.6x |
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| Price/Book | 0.4x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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VYFC |
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VYFC transactions
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| No transactions in the last 6 months. | ||
More Recent News About Valley Financial Corporation
More news for VYFC
VALLEY FINANCIAL CORP /VA/ Files SEC form 8-K/A, Other Events, Financial Statements and Exhibits
Show all filings for VALLEY FINANCIAL CORP /VA/ | Request a Trial to NEW EDGAR Online Pro Form 8-K/A for VALLEY FINANCIAL CORP /VA/ 4-May-2009Other Events, Financial Statements and Exhibits Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for ...Click here to read the whole Article (external link)
VALLEY FINANCIAL CORP /VA/ Files SEC form 8-K, Other Events, Financial Statements and Exhibits
Show all filings for VALLEY FINANCIAL CORP /VA/ | Request a Trial to NEW EDGAR Online Pro Form 8-K for VALLEY FINANCIAL CORP /VA/ 1-May-2009Other Events, Financial Statements and Exhibits Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for in...Click here to read the whole Article (external link)
VALLEY FINANCIAL CORP /VA/ Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements an
Show all filings for VALLEY FINANCIAL CORP /VA/ | Request a Trial to NEW EDGAR Online Pro Form 8-K for VALLEY FINANCIAL CORP /VA/ 30-Apr-2009Results of Operations and Financial Condition, Financial Statements an Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All informatio...Click here to read the whole Article (external link)
VALLEY FINANCIAL CORP /VA/ Files SEC form 10-K, Annual Report
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations The following is management's discussion and analysis of the financial condition and results of operations of the Company as of and for the years ended December 31, 2008 and 2007. The discussion should be read in conjunction with the Company's Consolidated Financial Statements and Notes thereto. Critical Accounting Policies The preparation of financial statements requires us to make estimates and assumptions. Those accounting policies that require our most difficult, subjective or complex judgments and uncertainties include (1) the allowance for loan losses and (2) impaired loans. Further information about these critical policies is described below. Certain credit risks are inherent in making loans. We seek to prudently assess these risks and manage them effectively. We have internal credit policies and procedures in place to reduce repayment risks. These policies and procedures include: • officer and customer limits; • periodic loan documentation review; and • follow-up on exceptions to credit policies. We establish the allowance for loan losses through charges to earnings through a provision for loan losses. Loan losses are charged against the allowance when we believe that the collection of the principal is unlikely. Subsequent recoveries of losses previously charged against the allowance are credited to the allowance. The allowance represents an amount that, in our judgment, will be appropriate to absorb probable losses on existing loans that may become uncollectible. Some of the factors we consider in determining the appropriate level of the allowance for loan losses are as follows: • an evaluation of the current loan portfolio; • identified loan problems; • loan volume outstanding; • past loss experience; • present and expected industry and economic conditions and, in particular, how such condition...Click here to read the whole Article (external link)
VALLEY FINANCIAL CORP /VA/ Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements an
Show all filings for VALLEY FINANCIAL CORP /VA/ | Request a Trial to NEW EDGAR Online Pro Form 8-K for VALLEY FINANCIAL CORP /VA/ 30-Oct-2009Results of Operations and Financial Condition, Financial Statements an Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information...Click here to read the whole Article (external link)
VALLEY FINANCIAL CORP /VA/ Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Management's discussion and analysis of the financial condition and results of operations of the Company as of and for the three and six-months ended June 30, 2009 and 2008 is as follows. The discussion should be read in conjunction with the Company's Consolidated Financial Statements and Notes on the December 31, 2008 Form 10-K. Critical Accounting Policy For a discussion of the Company's critical accounting policy related to the allowance for loan losses, see the Company's Annual Report on Form 10-K for the year ended December 31, 2008. Results of Operations Net loss for the quarter ended June 30, 2009 was $4.4 million, compared to net income of $688,000 for the same period last year, a decrease of $5.1 million or 741.3%. After the dividend on preferred stock, net loss available to common shareholders for the quarter was $4.7 million, or $1.00 per diluted common share as compared to net income of $688,000 or 15 cents per diluted common share for the second quarter of 2008. The results for the second quarter of 2009 were impacted by a provision for loan losses totaling $8.0 million in comparison to a provision for loan losses of $1.4 million during the first quarter of 2009 and $388,000 for the second quarter in the prior year. Additionally, second quarter results were reduced by a special assessment charge from the FDIC totaling $315,000. Net loss for the six-month period ending June 30, 2009 was $4.3 million compared to net income of $1.4 million for the same period last year, representing a decrease of $5.7 million or 407.1%. After the dividend on preferred stock, net loss to common shareholders was $4.8 million. Basic and diluted earnings per share decreased from $0.31 for the quarter ended June 30, 2008 to a loss per share of $1.02 for the quarter ended June 30, 2009. For the three months ended June 30, 2009, interest income decrea...Click here to read the whole Article (external link)
