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Valley Bank of Glasgow

Glasgow, MT · Cert 27518

FDIC · 1 branch

Q3 2019

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q3 2019, the quarter ended September 30, 2019, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Valley Bank of Glasgow

Glasgow, MT · Cert 27518

FDIC · 1 branch

Q3 2019

$36.6MAssets
$25.5MLoans
$33.1MDeposits
$3.3MEquity
Loan mix
76%RE $13.4M13%C&I $2.3M10%Consumer $1.8MQ3 2018Q3 2019
Deposit mix
79%Interest-bearing $26.2M21%Noninterest $6.9MQ3 2018Q3 2019

NIM

5.35%Q3 ’174.80%Q3 ’185.17%Q3 ’19-11%+6%

Non-interest income vs. expense

3.64%Q3 ’173.13%Q3 ’183.72%Q3 ’19-20%+27%

Executive Summary

  • Earnings: ROA of 0.49%, down 57 bps year over year; NIM at 4.34%.
  • Asset quality: problem loans at 0.00% of loans (-106 bps YoY), with net charge-offs at 0.26%.
  • Capital: tier 1 leverage ratio of 8.57%, down 159 bps from a year ago.
  • Funding: loans stand at 77.02% of deposits as of Q3 2019.

Financial Results

Return on Assets (YTD, annualized)

0.49%-57 bps YoY

Net Interest Margin (YTD, annualized)

4.34%+26 bps YoY

Efficiency Ratio (YTD, annualized)

74.47%+920 bps YoY

Tier 1 Leverage Ratio

8.57%-159 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2018Q4 2018Q1 2019Q2 2019Q3 2019YoY ΔTrend
Earnings
Return on Assets1.06%1.06%0.75%0.94%0.49%-57 bps
Return on Equity11.11%10.94%7.06%8.67%4.71%-641 bps
Net Interest Margin4.08%4.17%3.90%4.08%4.34%+26 bps
Efficiency Ratio65.28%65.17%71.21%66.49%74.47%+920 bps
Non-Interest Burden2.41%2.48%2.61%2.52%3.06%+65 bps
Growth
Asset Growth (YoY)7.26%1.30%-1.71%-10.33%-9.42%-1,668 bps
Loan Growth (YoY)-4.50%1.96%-6.93%-1.04%-4.79%-29 bps
Deposit Growth (YoY)7.25%0.21%-3.09%-12.56%-8.41%-1,566 bps
Asset Quality
Nonperforming Loans / Loans1.06%0.79%0.20%0.04%0.00%-106 bps
Net Charge-Offs / Loans0.60%0.38%0.58%0.39%0.26%-34 bps
Allowance / Loans0.82%1.11%1.12%1.14%1.57%+75 bps
Allowance Coverage of NPLs0.8x1.4x5.6x31.9xn/an/a
Capital
Tier 1 Leverage Ratio10.16%10.46%10.74%11.13%8.57%-159 bps
Total Risk-Based Capital20.41%21.97%23.16%22.48%16.67%-374 bps
Equity / Assets10.05%10.46%10.81%11.31%8.91%-114 bps
Liquidity & Funding
Loans / Deposits74.10%69.34%68.29%72.49%77.02%+292 bps
Liquid Assets / Assets20.37%24.95%26.54%23.43%16.59%-378 bps
CRE / Total Capitaln/an/an/an/an/an/an/a