1st Security Bank of Laurel in Laurel, Montana (MT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 01, 1999

  • 1st Security Bank of Laurel in Laurel, Montana (MT)
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1st Security Bank of Laurel - Overview

  • General
  • FDIC Certificate #: 20662
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Citizens Bank of Billings (#19964)
    Federal Reserve ID: 679152
    Date Established: April 17, 1972
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 2 (Interstate: No)
    FDIC's unique #: 14262
    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: April 17, 1972
    Last Structure Change Effective Date: July 01, 1999
    Last Structure Change Process Date: November 05, 1999
    Last Data Update: November 05, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 20 Montana Avenue, Laurel, MT 59044
    County: Yellowstone
    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
    Metropolitan Statistical Area (MSA): Billings, MT (#880)
    Core Based Statistical Area (CBSA): Billings, MT (#13740)
    CBSA Metro Statistical Area: Billings, MT (#13740)
  • Financial Summary
  • Total assets: $22.6 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
  • 12Total employees (full-time equivalent)
  • $24,965Total assets
  • $3,678Cash and due from depository institutions
  • $2,387Interest-bearing balances
  • $7,049Securities
  • $2,080Federal funds sold & reverse repurchase agreements
  • $11,491Net loans & leases
  • $110Loan loss allowance
  • $0Trading account assets
  • $386Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $281All other assets
  • $24,965Total liabilities and capital
  • $23,134Total liabilities
  • $22,905Total deposits
  • $19,135Interest-bearing deposits
  • $22,905Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $184Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $45All other liabilities
  • $1,831Total equity capital
  • $1,831Total bank equity capital
  • $1,831Perpetual preferred stock
  • $0Common stock
  • $240Surplus
  • $1,260Undivided profits
  • Memoranda
  • $331Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $538Earning assets
  • $0Long-term assets (5+ years)
  • $162Average Assets, year-to-date
  • $23,007Average Assets, quarterly
  • $1,477Volatile liabilities
  • $23,896Insider loans
  • $24,969FHLB advances
  • $1,245Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,007Total unused commitments
  • $0Restructured Loans and leases
  • $14,817Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $1,865Total interest income
  • $844Total interest expense
  • $1,021Net interest income
  • $12Provision for loan and lease losses
  • $161Total noninterest income
  • $0Fiduciary activities
  • $125Service charges on deposit accounts
  • $0Trading account gains & fees
  • $36Additional noninterest income
  • $866Total noninterest expense
  • $399Salaries and employee benefits
  • $100Premises and equipment expense
  • $367Additional noninterest expense
  • $304Pre-tax net operating income
  • $0Securities gains (losses)
  • $122Applicable income taxes
  • $182Income before extraordinary items
  • $0Extraordinary gains - net
  • $182Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $14Sale, conversion, retirement of capital stock, net
  • $180Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.53%Yield on earning assets
  • 3.86%Cost of funding earning assets
  • 4.67%Net interest margin
  • 0.74%Noninterest income to earning assets
  • 3.96%Noninterest expense to earning assets
  • 0.76%Net operating income to assets
  • 0.76%Return on assets (ROA)
  • 1.27%Pretax return on assets
  • 9.96%Return on equity (ROE)
  • 0.11%Retained earnings to average equity (YTD only)
  • 0.12%Net charge-offs to loans
  • 85.71%Credit loss provision to net charge-offs
  • 22.57%Efficiency ratio
  • 73,266Assets per employee
  • 2.08%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 98.90%Loss allowance to loans
  • 0.95%Loss allowance to noncurrent loans
  • 20.45%Noncurrent assets plus other real estate owned to assets
  • 2.16%Noncurrent loans to loans
  • 4.64%Net loans and leases to deposits
  • 50.17%Net loans and leases to core deposits
  • 52.60%Equity capital to assets
  • 7.33%Core capital (leverage) ratio
  • 7.55%Tier 1 risk-based capital ratio
  • 12.32%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $23,896Average earning assets
  • $1,826Average equity
  • $21,855Average loans

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