FDIC Certificate #: 2172 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Summit National Bank (#25054) Federal Reserve ID: 672359 Date Established: January 01, 1919 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) FDIC's unique #: 1437 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: August 28, 2009 Last Structure Change Process Date: September 21, 2009 Last Data Update: September 21, 2009 Data Source Date: April 05, 2012
Location
Address: Main And Chicago, Ekalaka, MT 59324 County: Carter 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: $31.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2008)
Dollar figures in thousands
9Total employees (full-time equivalent)
$29,998Total assets
$840Cash and due from depository institutions
$200Interest-bearing balances
$8,914Securities
$6,750Federal funds sold & reverse repurchase agreements
$12,989Net loans & leases
$230Loan loss allowance
$0Trading account assets
$14Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$491All other assets
$29,998Total liabilities and capital
$27,859Total liabilities
$27,503Total deposits
$23,206Interest-bearing deposits
$27,503Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$356All other liabilities
$2,139Total equity capital
$2,139Total bank equity capital
$2,139Perpetual preferred stock
$0Common stock
$250Surplus
$750Undivided profits
Memoranda
$1,139Noncurrent loans and leases
$2,020Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$65Earning assets
$0Long-term assets (5+ years)
$442Average Assets, year-to-date
$28,853Average Assets, quarterly
$2,101Volatile liabilities
$28,442Insider loans
$29,068FHLB advances
$4,046Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,020Total unused commitments
$0Restructured Loans and leases
$240Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$1,582Total interest income
$619Total interest expense
$963Net interest income
$69Provision for loan and lease losses
$67Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$67Additional noninterest income
$704Total noninterest expense
$437Salaries and employee benefits
$36Premises and equipment expense
$231Additional noninterest expense
$257Pre-tax net operating income
$0Securities gains (losses)
$72Applicable income taxes
$185Income before extraordinary items
$0Extraordinary gains - net
$185Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$99Sale, conversion, retirement of capital stock, net
$237Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.88%Yield on earning assets
2.30%Cost of funding earning assets
3.58%Net interest margin
0.25%Noninterest income to earning assets
2.62%Noninterest expense to earning assets
0.65%Net operating income to assets
0.65%Return on assets (ROA)
0.90%Pretax return on assets
8.26%Return on equity (ROE)
-2.32%Retained earnings to average equity (YTD only)
0.75%Net charge-offs to loans
69.70%Credit loss provision to net charge-offs
3.29%Efficiency ratio
68,350Assets per employee
3.33%Cash dividends to net income (YTD only)
Condition Ratios (%)
128.11%Loss allowance to loans
1.74%Loss allowance to noncurrent loans
353.85%Noncurrent assets plus other real estate owned to assets
0.22%Noncurrent loans to loans
0.49%Net loans and leases to deposits
47.23%Net loans and leases to core deposits
55.37%Equity capital to assets
7.13%Core capital (leverage) ratio
7.11%Tier 1 risk-based capital ratio
9.67%Total risk-based capital ratio
Memoranda
$11Average assets
$28,442Average earning assets
$2,239Average equity
$26,889Average loans
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