FDIC Certificate #: 34318 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Farmers State Bank (#342) Federal Reserve ID: 2531535 Date Established: May 15, 1997 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 13800 FDIC's unique #: 57077 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: May 15, 1997 Last Structure Change Effective Date: March 14, 1998 Last Structure Change Process Date: April 08, 1998 Last Data Update: October 19, 1998 Data Source Date: April 05, 2012
Location
Address: 725 Main Street, Stevensville, MT 59870 County: Ravalli 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
Financial Summary
Total assets: $5.8 mil
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
9Total employees (full-time equivalent)
$5,795Total assets
$751Cash and due from depository institutions
$505Interest-bearing balances
$0Securities
$0Federal funds sold & reverse repurchase agreements
$4,699Net loans & leases
$43Loan loss allowance
$0Trading account assets
$183Bank premises and fixed assets
$0Other real estate owned
$30Goodwill and other intangibles
$0Life insurance assets
$132All other assets
$5,795Total liabilities and capital
$2,908Total liabilities
$2,770Total deposits
$2,165Interest-bearing deposits
$2,770Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$125Other borrowed funds
$0Subordinated debt
$13All other liabilities
$2,887Total equity capital
$2,887Total bank equity capital
$2,887Perpetual preferred stock
$0Common stock
$300Surplus
$2,700Undivided profits
Memoranda
$-113Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$30Average Assets, year-to-date
$5,204Average Assets, quarterly
$0Volatile liabilities
$4,883Insider loans
$5,301FHLB advances
$865Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$263Total unused commitments
$0Restructured Loans and leases
$3,170Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$194Total interest income
$41Total interest expense
$153Net interest income
$43Provision for loan and lease losses
$24Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$24Additional noninterest income
$324Total noninterest expense
$182Salaries and employee benefits
$80Premises and equipment expense
$62Additional noninterest expense
-$190Pre-tax net operating income
$0Securities gains (losses)
-$77Applicable income taxes
-$113Income before extraordinary items
$0Extraordinary gains - net
-$113Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.46%Yield on earning assets
0.94%Cost of funding earning assets
3.51%Net interest margin
0.55%Noninterest income to earning assets
7.44%Noninterest expense to earning assets
-2.31%Net operating income to assets
-2.31%Return on assets (ROA)
-3.89%Pretax return on assets
-3.89%Return on equity (ROE)
-3.89%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
180,791Assets per employee
0.64%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.91%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
169.64%Net loans and leases to core deposits
231.48%Equity capital to assets
49.82%Core capital (leverage) ratio
49.44%Tier 1 risk-based capital ratio
89.72%Total risk-based capital ratio
Memoranda
$91Average assets
$4,883Average earning assets
$2,901Average equity
$4,354Average loans
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