First State Bank of Fort Benton in Fort Benton, Montana (MT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 25, 2002

First State Bank of Fort Benton in Fort Benton, Montana (MT)
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First State Bank of Fort Benton - Overview

General
FDIC Certificate #: 1975
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Security Bank (#1520)
Federal Reserve ID: 672751
Date Established: January 01, 1916
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
OTS Docket #: 16111
FDIC's unique #: 1329
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: January 01, 1934
Last Structure Change Effective Date: October 25, 2002
Last Structure Change Process Date: Febuary 03, 2003
Last Data Update: Febuary 03, 2003
Data Source Date: April 05, 2012
Location
Address: 1502-1504 Main Street, Fort Benton, MT 59442
County: Chouteau
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: $68.6 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, 2001)

Dollar figures in thousands
17Total employees (full-time equivalent)
$76,693Total assets
$7,152Cash and due from depository institutions
$4,300Interest-bearing balances
$24,579Securities
$5,900Federal funds sold & reverse repurchase agreements
$31,832Net loans & leases
$1,191Loan loss allowance
$0Trading account assets
$840Bank premises and fixed assets
$70Other real estate owned
$4,596Goodwill and other intangibles
$0Life insurance assets
$1,724All other assets
$76,693Total liabilities and capital
$65,823Total liabilities
$61,308Total deposits
$53,395Interest-bearing deposits
$61,308Deposits held in domestic offices
0.00%% insured (estimated)
$3,433Federal funds purchased & repurchase agreements
$0Trading liabilities
$739Other borrowed funds
$0Subordinated debt
$343All other liabilities
$10,870Total equity capital
$10,870Total bank equity capital
$10,870Perpetual preferred stock
$0Common stock
$1,000Surplus
$9,846Undivided profits
Memoranda
$24Noncurrent loans and leases
$10,892Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$417Earning assets
$0Long-term assets (5+ years)
$1,066Average Assets, year-to-date
$66,611Average Assets, quarterly
$11,532Volatile liabilities
$76,742Insider loans
$75,700FHLB advances
$11,802Loans and leases held for sale
$248Unused loan commitments
$739Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$10,892Total unused commitments
$0Restructured Loans and leases
$524Derivatives

Income and Expense (December 31, 2001)

Dollar figures in thousands
$4,925Total interest income
$2,528Total interest expense
$2,397Net interest income
$0Provision for loan and lease losses
$164Total noninterest income
$0Fiduciary activities
$93Service charges on deposit accounts
$0Trading account gains & fees
$71Additional noninterest income
$1,735Total noninterest expense
$930Salaries and employee benefits
$121Premises and equipment expense
$684Additional noninterest expense
$826Pre-tax net operating income
$0Securities gains (losses)
$368Applicable income taxes
$458Income before extraordinary items
$0Extraordinary gains - net
$458Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$2,440Net operating income

Performance and Condition Ratios (December 31, 2001)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.34%Yield on earning assets
3.77%Cost of funding earning assets
3.57%Net interest margin
0.24%Noninterest income to earning assets
2.58%Noninterest expense to earning assets
0.60%Net operating income to assets
0.60%Return on assets (ROA)
1.08%Pretax return on assets
3.66%Return on equity (ROE)
-15.84%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
54,861Assets per employee
4.51%Cash dividends to net income (YTD only)
Condition Ratios (%)
532.75%Loss allowance to loans
3.61%Loss allowance to noncurrent loans
285.61%Noncurrent assets plus other real estate owned to assets
0.63%Noncurrent loans to loans
1.26%Net loans and leases to deposits
51.92%Net loans and leases to core deposits
60.13%Equity capital to assets
14.17%Core capital (leverage) ratio
8.49%Tier 1 risk-based capital ratio
15.21%Total risk-based capital ratio
Memoranda
$16Average assets
$76,742Average earning assets
$12,510Average equity
$67,136Average loans

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