Magic Valley Bank in Twin Falls, Idaho (ID)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 03, 2004

  • Magic Valley Bank in Twin Falls, Idaho (ID)
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Magic Valley Bank - Overview

  • General
  • FDIC Certificate #: 34555
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Panhandle State Bank (#23415)
    Federal Reserve ID: 2607467
    Date Established: August 29, 1997
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    FDIC's unique #: 59062
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: August 29, 1997
    Last Structure Change Effective Date: November 03, 2004
    Last Structure Change Process Date: December 01, 2004
    Last Data Update: December 01, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 113 Main Avenue West, Twin Falls, ID 83301
    County: Twin Falls
    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: Western
    Core Based Statistical Area (CBSA): Twin Falls, ID (#46300)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $80.0 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, 2003)

  • Dollar figures in thousands
  • 35Total employees (full-time equivalent)
  • $78,523Total assets
  • $7,707Cash and due from depository institutions
  • $694Interest-bearing balances
  • $7,313Securities
  • $3,000Federal funds sold & reverse repurchase agreements
  • $57,204Net loans & leases
  • $814Loan loss allowance
  • $0Trading account assets
  • $1,415Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,884All other assets
  • $78,523Total liabilities and capital
  • $71,688Total liabilities
  • $68,028Total deposits
  • $48,096Interest-bearing deposits
  • $68,028Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,801Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $1,600Other borrowed funds
  • $0Subordinated debt
  • $259All other liabilities
  • $6,835Total equity capital
  • $6,835Total bank equity capital
  • $6,835Perpetual preferred stock
  • $0Common stock
  • $2,616Surplus
  • $2,842Undivided profits
  • Memoranda
  • $1,377Noncurrent loans and leases
  • $13,788Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1Earning assets
  • $0Long-term assets (5+ years)
  • $444Average Assets, year-to-date
  • $68,211Average Assets, quarterly
  • $14,906Volatile liabilities
  • $68,799Insider loans
  • $72,851FHLB advances
  • $14,521Loans and leases held for sale
  • $1,005Unused loan commitments
  • $1,600Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $13,788Total unused commitments
  • $0Restructured Loans and leases
  • $709Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $4,701Total interest income
  • $896Total interest expense
  • $3,805Net interest income
  • $176Provision for loan and lease losses
  • $318Total noninterest income
  • $0Fiduciary activities
  • $235Service charges on deposit accounts
  • $0Trading account gains & fees
  • $83Additional noninterest income
  • $3,037Total noninterest expense
  • $1,698Salaries and employee benefits
  • $410Premises and equipment expense
  • $929Additional noninterest expense
  • $910Pre-tax net operating income
  • $9Securities gains (losses)
  • $314Applicable income taxes
  • $605Income before extraordinary items
  • $0Extraordinary gains - net
  • $605Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $99Sale, conversion, retirement of capital stock, net
  • $53Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.58%Yield on earning assets
  • 1.44%Cost of funding earning assets
  • 6.14%Net interest margin
  • 0.51%Noninterest income to earning assets
  • 4.90%Noninterest expense to earning assets
  • 0.87%Net operating income to assets
  • 0.88%Return on assets (ROA)
  • 1.34%Pretax return on assets
  • 9.19%Return on equity (ROE)
  • 8.39%Retained earnings to average equity (YTD only)
  • 0.19%Net charge-offs to loans
  • 177.78%Credit loss provision to net charge-offs
  • 10.97%Efficiency ratio
  • 73,660Assets per employee
  • 2.24%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 8.76%Loss allowance to loans
  • 1.40%Loss allowance to noncurrent loans
  • 81400.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 84.09%Net loans and leases to core deposits
  • 100.52%Equity capital to assets
  • 8.70%Core capital (leverage) ratio
  • 9.58%Tier 1 risk-based capital ratio
  • 12.01%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $68,799Average earning assets
  • $6,582Average equity
  • $62,019Average loans

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