Glacier Bank

Report generated from DepositInsuredBanks.com
DepositInsuredBanks.com


Overview

FDIC Cert 30788
Address
49 Commons Loop, Kalispell, MT 59901
FDIC Unique Number 43622
Federal Reserve ID 2634191
Federal Reserve ID for Bank Holding Company 2003975
OCC Charter Number 0
OTS Docket Number 5918
MSA
County Flathead
Website http://www.glacierbank.com
Established On 07/15/1955
Insured On 07/15/1955
Holding Company Glacier Bancorp, Inc.
Regulator Federal Deposit Insurance Corporation
Asset Concentration Commercial Lending Specialization
Ownership Type
Domestic Offices 131
Foreign Offices
Bank Charter Class NM - Commercial bank, state charter and Fed nonmember, supervised by the FDIC

Recent Changes

Participated in Absorption/Consolidation/Merger

Financial Snapshot

USD, Thousands
Total Assets 8,742,945
Total Deposits 6,722,746
Domestic Deposits 6,722,746
Bank Equity Capital 1,153,240
Year to Date Quarterly
Net Income USD, 000 92,105 31,273
Return on Assets 1.44% 1.45%
Return on Equity 10.76% 10.86%
Pre-Tax Return on Assets 1.88% 1.92%
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.

Glacier Bank has a texas ratio of 5.89 which puts it at low risk. As of 09/30/2015 the bank had $58,697 Non Current Loans and Leases, $16,927 Other Real Estate Owned, $1,153,240 Total Equity Capital and $130,768 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 $58,697 $16,927 $1,153,240 $130,768 5.89
06/30/2015 $57,735 $17,183 $1,151,031 $130,519 5.85
03/31/2015 $63,011 $18,286 $1,148,099 $129,856 6.36
12/31/2014 $62,381 $18,136 $1,111,123 $129,753 6.49
09/30/2014 $69,978 $19,011 $1,122,819 $130,632 7.1
06/30/2014 $77,931 $17,806 $1,075,565 $130,636 7.9399999999999995
03/31/2014 $79,482 $18,955 $1,050,264 $130,729 8.34
12/31/2013 $82,668 $18,493 $1,030,517 $130,351 8.71
09/30/2013 $88,475 $27,594 $1,013,996 $130,765 10.14
06/30/2013 $89,734 $28,902 $980,026 $130,883 10.68
03/31/2013 $91,422 $30,424 $960,737 $130,835 11.16
12/31/2012 $98,427 $29,472 $954,717 $130,854 11.78
09/30/2012 $119,133 $54,435 $962,323 $136,660 15.79
06/30/2012 $129,736 $63,795 $948,154 $137,459 17.83
03/31/2012 $51,077 $8,439 $192,246 $34,105 26.29
12/31/2011 $49,040 $10,078 $190,359 $35,336 26.19
09/30/2011 $58,367 $9,225 $187,417 $35,853 30.27
06/30/2011 $51,249 $10,499 $180,586 $37,320 28.34
03/31/2011 $55,134 $7,578 $174,583 $35,904 29.79
12/31/2010 $57,659 $7,999 $172,224 $34,701 31.73
09/30/2010 $62,414 $6,457 $169,738 $34,936 33.65
06/30/2010 $64,449 $5,474 $164,453 $37,817 34.57
03/31/2010 $68,886 $6,381 $161,008 $37,618 37.89
12/31/2009 $73,461 $6,774 $139,800 $38,978 44.88
09/30/2009 $75,712 $7,579 $141,873 $35,835 46.87
06/30/2009 $48,574 $4,953 $136,397 $28,765 32.41
03/31/2009 $26,487 $3,107 $132,878 $22,596 19.03

