Gunnison Valley Bank in Gunnison, Utah (UT)
Overview, Financial Summary, Detailed Financial Reports, Branches

Gunnison Valley Bank - Overview

  • General
  • FDIC Certificate #: 1250
    Status: Active
    Federal Reserve ID: 805670
    Bank Holding Company (Regulatory Top Holder): G V Bancorp Employee Stock Ownership Plan (RSSDID: 2650454, Location: Gunnison, UT)
    Date Established: January 01, 1909
    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 #: 851
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    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: 10 South Main Street, Gunnison, UT 84634
    County: Sanpete
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Salt Lake City
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $73.4 mil
    Equity capital: $7.0 mil
    Deposits held in domestic offices: $65.9 mil
    Return on assets (ROA): 0.45% ($0.3 mil)
    Quarterly return on assets: 0.03% ($0.0 mil)
    Return on Equity (ROE): 4.67% ($0.3 mil)
    Quarterly return on equity: 0.29% ($0.0 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.45% ($330.3 mil)
    Quarterly Pretax return on assets: 0.03% ($22.0 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
  • 12Total employees (full-time equivalent)
  • $73,396Total assets
  • $8,889Cash and due from depository institutions
  • $7,845Interest-bearing balances
  • $1,905Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $53,254Net loans & leases
  • $1,101Loan loss allowance
  • $0Trading account assets
  • $16Bank premises and fixed assets
  • $6,690Other real estate owned
  • $0Goodwill and other intangibles
  • $73,396Life insurance assets
  • $2,642All other assets
  • $66,411Total liabilities and capital
  • $65,892Total liabilities
  • $52,568Total deposits
  • $65,892Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $519Subordinated debt
  • $6,985All other liabilities
  • $6,985Total equity capital
  • $6,985Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $2,830Surplus
  • $4,055Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,007Income earned, not collected on loans
  • $0Earning assets
  • $1,099Long-term assets (5+ years)
  • $63,004Average Assets, year-to-date
  • $4,769Average Assets, quarterly
  • $70,393Volatile liabilities
  • $72,365Insider loans
  • $56,919FHLB advances
  • $72,944Loans and leases held for sale
  • $1,489Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $6,980Tier 2 risk-based capital
  • $1,489Total risk weighted assets
  • $0Total unused commitments
  • $629Restructured Loans and leases
  • $366Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,861Total interest income
  • $608Total interest expense
  • $3,253Net interest income
  • $875Provision for loan and lease losses
  • $315Total noninterest income
  • $0Fiduciary activities
  • $320Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$5Additional noninterest income
  • $2,373Total noninterest expense
  • $1,094Salaries and employee benefits
  • $139Premises and equipment expense
  • $1,140Additional noninterest expense
  • $320Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $320Income before extraordinary items
  • $0Extraordinary gains - net
  • $320Net income attributable to bank
  • $0Net charge-offs
  • $320Cash dividends
  • $804Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.41%Yield on earning assets
  • 1.01%Cost of funding earning assets
  • 5.40%Net interest margin
  • 0.52%Noninterest income to earning assets
  • 3.94%Noninterest expense to earning assets
  • 0.45%Net operating income to assets
  • 0.45%Return on assets (ROA)
  • 0.45%Pretax return on assets
  • 4.67%Return on equity (ROE)
  • 4.67%Retained earnings to average equity (YTD only)
  • 1.49%Net charge-offs to loans
  • 108.83%Credit loss provision to net charge-offs
  • 1.49%Efficiency ratio
  • 66,508Assets per employee
  • 6.12%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.03%Loss allowance to noncurrent loans
  • 27.48%Noncurrent assets plus other real estate owned to assets
  • 14.57%Noncurrent loans to loans
  • 7.37%Net loans and leases to deposits
  • 80.82%Net loans and leases to core deposits
  • 81.89%Equity capital to assets
  • 9.52%Core capital (leverage) ratio
  • 9.57%Tier 1 risk-based capital ratio
  • 12.26%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $70,393Average earning assets
  • $6,856Average equity
  • $60,248Average loans

List of branches

  • 1 Utah Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0851Gunnison Valley Bank10 South Main Street, Gunnison, UT 84634January 01, 1909Full Service Brick and Mortar

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