First Valley Bank in Seeley Lake, Montana (MT)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Valley Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 11Total employees (full-time equivalent)
  • $52,448Total assets
  • $10,150Cash and due from depository institutions
  • $9,055Interest-bearing balances
  • $506Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $38,331Net loans & leases
  • $401Loan loss allowance
  • $0Trading account assets
  • $2,025Bank premises and fixed assets
  • $972Other real estate owned
  • $0Goodwill and other intangibles
  • $52,448Life insurance assets
  • $464All other assets
  • $47,747Total liabilities and capital
  • $47,563Total liabilities
  • $41,120Total deposits
  • $47,563Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $184Subordinated debt
  • $4,701All other liabilities
  • $4,701Total equity capital
  • $4,701Total bank equity capital
  • $0Perpetual preferred stock
  • $400Common stock
  • $2,600Surplus
  • $1,701Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $389Income earned, not collected on loans
  • $0Earning assets
  • $207Long-term assets (5+ years)
  • $47,892Average Assets, year-to-date
  • $14,718Average Assets, quarterly
  • $52,857Volatile liabilities
  • $53,052Insider loans
  • $38,969FHLB advances
  • $52,339Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $4,699Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,055Restructured Loans and leases
  • $456Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,537Total interest income
  • $743Total interest expense
  • $1,794Net interest income
  • $90Provision for loan and lease losses
  • $140Total noninterest income
  • $0Fiduciary activities
  • $48Service charges on deposit accounts
  • $0Trading account gains & fees
  • $92Additional noninterest income
  • $1,039Total noninterest expense
  • $530Salaries and employee benefits
  • $173Premises and equipment expense
  • $336Additional noninterest expense
  • $805Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $805Income before extraordinary items
  • $0Extraordinary gains - net
  • $805Net income attributable to bank
  • $0Net charge-offs
  • $805Cash dividends
  • $69Sale, conversion, retirement of capital stock, net
  • $580Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.25%Yield on earning assets
  • 1.54%Cost of funding earning assets
  • 3.71%Net interest margin
  • 0.29%Noninterest income to earning assets
  • 2.15%Noninterest expense to earning assets
  • 1.52%Net operating income to assets
  • 1.52%Return on assets (ROA)
  • 1.52%Pretax return on assets
  • 17.88%Return on equity (ROE)
  • 5.00%Retained earnings to average equity (YTD only)
  • 0.17%Net charge-offs to loans
  • 130.43%Credit loss provision to net charge-offs
  • 12.97%Efficiency ratio
  • 53,723Assets per employee
  • 4.77%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 72.05%Loss allowance to loans
  • 1.04%Loss allowance to noncurrent loans
  • 103.08%Noncurrent assets plus other real estate owned to assets
  • 2.59%Noncurrent loans to loans
  • 1.00%Net loans and leases to deposits
  • 80.59%Net loans and leases to core deposits
  • 81.53%Equity capital to assets
  • 8.96%Core capital (leverage) ratio
  • 8.98%Tier 1 risk-based capital ratio
  • 12.06%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $52,857Average earning assets
  • $4,502Average equity
  • $48,365Average loans

List of branches

  • 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

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

Could not connect to database: Access denied for user 'buser'@'' (using password: YES)

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