FDIC Certificate #: 34206 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Montana Bank, Inc. (#363) Federal Reserve ID: 2482600 Date Established: July 18, 1996 WWW:http://www.montanafirstnational.com Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Interstate: No) OTS Docket #: 14689 FDIC's unique #: 56964 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: July 18, 1996 Last Structure Change Effective Date: November 22, 2003 Last Structure Change Process Date: December 09, 2003 Last Data Update: December 09, 2003 Data Source Date: April 05, 2012
Location
Address: 85 North Main Street, Kalispell, MT 59901 County: Flathead 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): Kalispell, MT (#28060) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $29.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)
Dollar figures in thousands
13Total employees (full-time equivalent)
$26,374Total assets
$2,103Cash and due from depository institutions
$1,012Interest-bearing balances
$4,072Securities
$0Federal funds sold & reverse repurchase agreements
$18,151Net loans & leases
$182Loan loss allowance
$0Trading account assets
$881Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,167All other assets
$26,374Total liabilities and capital
$23,550Total liabilities
$22,972Total deposits
$19,218Interest-bearing deposits
$22,972Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$147Other borrowed funds
$0Subordinated debt
$431All other liabilities
$2,824Total equity capital
$2,824Total bank equity capital
$2,824Perpetual preferred stock
$0Common stock
$1,050Surplus
$1,046Undivided profits
Memoranda
$728Noncurrent loans and leases
$2,363Noncurrent 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)
$154Average Assets, year-to-date
$23,235Average Assets, quarterly
$4,846Volatile liabilities
$26,066Insider loans
$26,819FHLB advances
$4,426Loans and leases held for sale
$160Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$753Total risk weighted assets
$2,363Total unused commitments
$0Restructured Loans and leases
$182Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$2,008Total interest income
$648Total interest expense
$1,360Net interest income
$18Provision for loan and lease losses
$256Total noninterest income
$0Fiduciary activities
$157Service charges on deposit accounts
$0Trading account gains & fees
$99Additional noninterest income
$1,078Total noninterest expense
$623Salaries and employee benefits
$95Premises and equipment expense
$360Additional noninterest expense
$520Pre-tax net operating income
$5Securities gains (losses)
$164Applicable income taxes
$361Income before extraordinary items
$0Extraordinary gains - net
$361Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$4Sale, conversion, retirement of capital stock, net
$30Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.77%Yield on earning assets
2.83%Cost of funding earning assets
5.94%Net interest margin
1.12%Noninterest income to earning assets
4.71%Noninterest expense to earning assets
1.37%Net operating income to assets
1.38%Return on assets (ROA)
2.01%Pretax return on assets
13.62%Return on equity (ROE)
12.49%Retained earnings to average equity (YTD only)
0.02%Net charge-offs to loans
450.00%Credit loss provision to net charge-offs
134.50%Efficiency ratio
66,708Assets per employee
2.03%Cash dividends to net income (YTD only)
Condition Ratios (%)
8.31%Loss allowance to loans
0.99%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
79.01%Net loans and leases to core deposits
97.87%Equity capital to assets
10.71%Core capital (leverage) ratio
10.31%Tier 1 risk-based capital ratio
13.45%Total risk-based capital ratio
Memoranda
$14Average assets
$26,066Average earning assets
$2,650Average equity
$22,891Average loans
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