Valley Financial Corp (VYFC) SEC Filing 10-K Annual report for the fiscal year ending Saturday, December 31, 2011

Valley Financial Corp

CIK: 921590 Ticker: VYFC
Exhibit 99.1


   Valley Financial Corporation    

FOR RELEASE 4:00 p.m. January 26, 2012

36 Church Avenue, S.W.
Roanoke, Virginia 24011

For Further Information Contact:

Ellis L. Gutshall, President and Chief Executive Officer
Kimberly B. Snyder, Executive Vice President and Chief Financial Officer
 (540) 342-2265


ROANOKE, VIRGINIA (January 26, 2012) -- Valley Financial Corporation (NASDAQ Capital Market-VYFC) announced today its consolidated financial results and reported record net income of $5,688,000 and diluted earnings per share of $1.00 for the year ended December 31, 2011.  The results represent a $2,195,000 or 63% increase over the previous year’s record net income of $3,493,000.  Net income available to common shareholders, which deducts dividends and discount accretion on preferred stock from net income was $4,720,000 compared to $2,534,000 for the prior year, an increase of 86%.  Return on average total assets was 0.73% and return on average shareholders’ equity was 9.88% for the year, compared with 0.46% and 6.49% respectively, for 2010.

Net income for the three-month period ended December 31, 2011 was a record $1,801,000 compared to net income of $342,000 for the same period last year, an increase of $1,459,000, or 427%.  After the dividend on preferred stock and accretion on discounts on warrants, net income available to common shareholders for the fourth quarter was $1,559,000 or $0.33 per diluted common share, as compared to net income to common shareholders of $101,000 or $0.02 per diluted common share for the same period last year. Return on average total assets for the fourth quarter of 2011 was 0.94% and return on average shareholders’ equity was 12.13%, compared with 0.17% and 2.43% respectively for the same period in 2010.

“We are most pleased to report that Valley Financial Corporation has delivered not only a record quarter, but also a second consecutive year of record earnings to its shareholders during this most tenuous economic climate.  During the year we have made continued improvements in asset quality, liquidity, deposit generation, and capital generation.  Our focus for the coming year will be continued asset quality improvement and continued capital enhancement to position the Company to successfully begin repayment of TARP to the U. S. Treasury through organic earnings, with


The following information was filed by Valley Financial Corp (VYFC) on Friday, January 27, 2012 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Valley Financial Corp's Definitive Proxy Statement (Form DEF 14A) filed after their 2012 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors


Ticker: VYFC
CIK: 921590
Form Type: 10-K Annual Report
Accession Number: 0001002105-12-000032
Submitted to the SEC: Mon Mar 19 2012 9:22:44 AM EST
Accepted by the SEC: Mon Mar 19 2012
Period: Saturday, December 31, 2011
Industry: Savings Institution Federally Chartered

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