Farmers State Bank of Cut Bank in Cut Bank, Montana (MT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 18, 1996

Farmers State Bank of Cut Bank in Cut Bank, Montana (MT)
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Farmers State Bank of Cut Bank - Overview

General
FDIC Certificate #: 18334
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Stockman Bank, National Association (#349)
Federal Reserve ID: 640750
Date Established: January 03, 1961
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 1 (Interstate: No)
FDIC's unique #: 12248
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: January 03, 1961
Last Structure Change Effective Date: March 18, 1996
Last Structure Change Process Date: April 04, 1996
Last Data Update: April 04, 1996
Data Source Date: April 05, 2012
Location
Address: Main Street, Cut Bank, MT 59427
County: Glacier
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: $27.6 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$14Total assets
$27,624Cash and due from depository institutions
$2,556Interest-bearing balances
$0Securities
$10,587Federal funds sold & reverse repurchase agreements
$1,800Net loans & leases
$11,714Loan loss allowance
$209Trading account assets
$0Bank premises and fixed assets
$569Other real estate owned
$0Goodwill and other intangibles
$398Life insurance assets
$0All other assets
$0Total liabilities and capital
$27,624Total liabilities
$25,173Total deposits
$25,032Interest-bearing deposits
$19,967Deposits held in domestic offices
25032.00%% insured (estimated)
$92Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$141Total equity capital
$141Total bank equity capital
$2,451Perpetual preferred stock
$0Common stock
$2,250Surplus
$0Undivided profits
Memoranda
$201Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$17Income earned, not collected on loans
$226Earning assets
$24,101Long-term assets (5+ years)
$4,111Average Assets, year-to-date
$27,002Average Assets, quarterly
$27,326Volatile liabilities
$2,395Insider loans
$76FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,381Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,486Total risk weighted assets
$14,101Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$1,927Total interest expense
$824Net interest income
$1,103Provision for loan and lease losses
$0Total noninterest income
$196Fiduciary activities
$0Service charges on deposit accounts
$115Trading account gains & fees
$0Additional noninterest income
$81Total noninterest expense
$1,141Salaries and employee benefits
$504Premises and equipment expense
$148Additional noninterest expense
$489Pre-tax net operating income
$158Securities gains (losses)
$0Applicable income taxes
$38Income before extraordinary items
$120Extraordinary gains - net
$0Net income attributable to bank
$120Net charge-offs
$10Cash dividends
$1,200Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.91%Cost of funding earning assets
3.38%Net interest margin
4.53%Noninterest income to earning assets
0.80%Noninterest expense to earning assets
4.69%Net operating income to assets
0.44%Return on assets (ROA)
0.44%Pretax return on assets
0.59%Return on equity (ROE)
4.88%Retained earnings to average equity (YTD only)
-43.90%Net charge-offs to loans
0.08%Credit loss provision to net charge-offs
0.00%Efficiency ratio
87,837Assets per employee
1.97%Cash dividends to net income (YTD only)
Condition Ratios (%)
1000.00%Loss allowance to loans
1.75%Loss allowance to noncurrent loans
1229.41%Noncurrent assets plus other real estate owned to assets
0.06%Noncurrent loans to loans
0.14%Net loans and leases to deposits
46.80%Net loans and leases to core deposits
51.75%Equity capital to assets
8.87%Core capital (leverage) ratio
9.06%Tier 1 risk-based capital ratio
17.63%Total risk-based capital ratio
Memoranda
$19Average assets
$27,002Average earning assets
$2,460Average equity
$24,349Average loans

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