Valley Bank of Belgrade in Belgrade, Montana (MT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 2003

Valley Bank of Belgrade in Belgrade, Montana (MT)
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Valley Bank of Belgrade - Overview

General
FDIC Certificate #: 15276
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Flathead Bank of Bigfork, Montana (#20382)
Federal Reserve ID: 781158
Date Established: May 06, 1902
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
OTS Docket #: 10986
FDIC's unique #: 9621
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: September 03, 1935
Last Structure Change Effective Date: January 01, 2003
Last Structure Change Process Date: January 31, 2003
Last Data Update: January 31, 2003
Data Source Date: April 05, 2012
Location
Address: 100 North Broadway, Belgrade, MT 59714
County: Gallatin
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
Core Based Statistical Area (CBSA): Bozeman, MT (#14580)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $56.6 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, 2002)

Dollar figures in thousands
29Total employees (full-time equivalent)
$56,597Total assets
$2,573Cash and due from depository institutions
$18Interest-bearing balances
$10,705Securities
$3,100Federal funds sold & reverse repurchase agreements
$34,035Net loans & leases
$603Loan loss allowance
$0Trading account assets
$2,631Bank premises and fixed assets
$0Other real estate owned
$2,982Goodwill and other intangibles
$0Life insurance assets
$571All other assets
$56,597Total liabilities and capital
$48,486Total liabilities
$47,707Total deposits
$37,919Interest-bearing deposits
$47,707Deposits held in domestic offices
0.00%% insured (estimated)
$592Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$187All other liabilities
$8,111Total equity capital
$8,111Total bank equity capital
$8,111Perpetual preferred stock
$0Common stock
$280Surplus
$7,207Undivided profits
Memoranda
$624Noncurrent loans and leases
$3,706Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$451Earning assets
$0Long-term assets (5+ years)
$307Average Assets, year-to-date
$47,858Average Assets, quarterly
$17,808Volatile liabilities
$52,582Insider loans
$56,471FHLB advances
$4,667Loans and leases held for sale
$136Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,706Total unused commitments
$0Restructured Loans and leases
$479Derivatives

Income and Expense (December 31, 2002)

Dollar figures in thousands
$3,618Total interest income
$806Total interest expense
$2,812Net interest income
$403Provision for loan and lease losses
$436Total noninterest income
$0Fiduciary activities
$252Service charges on deposit accounts
$0Trading account gains & fees
$184Additional noninterest income
$1,981Total noninterest expense
$1,071Salaries and employee benefits
$282Premises and equipment expense
$628Additional noninterest expense
$864Pre-tax net operating income
$32Securities gains (losses)
$368Applicable income taxes
$528Income before extraordinary items
$0Extraordinary gains - net
$528Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$315Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2002)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.22%Yield on earning assets
1.83%Cost of funding earning assets
6.39%Net interest margin
0.99%Noninterest income to earning assets
4.50%Noninterest expense to earning assets
0.97%Net operating income to assets
1.00%Return on assets (ROA)
1.70%Pretax return on assets
6.76%Return on equity (ROE)
6.76%Retained earnings to average equity (YTD only)
0.92%Net charge-offs to loans
127.94%Credit loss provision to net charge-offs
4.02%Efficiency ratio
60,991Assets per employee
1.95%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.74%Loss allowance to noncurrent loans
133.70%Noncurrent assets plus other real estate owned to assets
0.80%Noncurrent loans to loans
1.30%Net loans and leases to deposits
71.34%Net loans and leases to core deposits
78.00%Equity capital to assets
14.33%Core capital (leverage) ratio
9.25%Tier 1 risk-based capital ratio
13.17%Total risk-based capital ratio
Memoranda
$14Average assets
$52,582Average earning assets
$7,815Average equity
$44,038Average loans

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