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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) 1,952 1,973 1,915 1,863 1,868 Chart
Total Assets 8,742,945 8,569,668 8,454,216 8,288,508 8,090,145 Chart
Cash & Balances due from depository institutions 240,625 355,719 183,466 443,021 281,770 Chart
Interest-bearing balances 133,553 231,132 69,667 316,906 161,761 Chart
Securities 3,182,779 2,955,100 3,114,329 2,908,369 2,880,882 Chart
Federal funds sold and reverse repurchase 2,210 0 0 1,025 488 Chart
Net loans and leases 4,786,107 4,730,112 4,611,944 4,405,069 4,393,995 Chart
Loan loss allowance 130,768 130,519 129,856 129,753 130,632 Chart
Trading account assets 0 0 0 0 0 Chart
Bank premises and fixed assets 181,092 182,747 182,900 176,213 175,654 Chart
Other real estate owned 16,927 17,183 18,286 18,136 19,011 Chart
Goodwill and other intangibles 141,624 142,344 143,099 140,605 141,323 Chart
All other assets 191,581 186,463 200,192 196,070 197,022 Chart
Total Liabilities and Capital 8,742,945 8,569,668 8,454,216 8,288,508 8,090,145 Chart
Total Liabilities 7,589,705 7,418,637 7,306,117 7,177,385 6,967,326 Chart
Total deposits 6,722,746 6,591,607 6,490,109 6,400,364 6,152,534 Chart
Interest-bearing deposits 4,826,981 4,856,366 4,811,865 4,763,908 4,554,905 Chart
Deposits held in domestic offices 6,722,746 6,591,607 6,490,109 6,400,364 6,152,534 Chart
% insured (estimated) 74% 74% 76% 74% 77% Chart
Federal funds purchased and repurchase agreements 441,041 408,935 425,652 397,107 367,213 Chart
Trading liabilities 0 0 0 0 0 Chart
Other borrowed funds 335,918 336,135 304,851 304,255 374,217 Chart
Subordinated debt 0 0 0 0 0 Chart
All other liabilities 90,000 81,960 85,505 75,659 73,362 Chart
Total equity capital 1,153,240 1,151,031 1,148,099 1,111,123 1,122,819 Chart
Bank equity capital 1,153,240 1,151,031 1,148,099 1,111,123 1,122,819 Chart
Perpetual preferred stock 0 0 0 0 0 Chart
Common stock 20 20 20 20 20 Chart
Surplus 834,399 834,034 833,644 810,659 810,307 Chart
Undivided profits 318,821 316,977 314,435 300,444 312,492 Chart
Equity, minor interest in consolidated subs 0 0 0 0 0 Chart
Memoranda
Noncurrent loans and leases 58,697 57,735 63,011 62,381 69,978 Chart
Noncurrent loans which are wholly or partially guaranteed by the U.S. 976 1,003 1,002 923 1,482 Chart
Income earned, not collected on loans 46,787 44,562 43,267 40,587 42,980 Chart
Earning assets 8,104,649 7,916,344 7,795,940 7,631,369 7,437,126 Chart
Long-term assets (5+ years) 4,517,759 4,202,741 4,176,499 4,007,157 3,765,570 Chart
Average total assets 8,513,834 8,437,464 8,371,362 7,986,894 7,911,490 Chart
Average assets, quarterly 8,656,306 8,511,942 8,371,362 8,189,326 7,981,106 Chart
