FDIC Certificate #: 357 Status: Active Federal Reserve ID: 641252 Bank Holding Company (Regulatory Top Holder): Nicholas, Inc. (RSSDID: 1136184, Location: Dillon, MT) Date Established: June 17, 1899 WWW:http://www.statebank-dillon.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 12257 FDIC's unique #: 282 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: Yes Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: August 28, 2009 Last Structure Change Process Date: August 28, 2009 Last Data Update: August 28, 2009 Data Source Date: April 05, 2012
Location
Address: 110 S. Idaho Street, Dillon, MT 59725 County: Beaverhead 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: $100.1 mil Equity capital: $9.6 mil Deposits held in domestic offices: $89.9 mil Return on assets (ROA): 0.96% ($1.0 mil) Quarterly return on assets: 0.78% ($0.8 mil) Return on Equity (ROE): 9.87% ($1.0 mil) Quarterly return on equity: 7.98% ($0.8 mil) Net income: $0.9 mil Quarterly Net income: $0.2 mil Pretax return on assets: 0.96% ($961.3 mil) Quarterly Pretax return on assets: 0.78% ($781.1 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
26Total employees (full-time equivalent)
$100,136Total assets
$20,098Cash and due from depository institutions
$17,933Interest-bearing balances
$25,568Securities
$948Federal funds sold & reverse repurchase agreements
$49,384Net loans & leases
$1,055Loan loss allowance
$0Trading account assets
$1,256Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$100,136Life insurance assets
$2,882All other assets
$90,503Total liabilities and capital
$89,904Total liabilities
$66,333Total deposits
$89,904Interest-bearing deposits
$95Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$599Subordinated debt
$9,633All other liabilities
$9,633Total equity capital
$9,633Total bank equity capital
$0Perpetual preferred stock
$500Common stock
$5,600Surplus
$3,533Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,206Income earned, not collected on loans
$0Earning assets
$460Long-term assets (5+ years)
$93,833Average Assets, year-to-date
$26,430Average Assets, quarterly
$95,009Volatile liabilities
$97,613Insider loans
$56,704FHLB advances
$98,502Loans and leases held for sale
$2,027Unused loan commitments
$2,027Tier 1 (core) risk-based capital
$9,461Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$9,472Restructured Loans and leases
$104Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$3,947Total interest income
$355Total interest expense
$3,592Net interest income
$30Provision for loan and lease losses
$515Total noninterest income
$2Fiduciary activities
$288Service charges on deposit accounts
$0Trading account gains & fees
$225Additional noninterest income
$3,167Total noninterest expense
$1,785Salaries and employee benefits
$483Premises and equipment expense
$899Additional noninterest expense
$910Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$910Income before extraordinary items
$0Extraordinary gains - net
$910Net income attributable to bank
$0Net charge-offs
$910Cash dividends
-$17Sale, conversion, retirement of capital stock, net
$302Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.51%Yield on earning assets
0.41%Cost of funding earning assets
4.10%Net interest margin
0.59%Noninterest income to earning assets
3.62%Noninterest expense to earning assets
0.96%Net operating income to assets
0.96%Return on assets (ROA)
0.96%Pretax return on assets
9.87%Return on equity (ROE)
6.59%Retained earnings to average equity (YTD only)
-0.03%Net charge-offs to loans
-176.47%Credit loss provision to net charge-offs
0.00%Efficiency ratio
77,112Assets per employee
3.85%Cash dividends to net income (YTD only)
Condition Ratios (%)
33.19%Loss allowance to loans
2.09%Loss allowance to noncurrent loans
87.48%Noncurrent assets plus other real estate owned to assets
1.20%Noncurrent loans to loans
2.39%Net loans and leases to deposits
54.93%Net loans and leases to core deposits
57.69%Equity capital to assets
9.62%Core capital (leverage) ratio
9.60%Tier 1 risk-based capital ratio
16.68%Total risk-based capital ratio
Memoranda
$18Average assets
$95,009Average earning assets
$9,220Average equity
$87,520Average loans
Total Fiduciary and Related Assets (December 31, 2011)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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