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)
  • Show street view No street view available for this location

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
    WWW: http://www.magicvalleybank.com
    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

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

CAPTCHA

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