Valley Bank

Report generated from DepositInsuredBanks.com
DepositInsuredBanks.com


Overview

FDIC Cert 27518
Address
110 Sixth Street South, Glasgow, MT 59230
FDIC Unique Number 40251
Federal Reserve ID 1401891
Federal Reserve ID for Bank Holding Company 2807100
OCC Charter Number 0
OTS Docket Number Not available or not applicable
MSA
County Valley
Website http://www.valleybankglasgow.com
Established On 06/09/1989
Insured On 06/09/1989
Holding Company Milk River Banquo, Inc.
Regulator Federal Reserve Board
Asset Concentration Agricultural Specialization
Ownership Type
Domestic Offices 1
Foreign Offices
Bank Charter Class SM - Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)

Recent Changes

Merge BIF and SAIF Funds into DIF

Financial Snapshot

USD, Thousands
Total Assets 37,866
Total Deposits 30,816
Domestic Deposits 30,816
Bank Equity Capital 3,674
Year to Date Quarterly
Net Income USD, 000 244 88
Return on Assets 0.87% 0.93%
Return on Equity 9.21% 9.71%
Pre-Tax Return on Assets 1.36% 1.5%
as of 09/30/2015

Financial Health

As of 09/30/2015
Low Risk

The Texas ratio is a measure of a bank's credit troubles. It is a way to measure how risky a bank is. The higher the Texas ratio, the more severe the credit troubles. Any bank with a TX Ratio near or greater than 100% is considered at risk. Developed by Gerard Cassidy and others at RBC Capital Markets, it is calculated by dividing the value of the lender's non-performing assets (Non performing loans + Real Estate Owned) by the sum of its tangible common equity capital and loan loss reserves.

Valley Bank has a texas ratio of 7.77 which puts it at low risk. As of 09/30/2015 the bank had $0 Non Current Loans and Leases, $300 Other Real Estate Owned, $3,674 Total Equity Capital and $185 Loan Loss Allowance.

Historical Texas Ratios

Date Non Current Loans and Leases Other Real Estate Owned Total Equity Capital Loan Loss Allowance TX Ratio
09/30/2015 $0 $300 $3,674 $185 7.77
06/30/2015 $0 $300 $3,573 $163 8.03
03/31/2015 $19 $300 $3,491 $147 8.77
12/31/2014 $207 $300 $3,391 $339 13.59
09/30/2014 $205 $209 $3,318 $332 11.34
06/30/2014 $88 $209 $3,220 $326 8.38
03/31/2014 $85 $485 $3,020 $326 17.04
12/31/2013 $209 $276 $2,929 $326 14.9
09/30/2013 $215 $276 $3,002 $332 14.73
06/30/2013 $0 $276 $2,914 $332 8.5
03/31/2013 $14 $276 $2,961 $330 8.81
12/31/2012 $24 $276 $2,915 $339 9.22
09/30/2012 $0 $276 $2,971 $338 8.34
06/30/2012 $0 $276 $2,873 $320 8.64
03/31/2012 $125 $276 $2,810 $319 12.82
12/31/2011 $126 $276 $2,777 $313 13.01
09/30/2011 $0 $276 $2,737 $273 9.17
06/30/2011 $259 $286 $2,712 $256 18.36
03/31/2011 $3 $430 $2,679 $251 14.78
12/31/2010 $23 $719 $2,630 $248 25.78
09/30/2010 $84 $719 $2,647 $194 28.26
06/30/2010 $134 $719 $2,590 $186 30.73
03/31/2010 $84 $839 $2,556 $177 33.77
12/31/2009 $165 $839 $2,535 $268 35.82
09/30/2009 $149 $839 $2,318 $261 38.31
06/30/2009 $516 $459 $2,333 $171 38.94
03/31/2009 $1,205 $243 $2,770 $208 48.62

