Bitterroot Valley Bank in Lolo, Montana (MT)
Overview, Financial Summary, Detailed Financial Reports, Branches

Bitterroot Valley Bank - Overview

  • General
  • FDIC Certificate #: 23806
    Status: Active
    Federal Reserve ID: 615954
    Bank Holding Company (Regulatory Top Holder): Bitterroot Holding Company (RSSDID: 1128880, Location: Lolo, MT)
    Date Established: May 17, 1982
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 10 (Domestic: 6, Interstate: No)
    OTS Docket #: 10968
    FDIC's unique #: 16642
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: May 17, 1982
    Last Structure Change Effective Date: January 01, 2012
    Last Structure Change Process Date: January 24, 2012
    Last Data Update: January 24, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 11300 U.S. Highway 93 S. Ste D, Lolo, MT 59847
    County: Missoula
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Billings
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Missoula, MT (#5140)
    Core Based Statistical Area (CBSA): Missoula, MT (#33540)
    CBSA Metro Statistical Area: Missoula, MT (#33540)
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $192.3 mil
    Equity capital: $20.3 mil
    Deposits held in domestic offices: $141.9 mil
    Return on assets (ROA): 2.12% ($4.1 mil)
    Quarterly return on assets: 1.98% ($3.8 mil)
    Return on Equity (ROE): 20.66% ($4.1 mil)
    Quarterly return on equity: 19.11% ($3.8 mil)
    Net income: $4.2 mil
    Quarterly Net income: $1.0 mil
    Pretax return on assets: 2.12% ($4,077.3 mil)
    Quarterly Pretax return on assets: 1.98% ($3,808.0 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 57Total employees (full-time equivalent)
  • $192,324Total assets
  • $18,440Cash and due from depository institutions
  • $10,398Interest-bearing balances
  • $10,116Securities
  • $793Federal funds sold & reverse repurchase agreements
  • $152,979Net loans & leases
  • $3,100Loan loss allowance
  • $0Trading account assets
  • $2,266Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $192,324Life insurance assets
  • $7,730All other assets
  • $172,007Total liabilities and capital
  • $141,879Total liabilities
  • $121,602Total deposits
  • $141,879Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $28,561Trading liabilities
  • $0Other borrowed funds
  • $1,567Subordinated debt
  • $20,317All other liabilities
  • $20,317Total equity capital
  • $20,317Total bank equity capital
  • $0Perpetual preferred stock
  • $520Common stock
  • $13,280Surplus
  • $6,517Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,589Income earned, not collected on loans
  • $0Earning assets
  • $1,115Long-term assets (5+ years)
  • $174,286Average Assets, year-to-date
  • $70,715Average Assets, quarterly
  • $197,506Volatile liabilities
  • $195,598Insider loans
  • $154,793FHLB advances
  • $198,307Loans and leases held for sale
  • $4,421Unused loan commitments
  • $4,421Tier 1 (core) risk-based capital
  • $20,317Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $15,092Restructured Loans and leases
  • $4,466Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,419Total interest income
  • $2,602Total interest expense
  • $8,817Net interest income
  • $502Provision for loan and lease losses
  • $715Total noninterest income
  • $0Fiduciary activities
  • $477Service charges on deposit accounts
  • $0Trading account gains & fees
  • $238Additional noninterest income
  • $4,842Total noninterest expense
  • $2,994Salaries and employee benefits
  • $508Premises and equipment expense
  • $1,340Additional noninterest expense
  • $4,188Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $4,188Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,188Net income attributable to bank
  • $0Net charge-offs
  • $4,188Cash dividends
  • $652Sale, conversion, retirement of capital stock, net
  • $4,095Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.35%Yield on earning assets
  • 1.45%Cost of funding earning assets
  • 4.90%Net interest margin
  • 0.40%Noninterest income to earning assets
  • 2.69%Noninterest expense to earning assets
  • 2.12%Net operating income to assets
  • 2.12%Return on assets (ROA)
  • 2.12%Pretax return on assets
  • 20.66%Return on equity (ROE)
  • 0.46%Retained earnings to average equity (YTD only)
  • 0.41%Net charge-offs to loans
  • 76.99%Credit loss provision to net charge-offs
  • 7.19%Efficiency ratio
  • 50,797Assets per employee
  • 3.37%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 97.78%Loss allowance to loans
  • 1.99%Loss allowance to noncurrent loans
  • 86.38%Noncurrent assets plus other real estate owned to assets
  • 1.87%Noncurrent loans to loans
  • 2.30%Net loans and leases to deposits
  • 107.82%Net loans and leases to core deposits
  • 108.04%Equity capital to assets
  • 10.56%Core capital (leverage) ratio
  • 10.25%Tier 1 risk-based capital ratio
  • 13.13%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $197,506Average earning assets
  • $20,270Average equity
  • $179,917Average loans

List of branches

  • 10 Montana Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    016642Bitterroot Valley Bank11300 U.S. Highway 93 S. Ste D, Lolo, MT 59847May 17, 1982Full Service Brick and Mortar
    1256728Frenchtown Branch16600 Beckwith St, Frenchtown, MT 59834November 19, 1990Full Service Brick and Mortar
    2256729St. Regis Branch651 Montana Highway 135, Saint Regis, MT 59866November 21, 1995Full Service Brick and Mortar
    3256730Milltown Branch7676 Highway 200, Milltown, MT 59851August 15, 1997Full Service Brick and Mortar
    4256731Superior Branch200 River Street, Superior, MT 59872April 05, 1999Full Service Brick and Mortar
    5433009Airway Boulevard Branch5600 Airway Boulevard, Missoula, MT 59808October 12, 2004Full Service Brick and Mortar
    65303Ravalli Main Office244 West Pinckney, Hamilton, MT 59840April 01, 1895Full Service Brick and Mortar
    7218280North Valley Branch At Super One Foo39 Stevensville Cutoff Road, Stevensville, MT 59870September 15, 1998Full Service Retail
    8282072Blodgett View Branch1131 North 1st Street, Hamilton, MT 59840December 06, 1996Full Service Retail
    9361107Corvallis Branch1070 Eastside Hwy, Corvallis, MT 59828September 18, 2000Full Service Brick and Mortar

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