Grand Valley Bank in city_name, state_name - Detailed Financial Reports, Location

Grand Valley Bank in Heber City, Utah (UT), CO
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Grand Valley Bank routing number info

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
WWW: http://www.grandvalleybank.com
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

No	ID	Name	Address	Established	Service Type
1	257736	Fruita Branch	452 South Maple, Fruita, CO 81521	August 28, 1995	Full Service Brick and Mortar
2	257737	Plateau Valley Banking Center Branch	109 Main Street, Collbran, CO 81624	August 19, 1996	Full Service Brick and Mortar
3	429663	25 Road Branch	570 25 Road, Grand Junction, CO 81505	June 30, 2004	Full Service Brick and Mortar
7	475992	925 N. 7th Street Branch	925 North 7th Street, Grand Junction, CO 81501	December 28, 2007	Full Service Brick and Mortar

3 Utah Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	17276	Grand Valley Bank	2 South Main Street, Heber City, UT 84032	December 13, 1983	Full Service Brick and Mortar
5	452519	Vernal Branch	121 West Main, Vernal, UT 84078	September 14, 2005	Full Service Brick and Mortar
6	468292	Dba Heber Valley Bank	380 East Main, Midway, UT 84049	September 07, 2007	Full Service Brick and Mortar

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

Grand Valley Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

Grand Valley Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

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