The United States National Bank of Red Lodge - Overview
General
FDIC Certificate #: 2200 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Interstate Bank (#1105) Federal Reserve ID: 654458 Date Established: September 10, 1910 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) OTS Docket #: 13620 FDIC's unique #: 1457 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: January 27, 2003 Last Structure Change Process Date: March 25, 2003 Last Data Update: March 25, 2003 Data Source Date: April 05, 2012
Location
Address: 602 North Broadway, Red Lodge, MT 59068 County: Carbon 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 Core Based Statistical Area (CBSA): Billings, MT (#13740) CBSA Metro Statistical Area: Billings, MT (#13740)
Financial Summary
Total assets: $51.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)
Dollar figures in thousands
17Total employees (full-time equivalent)
$51,566Total assets
$3,365Cash and due from depository institutions
$1,093Interest-bearing balances
$4,269Securities
$5,800Federal funds sold & reverse repurchase agreements
$35,297Net loans & leases
$385Loan loss allowance
$0Trading account assets
$1,830Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,005All other assets
$51,566Total liabilities and capital
$47,011Total liabilities
$41,640Total deposits
$31,637Interest-bearing deposits
$41,640Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$5,000Other borrowed funds
$0Subordinated debt
$371All other liabilities
$4,555Total equity capital
$4,555Total bank equity capital
$4,555Perpetual preferred stock
$0Common stock
$360Surplus
$360Undivided profits
Memoranda
$3,835Noncurrent loans and leases
$2,311Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$156Earning assets
$0Long-term assets (5+ years)
$459Average Assets, year-to-date
$46,459Average Assets, quarterly
$2,538Volatile liabilities
$46,700Insider loans
$50,438FHLB advances
$11,715Loans and leases held for sale
$56Unused loan commitments
$5,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,311Total unused commitments
$0Restructured Loans and leases
$385Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$3,237Total interest income
$939Total interest expense
$2,298Net interest income
$8Provision for loan and lease losses
$225Total noninterest income
$0Fiduciary activities
$111Service charges on deposit accounts
$0Trading account gains & fees
$114Additional noninterest income
$1,443Total noninterest expense
$815Salaries and employee benefits
$201Premises and equipment expense
$427Additional noninterest expense
$1,072Pre-tax net operating income
$15Securities gains (losses)
$377Applicable income taxes
$710Income before extraordinary items
$0Extraordinary gains - net
$710Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$72Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.72%Yield on earning assets
2.24%Cost of funding earning assets
5.48%Net interest margin
0.54%Noninterest income to earning assets
3.44%Noninterest expense to earning assets
1.50%Net operating income to assets
1.52%Return on assets (ROA)
2.33%Pretax return on assets
16.79%Return on equity (ROE)
16.79%Retained earnings to average equity (YTD only)
0.22%Net charge-offs to loans
11.11%Credit loss provision to net charge-offs
15.00%Efficiency ratio
57,194Assets per employee
3.03%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.08%Loss allowance to noncurrent loans
246.79%Noncurrent assets plus other real estate owned to assets
0.30%Noncurrent loans to loans
0.44%Net loans and leases to deposits
84.77%Net loans and leases to core deposits
107.20%Equity capital to assets
8.83%Core capital (leverage) ratio
8.69%Tier 1 risk-based capital ratio
12.11%Total risk-based capital ratio
Memoranda
$13Average assets
$46,700Average earning assets
$4,229Average equity
$41,911Average loans
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