Security State Bank, Harlem, Montana in Harlem, Montana (MT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 21, 1994

Security State Bank, Harlem, Montana in Harlem, Montana (MT)
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Security State Bank, Harlem, Montana - Overview

General
FDIC Certificate #: 345
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Rocky Mountain Bank (#20310)
Federal Reserve ID: 646350
Date Established: June 07, 1917
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 274
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: November 21, 1994
Last Structure Change Process Date: December 05, 1994
Last Data Update: December 05, 1994
Data Source Date: April 05, 2012
Location
Address: Main Street, Harlem, MT 59526
County: Blaine
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
Financial Summary
Total assets: $20.3 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$8Total assets
$20,253Cash and due from depository institutions
$1,185Interest-bearing balances
$0Securities
$2,225Federal funds sold & reverse repurchase agreements
$1,100Net loans & leases
$15,038Loan loss allowance
$195Trading account assets
$0Bank premises and fixed assets
$251Other real estate owned
$0Goodwill and other intangibles
$454Life insurance assets
$0All other assets
$0Total liabilities and capital
$20,253Total liabilities
$18,512Total deposits
$18,469Interest-bearing deposits
$15,239Deposits held in domestic offices
18469.00%% insured (estimated)
$86Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$43Total equity capital
$43Total bank equity capital
$1,741Perpetual preferred stock
$0Common stock
$225Surplus
$1,375Undivided profits
Memoranda
$141Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$348Income earned, not collected on loans
$376Earning assets
$18,363Long-term assets (5+ years)
$1,137Average Assets, year-to-date
$20,535Average Assets, quarterly
$20,332Volatile liabilities
$1,413Insider loans
$109FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,372Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,735Total risk weighted assets
$16,436Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$1,530Total interest expense
$513Net interest income
$1,017Provision for loan and lease losses
$0Total noninterest income
$207Fiduciary activities
$0Service charges on deposit accounts
$179Trading account gains & fees
$0Additional noninterest income
$28Total noninterest expense
$583Salaries and employee benefits
$221Premises and equipment expense
$81Additional noninterest expense
$281Pre-tax net operating income
$641Securities gains (losses)
$14Applicable income taxes
$228Income before extraordinary items
$427Extraordinary gains - net
$0Net income attributable to bank
$427Net charge-offs
$5Cash dividends
$416Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.22%Cost of funding earning assets
2.76%Net interest margin
5.46%Noninterest income to earning assets
1.11%Noninterest expense to earning assets
3.13%Net operating income to assets
2.04%Return on assets (ROA)
2.08%Pretax return on assets
3.19%Return on equity (ROE)
23.78%Retained earnings to average equity (YTD only)
0.61%Net charge-offs to loans
0.03%Credit loss provision to net charge-offs
0.00%Efficiency ratio
47,631Assets per employee
2.53%Cash dividends to net income (YTD only)
Condition Ratios (%)
97.42%Loss allowance to loans
1.28%Loss allowance to noncurrent loans
56.03%Noncurrent assets plus other real estate owned to assets
1.72%Noncurrent loans to loans
2.28%Net loans and leases to deposits
81.42%Net loans and leases to core deposits
88.17%Equity capital to assets
8.60%Core capital (leverage) ratio
8.48%Tier 1 risk-based capital ratio
10.56%Total risk-based capital ratio
Memoranda
$12Average assets
$20,535Average earning assets
$1,796Average equity
$18,617Average loans

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