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Assets and Liabilities

Figures in USD, Thousands 09/30/2015 06/30/2015 03/31/2015 12/31/2014 09/30/2014 Charts
Total employees (full-time equivalent) 10 13 12 11 12 Chart
Total Assets 37,866 38,104 36,898 36,868 37,078 Chart
Cash & Balances due from depository institutions 2,810 3,365 4,521 5,726 3,469 Chart
Interest-bearing balances 2,074 2,075 3,590 4,810 2,525 Chart
Securities 7,088 7,494 7,522 6,485 6,502 Chart
Federal funds sold and reverse repurchase 0 0 0 0 0 Chart
Net loans and leases 26,444 25,805 23,614 23,326 25,774 Chart
Loan loss allowance 185 163 147 339 332 Chart
Trading account assets 0 0 0 0 0 Chart
Bank premises and fixed assets 420 433 436 450 466 Chart
Other real estate owned 300 300 300 300 209 Chart
Goodwill and other intangibles 0 0 0 0 0 Chart
All other assets 804 707 505 581 658 Chart
Total Liabilities and Capital 37,866 38,104 36,898 36,868 37,078 Chart
Total Liabilities 34,192 34,531 33,407 33,477 33,760 Chart
Total deposits 30,816 30,885 32,905 33,117 33,409 Chart
Interest-bearing deposits 25,415 25,584 26,750 26,355 27,020 Chart
Deposits held in domestic offices 30,816 30,885 32,905 33,117 33,409 Chart
% insured (estimated) 98% 99% 95% 96% 94% Chart
Federal funds purchased and repurchase agreements 2,836 3,161 0 0 0 Chart
Trading liabilities 0 0 0 0 0 Chart
Other borrowed funds 366 366 376 91 30 Chart
Subordinated debt 0 0 0 0 0 Chart
All other liabilities 174 119 126 269 321 Chart
Total equity capital 3,674 3,573 3,491 3,391 3,318 Chart
Bank equity capital 3,674 3,573 3,491 3,391 3,318 Chart
Perpetual preferred stock 0 0 0 0 0 Chart
Common stock 300 300 300 300 300 Chart
Surplus 2,200 2,200 2,200 2,200 2,200 Chart
Undivided profits 1,174 1,073 991 891 818 Chart
Equity, minor interest in consolidated subs 0 0 0 0 0 Chart
Memoranda
Noncurrent loans and leases 0 0 19 207 205 Chart
Noncurrent loans which are wholly or partially guaranteed by the U.S. 0 0 0 0 0 Chart
Income earned, not collected on loans 440 332 298 352 425 Chart
Earning assets 35,606 35,374 34,726 34,621 34,801 Chart
Long-term assets (5+ years) 6,874 6,284 10,127 7,944 7,224 Chart
Average total assets 37,434 37,290 36,883 36,455 36,351 Chart
Average assets, quarterly 37,985 37,501 36,883 36,973 36,982 Chart
Total risk weighted assets adjusted 23,680 23,408 24,466 22,055 23,944 Chart
Adjusted average assets for leverage capital purposes 38,011 37,058 37,616 37,284 36,900 Chart
Life insurance assets 0 0 0 0 0 Chart
General account life insurance assets 0 0 0 0 0 Chart
Separate account life insurance assets 0 0 0 0 0 Chart
Hybrid life insurance assets 0 0 0 0 0 Chart
Volatile liabilities 3,672 3,997 1,637 1,352 1,287 Chart
Insider loans 27 29 29 11 12 Chart
FHLB advances 0 0 0 0 0 Chart
Loans and leases held for sale 0 0 0 0 0 Chart
Unused loan commitments 4,358 4,464 6,762 6,334 4,073 Chart
Tier one (core) capital 3,650 3,573 3,468 3,406 3,329 Chart
Tier 2 Risk-based capital 185 163 147 276 300 Chart
Total unused commitments 4,358 4,464 6,762 6,334 4,073 Chart
Derivatives 0 0 0 0 0 Chart