Total risk weighted assets adjusted 6,314,173 6,166,425 6,036,690 5,609,240 5,602,310 Chart
Adjusted average assets for leverage capital purposes 8,427,947 8,293,748 8,061,387 7,923,453 7,727,344 Chart
Life insurance assets 49,223 48,886 48,657 46,030 47,210 Chart
General account life insurance assets 43,707 43,406 43,212 40,622 41,843 Chart
Separate account life insurance assets 0 0 0 5,408 0 Chart
Hybrid life insurance assets 5,516 5,480 5,445 0 5,367 Chart
Volatile liabilities 830,612 791,119 805,547 774,578 736,428 Chart
Insider loans 55,559 43,174 44,484 46,557 47,634 Chart
FHLB advances 329,299 329,470 298,148 296,944 366,866 Chart
Loans and leases held for sale 40,456 53,201 55,753 46,726 65,598 Chart
Unused loan commitments 1,018,840 941,452 920,826 900,977 914,512 Chart
Tier one (core) capital 1,005,229 1,005,303 992,414 952,815 958,865 Chart
Tier 2 Risk-based capital 79,606 77,742 76,132 70,854 70,779 Chart
Total unused commitments 1,018,840 941,452 920,826 900,977 914,512 Chart
Derivatives 649,272 636,720 620,374 378,406 355,704 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 241,142 159,158 78,965 306,195 228,686 Chart
Total interest expense 19,706 13,200 6,619 23,882 17,303 Chart
Net interest income 221,436 145,958 72,346 282,313 211,383 Chart
Provision for loan and lease losses 1,873 1,047 765 1,912 1,721 Chart
Total noninterest income 67,896 44,471 20,482 81,591 59,912 Chart
Gross Fiduciary activities income 0 0 0 0 0 Chart
Service charges on deposit accounts 19,100 12,254 5,775 25,707 19,096 Chart
Trading account gains and fees 0 0 0 0 0 Chart
Additional Noninterest Income 48,796 32,217 14,707 55,884 40,816 Chart
Total noninterest expense 167,077 110,628 53,133 204,701 151,280 Chart
Salaries and employee benefits 88,238 58,204 28,686 106,648 78,759 Chart
Premises and equipment expense 21,644 14,230 6,920 25,804 19,117 Chart
Additional noninterest expense 57,195 38,194 17,527 72,249 53,404 Chart
Pre-tax net operating income 120,382 78,754 38,930 157,291 118,294 Chart
Securities gains (losses) -124 -93 5 -188 -160 Chart
Applicable income taxes 28,153 17,829 9,229 38,954 29,364 Chart
Income before extraordinary items 92,105 60,832 29,706 118,149 88,770 Chart
Extraordinary gains, net 0 0 0 0 0 Chart
Net income 92,105 60,832 29,706 118,149 88,770 Chart
Minority interest net income 0 0 0 0 0 Chart
Net income of bank and minority interests 92,105 60,832 29,706 118,149 88,770 Chart
Net charge-offs 858 281 662 2,510 1,440 Chart
Cash dividends 64,000 32,000 16,000 78,500 42,000 Chart
Sale, conversion, retirement of capital stock, net 1,213 848 458 1,044 691 Chart
Net operating income 92,200 60,904 29,702 118,290 88,890 Chart

