Grand Valley Bank in Heber City, Utah (UT), CO
Overview, Financial Summary, Detailed Financial Reports, Branches

Grand Valley Bank - Overview

  • General
  • FDIC Certificate #: 24922
    Status: Active
    Federal Reserve ID: 178851
    Bank Holding Company (Regulatory Top Holder): Porter Mountain Iii, Lllp (RSSDID: 3695528, Location: Grand Junction, CO)
    Date Established: December 13, 1983
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Domestic: 7, Interstate: Yes)
    FDIC's unique #: 17276
    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: No
    Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion
    Date of Deposit Insurance: December 13, 1983
    Last Structure Change Effective Date: December 31, 2008
    Last Structure Change Process Date: January 13, 2009
    Last Data Update: January 13, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 2 South Main Street, Heber City, UT 84032
    County: Wasatch
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Salt Lake City
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
    Combined Statistical Area (CSA): Salt Lake City-Ogden-Clearfield, UT (#482)
    Core Based Statistical Area (CBSA): Heber, UT (#25720)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Name Change
    Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $264.2 mil
    Equity capital: $26.5 mil
    Deposits held in domestic offices: $230.2 mil
    Return on assets (ROA): 0.57% ($1.5 mil)
    Quarterly return on assets: 0.60% ($1.6 mil)
    Return on Equity (ROE): 5.68% ($1.5 mil)
    Quarterly return on equity: 5.96% ($1.6 mil)
    Net income: $1.5 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 0.61% ($1,611.7 mil)
    Quarterly Pretax return on assets: 0.67% ($1,770.3 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
  • 76Total employees (full-time equivalent)
  • $264,221Total assets
  • $4,465Cash and due from depository institutions
  • $535Interest-bearing balances
  • $161,130Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $86,871Net loans & leases
  • $2,454Loan loss allowance
  • $0Trading account assets
  • $3,741Bank premises and fixed assets
  • $3,969Other real estate owned
  • $0Goodwill and other intangibles
  • $264,221Life insurance assets
  • $4,045All other assets
  • $237,681Total liabilities and capital
  • $230,154Total liabilities
  • $175,596Total deposits
  • $230,154Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 551.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,434Trading liabilities
  • $0Other borrowed funds
  • $1,542Subordinated debt
  • $26,540All other liabilities
  • $26,540Total equity capital
  • $26,540Total bank equity capital
  • $0Perpetual preferred stock
  • $1,701Common stock
  • $3,562Surplus
  • $21,277Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,236Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,773Income earned, not collected on loans
  • $0Earning assets
  • $1,548Long-term assets (5+ years)
  • $248,536Average Assets, year-to-date
  • $99,775Average Assets, quarterly
  • $259,575Volatile liabilities
  • $261,910Insider loans
  • $115,510FHLB advances
  • $259,767Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $24,705Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $15,607Restructured Loans and leases
  • $1,115Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,595Total interest income
  • $1,335Total interest expense
  • $9,260Net interest income
  • $1,150Provision for loan and lease losses
  • $1,159Total noninterest income
  • $0Fiduciary activities
  • $444Service charges on deposit accounts
  • $0Trading account gains & fees
  • $715Additional noninterest income
  • $7,783Total noninterest expense
  • $4,664Salaries and employee benefits
  • $820Premises and equipment expense
  • $2,299Additional noninterest expense
  • $1,486Pre-tax net operating income
  • $87Securities gains (losses)
  • $105Applicable income taxes
  • $1,468Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,468Net income attributable to bank
  • $0Net charge-offs
  • $1,468Cash dividends
  • $1,314Sale, conversion, retirement of capital stock, net
  • $227Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.36%Yield on earning assets
  • 0.55%Cost of funding earning assets
  • 3.81%Net interest margin
  • 0.48%Noninterest income to earning assets
  • 3.20%Noninterest expense to earning assets
  • 0.53%Net operating income to assets
  • 0.57%Return on assets (ROA)
  • 0.61%Pretax return on assets
  • 5.68%Return on equity (ROE)
  • 4.80%Retained earnings to average equity (YTD only)
  • 1.38%Net charge-offs to loans
  • 87.52%Credit loss provision to net charge-offs
  • 2.01%Efficiency ratio
  • 74,700Assets per employee
  • 3.48%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 15.46%Loss allowance to loans
  • 2.75%Loss allowance to noncurrent loans
  • 42.51%Noncurrent assets plus other real estate owned to assets
  • 3.69%Noncurrent loans to loans
  • 6.46%Net loans and leases to deposits
  • 37.74%Net loans and leases to core deposits
  • 38.36%Equity capital to assets
  • 10.04%Core capital (leverage) ratio
  • 9.51%Tier 1 risk-based capital ratio
  • 21.39%Total risk-based capital ratio
  • Memoranda
  • $23Average assets
  • $259,575Average earning assets
  • $25,842Average equity
  • $242,889Average loans

List of branches

  • 4 Colorado Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    1257736Fruita Branch452 South Maple, Fruita, CO 81521August 28, 1995Full Service Brick and Mortar
    2257737Plateau Valley Banking Center Branch109 Main Street, Collbran, CO 81624August 19, 1996Full Service Brick and Mortar
    342966325 Road Branch570 25 Road, Grand Junction, CO 81505June 30, 2004Full Service Brick and Mortar
    7475992925 N. 7th Street Branch925 North 7th Street, Grand Junction, CO 81501December 28, 2007Full Service Brick and Mortar
  • 3 Utah Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    017276Grand Valley Bank2 South Main Street, Heber City, UT 84032December 13, 1983Full Service Brick and Mortar
    5452519Vernal Branch121 West Main, Vernal, UT 84078September 14, 2005Full Service Brick and Mortar
    6468292Dba Heber Valley Bank380 East Main, Midway, UT 84049September 07, 2007Full Service Brick and Mortar

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