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)
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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

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