FDIC Certificate #: 28022 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Sterling Savings Bank (#32158) Federal Reserve ID: 978275 Date Established: March 01, 1933 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 756 FDIC's unique #: 40856 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: August 12, 1937 Last Structure Change Effective Date: Febuary 28, 2003 Last Structure Change Process Date: May 15, 2003 Last Data Update: May 15, 2003 Data Source Date: April 05, 2012
Location
Address: 123 South Main St, Livingston, MT 59047 County: Park 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: $224.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
56Total employees (full-time equivalent)
$224,484Total assets
$54,962Cash and due from depository institutions
$51,767Interest-bearing balances
$84,863Securities
$0Federal funds sold & reverse repurchase agreements
$76,657Net loans & leases
$510Loan loss allowance
$0Trading account assets
$4,783Bank premises and fixed assets
$21Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$3,198All other assets
$224,484Total liabilities and capital
$195,981Total liabilities
$181,301Total deposits
$176,915Interest-bearing deposits
$181,301Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$13,000Other borrowed funds
$0Subordinated debt
$1,680All other liabilities
$28,503Total equity capital
$28,503Total bank equity capital
$28,503Perpetual preferred stock
$0Common stock
$1Surplus
$9,500Undivided profits
Memoranda
$19,002Noncurrent loans and leases
$13,322Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$4,624Earning assets
$0Long-term assets (5+ years)
$1,152Average Assets, year-to-date
$213,287Average Assets, quarterly
$0Volatile liabilities
$207,034Insider loans
$222,210FHLB advances
$74,594Loans and leases held for sale
$160Unused loan commitments
$13,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$13,322Total unused commitments
$559Restructured Loans and leases
$1,148Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$9,305Total interest income
$6,306Total interest expense
$2,999Net interest income
$830Provision for loan and lease losses
$1,013Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$1,013Additional noninterest income
$3,904Total noninterest expense
$2,073Salaries and employee benefits
$897Premises and equipment expense
$934Additional noninterest expense
-$722Pre-tax net operating income
$1,147Securities gains (losses)
$166Applicable income taxes
$259Income before extraordinary items
$0Extraordinary gains - net
$259Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$911Sale, conversion, retirement of capital stock, net
$870Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.77%Yield on earning assets
3.23%Cost of funding earning assets
1.54%Net interest margin
0.52%Noninterest income to earning assets
2.00%Noninterest expense to earning assets
-0.23%Net operating income to assets
0.13%Return on assets (ROA)
0.21%Pretax return on assets
0.91%Return on equity (ROE)
-2.16%Retained earnings to average equity (YTD only)
1.15%Net charge-offs to loans
91.11%Credit loss provision to net charge-offs
0.12%Efficiency ratio
97,308Assets per employee
4.01%Cash dividends to net income (YTD only)
Condition Ratios (%)
335.91%Loss allowance to loans
0.66%Loss allowance to noncurrent loans
11.03%Noncurrent assets plus other real estate owned to assets
2.06%Noncurrent loans to loans
5.99%Net loans and leases to deposits
42.28%Net loans and leases to core deposits
64.04%Equity capital to assets
12.70%Core capital (leverage) ratio
11.82%Tier 1 risk-based capital ratio
28.43%Total risk-based capital ratio
Memoranda
$30Average assets
$207,034Average earning assets
$28,347Average equity
$195,275Average loans
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