First Boulder Valley Bank in Boulder, Montana (MT)

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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
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
Undivided profits $1,822
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
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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
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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%
Average assets$12
Average earning assets$31,294
Average equity $2,517
Average loans $28,651
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