First Community Bank in Glasgow, Montana (MT)
Overview, Financial Summary, Detailed Financial Reports, Branches


First Community Bank - Overview

  • General
  • FDIC Certificate #: 2176
    Status: Active
    Federal Reserve ID: 642857
    Bank Holding Company (Regulatory Top Holder): First Community Bancorp, Inc. (RSSDID: 2252009, Location: Glasgow, MT)
    Date Established: January 01, 1891
    WWW: http://www.fcbank.net
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 8 (Domestic: 8, Interstate: No)
    FDIC's unique #: 1440
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 540 Second Avenue South, Glasgow, MT 59230
    County: Valley
    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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $226.5 mil
    Equity capital: $20.6 mil
    Deposits held in domestic offices: $195.1 mil
    Return on assets (ROA): 0.40% ($0.9 mil)
    Quarterly return on assets: -0.53% (-$1.2 mil)
    Return on Equity (ROE): 4.34% ($0.9 mil)
    Quarterly return on equity: -5.66% (-$1.2 mil)
    Net income: $0.9 mil
    Quarterly Net income: -$0.3 mil
    Pretax return on assets: 0.54% ($1,223.3 mil)
    Quarterly Pretax return on assets: -1.13% (-$2,559.9 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
  • 76Total employees (full-time equivalent)
  • $226,542Total assets
  • $29,163Cash and due from depository institutions
  • $23,172Interest-bearing balances
  • $59,234Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $124,306Net loans & leases
  • $2,503Loan loss allowance
  • $0Trading account assets
  • $4,116Bank premises and fixed assets
  • $603Other real estate owned
  • $905Goodwill and other intangibles
  • $226,542Life insurance assets
  • $8,215All other assets
  • $205,923Total liabilities and capital
  • $195,119Total liabilities
  • $143,440Total deposits
  • $195,119Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 10236.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $568Subordinated debt
  • $20,619All other liabilities
  • $20,619Total equity capital
  • $20,619Total bank equity capital
  • $0Perpetual preferred stock
  • $3,700Common stock
  • $11,300Surplus
  • $5,619Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $2,533Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,024Income earned, not collected on loans
  • $142Earning assets
  • $1,909Long-term assets (5+ years)
  • $206,712Average Assets, year-to-date
  • $82,958Average Assets, quarterly
  • $217,383Volatile liabilities
  • $221,679Insider loans
  • $141,698FHLB advances
  • $222,960Loans and leases held for sale
  • $4,326Unused loan commitments
  • $3,285Tier 1 (core) risk-based capital
  • $18,958Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,041Total unused commitments
  • $22,877Restructured Loans and leases
  • $624Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,436Total interest income
  • $1,239Total interest expense
  • $8,197Net interest income
  • $2,460Provision for loan and lease losses
  • $2,450Total noninterest income
  • $0Fiduciary activities
  • $463Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,987Additional noninterest income
  • $7,017Total noninterest expense
  • $4,307Salaries and employee benefits
  • $706Premises and equipment expense
  • $2,004Additional noninterest expense
  • $1,170Pre-tax net operating income
  • $0Securities gains (losses)
  • $301Applicable income taxes
  • $869Income before extraordinary items
  • $0Extraordinary gains - net
  • $869Net income attributable to bank
  • $0Net charge-offs
  • $869Cash dividends
  • $2,987Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.80%Yield on earning assets
  • 0.63%Cost of funding earning assets
  • 4.17%Net interest margin
  • 1.25%Noninterest income to earning assets
  • 3.57%Noninterest expense to earning assets
  • 0.40%Net operating income to assets
  • 0.40%Return on assets (ROA)
  • 0.54%Pretax return on assets
  • 4.34%Return on equity (ROE)
  • 4.34%Retained earnings to average equity (YTD only)
  • 2.21%Net charge-offs to loans
  • 82.36%Credit loss provision to net charge-offs
  • 1.22%Efficiency ratio
  • 65,906Assets per employee
  • 2.98%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.97%Loss allowance to noncurrent loans
  • 41.55%Noncurrent assets plus other real estate owned to assets
  • 2.93%Noncurrent loans to loans
  • 4.75%Net loans and leases to deposits
  • 63.71%Net loans and leases to core deposits
  • 68.60%Equity capital to assets
  • 9.10%Core capital (leverage) ratio
  • 8.50%Tier 1 risk-based capital ratio
  • 13.38%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $217,383Average earning assets
  • $20,042Average equity
  • $196,644Average loans

List of branches

  • 8 Montana Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01440First Community Bank540 Second Avenue South, Glasgow, MT 59230January 01, 1891Full Service Brick and Mortar
    11447Hinsdale Branch204 Montana St, Hinsdale, MT 59241October 20, 1916Full Service Brick and Mortar
    211362Wolf Point Branch215 3rd Ave S, Wolf Point, MT 59201September 01, 1954Full Service Brick and Mortar
    3276Culbertson BranchBroadway Avenue, Culbertson, MT 59218January 01, 1926Full Service Brick and Mortar
    414162Ashland Branch300 Main St, Ashland, MT 59003October 13, 1971Full Service Brick and Mortar
    57563Froid Branch109 Main Street, Froid, MT 59226August 11, 1911Full Service Brick and Mortar
    6364403Three Forks Branch120 So Montana Street, Three Forks, MT 59752January 28, 2002Full Service Brick and Mortar
    7442232Helena Branch2987 Prospect Ave, Helena, MT 59601June 27, 2005Full Service Brick and Mortar

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