First Boulder Valley Bank in Boulder, Montana (MT)



Show street view No street view available for this location
Table of contents:
First Boulder Valley Bank
GeneralFDIC Certificate #: 19666
Status: Inactive
Closing history: Absorption - Without Assistance
Acquiring institution: First Madison Valley Bank (#19544)
Federal Reserve ID: 662556
Date Established: January 16, 1967
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 13465
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: Yes
Date of Deposit Insurance: January 16, 1967
Last Structure Change Effective Date: August 14, 2009
Last Structure Change Process Date: September 08, 2009
Last Data Update: September 08, 2009
Data Source Date: April 05, 2012
LocationAddress: 109 West 2nd Street, Boulder, MT 59632
County: Jefferson
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
Core Based Statistical Area (CBSA): Helena, MT (#25740)
CBSA Micro Statistical Area: Yes
Financial SummaryTotal assets: $30.1 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, 2008)
(Dollar figures in thousands)
Total employees (full-time equivalent)15
Total assets$31,540
Cash and due from depository institutions$2,325
Interest-bearing balances$1,100
Securities$2,919
Federal funds sold & reverse repurchase agreements$1,150
Net loans & leases$23,792
Loan loss allowance $244
Trading account assets$0
Bank premises and fixed assets$818
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$536
Life insurance assets$0
Total liabilities and capital$31,540
Total liabilities$28,962
Total deposits$28,788
Interest-bearing deposits$22,382
Deposits held in domestic offices$28,788
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $174
Total equity capital$2,578
Total bank equity capital$2,578
Perpetual preferred stock$2,578
Common stock$0
Surplus$180
Undivided profits $1,822
Memoranda
Noncurrent loans and leases $576
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $1,503
Income earned, not collected on loans $0
Earning assets $103
Long-term assets (5+ years) $0
Average Assets, year-to-date $316
Average Assets, quarterly $28,961
Volatile liabilities $1,234
Insider loans $31,294
FHLB advances $31,377
Loans and leases held for sale $4,462
Unused loan commitments $83
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $1,565
Total unused commitments $1,503
Restructured Loans and leases $0
Derivatives$244
Back to page top, Back to table top

Income and Expense (December 31, 2008)
(Dollar figures in thousands)
Total interest income $2,112
Total interest expense $516
Net interest income $1,596
Provision for loan and lease losses $36
Total noninterest income $276
Fiduciary activities $0
Service charges on deposit accounts $206
Trading account gains & fees $0
Additional noninterest income $70
Total noninterest expense $1,343
Salaries and employee benefits $748
Premises and equipment expense $179
Additional noninterest expense $416
Pre-tax net operating income $493
Securities gains (losses) $5
Applicable income taxes $0
Income before extraordinary items $498
Extraordinary gains - net $0
Net income attributable to bank $498
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $38
Net operating income $376
Back to page top, Back to table top

Performance and Condition Ratios (December 31, 2008)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets7.37%
Cost of funding earning assets 1.80%
Net interest margin 5.57%
Noninterest income to earning assets 0.96%
Noninterest expense to earning assets 4.69%
Net operating income to assets 1.58%
Return on assets (ROA) 1.59%
Pretax return on assets 1.59%
Return on equity (ROE) 19.78%
Retained earnings to average equity (YTD only) 4.85%
Net charge-offs to loans 0.16%
Credit loss provision to net charge-offs 94.74%
Efficiency ratio13.92%
Assets per employee$71,741
Cash dividends to net income (YTD only)2.10%
Condition Ratios (%)
Loss allowance to loans 75.50%
Loss allowance to noncurrent loans 1.02%
Noncurrent assets plus other real estate owned to assets 236.89%
Noncurrent loans to loans 0.33%
Net loans and leases to deposits0.43%
Net loans and leases to core deposits 82.65%
Equity capital to assets 97.80%
Core capital (leverage) ratio 8.17%
Tier 1 risk-based capital ratio 8.24%
Total risk-based capital ratio 11.31%
Memoranda
Average assets$12
Average earning assets$31,294
Average equity $2,517
Average loans $28,651
Back to page top, Back to table top

User Contributions:

Comment about this bank, ask questions, or add new information about it:

CAPTCHA


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with First Boulder Valley Bank.
Based on public records. Inadvertent errors are possible.
BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.