1st Security Bank of Laurel in Laurel, Montana (MT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 01, 1999

1st Security Bank of Laurel in Laurel, Montana (MT)
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1st Security Bank of Laurel - Overview

General
FDIC Certificate #: 20662
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Citizens Bank of Billings (#19964)
Federal Reserve ID: 679152
Date Established: April 17, 1972
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 2 (Interstate: No)
FDIC's unique #: 14262
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: April 17, 1972
Last Structure Change Effective Date: July 01, 1999
Last Structure Change Process Date: November 05, 1999
Last Data Update: November 05, 1999
Data Source Date: April 05, 2012
Location
Address: 20 Montana Avenue, Laurel, MT 59044
County: Yellowstone
Quarterly Banking Profile Region: San Francisco
FDIC Geographic Region: San Francisco
FDIC Supervisory Region: San Francisco
FDIC Field Office: Billings
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: West
Metropolitan Statistical Area (MSA): Billings, MT (#880)
Core Based Statistical Area (CBSA): Billings, MT (#13740)
CBSA Metro Statistical Area: Billings, MT (#13740)
Financial Summary
Total assets: $22.6 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 1998)

Dollar figures in thousands
12Total employees (full-time equivalent)
$24,965Total assets
$3,678Cash and due from depository institutions
$2,387Interest-bearing balances
$7,049Securities
$2,080Federal funds sold & reverse repurchase agreements
$11,491Net loans & leases
$110Loan loss allowance
$0Trading account assets
$386Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$281All other assets
$24,965Total liabilities and capital
$23,134Total liabilities
$22,905Total deposits
$19,135Interest-bearing deposits
$22,905Deposits held in domestic offices
0.00%% insured (estimated)
$184Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$45All other liabilities
$1,831Total equity capital
$1,831Total bank equity capital
$1,831Perpetual preferred stock
$0Common stock
$240Surplus
$1,260Undivided profits
Memoranda
$331Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$538Earning assets
$0Long-term assets (5+ years)
$162Average Assets, year-to-date
$23,007Average Assets, quarterly
$1,477Volatile liabilities
$23,896Insider loans
$24,969FHLB advances
$1,245Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,007Total unused commitments
$0Restructured Loans and leases
$14,817Derivatives

Income and Expense (December 31, 1998)

Dollar figures in thousands
$1,865Total interest income
$844Total interest expense
$1,021Net interest income
$12Provision for loan and lease losses
$161Total noninterest income
$0Fiduciary activities
$125Service charges on deposit accounts
$0Trading account gains & fees
$36Additional noninterest income
$866Total noninterest expense
$399Salaries and employee benefits
$100Premises and equipment expense
$367Additional noninterest expense
$304Pre-tax net operating income
$0Securities gains (losses)
$122Applicable income taxes
$182Income before extraordinary items
$0Extraordinary gains - net
$182Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$14Sale, conversion, retirement of capital stock, net
$180Net operating income

Performance and Condition Ratios (December 31, 1998)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.53%Yield on earning assets
3.86%Cost of funding earning assets
4.67%Net interest margin
0.74%Noninterest income to earning assets
3.96%Noninterest expense to earning assets
0.76%Net operating income to assets
0.76%Return on assets (ROA)
1.27%Pretax return on assets
9.96%Return on equity (ROE)
0.11%Retained earnings to average equity (YTD only)
0.12%Net charge-offs to loans
85.71%Credit loss provision to net charge-offs
22.57%Efficiency ratio
73,266Assets per employee
2.08%Cash dividends to net income (YTD only)
Condition Ratios (%)
98.90%Loss allowance to loans
0.95%Loss allowance to noncurrent loans
20.45%Noncurrent assets plus other real estate owned to assets
2.16%Noncurrent loans to loans
4.64%Net loans and leases to deposits
50.17%Net loans and leases to core deposits
52.60%Equity capital to assets
7.33%Core capital (leverage) ratio
7.55%Tier 1 risk-based capital ratio
12.32%Total risk-based capital ratio
Memoranda
$13Average assets
$23,896Average earning assets
$1,826Average equity
$21,855Average loans

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