Income and Expenses

Figures in USD, Thousands 09/30/2015 06/30/2015 03/31/2015 12/31/2014 09/30/2014 Charts
Total interest income 1,418 920 441 1,839 1,370 Chart
Total interest expense 205 135 64 251 192 Chart
Net interest income 1,213 785 377 1,588 1,178 Chart
Provision for loan and lease losses 45 30 15 20 5 Chart
Total noninterest income 142 93 41 363 305 Chart
Gross Fiduciary activities income 0 0 0 0 0 Chart
Service charges on deposit accounts 74 48 18 105 75 Chart
Trading account gains and fees 0 0 0 0 0 Chart
Additional Noninterest Income 68 45 23 258 230 Chart
Total noninterest expense 928 608 308 1,283 946 Chart
Salaries and employee benefits 536 353 178 771 563 Chart
Premises and equipment expense 95 65 33 134 100 Chart
Additional noninterest expense 297 190 97 378 283 Chart
Pre-tax net operating income 382 240 95 648 532 Chart
Securities gains (losses) 0 0 0 1 1 Chart
Applicable income taxes 138 84 33 236 196 Chart
Income before extraordinary items 244 156 62 413 337 Chart
Extraordinary gains, net 0 0 0 0 0 Chart
Net income 244 156 62 413 337 Chart
Minority interest net income 0 0 0 0 0 Chart
Net income of bank and minority interests 244 156 62 413 337 Chart
Net charge-offs 199 206 207 7 -1 Chart
Cash dividends 0 0 0 0 0 Chart
Sale, conversion, retirement of capital stock, net 0 0 0 0 0 Chart
Net operating income 244 156 62 412 336 Chart

Securities

Figures in USD, Thousands 09/30/2015 06/30/2015 03/31/2015 12/31/2014 09/30/2014 Charts
Total securities 7,088 7,494 7,522 6,485 6,502 Chart
U.S. Government securities 6,312 6,706 6,726 5,699 5,715 Chart
U.S. Treasury securities 400 400 400 397 0 Chart
U.S. Government agency obligations 5,912 6,306 6,326 5,302 5,715 Chart
Securities issued by states & political subdivisions 776 788 796 786 787 Chart
Other domestic debt securities 0 0 0 0 0 Chart
Privately issued residential mortgage-backed securities 0 0 0 0 0 Chart
Commercial mortgage-backed securities - Total 0 0 0 0 0 Chart
Asset backed securities 0 0 0 0 0 Chart
Structured financial products - Total 0 0 0 0 0 Chart
Other domestic debt securities - All other 0 0 0 0 0 Chart
Foreign debt securities 0 0 0 0 0 Chart
Equity securities 0 0 0 0 0 Chart
Assets held in trading accounts for TFR Reporters 0 0 0 0 0 Chart
General valuation allowances for securities for TFR Reporters 0 0 0 0 0 Chart
Memoranda
Pledged securities 799 1,051 1,058 1,055 1,057 Chart
Mortgage-backed securities 0 0 0 0 0 Chart
Certificates of participation in pools of residential mortgages 0 0 0 0 0 Chart
Issued or guaranteed by U.S. 0 0 0 0 0 Chart
Privately issued 0 0 0 0 0 Chart
Collaterized mortgage obligations 0 0 0 0 0 Chart
CMOs issued by government agencies or sponsored agencies 0 0 0 0 0 Chart
Privately issued 0 0 0 0 0 Chart
Commercial mortgage-backed securities 0 0 0 0 0 Chart
Commercial mortgage pass-through securities 0 0 0 0 0 Chart
Other commercial mortgage-backed securities 0 0 0 0 0 Chart
Held to maturity securities (book value) 0 0 0 0 0 Chart
Available-for-sale securities (fair market value) 7,088 7,494 7,522 6,485 6,502 Chart
Total debt securities 7,088 7,494 7,522 6,485 6,502 Chart
Structured Notes
Amortized cost 0 0 0 0 0 Chart
Fair value 0 0 0 0 0 Chart
Trading account assets 0 0 0 0 0 Chart
Revaluation gains on off-balance sheet contracts 0 0 0 0 0 Chart
Revaluation losses on off-balance sheet contracts 0 0 0 0 0 Chart

