Pine River Valley Bank in Bayfield, Colorado (CO)



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Pine River Valley Bank routing number info

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Pine River Valley Bank
GeneralFDIC Certificate #: 22497
Status: Active
Federal Reserve ID: 612551
Bank Holding Company (Regulatory Top Holder): Pine River Bank Corp. (RSSDID: 2042648, Location: Bayfield, CO)
Date Established: August 01, 1977
WWW: http://www.prvb.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Domestic: 4, Interstate: No)
FDIC's unique #: 15687
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: Commercial Lending Specialization
Date of Deposit Insurance: August 01, 1977
Last Structure Change Effective Date: June 01, 2007
Last Structure Change Process Date: June 01, 2007
Last Data Update: June 01, 2007
Data Source Date: April 05, 2012
LocationAddress: 301 North Commerce Drive, Bayfield, CO 81122
County: La Plata
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Denver
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Core Based Statistical Area (CBSA): Durango, CO (#20420)
CBSA Micro Statistical Area: Yes
Financial SummaryTotal assets: $145.2 mil
Equity capital: $14.0 mil
Deposits held in domestic offices: $129.7 mil
Return on assets (ROA): -0.17% (-$0.2 mil)
Quarterly return on assets: -0.29% (-$0.4 mil)
Return on Equity (ROE): -1.97% (-$0.3 mil)
Quarterly return on equity: -3.07% (-$0.4 mil)
Net income: -$0.3 mil
Quarterly Net income: -$0.1 mil
Pretax return on assets: -0.20% (-$290.5 mil)
Quarterly Pretax return on assets: -0.25% (-$363.1 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)
Total employees (full-time equivalent)42
Total assets$145,247
Cash and due from depository institutions$11,359
Interest-bearing balances$8,573
Securities$31,834
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$81,732
Loan loss allowance $3,039
Trading account assets$0
Bank premises and fixed assets$4,059
Other real estate owned$9,052
Goodwill and other intangibles$0
All other assets$7,211
Life insurance assets$145,247
Total liabilities and capital$131,228
Total liabilities$129,687
Total deposits$97,889
Interest-bearing deposits$129,687
Deposits held in domestic offices$95
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $1,541
All other liabilities $14,019
Total equity capital$14,019
Total bank equity capital$14,019
Perpetual preferred stock$0
Common stock$150
Surplus$3,554
Undivided profits $10,315
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $3,791
Earning assets $0
Long-term assets (5+ years) $474
Average Assets, year-to-date $122,139
Average Assets, quarterly $40,092
Volatile liabilities $157,178
Insider loans $147,763
FHLB advances $98,353
Loans and leases held for sale $145,095
Unused loan commitments $3,994
Tier 1 (core) risk-based capital $3,994
Tier 2 risk-based capital $12,748
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $10,109
Derivatives$408
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $6,520
Total interest expense $1,161
Net interest income $5,359
Provision for loan and lease losses $325
Total noninterest income $1,050
Fiduciary activities $0
Service charges on deposit accounts $541
Trading account gains & fees $0
Additional noninterest income $509
Total noninterest expense $6,585
Salaries and employee benefits $2,466
Premises and equipment expense $715
Additional noninterest expense $3,404
Pre-tax net operating income -$501
Securities gains (losses) $180
Applicable income taxes -$49
Income before extraordinary items -$272
Extraordinary gains - net $0
Net income attributable to bank -$272
Net charge-offs $0
Cash dividends -$272
Sale, conversion, retirement of capital stock, net $528
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.80%
Cost of funding earning assets 0.86%
Net interest margin 3.95%
Noninterest income to earning assets 0.77%
Noninterest expense to earning assets 4.85%
Net operating income to assets -0.27%
Return on assets (ROA) -0.17%
Pretax return on assets -0.20%
Return on equity (ROE) -1.97%
Retained earnings to average equity (YTD only) -1.97%
Net charge-offs to loans 0.56%
Credit loss provision to net charge-offs 61.55%
Efficiency ratio-0.33%
Assets per employee$102,746
Cash dividends to net income (YTD only)3.46%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 3.58%
Noncurrent assets plus other real estate owned to assets 80.16%
Noncurrent loans to loans 8.84%
Net loans and leases to deposits4.47%
Net loans and leases to core deposits 63.02%
Equity capital to assets 66.20%
Core capital (leverage) ratio 9.65%
Tier 1 risk-based capital ratio 8.79%
Total risk-based capital ratio 12.96%
Memoranda
Average assets$14
Average earning assets$157,178
Average equity $13,774
Average loans $135,737
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4 Colorado Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
015687Pine River Valley Bank301 North Commerce Drive, Bayfield, CO 81122August 01, 1977Full Service Brick and Mortar
1432661Durango Branch848 East Second Avenue, Durango, CO 81301December 17, 2003Full Service Brick and Mortar
2458299Creede Branch118 South Main Street, Creede, CO 81130December 04, 2006Full Service Brick and Mortar
3462068Lake City Branch231 Silver Street, Lake City, CO 81235April 02, 2007Full Service Brick and Mortar
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