Bank of Bridger in Bridger, Montana (MT)



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Bank of Bridger
GeneralFDIC Certificate #: 15833
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Bank of Bridger, National Association (#2224)
Federal Reserve ID: 632652
Date Established: January 01, 1921
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Interstate: No)
OTS Docket #: 12556
FDIC's unique #: 10074
Numeric code: 21
Regulator: FDIC
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: July 01, 1941
Last Structure Change Effective Date: March 06, 2004
Last Structure Change Process Date: April 29, 2004
Last Data Update: April 29, 2004
Data Source Date: April 05, 2012
LocationAddress: 101 South Main Street, Bridger, MT 59014
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 SummaryTotal assets: $51.0 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, 2003)
(Dollar figures in thousands)
Total employees (full-time equivalent)25
Total assets$51,034
Cash and due from depository institutions$2,193
Interest-bearing balances$54
Securities$15,984
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$29,922
Loan loss allowance $367
Trading account assets$0
Bank premises and fixed assets$1,427
Other real estate owned$0
Goodwill and other intangibles$419
All other assets$1,089
Life insurance assets$0
Total liabilities and capital$51,034
Total liabilities$46,012
Total deposits$40,853
Interest-bearing deposits$31,516
Deposits held in domestic offices$40,853
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $400
Trading liabilities$0
Other borrowed funds $4,306
Subordinated debt $0
All other liabilities $453
Total equity capital$5,022
Total bank equity capital$5,022
Perpetual preferred stock$5,022
Common stock$0
Surplus$225
Undivided profits $4,000
Memoranda
Noncurrent loans and leases $797
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $2,283
Income earned, not collected on loans $0
Earning assets $153
Long-term assets (5+ years) $0
Average Assets, year-to-date $659
Average Assets, quarterly $45,960
Volatile liabilities $6,409
Insider loans $47,581
FHLB advances $48,647
Loans and leases held for sale $11,067
Unused loan commitments $746
Tier 1 (core) risk-based capital $4,306
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $2,283
Restructured Loans and leases $126
Derivatives$367
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Income and Expense (December 31, 2003)
(Dollar figures in thousands)
Total interest income $2,653
Total interest expense $711
Net interest income $1,942
Provision for loan and lease losses $24
Total noninterest income $340
Fiduciary activities $0
Service charges on deposit accounts $217
Trading account gains & fees $0
Additional noninterest income $123
Total noninterest expense $1,625
Salaries and employee benefits $884
Premises and equipment expense $194
Additional noninterest expense $547
Pre-tax net operating income $633
Securities gains (losses) -$4
Applicable income taxes $240
Income before extraordinary items $389
Extraordinary gains - net $0
Net income attributable to bank $389
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $27
Net operating income $212
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Performance and Condition Ratios (December 31, 2003)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.15%
Cost of funding earning assets 1.65%
Net interest margin 4.50%
Noninterest income to earning assets 0.79%
Noninterest expense to earning assets 3.76%
Net operating income to assets 0.82%
Return on assets (ROA) 0.82%
Pretax return on assets 1.32%
Return on equity (ROE) 8.46%
Retained earnings to average equity (YTD only) 3.85%
Net charge-offs to loans 0.10%
Credit loss provision to net charge-offs 88.89%
Efficiency ratio24.33%
Assets per employee$71,209
Cash dividends to net income (YTD only)2.04%
Condition Ratios (%)
Loss allowance to loans 54.50%
Loss allowance to noncurrent loans 1.21%
Noncurrent assets plus other real estate owned to assets 239.87%
Noncurrent loans to loans 0.30%
Net loans and leases to deposits0.51%
Net loans and leases to core deposits 73.24%
Equity capital to assets 90.16%
Core capital (leverage) ratio 9.84%
Tier 1 risk-based capital ratio 9.47%
Total risk-based capital ratio 12.96%
Memoranda
Average assets$14
Average earning assets$47,581
Average equity $4,601
Average loans $43,163
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