FDIC Certificate #: 26190 Status: Active Federal Reserve ID: 656153 Bank Holding Company (Regulatory Top Holder): Forstrom Bancorporation, Inc. (RSSDID: 1128134, Location: Clara City, MN) Date Established: April 01, 1985 WWW:http://www.firstvalleybank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 32481 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: Yes Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: April 01, 1985 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 3084 Highway 83 N., Seeley Lake, MT 59868 County: Missoula Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: Kansas City FDIC Field Office: Billings Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: West Metropolitan Statistical Area (MSA): Missoula, MT (#5140) Core Based Statistical Area (CBSA): Missoula, MT (#33540) CBSA Metro Statistical Area: Missoula, MT (#33540)
History of Changes
Change in Location
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $52.4 mil Equity capital: $4.7 mil Deposits held in domestic offices: $47.6 mil Return on assets (ROA): 1.52% ($0.8 mil) Quarterly return on assets: 1.73% ($0.9 mil) Return on Equity (ROE): 17.88% ($0.9 mil) Quarterly return on equity: 19.82% ($1.0 mil) Net income: $0.8 mil Quarterly Net income: $0.2 mil Pretax return on assets: 1.52% ($797.2 mil) Quarterly Pretax return on assets: 1.73% ($907.4 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
11Total employees (full-time equivalent)
$52,448Total assets
$10,150Cash and due from depository institutions
$9,055Interest-bearing balances
$506Securities
$0Federal funds sold & reverse repurchase agreements
$38,331Net loans & leases
$401Loan loss allowance
$0Trading account assets
$2,025Bank premises and fixed assets
$972Other real estate owned
$0Goodwill and other intangibles
$52,448Life insurance assets
$464All other assets
$47,747Total liabilities and capital
$47,563Total liabilities
$41,120Total deposits
$47,563Interest-bearing deposits
$95Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$184Subordinated debt
$4,701All other liabilities
$4,701Total equity capital
$4,701Total bank equity capital
$0Perpetual preferred stock
$400Common stock
$2,600Surplus
$1,701Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$389Income earned, not collected on loans
$0Earning assets
$207Long-term assets (5+ years)
$47,892Average Assets, year-to-date
$14,718Average Assets, quarterly
$52,857Volatile liabilities
$53,052Insider loans
$38,969FHLB advances
$52,339Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$4,699Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$7,055Restructured Loans and leases
$456Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,537Total interest income
$743Total interest expense
$1,794Net interest income
$90Provision for loan and lease losses
$140Total noninterest income
$0Fiduciary activities
$48Service charges on deposit accounts
$0Trading account gains & fees
$92Additional noninterest income
$1,039Total noninterest expense
$530Salaries and employee benefits
$173Premises and equipment expense
$336Additional noninterest expense
$805Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$805Income before extraordinary items
$0Extraordinary gains - net
$805Net income attributable to bank
$0Net charge-offs
$805Cash dividends
$69Sale, conversion, retirement of capital stock, net
$580Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.25%Yield on earning assets
1.54%Cost of funding earning assets
3.71%Net interest margin
0.29%Noninterest income to earning assets
2.15%Noninterest expense to earning assets
1.52%Net operating income to assets
1.52%Return on assets (ROA)
1.52%Pretax return on assets
17.88%Return on equity (ROE)
5.00%Retained earnings to average equity (YTD only)
0.17%Net charge-offs to loans
130.43%Credit loss provision to net charge-offs
12.97%Efficiency ratio
53,723Assets per employee
4.77%Cash dividends to net income (YTD only)
Condition Ratios (%)
72.05%Loss allowance to loans
1.04%Loss allowance to noncurrent loans
103.08%Noncurrent assets plus other real estate owned to assets
2.59%Noncurrent loans to loans
1.00%Net loans and leases to deposits
80.59%Net loans and leases to core deposits
81.53%Equity capital to assets
8.96%Core capital (leverage) ratio
8.98%Tier 1 risk-based capital ratio
12.06%Total risk-based capital ratio
Memoranda
$13Average assets
$52,857Average earning assets
$4,502Average equity
$48,365Average loans
List of branches
1 Montana Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
32481
First Valley Bank
3084 Highway 83 N., Seeley Lake, MT 59868
April 01, 1985
Full Service Brick and Mortar
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