OTCPK:IDFB

Stock Analysis Report

Executive Summary

Idaho First Bank provides a range of banking services to commercial and consumer customers in southwestern Idaho.

Snowflake

Fundamentals

Flawless balance sheet and overvalued.

Share Price & News

How has Idaho First Bank's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

4.8%

IDFB

1.4%

US Banks

1.0%

US Market


1 Year Return

-9.3%

IDFB

0.2%

US Banks

6.7%

US Market

Return vs Industry: IDFB underperformed the US Banks industry which returned 0.2% over the past year.

Return vs Market: IDFB underperformed the US Market which returned 6.7% over the past year.


Share holder returns

IDFBIndustryMarket
7 Day4.8%1.4%1.0%
30 Day-2.5%-2.6%-1.8%
90 Dayn/a0.8%-1.8%
1 Year-9.3%-9.3%3.1%0.2%9.1%6.7%
3 Year20.9%20.9%52.0%41.5%46.1%36.6%
5 Year-15.0%-15.0%69.7%51.2%66.9%48.6%

Price Volatility Vs. Market

How volatile is Idaho First Bank's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Idaho First Bank undervalued based on future cash flows and its price relative to the stock market?

21.05x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Undervalued: Insufficient data to calculate IDFB's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate IDFB's fair value to establish if it is undervalued.


Price Based on Earnings

PE vs Industry: IDFB is poor value based on its PE Ratio (21.1x) compared to the Banks industry average (12.5x).

PE vs Market: IDFB is poor value based on its PE Ratio (21.1x) compared to the US market (17.5x).


Price Based on Expected Growth

Low PEG Ratio: Insufficient data to calculate IDFB's PEG Ratio to determine if it is good value.


Price Based on Value of Assets

PB vs Industry: IDFB is good value based on its PB Ratio (1x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is Idaho First Bank expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

1.3%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Idaho First Bank has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

  • Examine Idaho First Bank's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Idaho First Bank's filings and announcements here.
  • Explore growth companies in the Banks industry.

Past Performance

How has Idaho First Bank performed over the past 5 years?

-47.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: IDFB's earnings have declined by -47.2% per year over the past 5 years.

Accelerating Growth: IDFB has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: IDFB has become profitable in the last year, making it difficult to compare its past year earnings growth to the Banks industry (31.8%).


Return on Equity

High ROE: IDFB's Return on Equity (5%) is considered low.


Return on Assets

ROA vs Industry: IDFB's Return on Assets is below or equal to the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate IDFB's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is Idaho First Bank's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: IDFB has a low level of unsold assets or inventory.

Debt Coverage by Assets: IDFB's debt is covered by short term assets (assets are 3.973960x debt).


Financial Institutions Analysis

Asset Level: IDFB's level of assets compared to its equity is moderate.

Allowance for Bad Loans: IDFB has a sufficient allowance for bad loans.

Low Risk Liabilities: IDFB's liabilities are made up of primarily low risk sources of funding.

Loan Level: IDFB has an acceptable proportion of non-loan assets held.

Low Risk Deposits: IDFB's loans are broadly funded by customer deposits.

Level of Bad Loans: IDFB has an appropriate level of bad loans (0.27%)


Next Steps

Dividend

What is Idaho First Bank's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage2.5%forecastin3Yearsn/a

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: Unable to evaluate IDFB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate IDFB's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if IDFB's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if IDFB's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of IDFB's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of Idaho First Bank's salary, the management and board of directors tenure and is there insider trading?

1.6yrs

Average management tenure


CEO

P. Lovell (63yo)

14.8yrs

Tenure

US$207,710

Compensation

P. Greg Lovell is President and Chief Executive Officer of Idaho First Bank. Mr. Lovell has an extensive banking and bank consulting background. He is the former Chairman, Chief Executive Officer, and Pres ...


Management Age and Tenure

1.6yrs

Average Tenure

Experienced Management: IDFB's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.


Board Age and Tenure

8.8yrs

Average Tenure

62.5yo

Average Age

Experienced Board: IDFB's board of directors are considered experienced (8.8 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • P. Lovell (63yo)

    President & CEO

    • Tenure: 14.8yrs
    • Compensation: US$207.71k
  • Dave Dickey

    SVP & Area Market Leader

    • Tenure: 0yrs
  • Jim Latta

    Senior VP of Business Development & Commercial Relationship Manager

    • Tenure: 0yrs
  • Kathleen Lewis

    Executive VP & Chief Credit Officer

    • Tenure: 5.3yrs
  • Bobbi Mehringer

    Senior Vice President and Bank Administrator

    • Tenure: 0yrs
  • Aana Vannoy

    Senior VP & Area Executive

    • Tenure: 0.5yrs
  • Vicky Mills

    Chief Compliance Officer & VP

    • Tenure: 2.5yrs
  • Shannon Stoeger

    Senior VP & Chief Credit Administrator

    • Tenure: 0.8yrs
  • Stephen Speidel

    Senior VP & CFO

    • Tenure: 0.2yrs

Board Members

  • P. Lovell (63yo)

    President & CEO

    • Tenure: 14.8yrs
    • Compensation: US$207.71k
  • Jim Fletcher (75yo)

    Vice Chairman

    • Tenure: 0yrs
  • Andy Scoggin (57yo)

    Director

    • Tenure: 4.3yrs
  • Larry LaRocco (73yo)

    Director

    • Tenure: 0yrs
  • Mark Miller (48yo)

    Chairman of the Board

    • Tenure: 8.7yrs
  • Bill Rawlings

    Director

    • Tenure: 8.8yrs
  • Dan Krahn (62yo)

    Director

    • Tenure: 14.8yrs

Company Information

Idaho First Bank's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Idaho First Bank
  • Ticker: IDFB
  • Exchange: OTCPK
  • Founded: 2005
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$20.676m
  • Shares outstanding: 3.47m
  • Website: https://www.idahofirstbank.com

Location

  • Idaho First Bank
  • 475 East Deinhard Lane
  • McCall
  • Idaho
  • 83638
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IDFBOTCPK (Pink Sheets LLC)YesCommon StockUSUSDNov 2007

Biography

Idaho First Bank provides a range of banking services to commercial and consumer customers in southwestern Idaho. It offers personal and business deposit products, including checking, savings, and money ma ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 02:06
End of Day Share Price2019/10/10 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

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