First Citizens Bank of Polson, National Association in Polson, Montana (MT)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • First Citizens Bank of Polson, National Association in Polson, Montana (MT)
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First Citizens Bank of Polson, National Association - Overview

  • General
  • FDIC Certificate #: 21478
    Status: Active
    Federal Reserve ID: 620752
    Bank Holding Company (Regulatory Top Holder): Flathead Lake Bancorporation, Inc. (RSSDID: 1128330, Location: Polson, MT)
    Date Established: March 05, 1974
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 12088
    FDIC's unique #: 14855
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: March 05, 1974
    Last Structure Change Effective Date: August 23, 2006
    Last Structure Change Process Date: November 08, 2006
    Last Data Update: November 08, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 213 First Street West, Polson, MT 59860
    County: Lake
    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
  • History of Changes
  • Name Change
    Change in Primary Regulatory Agency
    Change in Supervisory Agency
  • Financial Summary
  • Total assets: $23.9 mil
    Equity capital: $3.0 mil
    Deposits held in domestic offices: $20.9 mil
    Return on assets (ROA): -1.21% (-$0.3 mil)
    Quarterly return on assets: 0.87% ($0.2 mil)
    Return on Equity (ROE): -10.45% (-$0.3 mil)
    Quarterly return on equity: 7.07% ($0.2 mil)
    Net income: -$0.3 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: -1.93% (-$461.9 mil)
    Quarterly Pretax return on assets: -0.80% (-$191.5 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, 2011)

  • Dollar figures in thousands
  • 12Total employees (full-time equivalent)
  • $23,932Total assets
  • $1,387Cash and due from depository institutions
  • $298Interest-bearing balances
  • $1,002Securities
  • $2,630Federal funds sold & reverse repurchase agreements
  • $13,694Net loans & leases
  • $666Loan loss allowance
  • $0Trading account assets
  • $1,074Bank premises and fixed assets
  • $3,308Other real estate owned
  • $0Goodwill and other intangibles
  • $23,932Life insurance assets
  • $837All other assets
  • $20,908Total liabilities and capital
  • $20,888Total liabilities
  • $13,938Total deposits
  • $20,888Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $20Subordinated debt
  • $3,024All other liabilities
  • $3,024Total equity capital
  • $3,024Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $2,560Surplus
  • $-36Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,644Income earned, not collected on loans
  • $0Earning assets
  • $10Long-term assets (5+ years)
  • $17,624Average Assets, year-to-date
  • $5,395Average Assets, quarterly
  • $25,485Volatile liabilities
  • $24,494Insider loans
  • $17,364FHLB advances
  • $25,458Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $2,944Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $984Restructured Loans and leases
  • $17Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $958Total interest income
  • $107Total interest expense
  • $851Net interest income
  • $86Provision for loan and lease losses
  • -$121Total noninterest income
  • $0Fiduciary activities
  • $165Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$286Additional noninterest income
  • $1,136Total noninterest expense
  • $508Salaries and employee benefits
  • $178Premises and equipment expense
  • $450Additional noninterest expense
  • -$492Pre-tax net operating income
  • $0Securities gains (losses)
  • -$184Applicable income taxes
  • -$308Income before extraordinary items
  • $0Extraordinary gains - net
  • -$308Net income attributable to bank
  • $0Net charge-offs
  • -$308Cash dividends
  • $285Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.02%Yield on earning assets
  • 0.56%Cost of funding earning assets
  • 4.46%Net interest margin
  • -0.63%Noninterest income to earning assets
  • 5.96%Noninterest expense to earning assets
  • -1.21%Net operating income to assets
  • -1.21%Return on assets (ROA)
  • -1.93%Pretax return on assets
  • -10.45%Return on equity (ROE)
  • -10.45%Retained earnings to average equity (YTD only)
  • 1.79%Net charge-offs to loans
  • 30.18%Credit loss provision to net charge-offs
  • -1.42%Efficiency ratio
  • 155,616Assets per employee
  • 1.99%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.64%Loss allowance to noncurrent loans
  • 25.19%Noncurrent assets plus other real estate owned to assets
  • 24.87%Noncurrent loans to loans
  • 18.41%Net loans and leases to deposits
  • 65.56%Net loans and leases to core deposits
  • 76.79%Equity capital to assets
  • 12.64%Core capital (leverage) ratio
  • 11.56%Tier 1 risk-based capital ratio
  • 16.95%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $25,485Average earning assets
  • $2,949Average equity
  • $19,066Average loans

List of branches

  • 1 Montana Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    014855First Citizens Bank Of Polson, National Association213 First Street West, Polson, MT 59860March 05, 1974Full Service Brick and Mortar

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