Securities

Figures in USD, Thousands 09/30/2015 06/30/2015 03/31/2015 12/31/2014 09/30/2014 Charts
Total securities 3,182,779 2,955,100 3,114,329 2,908,369 2,880,882 Chart
U.S. Government securities 1,239,103 1,047,813 1,167,548 1,074,513 1,119,822 Chart
U.S. Treasury securities 0 0 0 0 0 Chart
U.S. Government agency obligations 1,239,103 1,047,813 1,167,548 1,074,513 1,119,822 Chart
Securities issued by states & political subdivisions 1,582,824 1,551,397 1,566,431 1,518,966 1,419,530 Chart
Other domestic debt securities 280,808 262,310 280,640 209,551 227,160 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 280,808 262,310 280,640 209,551 227,160 Chart
Foreign debt securities 80,004 93,540 99,670 105,303 114,370 Chart
Equity securities 40 40 40 36 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 1,599,502 1,598,381 1,651,122 1,678,973 1,522,031 Chart
Mortgage-backed securities 1,090,997 915,587 1,036,468 1,052,523 1,110,539 Chart
Certificates of participation in pools of residential mortgages 515,230 273,965 270,218 193,535 202,960 Chart
Issued or guaranteed by U.S. 515,230 273,965 270,218 193,535 202,960 Chart
Privately issued 0 0 0 0 0 Chart
Collaterized mortgage obligations 575,302 640,620 765,236 857,967 906,601 Chart
CMOs issued by government agencies or sponsored agencies 575,302 640,620 765,236 857,967 906,601 Chart
Privately issued 0 0 0 0 0 Chart
Commercial mortgage-backed securities 465 1,002 1,014 1,021 978 Chart
Commercial mortgage pass-through securities 465 1,002 1,014 1,021 978 Chart
Other commercial mortgage-backed securities 0 0 0 0 0 Chart
Held to maturity securities (book value) 651,822 593,314 570,285 520,997 482,756 Chart
Available-for-sale securities (fair market value) 2,530,957 2,361,786 2,544,044 2,387,372 2,398,126 Chart
Total debt securities 3,182,739 2,955,060 3,114,289 2,908,333 2,880,882 Chart
Structured Notes
Amortized cost 0 0 7,656 8,121 8,605 Chart
Fair value 0 0 7,663 8,152 8,687 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 4.09% 4.09% 4.09% 4.17% 4.19% Chart
Cost of funding earning assets 0.33% 0.34% 0.34% 0.32% 0.32% Chart
Net interest margin 3.76% 3.75% 3.75% 3.84% 3.87% Chart
Noninterest income to average assets 1.06% 1.05% 0.98% 1.02% 1.01% Chart
Noninterest expense to average assets 2.62% 2.62% 2.54% 2.56% 2.55% Chart
Loan and lease loss provision to assets 0.03% 0.02% 0.04% 0.02% 0.03% Chart
Net operating income to assets 1.44% 1.44% 1.42% 1.48% 1.50% Chart
Return on assets (ROA) 1.44% 1.44% 1.42% 1.48% 1.50% Chart
Pretax return on assets 1.88% 1.86% 1.86% 1.97% 1.99% Chart
Return on Equity (ROE) 10.76% 10.70% 10.52% 10.96% 11.06% Chart
Retained earnings to average equity (YTD only) 3.28% 5.07% 4.85% 3.68% 5.83% Chart
Net charge-offs to loans 0.02% 0.01% 0.06% 0.06% 0.05% Chart
Credit loss provision to net charge-offs 218.30% 372.60% 115.56% 76.18% 119.51% Chart
Earnings coverage of net charge-offs (x) 142.49% 283.99% 59.96% 63.43% 83.34% Chart
Efficiency ratio 56.98% 57.31% 56.45% 55.48% 55.01% Chart
Assets per employee ($millions) 4.48% 4.34% 4.41% 4.45% 4.33% Chart
Cash dividends to net income (YTD only) 69.49% 52.60% 53.86% 66.44% 47.31% Chart
Condition Ratios (%)
Loss allowance to loans 2.66% 2.69% 2.74% 2.86% 2.89% Chart
Loan loss allowance to noncurrent loans 222.78% 226.07% 206.08% 208.00% 186.68% Chart
Noncurrent assets plus other real estate owned to assets 0.86% 0.87% 0.96% 0.97% 1.10% Chart
Noncurrent loans to loans 1.19% 1.19% 1.33% 1.38% 1.55% Chart
Net loans and leases to total assets 54.74% 55.20% 54.55% 53.15% 54.31% Chart
Net loans and leases to deposits 71.19% 71.76% 71.06% 68.83% 71.42% Chart
Net loans and leases to core deposits 77.46% 78.87% 78.33% 76.51% 79.20% Chart
Total domestic deposits to total assets 76.89% 76.92% 76.77% 77.22% 76.05% Chart
Equity capital to assets 13.19% 13.43% 13.58% 13.41% 13.88% Chart
Core capital (leverage) ratio 11.93% 12.12% 12.31% 12.03% 12.41% Chart
Tier 1 risk-based capital ratio 15.92% 16.30% 16.44% 16.99% 17.12% Chart
Total risk-based capital ratio 17.18% 17.56% 17.70% 18.25% 18.38% Chart
Memoranda
Average total assets 8,513,834 8,437,464 8,371,362 7,986,894 7,911,490 Chart
Average earning assets 7,862,076 7,781,218 7,713,654 7,348,460 7,277,732 Chart
Average equity 1,140,873 1,136,751 1,129,611 1,078,058 1,069,791 Chart
Average loans 4,763,532 4,712,418 4,638,311 4,310,601 4,254,546 Chart