Mountain Bank in Whitefish, Montana (MT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 21, 1997

Mountain Bank in Whitefish, Montana (MT)
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Mountain Bank - Overview

General
FDIC Certificate #: 19279
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Interstate Bank (#1105)
Federal Reserve ID: 476258
Date Established: November 09, 1964
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 13092
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: November 09, 1964
Last Structure Change Effective Date: June 21, 1997
Last Structure Change Process Date: July 01, 1997
Last Data Update: July 01, 1997
Data Source Date: April 05, 2012
Location
Address: Third And Spokane, Whitefish, MT 59937
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: $69.7 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$51Total assets
$69,468Cash and due from depository institutions
$3,177Interest-bearing balances
$13Securities
$3,322Federal funds sold & reverse repurchase agreements
$665Net loans & leases
$51,755Loan loss allowance
$495Trading account assets
$0Bank premises and fixed assets
$3,146Other real estate owned
$0Goodwill and other intangibles
$3,654Life insurance assets
$3,749All other assets
$0Total liabilities and capital
$69,468Total liabilities
$61,503Total deposits
$54,765Interest-bearing deposits
$39,817Deposits held in domestic offices
54765.00%% insured (estimated)
$92Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$6,271Subordinated debt
$0All other liabilities
$467Total equity capital
$467Total bank equity capital
$7,965Perpetual preferred stock
$0Common stock
$440Surplus
$7,522Undivided profits
Memoranda
$3Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$739Income earned, not collected on loans
$478Earning assets
$55,755Long-term assets (5+ years)
$4,545Average Assets, year-to-date
$67,493Average Assets, quarterly
$71,527Volatile liabilities
$9,192Insider loans
$243FHLB advances
$0Loans and leases held for sale
$598Unused loan commitments
$1,847Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,216Total risk weighted assets
$49,426Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$222Total interest expense
$93Net interest income
$129Provision for loan and lease losses
$0Total noninterest income
$54Fiduciary activities
$0Service charges on deposit accounts
$16Trading account gains & fees
$0Additional noninterest income
$38Total noninterest expense
$179Salaries and employee benefits
$71Premises and equipment expense
$49Additional noninterest expense
$59Pre-tax net operating income
$4Securities gains (losses)
$0Applicable income taxes
$1Income before extraordinary items
$3Extraordinary gains - net
$0Net income attributable to bank
$3Net charge-offs
$0Cash dividends
$0Sale, 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
0.38%Cost of funding earning assets
0.16%Net interest margin
0.22%Noninterest income to earning assets
0.09%Noninterest expense to earning assets
0.30%Net operating income to assets
0.00%Return on assets (ROA)
0.00%Pretax return on assets
0.01%Return on equity (ROE)
0.05%Retained earnings to average equity (YTD only)
0.05%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
86,339Assets per employee
1.36%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.95%Loss allowance to noncurrent loans
66.98%Noncurrent assets plus other real estate owned to assets
1.06%Noncurrent loans to loans
1.41%Net loans and leases to deposits
94.50%Net loans and leases to core deposits
108.79%Equity capital to assets
11.47%Core capital (leverage) ratio
6.42%Tier 1 risk-based capital ratio
8.53%Total risk-based capital ratio
Memoranda
$10Average assets
$67,493Average earning assets
$5,719Average equity
$58,826Average loans

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