FDIC Certificate #: 362 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Interstate Bank (#1105) Federal Reserve ID: 654056 Date Established: May 31, 1910 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 3 (Interstate: No) OTS Docket #: 11450 FDIC's unique #: 286 Numeric code: 13 Regulator: FED 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: September 01, 1999 Last Structure Change Process Date: September 24, 1999 Last Data Update: September 24, 1999 Data Source Date: April 05, 2012
Location
Address: Main Street, Polson, MT 59860 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
Financial Summary
Total assets: $63.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
51Total employees (full-time equivalent)
$62,612Total assets
$2,828Cash and due from depository institutions
$43Interest-bearing balances
$11,270Securities
$9,465Federal funds sold & reverse repurchase agreements
$35,464Net loans & leases
$812Loan loss allowance
$0Trading account assets
$1,201Bank premises and fixed assets
$901Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,483All other assets
$62,612Total liabilities and capital
$55,878Total liabilities
$52,208Total deposits
$43,314Interest-bearing deposits
$52,208Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$3,446Other borrowed funds
$0Subordinated debt
$224All other liabilities
$6,734Total equity capital
$6,734Total bank equity capital
$6,734Perpetual preferred stock
$0Common stock
$1,500Surplus
$1,500Undivided profits
Memoranda
$3,734Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,754Earning assets
$691Long-term assets (5+ years)
$1,030Average Assets, year-to-date
$56,242Average Assets, quarterly
$4,745Volatile liabilities
$58,024Insider loans
$61,386FHLB advances
$3,217Loans and leases held for sale
$25Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$563Total risk weighted assets
$2,638Total unused commitments
$0Restructured Loans and leases
$44,729Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$4,836Total interest income
$1,824Total interest expense
$3,012Net interest income
$322Provision for loan and lease losses
$482Total noninterest income
$0Fiduciary activities
$217Service charges on deposit accounts
$0Trading account gains & fees
$265Additional noninterest income
$2,682Total noninterest expense
$1,545Salaries and employee benefits
$397Premises and equipment expense
$740Additional noninterest expense
$490Pre-tax net operating income
$0Securities gains (losses)
$244Applicable income taxes
$246Income before extraordinary items
$0Extraordinary gains - net
$246Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$330Sale, conversion, retirement of capital stock, net
$300Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.22%Yield on earning assets
3.48%Cost of funding earning assets
5.74%Net interest margin
0.92%Noninterest income to earning assets
5.11%Noninterest expense to earning assets
0.42%Net operating income to assets
0.42%Return on assets (ROA)
0.84%Pretax return on assets
3.72%Return on equity (ROE)
-0.82%Retained earnings to average equity (YTD only)
0.93%Net charge-offs to loans
97.58%Credit loss provision to net charge-offs
2.46%Efficiency ratio
76,760Assets per employee
1.23%Cash dividends to net income (YTD only)
Condition Ratios (%)
121.95%Loss allowance to loans
2.24%Loss allowance to noncurrent loans
29.48%Noncurrent assets plus other real estate owned to assets
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Security State Bank and Trust Company.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
