FDIC Certificate #: 19666 Status: Inactive Closing history: Absorption - Without Assistance Acquiring institution:First Madison Valley Bank (#19544) Federal Reserve ID: 662556 Date Established: January 16, 1967 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 13465 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: January 16, 1967 Last Structure Change Effective Date: August 14, 2009 Last Structure Change Process Date: September 08, 2009 Last Data Update: September 08, 2009 Data Source Date: April 05, 2012
Location
Address: 109 West 2nd Street, Boulder, MT 59632 County: Jefferson 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 Core Based Statistical Area (CBSA): Helena, MT (#25740) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $30.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 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, 2008)
Dollar figures in thousands
15Total employees (full-time equivalent)
$31,540Total assets
$2,325Cash and due from depository institutions
$1,100Interest-bearing balances
$2,919Securities
$1,150Federal funds sold & reverse repurchase agreements
$23,792Net loans & leases
$244Loan loss allowance
$0Trading account assets
$818Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$536All other assets
$31,540Total liabilities and capital
$28,962Total liabilities
$28,788Total deposits
$22,382Interest-bearing deposits
$28,788Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$174All other liabilities
$2,578Total equity capital
$2,578Total bank equity capital
$2,578Perpetual preferred stock
$0Common stock
$180Surplus
$1,822Undivided profits
Memoranda
$576Noncurrent loans and leases
$1,503Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$103Earning assets
$0Long-term assets (5+ years)
$316Average Assets, year-to-date
$28,961Average Assets, quarterly
$1,234Volatile liabilities
$31,294Insider loans
$31,377FHLB advances
$4,462Loans and leases held for sale
$83Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,565Total risk weighted assets
$1,503Total unused commitments
$0Restructured Loans and leases
$244Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$2,112Total interest income
$516Total interest expense
$1,596Net interest income
$36Provision for loan and lease losses
$276Total noninterest income
$0Fiduciary activities
$206Service charges on deposit accounts
$0Trading account gains & fees
$70Additional noninterest income
$1,343Total noninterest expense
$748Salaries and employee benefits
$179Premises and equipment expense
$416Additional noninterest expense
$493Pre-tax net operating income
$5Securities gains (losses)
$0Applicable income taxes
$498Income before extraordinary items
$0Extraordinary gains - net
$498Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$38Sale, conversion, retirement of capital stock, net
$376Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.37%Yield on earning assets
1.80%Cost of funding earning assets
5.57%Net interest margin
0.96%Noninterest income to earning assets
4.69%Noninterest expense to earning assets
1.58%Net operating income to assets
1.59%Return on assets (ROA)
1.59%Pretax return on assets
19.78%Return on equity (ROE)
4.85%Retained earnings to average equity (YTD only)
0.16%Net charge-offs to loans
94.74%Credit loss provision to net charge-offs
13.92%Efficiency ratio
71,741Assets per employee
2.10%Cash dividends to net income (YTD only)
Condition Ratios (%)
75.50%Loss allowance to loans
1.02%Loss allowance to noncurrent loans
236.89%Noncurrent assets plus other real estate owned to assets
0.33%Noncurrent loans to loans
0.43%Net loans and leases to deposits
82.65%Net loans and leases to core deposits
97.80%Equity capital to assets
8.17%Core capital (leverage) ratio
8.24%Tier 1 risk-based capital ratio
11.31%Total risk-based capital ratio
Memoranda
$12Average assets
$31,294Average earning assets
$2,517Average equity
$28,651Average loans
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