First Interstate Bank in Sheridan, Wyoming (WY)



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First Interstate Bank
GeneralFDIC Certificate #: 524
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Interstate Bank (#1105)
Federal Reserve ID: 92658
Date Established: May 16, 1893
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 20 (Interstate: No)
OTS Docket #: 10262
FDIC's unique #: 375
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: January 01, 1934
Last Structure Change Effective Date: November 10, 2001
Last Structure Change Process Date: November 14, 2001
Last Data Update: November 14, 2001
Data Source Date: April 05, 2012
LocationAddress: 4 South Main Street, Sheridan, WY 82801
County: Sheridan
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): Sheridan, WY (#43260)
CBSA Micro Statistical Area: Yes
Financial SummaryTotal assets: $1,278.8 mil

1992 - 1999 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, 2000)
(Dollar figures in thousands)
Total employees (full-time equivalent)419
Total assets$1,118,513
Cash and due from depository institutions$62,634
Interest-bearing balances$522
Securities$252,316
Federal funds sold & reverse repurchase agreements$12,350
Net loans & leases$711,186
Loan loss allowance $12,634
Trading account assets$0
Bank premises and fixed assets$34,648
Other real estate owned$825
Goodwill and other intangibles$26,938
All other assets$17,616
Life insurance assets$0
Total liabilities and capital$1,118,513
Total liabilities$1,011,622
Total deposits$945,180
Interest-bearing deposits$788,472
Deposits held in domestic offices$945,180
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $55,279
Trading liabilities$0
Other borrowed funds $3,637
Subordinated debt $0
All other liabilities $7,526
Total equity capital$106,891
Total bank equity capital$106,891
Perpetual preferred stock$106,891
Common stock$0
Surplus$25,000
Undivided profits $49,846
Memoranda
Noncurrent loans and leases $32,045
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $85,244
Income earned, not collected on loans $0
Earning assets $4,864
Long-term assets (5+ years) $174
Average Assets, year-to-date $8,234
Average Assets, quarterly $976,374
Volatile liabilities $142,389
Insider loans $1,003,261
FHLB advances $1,107,753
Loans and leases held for sale $201,978
Unused loan commitments $14,953
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $2,912
Total unused commitments $85,244
Restructured Loans and leases $481
Derivatives$10,610
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Income and Expense (December 31, 2000)
(Dollar figures in thousands)
Total interest income $77,029
Total interest expense $35,342
Net interest income $41,687
Provision for loan and lease losses $462
Total noninterest income $10,869
Fiduciary activities $2,165
Service charges on deposit accounts $4,071
Trading account gains & fees $0
Additional noninterest income $4,633
Total noninterest expense $31,046
Salaries and employee benefits $14,669
Premises and equipment expense $4,170
Additional noninterest expense $12,207
Pre-tax net operating income $21,048
Securities gains (losses) $77
Applicable income taxes $6,845
Income before extraordinary items $14,280
Extraordinary gains - net $0
Net income attributable to bank $14,280
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $122
Net operating income $7,500
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Performance and Condition Ratios (December 31, 2000)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets8.75%
Cost of funding earning assets 4.01%
Net interest margin 4.74%
Noninterest income to earning assets 1.23%
Noninterest expense to earning assets 3.53%
Net operating income to assets 1.42%
Return on assets (ROA) 1.42%
Pretax return on assets 2.11%
Return on equity (ROE) 16.07%
Retained earnings to average equity (YTD only) 7.63%
Net charge-offs to loans 0.02%
Credit loss provision to net charge-offs 378.69%
Efficiency ratio176.31%
Assets per employee$55,217
Cash dividends to net income (YTD only)2.67%
Condition Ratios (%)
Loss allowance to loans 52.52%
Loss allowance to noncurrent loans 1.75%
Noncurrent assets plus other real estate owned to assets 259.75%
Noncurrent loans to loans 0.51%
Net loans and leases to deposits0.67%
Net loans and leases to core deposits 75.24%
Equity capital to assets 88.66%
Core capital (leverage) ratio 9.56%
Tier 1 risk-based capital ratio 7.67%
Total risk-based capital ratio 9.90%
Memoranda
Average assets$11
Average earning assets$1,003,261
Average equity $88,871
Average loans $880,305
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