First Valley Bank in Seeley Lake, Montana (MT)

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First Valley Bank
GeneralFDIC Certificate #: 26190
Status: Active
Federal Reserve ID: 656153
Bank Holding Company (Regulatory Top Holder): Forstrom Bancorporation, Inc. (RSSDID: 1128134, Location: Clara City, MN)
Date Established: April 01, 1985
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Domestic: 1, Interstate: No)
FDIC's unique #: 32481
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: April 01, 1985
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 3084 Highway 83 N., Seeley Lake, MT 59868
County: Missoula
Quarterly Banking Profile Region: San Francisco
FDIC Geographic Region: San Francisco
FDIC Supervisory Region: Kansas City
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 ChangesChange in Location
Merge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $52.4 mil
Equity capital: $4.7 mil
Deposits held in domestic offices: $47.6 mil
Return on assets (ROA): 1.52% ($0.8 mil)
Quarterly return on assets: 1.73% ($0.9 mil)
Return on Equity (ROE): 17.88% ($0.9 mil)
Quarterly return on equity: 19.82% ($1.0 mil)
Net income: $0.8 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 1.52% ($797.2 mil)
Quarterly Pretax return on assets: 1.73% ($907.4 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)
Total employees (full-time equivalent)11
Total assets$52,448
Cash and due from depository institutions$10,150
Interest-bearing balances$9,055
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$38,331
Loan loss allowance $401
Trading account assets$0
Bank premises and fixed assets$2,025
Other real estate owned$972
Goodwill and other intangibles$0
All other assets$464
Life insurance assets$52,448
Total liabilities and capital$47,747
Total liabilities$47,563
Total deposits$41,120
Interest-bearing deposits$47,563
Deposits held in domestic offices$95
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $184
All other liabilities $4,701
Total equity capital$4,701
Total bank equity capital$4,701
Perpetual preferred stock$0
Common stock$400
Undivided profits $1,701
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $389
Earning assets $0
Long-term assets (5+ years) $207
Average Assets, year-to-date $47,892
Average Assets, quarterly $14,718
Volatile liabilities $52,857
Insider loans $53,052
FHLB advances $38,969
Loans and leases held for sale $52,339
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $4,699
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $7,055
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,537
Total interest expense $743
Net interest income $1,794
Provision for loan and lease losses $90
Total noninterest income $140
Fiduciary activities $0
Service charges on deposit accounts $48
Trading account gains & fees $0
Additional noninterest income $92
Total noninterest expense $1,039
Salaries and employee benefits $530
Premises and equipment expense $173
Additional noninterest expense $336
Pre-tax net operating income $805
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items $805
Extraordinary gains - net $0
Net income attributable to bank $805
Net charge-offs $0
Cash dividends $805
Sale, conversion, retirement of capital stock, net $69
Net operating income $580
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.25%
Cost of funding earning assets 1.54%
Net interest margin 3.71%
Noninterest income to earning assets 0.29%
Noninterest expense to earning assets 2.15%
Net operating income to assets 1.52%
Return on assets (ROA) 1.52%
Pretax return on assets 1.52%
Return on equity (ROE) 17.88%
Retained earnings to average equity (YTD only) 5.00%
Net charge-offs to loans 0.17%
Credit loss provision to net charge-offs 130.43%
Efficiency ratio12.97%
Assets per employee$53,723
Cash dividends to net income (YTD only)4.77%
Condition Ratios (%)
Loss allowance to loans 72.05%
Loss allowance to noncurrent loans 1.04%
Noncurrent assets plus other real estate owned to assets 103.08%
Noncurrent loans to loans 2.59%
Net loans and leases to deposits1.00%
Net loans and leases to core deposits 80.59%
Equity capital to assets 81.53%
Core capital (leverage) ratio 8.96%
Tier 1 risk-based capital ratio 8.98%
Total risk-based capital ratio 12.06%
Average assets$13
Average earning assets$52,857
Average equity $4,502
Average loans $48,365
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1 Montana Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
032481First Valley Bank3084 Highway 83 N., Seeley Lake, MT 59868April 01, 1985Full Service Brick and Mortar
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