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

This bank is inactive as of July 14, 1995

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

General
FDIC Certificate #: 1115
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Stockman Bank of Billings (#34044)
Federal Reserve ID: 537953
Date Established: September 05, 1913
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 2 (Interstate: No)
FDIC's unique #: 758
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 01, 1934
Last Structure Change Effective Date: July 14, 1995
Last Structure Change Process Date: July 17, 1995
Last Data Update: July 17, 1995
Data Source Date: April 05, 2012
Location
Address: 2450 Main Street, Worden, MT 59088
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: $22.3 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$12Total assets
$23,498Cash and due from depository institutions
$375Interest-bearing balances
$100Securities
$8,020Federal funds sold & reverse repurchase agreements
$1,335Net loans & leases
$12,383Loan loss allowance
$114Trading account assets
$0Bank premises and fixed assets
$594Other real estate owned
$0Goodwill and other intangibles
$449Life insurance assets
$342All other assets
$0Total liabilities and capital
$23,498Total liabilities
$21,467Total deposits
$20,853Interest-bearing deposits
$15,058Deposits held in domestic offices
20853.00%% insured (estimated)
$87Federal funds purchased & repurchase agreements
$400Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$214Total equity capital
$214Total bank equity capital
$2,031Perpetual preferred stock
$0Common stock
$314Surplus
$1,799Undivided profits
Memoranda
$-82Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$3Income earned, not collected on loans
$215Earning assets
$21,838Long-term assets (5+ years)
$2,387Average Assets, year-to-date
$21,900Average Assets, quarterly
$22,245Volatile liabilities
$1,706Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,628Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,801Total risk weighted assets
$14,296Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$265Total interest expense
$85Net interest income
$180Provision for loan and lease losses
$0Total noninterest income
$30Fiduciary activities
$0Service charges on deposit accounts
$23Trading account gains & fees
$0Additional noninterest income
$7Total noninterest expense
$134Salaries and employee benefits
$52Premises and equipment expense
$11Additional noninterest expense
$71Pre-tax net operating income
$76Securities gains (losses)
-$26Applicable income taxes
$21Income before extraordinary items
$29Extraordinary gains - net
$0Net income attributable to bank
$29Net charge-offs
$0Cash dividends
$635Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
1.32%Cost of funding earning assets
0.42%Net interest margin
0.90%Noninterest income to earning assets
0.15%Noninterest expense to earning assets
0.67%Net operating income to assets
0.21%Return on assets (ROA)
0.13%Pretax return on assets
0.23%Return on equity (ROE)
1.39%Retained earnings to average equity (YTD only)
-28.98%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
60,952Assets per employee
1.96%Cash dividends to net income (YTD only)
Condition Ratios (%)
2189.66%Loss allowance to loans
0.91%Loss allowance to noncurrent loans
3800.00%Noncurrent assets plus other real estate owned to assets
0.01%Noncurrent loans to loans
0.02%Net loans and leases to deposits
59.38%Net loans and leases to core deposits
63.35%Equity capital to assets
8.64%Core capital (leverage) ratio
7.74%Tier 1 risk-based capital ratio
12.60%Total risk-based capital ratio
Memoranda
$13Average assets
$21,900Average earning assets
$2,091Average equity
$20,083Average loans

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