FirstWest Bank in Glendive, Montana (MT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 05, 1997

FirstWest Bank in Glendive, Montana (MT)
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FirstWest Bank - Overview

General
FDIC Certificate #: 2177
Status: Inactive
Closing history: Corrections
Acquiring institution: Stockman Bank of Montana (#16191)
Federal Reserve ID: 644253
Date Established: December 21, 1903
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
OTS Docket #: 10942
FDIC's unique #: 1441
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: April 05, 1997
Last Structure Change Process Date: April 30, 1997
Last Data Update: May 01, 1997
Data Source Date: April 05, 2012
Location
Address: 204 West Bell Street, Glendive, MT 59330
County: Dawson
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
History of Changes
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $112.0 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$31Total assets
$109,996Cash and due from depository institutions
$3,419Interest-bearing balances
$8Securities
$59,227Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$44,704Loan loss allowance
$1,120Trading account assets
$0Bank premises and fixed assets
$1,039Other real estate owned
$0Goodwill and other intangibles
$1,607Life insurance assets
$0All other assets
$0Total liabilities and capital
$109,996Total liabilities
$100,852Total deposits
$87,737Interest-bearing deposits
$75,999Deposits held in domestic offices
87737.00%% insured (estimated)
$94Federal funds purchased & repurchase agreements
$12,085Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$1,030Total equity capital
$1,030Total bank equity capital
$9,144Perpetual preferred stock
$0Common stock
$1,200Surplus
$5,550Undivided profits
Memoranda
$2,394Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$441Income earned, not collected on loans
$892Earning assets
$103,939Long-term assets (5+ years)
$12,639Average Assets, year-to-date
$110,714Average Assets, quarterly
$108,598Volatile liabilities
$17,068Insider loans
$20FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$8,907Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$9,091Total risk weighted assets
$57,667Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$7,883Total interest expense
$3,895Net interest income
$3,988Provision for loan and lease losses
$0Total noninterest income
$507Fiduciary activities
$0Service charges on deposit accounts
$354Trading account gains & fees
$0Additional noninterest income
$153Total noninterest expense
$2,161Salaries and employee benefits
$1,003Premises and equipment expense
$221Additional noninterest expense
$937Pre-tax net operating income
$2,334Securities gains (losses)
-$13Applicable income taxes
$869Income before extraordinary items
$1,452Extraordinary gains - net
$0Net income attributable to bank
$1,452Net charge-offs
-$3Cash dividends
$1,000Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.55%Cost of funding earning assets
3.73%Net interest margin
3.82%Noninterest income to earning assets
0.49%Noninterest expense to earning assets
2.07%Net operating income to assets
1.32%Return on assets (ROA)
1.31%Pretax return on assets
2.10%Return on equity (ROE)
16.71%Retained earnings to average equity (YTD only)
5.20%Net charge-offs to loans
-0.01%Credit loss provision to net charge-offs
0.00%Efficiency ratio
48,076Assets per employee
3.55%Cash dividends to net income (YTD only)
Condition Ratios (%)
68.87%Loss allowance to loans
2.44%Loss allowance to noncurrent loans
253.97%Noncurrent assets plus other real estate owned to assets
0.40%Noncurrent loans to loans
0.96%Net loans and leases to deposits
50.95%Net loans and leases to core deposits
54.02%Equity capital to assets
8.31%Core capital (leverage) ratio
8.35%Tier 1 risk-based capital ratio
15.76%Total risk-based capital ratio
Memoranda
$17Average assets
$110,714Average earning assets
$8,687Average equity
$104,360Average loans

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