Platte Valley Bank is headquartered in TORRINGTON and is the 5th largest bank in the state of Wyoming. It is also the 1,357th largest bank in the nation. It was established in 1925 and as of March of 2023, it had grown to 70 employees at 6 locations. Platte Valley Bank has an A health rating.
Platte Vally Bank
I have been with Platte Valley Bank for many years. They are less than a mile from my home so it is very convenient for me. I have dealt with them when I was trying to buy a property that I was going to pay for out right and they had to write me a letter to the real estate company letting them know I had enough to cover the cost and I went in and asked them for it and the bank manager wrote it and signed it himself with his contact info if needed. I have talked to them about potential loans if I needed them and they have been very accommodating as well. One of my favorite things is that most all the employees know me by name when I come in to the bank. That is a real great part of going to a small community bank. I small community bank knows most of their regular customers even if that customer does not have a ton of money with them.
Data as of Q1 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 5442 |
| Year Established | 1925 |
| Employees | 70 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.39% |
| Return on Equity - YTD | 15.76% |
| Annual Interest Income | $8.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2023vs Q1 2022 | $673.8MM$577.7MM |
| Loans | Q1 2023vs Q1 2022 | $567.3MM$442.6MM |
| Deposits | Q1 2023vs Q1 2022 | $565.3MM$515.1MM |
| Equity Capital | Q1 2023vs Q1 2022 | $57.8MM$53.5MM |
| Loan Loss Allowance | Q1 2023vs Q1 2022 | $9.5MM$9.8MM |
| Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $5.7MM$7.0MM |
| Real Estate Owned | Q1 2023vs Q1 2022 | $0$0 |