VALLEY FINANCIAL CORP /VA/ Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements an
Show all filings for VALLEY FINANCIAL CORP /VA/ | Request a Trial to NEW EDGAR Online Pro Form 8-K for VALLEY FINANCIAL CORP /VA/ 3-Aug-2009Results of Operations and Financial Condition, Financial Statements an Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information...Click here to read the whole Article (external link)
VALLEY FINANCIAL CORP /VA/ Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Management's discussion and analysis of the financial condition and results of operations of the Company as of and for the three-months ended March 31, 2009 and 2008 is as follows. The discussion should be read in conjunction with the Company's Consolidated Financial Statements and Notes on the December 31, 2008 Form 10-K. Critical Accounting Policies The preparation of financial statements requires us to make estimates and assumptions. Those accounting policies that require our most difficult, subjective or complex judgments and uncertainties include (1) the allowance for loan losses and (2) impaired loans. Further information about these critical policies is described below. Certain credit risks are inherent in making loans. We seek to prudently assess these risks and manage them effectively. We have internal credit policies and procedures in place to reduce repayment risks. These policies and procedures include: • officer and customer limits; • periodic loan documentation review; and • follow-up on exceptions to credit policies. We establish the allowance for loan losses through charges to earnings through a provision for loan losses. Loan losses are charged against the allowance when we believe that the collection of the principal is unlikely. Subsequent recoveries of losses previously charged against the allowance are credited to the allowance. The allowance represents an amount that, in our judgment, will be appropriate to absorb probable losses on existing loans that may become uncollectible. Some of the factors we consider in determining the appropriate level of the allowance for loan losses are as follows: • an evaluation of the current loan portfolio; • identified loan problems; • loan volume outstanding; • past loss experience; • present and expected industry and economic conditions and, in pa...Click here to read the whole Article (external link)
VALLEY FINANCIAL CORP /VA/ Financials
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...Click here to read the whole Article (external link)
VALLEY FINANCIAL CORP /VA/ Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Management's discussion and analysis of the financial condition and results of operations of the Company as of and for the three- and nine-month periods ended September 30, 2009 and 2008 is as follows. The discussion should be read in conjunction with the Company's Consolidated Financial Statements and Notes on the December 31, 2008 Form 10-K. Critical Accounting Policy For a discussion of the Company's critical accounting policy related to the allowance for loan losses, see the Company's Annual Report on Form 10-K for the year ended December 31, 2008. Results of Operations Net income for the quarter ended September 30, 2009 was $1,313,000, compared to net income of $717,000 for the same period last year, an increase of $596,000 or 83.1%. After the dividend on preferred stock, net income available to common shareholders for the quarter was $1,071,000 or $0.23 per diluted common share as compared to $717,000 or $0.15 per diluted common share for the third quarter of 2008. The increase in net income over the same period last year is largely due to an improvement in our net interest margin as well gains realized on investment transactions. Our net interest margin for the three months ended September 30, 2009 was 3.00%, an improvement of 15 basis points from 2.85% in the same three-month period in 2008. Gains from sales in our investment portfolio totaled $702,000 in the third quarter of this year. Net loss for the nine-month period ending September 30, 2009 was $2,965,000 compared to net income of $2,153,000 for the same period last year, representing a decrease of $5,118,000 or 237.7%. After the dividend on preferred stock, net loss to common shareholders was $3,681,000, or $0.79 per diluted share as compared of net income of $2,153,000 or $0.46 per diluted share for the nine-month period ended September 30, 2008. The decrease in net income for the ...Click here to read the whole Article (external link)
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