FDIC Certificate #: 1114 Status: Active Federal Reserve ID: 566953 Bank Holding Company (Regulatory Top Holder): S.B.t. Financial, Inc. (RSSDID: 1128255, Location: Townsend, MT) Date Established: June 01, 1899 WWW:http://www.statebankoftownsend.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 14214 FDIC's unique #: 757 Numeric code: 13 Regulator: FED Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Agricultural lending institution: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: Yes Asset Concentration Hierarchy: Agricultural Specialization Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 400 Broadway, Townsend, MT 59644 County: Broadwater 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
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $48.6 mil Equity capital: $5.0 mil Deposits held in domestic offices: $43.2 mil Return on assets (ROA): 0.92% ($0.5 mil) Quarterly return on assets: 0.87% ($0.4 mil) Return on Equity (ROE): 9.41% ($0.5 mil) Quarterly return on equity: 8.59% ($0.4 mil) Net income: $0.4 mil Quarterly Net income: $0.1 mil Pretax return on assets: 0.92% ($446.9 mil) Quarterly Pretax return on assets: 0.87% ($422.6 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
16Total employees (full-time equivalent)
$48,579Total assets
$12,675Cash and due from depository institutions
$11,275Interest-bearing balances
$6,463Securities
$800Federal funds sold & reverse repurchase agreements
$25,530Net loans & leases
$317Loan loss allowance
$0Trading account assets
$885Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$48,579Life insurance assets
$2,226All other assets
$43,535Total liabilities and capital
$43,159Total liabilities
$34,011Total deposits
$43,159Interest-bearing deposits
$97Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$376Subordinated debt
$5,044All other liabilities
$5,044Total equity capital
$5,044Total bank equity capital
$0Perpetual preferred stock
$491Common stock
$1,929Surplus
$2,624Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,196Income earned, not collected on loans
$670Earning assets
$722Long-term assets (5+ years)
$44,068Average Assets, year-to-date
$5,504Average Assets, quarterly
$47,270Volatile liabilities
$47,983Insider loans
$25,339FHLB advances
$48,804Loans and leases held for sale
$1,194Unused loan commitments
$1,194Tier 1 (core) risk-based capital
$4,933Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$3,071Restructured Loans and leases
$445Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,288Total interest income
$368Total interest expense
$1,920Net interest income
$0Provision for loan and lease losses
$279Total noninterest income
$0Fiduciary activities
$93Service charges on deposit accounts
$0Trading account gains & fees
$186Additional noninterest income
$1,765Total noninterest expense
$870Salaries and employee benefits
$128Premises and equipment expense
$767Additional noninterest expense
$434Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$434Income before extraordinary items
$0Extraordinary gains - net
$434Net income attributable to bank
$0Net charge-offs
$434Cash dividends
$2Sale, conversion, retirement of capital stock, net
$226Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.36%Yield on earning assets
0.86%Cost of funding earning assets
4.50%Net interest margin
0.65%Noninterest income to earning assets
4.14%Noninterest expense to earning assets
0.92%Net operating income to assets
0.92%Return on assets (ROA)
0.92%Pretax return on assets
9.41%Return on equity (ROE)
4.51%Retained earnings to average equity (YTD only)
0.01%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
217.00%Efficiency ratio
80,264Assets per employee
3.04%Cash dividends to net income (YTD only)
Condition Ratios (%)
52.07%Loss allowance to loans
1.23%Loss allowance to noncurrent loans
26.51%Noncurrent assets plus other real estate owned to assets
2.46%Noncurrent loans to loans
4.63%Net loans and leases to deposits
59.15%Net loans and leases to core deposits
63.78%Equity capital to assets
10.38%Core capital (leverage) ratio
10.11%Tier 1 risk-based capital ratio
19.47%Total risk-based capital ratio
Memoranda
$21Average assets
$47,270Average earning assets
$4,612Average equity
$42,675Average loans
List of branches
1 Montana Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
757
The State Bank Of Townsend
400 Broadway, Townsend, MT 59644
June 01, 1899
Full Service Brick and Mortar
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