FDIC Certificate #: 34268 Status: Inactive Closing history: Corrections Acquiring institution:First Security Bank (#1520) Federal Reserve ID: 2374442 Date Established: April 01, 1997 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 57027 Numeric code: 21 Regulator: FDIC 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 01, 1997 Last Structure Change Effective Date: December 28, 1998 Last Structure Change Process Date: Febuary 11, 1999 Last Data Update: Febuary 11, 1999 Data Source Date: April 05, 2012
Location
Address: 511 West Main Street, Belgrade, MT 59714 County: Gallatin 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): Bozeman, MT (#14580) CBSA Micro Statistical Area: Yes
History of Changes
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $8.2 mil
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
8Total employees (full-time equivalent)
$5,640Total assets
$377Cash and due from depository institutions
$0Interest-bearing balances
$0Securities
$2,255Federal funds sold & reverse repurchase agreements
$2,075Net loans & leases
$24Loan loss allowance
$0Trading account assets
$868Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$65All other assets
$5,640Total liabilities and capital
$3,992Total liabilities
$3,963Total deposits
$3,225Interest-bearing deposits
$3,963Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$29All other liabilities
$1,648Total equity capital
$1,648Total bank equity capital
$1,648Perpetual preferred stock
$0Common stock
$1,000Surplus
$1,000Undivided profits
Memoranda
$-352Noncurrent 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)
$13Average Assets, year-to-date
$4,330Average Assets, quarterly
$607Volatile liabilities
$5,033Insider loans
$5,387FHLB advances
$503Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$897Total unused commitments
$0Restructured Loans and leases
$3,546Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$160Total interest income
$66Total interest expense
$94Net interest income
$24Provision for loan and lease losses
$41Total noninterest income
$0Fiduciary activities
$23Service charges on deposit accounts
$0Trading account gains & fees
$18Additional noninterest income
$463Total noninterest expense
$191Salaries and employee benefits
$123Premises and equipment expense
$149Additional noninterest expense
-$352Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$352Income before extraordinary items
$0Extraordinary gains - net
-$352Net 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)
4.32%Yield on earning assets
1.78%Cost of funding earning assets
2.54%Net interest margin
1.11%Noninterest income to earning assets
12.49%Noninterest expense to earning assets
-6.99%Net operating income to assets
-6.99%Return on assets (ROA)
-6.99%Pretax return on assets
-19.85%Return on equity (ROE)
-19.85%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
342,963Assets per employee
0.70%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.14%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
52.36%Net loans and leases to core deposits
59.97%Equity capital to assets
29.22%Core capital (leverage) ratio
30.29%Tier 1 risk-based capital ratio
46.47%Total risk-based capital ratio
Memoranda
$47Average assets
$5,033Average earning assets
$1,774Average equity
$3,707Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with First Security Bank of Belgrade.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: