FDIC Certificate #: 16256 Status: Active Federal Reserve ID: 687250 Date Established: April 16, 1945 WWW:http://www.lakecountybank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 10448 Numeric code: 13 Regulator: FED 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: April 16, 1945 Last Structure Change Effective Date: December 31, 2008 Last Structure Change Process Date: March 04, 2010 Last Data Update: March 04, 2010 Data Source Date: April 05, 2012
Location
Address: 102 Crystal Street, Saint Ignatius, MT 59865 County: Lake 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
Change in Location
Financial Summary
Total assets: $29.6 mil Equity capital: $3.6 mil Deposits held in domestic offices: $26.0 mil Return on assets (ROA): -2.48% (-$0.7 mil) Quarterly return on assets: -0.75% (-$0.2 mil) Return on Equity (ROE): -17.96% (-$0.7 mil) Quarterly return on equity: -6.07% (-$0.2 mil) Net income: -$0.7 mil Quarterly Net income: -$0.1 mil Pretax return on assets: -2.48% (-$735.0 mil) Quarterly Pretax return on assets: -0.75% (-$222.3 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
15Total employees (full-time equivalent)
$29,639Total assets
$8,161Cash and due from depository institutions
$6,980Interest-bearing balances
$458Securities
$3,700Federal funds sold & reverse repurchase agreements
$13,493Net loans & leases
$1,096Loan loss allowance
$0Trading account assets
$715Bank premises and fixed assets
$2,119Other real estate owned
$0Goodwill and other intangibles
$29,639Life insurance assets
$993All other assets
$26,044Total liabilities and capital
$25,971Total liabilities
$19,013Total deposits
$25,971Interest-bearing deposits
$99Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$73Subordinated debt
$3,595All other liabilities
$3,595Total equity capital
$3,595Total bank equity capital
$0Perpetual preferred stock
$200Common stock
$2,000Surplus
$1,395Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,024Income earned, not collected on loans
$0Earning assets
$155Long-term assets (5+ years)
$24,631Average Assets, year-to-date
$2,028Average Assets, quarterly
$28,327Volatile liabilities
$29,150Insider loans
$19,242FHLB advances
$28,746Loans and leases held for sale
$280Unused loan commitments
$280Tier 1 (core) risk-based capital
$3,183Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$1,816Restructured Loans and leases
$122Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,379Total interest income
$238Total interest expense
$1,141Net interest income
$480Provision for loan and lease losses
$258Total noninterest income
$0Fiduciary activities
$150Service charges on deposit accounts
$0Trading account gains & fees
$108Additional noninterest income
$1,621Total noninterest expense
$805Salaries and employee benefits
$397Premises and equipment expense
$419Additional noninterest expense
-$702Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$702Income before extraordinary items
$0Extraordinary gains - net
-$702Net income attributable to bank
$0Net charge-offs
-$702Cash dividends
$410Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.76%Yield on earning assets
0.99%Cost of funding earning assets
4.76%Net interest margin
1.08%Noninterest income to earning assets
6.77%Noninterest expense to earning assets
-2.48%Net operating income to assets
-2.48%Return on assets (ROA)
-2.48%Pretax return on assets
-17.96%Return on equity (ROE)
-17.96%Retained earnings to average equity (YTD only)
2.63%Net charge-offs to loans
117.07%Credit loss provision to net charge-offs
-0.54%Efficiency ratio
115,868Assets per employee
1.98%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
7.51%Loss allowance to noncurrent loans
107.03%Noncurrent assets plus other real estate owned to assets
10.60%Noncurrent loans to loans
7.02%Net loans and leases to deposits
51.95%Net loans and leases to core deposits
51.95%Equity capital to assets
12.13%Core capital (leverage) ratio
11.07%Tier 1 risk-based capital ratio
16.54%Total risk-based capital ratio
Memoranda
$18Average assets
$28,327Average earning assets
$3,909Average equity
$23,958Average loans
List of branches
1 Montana Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
10448
Lake County Bank
102 Crystal Street, Saint Ignatius, MT 59865
April 16, 1945
Full Service Brick and Mortar
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