Performance and Condition Ratios

Figures in USD, Thousands 09/30/2015 06/30/2015 03/31/2015 12/31/2014 09/30/2014 Charts
% of unprofitable institutions N/A N/A N/A N/A N/A Chart
% of insitutions with earnings gains N/A N/A N/A N/A N/A Chart
Performance Ratios (%, annualized)
Yield on earning assets 5.39% 5.27% 5.09% 5.39% 5.38% Chart
Cost of funding earning assets 0.78% 0.77% 0.74% 0.74% 0.75% Chart
Net interest margin 4.61% 4.50% 4.35% 4.66% 4.62% Chart
Noninterest income to average assets 0.51% 0.50% 0.44% 1.00% 1.12% Chart
Noninterest expense to average assets 3.31% 3.26% 3.34% 3.52% 3.47% Chart
Loan and lease loss provision to assets 0.16% 0.16% 0.16% 0.05% 0.02% Chart
Net operating income to assets 0.87% 0.84% 0.67% 1.13% 1.23% Chart
Return on assets (ROA) 0.87% 0.84% 0.67% 1.13% 1.24% Chart
Pretax return on assets 1.36% 1.29% 1.03% 1.78% 1.95% Chart
Return on Equity (ROE) 9.21% 8.95% 7.21% 13.01% 14.39% Chart
Retained earnings to average equity (YTD only) 9.21% 8.95% 7.21% 13.01% 14.39% Chart
Net charge-offs to loans 1.06% 1.68% 3.49% 0.03% -0.01% Chart
Credit loss provision to net charge-offs 22.61% 14.56% 7.25% 285.71% -500.00% Chart
Earnings coverage of net charge-offs (x) 2.15% 1.31% 0.53% 95.43% 0.00% Chart
Efficiency ratio 68.49% 69.25% 73.68% 65.76% 63.79% Chart
Assets per employee ($millions) 3.79% 2.93% 3.07% 3.35% 3.09% Chart
Cash dividends to net income (YTD only) 0.00% 0.00% 0.00% 0.00% 0.00% Chart
Condition Ratios (%)
Loss allowance to loans 0.69% 0.63% 0.62% 1.43% 1.27% Chart
Loan loss allowance to noncurrent loans 0.00% 0.00% 773.68% 163.77% 161.95% Chart
Noncurrent assets plus other real estate owned to assets 0.79% 0.79% 0.86% 1.38% 1.12% Chart
Noncurrent loans to loans 0.00% 0.00% 0.08% 0.87% 0.79% Chart
Net loans and leases to total assets 69.84% 67.72% 64.00% 63.27% 69.51% Chart
Net loans and leases to deposits 85.81% 83.55% 71.76% 70.44% 77.15% Chart
Net loans and leases to core deposits 87.40% 85.10% 74.62% 73.22% 80.16% Chart
Total domestic deposits to total assets 81.38% 81.05% 89.18% 89.83% 90.10% Chart
Equity capital to assets 9.70% 9.38% 9.46% 9.20% 8.95% Chart
Core capital (leverage) ratio 9.60% 9.64% 9.22% 9.14% 9.02% Chart
Tier 1 risk-based capital ratio 15.41% 15.26% 14.17% 15.44% 13.90% Chart
Total risk-based capital ratio 16.20% 15.96% 14.78% 16.69% 15.16% Chart
Memoranda
Average total assets 37,434 37,290 36,883 36,455 36,351 Chart
Average earning assets 35,082 34,907 34,674 34,102 33,973 Chart
Average equity 3,532 3,485 3,441 3,176 3,122 Chart
Average loans 25,006 24,465 23,713 24,171 24,297 Chart