FDIC Certificate #: 58361 Status: Inactive Federal Reserve ID: 3446766 Date Established: September 27, 2006 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 1 (Interstate: No) FDIC's unique #: 447431 Numeric code: 13 Regulator: FED Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: September 27, 2006 Last Structure Change Effective Date: July 01, 2008 Last Structure Change Process Date: October 06, 2008 Last Data Update: October 06, 2008 Data Source Date: April 05, 2012
Location
Address: 185 South Main Street, Driggs, ID 83422 County: Teton 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): Jackson, WY-ID (#27220) CBSA Micro Statistical Area: Yes
History of Changes
Other Liquidations and Closings
Office Sold
Financial Summary
Total assets: $26.9 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2007)
Dollar figures in thousands
9Total employees (full-time equivalent)
$23,515Total assets
$1,021Cash and due from depository institutions
$0Interest-bearing balances
$0Securities
$561Federal funds sold & reverse repurchase agreements
$19,233Net loans & leases
$229Loan loss allowance
$0Trading account assets
$2,313Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$387All other assets
$23,515Total liabilities and capital
$17,458Total liabilities
$17,326Total deposits
$13,742Interest-bearing deposits
$17,326Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$132All other liabilities
$6,057Total equity capital
$6,057Total bank equity capital
$6,057Perpetual preferred stock
$0Common stock
$3,000Surplus
$1,500Undivided profits
Memoranda
$1,557Noncurrent loans and leases
$4,910Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$94Average Assets, year-to-date
$19,794Average Assets, quarterly
$219Volatile liabilities
$21,146Insider loans
$23,948FHLB advances
$6,985Loans and leases held for sale
$10Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,910Total unused commitments
$0Restructured Loans and leases
$229Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$1,652Total interest income
$624Total interest expense
$1,028Net interest income
$178Provision for loan and lease losses
$140Total noninterest income
$0Fiduciary activities
$11Service charges on deposit accounts
$0Trading account gains & fees
$129Additional noninterest income
$779Total noninterest expense
$415Salaries and employee benefits
$137Premises and equipment expense
$227Additional noninterest expense
$211Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$211Income before extraordinary items
$0Extraordinary gains - net
$211Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.64%Yield on earning assets
3.26%Cost of funding earning assets
5.38%Net interest margin
0.73%Noninterest income to earning assets
4.07%Noninterest expense to earning assets
1.00%Net operating income to assets
1.00%Return on assets (ROA)
1.00%Pretax return on assets
3.55%Return on equity (ROE)
3.55%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
66,695Assets per employee
2.61%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.18%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
111.01%Net loans and leases to core deposits
185.99%Equity capital to assets
25.76%Core capital (leverage) ratio
25.49%Tier 1 risk-based capital ratio
26.03%Total risk-based capital ratio
Memoranda
$27Average assets
$21,146Average earning assets
$5,943Average equity
$19,120Average loans
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