The First National Bank Of Morgan
Morgan, UT — Domestic Branch of a Domestic Bank
Acquired Feb 2009
Vitals
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Total Assets100.3M 5.5 %
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Total Deposits70.9M -3.4 %
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Total Net Loans60.7M 16.1 %
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Net Income598000.0000 -42.2 %
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Book Value23.6M 15.2 %
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Book Value x247.3M 15.2 %
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Book Value x370.9M 15.2 %
Balance Sheet Highlights
Financial Highlights | The First National Bank Of Morgan | All Insured Commercial Banks in Utah |
Balance Sheet $(000) | ||
Total Assets | 100,285 | 2,826,791 |
Total Net Loans | 60,731 | 2,587,599 |
Total Deposits | 70,885 | 2,983,743 |
Total Equity | 23,642 | 275,936 |
Profitability | ||
Net Income | 598 | 30,435 |
Return on Average Assets | .615 | 9.748 |
Return on Average Equity | 2.839 | 30.329 |
Net Interest Margin | 4.232 | 4.587 |
Efficiency Ratio | 67.472 | 67.311 |
Noninterest Income/Revenue | 10.538 | 38.865 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 85.675 | 89.67 |
Securities/Assets | .204 | .128 |
Total Equity/Total Assets | .236 | .098 |
Tangible Equity/Tangible Assets | .121 | -.302 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 12,231 | 282,331 |
Tier 2 Capital | 881 | 74,704 |
Total Capital | 13,112 | 319,699 |
Total Risk Weighted Assets | 70,329 | 2,120,935 |
Leverage Ratio | 13.23 | 12.481 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 17.39 | 16.763 |
Total Capital Ratio | 18.64 | 18.08 |
Timeline for The First National Bank Of Morgan
1St Bank
The First National Bank Of Morgan was acquired by 1St Bank 15 years
View Profile Feb 01 2009Glacier Bancorp, Inc.
Glacier Bancorp, Inc. became a new parent organization for The First National Bank Of Morgan.
View Profile Aug 31 2006The First National Bank Of Morgan
The First National Bank Of Morgan was established 121 years ago and is currently headquartered in Morgan, UT.
Jan 01 1903Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
1St Bank | Buyer | 768,016 | Pooling of Interests | Discontinued | 2/1/2009 |
Relationships | Role | Relationship Start | Relationship End |
Glacier Bancorp, Inc. | Parent | 8/31/2006 | 1/31/2009 |
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