Farmers State Bank of Worden in Worden, Montana (MT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 14, 1995

  • Farmers State Bank of Worden in Worden, Montana (MT)
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Farmers State Bank of Worden - Overview

  • General
  • FDIC Certificate #: 1115
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Stockman Bank of Billings (#34044)
    Federal Reserve ID: 537953
    Date Established: September 05, 1913
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 2 (Interstate: No)
    FDIC's unique #: 758
    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: January 01, 1934
    Last Structure Change Effective Date: July 14, 1995
    Last Structure Change Process Date: July 17, 1995
    Last Data Update: July 17, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 2450 Main Street, Worden, MT 59088
    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: $22.3 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $12Total assets
  • $23,498Cash and due from depository institutions
  • $375Interest-bearing balances
  • $100Securities
  • $8,020Federal funds sold & reverse repurchase agreements
  • $1,335Net loans & leases
  • $12,383Loan loss allowance
  • $114Trading account assets
  • $0Bank premises and fixed assets
  • $594Other real estate owned
  • $0Goodwill and other intangibles
  • $449Life insurance assets
  • $342All other assets
  • $0Total liabilities and capital
  • $23,498Total liabilities
  • $21,467Total deposits
  • $20,853Interest-bearing deposits
  • $15,058Deposits held in domestic offices
  • 20853.00%% insured (estimated)
  • $87Federal funds purchased & repurchase agreements
  • $400Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $214Total equity capital
  • $214Total bank equity capital
  • $2,031Perpetual preferred stock
  • $0Common stock
  • $314Surplus
  • $1,799Undivided profits
  • Memoranda
  • $-82Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3Income earned, not collected on loans
  • $215Earning assets
  • $21,838Long-term assets (5+ years)
  • $2,387Average Assets, year-to-date
  • $21,900Average Assets, quarterly
  • $22,245Volatile liabilities
  • $1,706Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $1,628Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,801Total risk weighted assets
  • $14,296Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $265Total interest expense
  • $85Net interest income
  • $180Provision for loan and lease losses
  • $0Total noninterest income
  • $30Fiduciary activities
  • $0Service charges on deposit accounts
  • $23Trading account gains & fees
  • $0Additional noninterest income
  • $7Total noninterest expense
  • $134Salaries and employee benefits
  • $52Premises and equipment expense
  • $11Additional noninterest expense
  • $71Pre-tax net operating income
  • $76Securities gains (losses)
  • -$26Applicable income taxes
  • $21Income before extraordinary items
  • $29Extraordinary gains - net
  • $0Net income attributable to bank
  • $29Net charge-offs
  • $0Cash dividends
  • $635Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 1.32%Cost of funding earning assets
  • 0.42%Net interest margin
  • 0.90%Noninterest income to earning assets
  • 0.15%Noninterest expense to earning assets
  • 0.67%Net operating income to assets
  • 0.21%Return on assets (ROA)
  • 0.13%Pretax return on assets
  • 0.23%Return on equity (ROE)
  • 1.39%Retained earnings to average equity (YTD only)
  • -28.98%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 60,952Assets per employee
  • 1.96%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 2189.66%Loss allowance to loans
  • 0.91%Loss allowance to noncurrent loans
  • 3800.00%Noncurrent assets plus other real estate owned to assets
  • 0.01%Noncurrent loans to loans
  • 0.02%Net loans and leases to deposits
  • 59.38%Net loans and leases to core deposits
  • 63.35%Equity capital to assets
  • 8.64%Core capital (leverage) ratio
  • 7.74%Tier 1 risk-based capital ratio
  • 12.60%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $21,900Average earning assets
  • $2,091Average equity
  • $20,083Average loans

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