FDIC Certificate #: 18164 Status: Active Federal Reserve ID: 608358 Bank Holding Company (Regulatory Top Holder): Garfield County Bancshares, Inc. (RSSDID: 1842551, Location: Jordan, MT) Date Established: March 14, 1960 WWW:http://www.garfieldcountybank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 12085 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Agricultural lending institution: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Agricultural Specialization Date of Deposit Insurance: March 14, 1960 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 444 Main Street, Jordan, MT 59337 County: Garfield 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
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $50.7 mil Equity capital: $5.8 mil Deposits held in domestic offices: $44.1 mil Return on assets (ROA): 1.49% ($0.8 mil) Quarterly return on assets: 1.16% ($0.6 mil) Return on Equity (ROE): 12.32% ($0.7 mil) Quarterly return on equity: 9.61% ($0.6 mil) Net income: $0.7 mil Quarterly Net income: $0.1 mil Pretax return on assets: 2.38% ($1,207.4 mil) Quarterly Pretax return on assets: 2.34% ($1,187.1 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
Dollar figures in thousands
9Total employees (full-time equivalent)
$50,729Total assets
$832Cash and due from depository institutions
$0Interest-bearing balances
$4,731Securities
$9,350Federal funds sold & reverse repurchase agreements
$33,651Net loans & leases
$663Loan loss allowance
$0Trading account assets
$932Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$50,729Life insurance assets
$1,233All other assets
$44,916Total liabilities and capital
$44,143Total liabilities
$37,554Total deposits
$44,143Interest-bearing deposits
$84Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$773Subordinated debt
$5,813All other liabilities
$5,813Total equity capital
$5,813Total bank equity capital
$0Perpetual preferred stock
$400Common stock
$2,600Surplus
$2,813Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$832Income earned, not collected on loans
$0Earning assets
$402Long-term assets (5+ years)
$47,732Average Assets, year-to-date
$3,214Average Assets, quarterly
$45,196Volatile liabilities
$47,689Insider loans
$40,207FHLB advances
$49,242Loans and leases held for sale
$458Unused loan commitments
$458Tier 1 (core) risk-based capital
$5,797Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$5,103Restructured Loans and leases
$246Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,389Total interest income
$459Total interest expense
$1,930Net interest income
$59Provision for loan and lease losses
$207Total noninterest income
$0Fiduciary activities
$132Service charges on deposit accounts
$0Trading account gains & fees
$75Additional noninterest income
$1,002Total noninterest expense
$504Salaries and employee benefits
$172Premises and equipment expense
$326Additional noninterest expense
$1,076Pre-tax net operating income
$0Securities gains (losses)
$402Applicable income taxes
$674Income before extraordinary items
$0Extraordinary gains - net
$674Net income attributable to bank
$0Net charge-offs
$674Cash dividends
$0Sale, conversion, retirement of capital stock, net
$35Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.69%Yield on earning assets
1.09%Cost of funding earning assets
4.60%Net interest margin
0.49%Noninterest income to earning assets
2.39%Noninterest expense to earning assets
1.49%Net operating income to assets
1.49%Return on assets (ROA)
2.38%Pretax return on assets
12.32%Return on equity (ROE)
11.68%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
46,888Assets per employee
5.64%Cash dividends to net income (YTD only)
Condition Ratios (%)
5.19%Loss allowance to loans
1.93%Loss allowance to noncurrent loans
79.69%Noncurrent assets plus other real estate owned to assets
1.64%Noncurrent loans to loans
2.42%Net loans and leases to deposits
76.23%Net loans and leases to core deposits
83.34%Equity capital to assets
11.46%Core capital (leverage) ratio
11.77%Tier 1 risk-based capital ratio
14.42%Total risk-based capital ratio
Memoranda
$16Average assets
$45,196Average earning assets
$5,471Average equity
$41,964Average loans
List of branches
1 Montana Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
12085
Garfield County Bank
444 Main Street, Jordan, MT 59337
March 14, 1960
Full Service Brick and Mortar
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