FDIC Certificate #: 27518 Status: Active Federal Reserve ID: 1401891 Bank Holding Company (Regulatory Top Holder): Milk River Banquo, Inc. (RSSDID: 2807100, Location: Malta, MT) Date Established: June 09, 1989 WWW:http://www.valleybankglasgow.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 40251 Numeric code: 13 Regulator: FED Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Agricultural lending institution: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Agricultural Specialization Date of Deposit Insurance: June 09, 1989 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: 110 Sixth Street South, Glasgow, MT 59230 County: Valley 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
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $35.7 mil Equity capital: $2.8 mil Deposits held in domestic offices: $32.6 mil Return on assets (ROA): 0.39% ($0.1 mil) Quarterly return on assets: 0.57% ($0.2 mil) Return on Equity (ROE): 4.69% ($0.1 mil) Quarterly return on equity: 7.11% ($0.2 mil) Net income: $0.1 mil Quarterly Net income: $0.0 mil Pretax return on assets: 0.56% ($199.8 mil) Quarterly Pretax return on assets: 0.89% ($317.5 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
12Total employees (full-time equivalent)
$35,674Total assets
$9,074Cash and due from depository institutions
$7,761Interest-bearing balances
$6,746Securities
$0Federal funds sold & reverse repurchase agreements
$18,449Net loans & leases
$313Loan loss allowance
$0Trading account assets
$492Bank premises and fixed assets
$276Other real estate owned
$0Goodwill and other intangibles
$35,674Life insurance assets
$637All other assets
$32,897Total liabilities and capital
$32,617Total liabilities
$26,745Total deposits
$32,617Interest-bearing deposits
$98Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$52Trading liabilities
$0Other borrowed funds
$228Subordinated debt
$2,777All other liabilities
$2,777Total equity capital
$2,777Total bank equity capital
$0Perpetual preferred stock
$300Common stock
$2,200Surplus
$277Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$322Long-term assets (5+ years)
$32,956Average Assets, year-to-date
$6,525Average Assets, quarterly
$32,811Volatile liabilities
$34,119Insider loans
$17,580FHLB advances
$33,971Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$2,736Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$4,451Restructured Loans and leases
$31Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,646Total interest income
$390Total interest expense
$1,256Net interest income
$0Provision for loan and lease losses
$167Total noninterest income
$0Fiduciary activities
$112Service charges on deposit accounts
$0Trading account gains & fees
$55Additional noninterest income
$1,237Total noninterest expense
$745Salaries and employee benefits
$117Premises and equipment expense
$375Additional noninterest expense
$186Pre-tax net operating income
-$1Securities gains (losses)
$58Applicable income taxes
$127Income before extraordinary items
$0Extraordinary gains - net
$127Net income attributable to bank
$0Net charge-offs
$127Cash dividends
-$65Sale, conversion, retirement of capital stock, net
$20Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.60%Yield on earning assets
1.33%Cost of funding earning assets
4.27%Net interest margin
0.57%Noninterest income to earning assets
4.21%Noninterest expense to earning assets
0.39%Net operating income to assets
0.39%Return on assets (ROA)
0.56%Pretax return on assets
4.69%Return on equity (ROE)
3.95%Retained earnings to average equity (YTD only)
-0.34%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
86,929Assets per employee
2.97%Cash dividends to net income (YTD only)
Condition Ratios (%)
15.75%Loss allowance to loans
1.67%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.77%Noncurrent loans to loans
0.00%Net loans and leases to deposits
56.56%Net loans and leases to core deposits
57.46%Equity capital to assets
7.78%Core capital (leverage) ratio
8.05%Tier 1 risk-based capital ratio
15.56%Total risk-based capital ratio
Memoranda
$17Average assets
$32,811Average earning assets
$2,707Average equity
$29,410Average loans
List of branches
1 Montana Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
40251
Valley Bank
110 Sixth Street South, Glasgow, MT 59230
June 09, 1989
Full Service Brick and Mortar
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