FDIC Certificate #: 8310 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Bitterroot Valley Bank (#23806) Federal Reserve ID: 604556 Bank Holding Company (Regulatory Top Holder): Ravalli County Bankshares, Inc. (RSSDID: 1127584, Location: Hamilton, MT) Date Established: April 01, 1895 WWW:http://www.ravallibank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 4 (Domestic: 4, Interstate: No) OTS Docket #: 14554 FDIC's unique #: 5303 Numeric code: 13 Regulator: FED 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: January 01, 1934 Last Structure Change Effective Date: January 01, 2012 Last Structure Change Process Date: January 24, 2012 Last Data Update: January 24, 2012 Data Source Date: April 05, 2012
Location
Address: 244 West Pinckney, Hamilton, MT 59840 County: Ravalli Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: Billings Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: West
Financial Summary
Total assets: $186.8 mil Equity capital: $19.8 mil Deposits held in domestic offices: $138.2 mil Return on assets (ROA): -0.28% (-$0.5 mil) Quarterly return on assets: -1.42% (-$2.7 mil) Return on Equity (ROE): -2.59% (-$0.5 mil) Quarterly return on equity: -13.17% (-$2.6 mil) Net income: -$0.5 mil Quarterly Net income: -$0.7 mil Pretax return on assets: -0.61% (-$1,139.8 mil) Quarterly Pretax return on assets: -2.47% (-$4,615.1 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
54Total employees (full-time equivalent)
$186,845Total assets
$21,513Cash and due from depository institutions
$18,279Interest-bearing balances
$44,720Securities
$668Federal funds sold & reverse repurchase agreements
$101,430Net loans & leases
$3,006Loan loss allowance
$0Trading account assets
$2,650Bank premises and fixed assets
$9,090Other real estate owned
$12Goodwill and other intangibles
$186,845Life insurance assets
$6,762All other assets
$167,044Total liabilities and capital
$138,194Total liabilities
$108,285Total deposits
$138,194Interest-bearing deposits
$95Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$28,500Trading liabilities
$0Other borrowed funds
$350Subordinated debt
$19,801All other liabilities
$19,801Total equity capital
$19,801Total bank equity capital
$0Perpetual preferred stock
$700Common stock
$11,300Surplus
$7,801Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$6,194Income earned, not collected on loans
$0Earning assets
$791Long-term assets (5+ years)
$165,097Average Assets, year-to-date
$73,711Average Assets, quarterly
$184,343Volatile liabilities
$186,908Insider loans
$109,549FHLB advances
$185,892Loans and leases held for sale
$2,353Unused loan commitments
$2,353Tier 1 (core) risk-based capital
$19,218Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$13,874Restructured Loans and leases
$88Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$8,232Total interest income
$2,084Total interest expense
$6,148Net interest income
$2,225Provision for loan and lease losses
$110Total noninterest income
$0Fiduciary activities
$486Service charges on deposit accounts
$0Trading account gains & fees
-$376Additional noninterest income
$5,399Total noninterest expense
$3,041Salaries and employee benefits
$728Premises and equipment expense
$1,630Additional noninterest expense
-$1,366Pre-tax net operating income
$244Securities gains (losses)
-$600Applicable income taxes
-$522Income before extraordinary items
$0Extraordinary gains - net
-$522Net income attributable to bank
$0Net charge-offs
-$522Cash dividends
$2,448Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.04%Yield on earning assets
1.28%Cost of funding earning assets
3.76%Net interest margin
0.07%Noninterest income to earning assets
3.31%Noninterest expense to earning assets
-0.37%Net operating income to assets
-0.28%Return on assets (ROA)
-0.61%Pretax return on assets
-2.59%Return on equity (ROE)
-2.59%Retained earnings to average equity (YTD only)
2.14%Net charge-offs to loans
90.89%Credit loss provision to net charge-offs
0.35%Efficiency ratio
86,210Assets per employee
3.46%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.88%Loss allowance to noncurrent loans
48.53%Noncurrent assets plus other real estate owned to assets
8.18%Noncurrent loans to loans
5.93%Net loans and leases to deposits
73.40%Net loans and leases to core deposits
73.81%Equity capital to assets
10.60%Core capital (leverage) ratio
10.34%Tier 1 risk-based capital ratio
17.54%Total risk-based capital ratio
Memoranda
$19Average assets
$184,343Average earning assets
$20,173Average equity
$163,315Average loans
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