First Montana Bank, Inc. in Libby, Montana (MT)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Montana Bank, Inc. - Overview

  • General
  • FDIC Certificate #: 363
    Status: Active
    Federal Reserve ID: 613156
    Bank Holding Company (Regulatory Top Holder): First National Bancorp, Inc. (RSSDID: 1134845, Location: Missoula, MT)
    Date Established: January 01, 1913
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 9 (Domestic: 9, Interstate: No)
    OTS Docket #: 11587
    FDIC's unique #: 287
    Numeric code: 13
    Regulator: FED
    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: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: December 30, 2009
    Last Structure Change Process Date: January 27, 2010
    Last Data Update: January 27, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 504 Mineral Avenue, Libby, MT 59923
    County: Lincoln
    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
  • Corrections
    Name Change
  • Financial Summary
  • Total assets: $295.7 mil
    Equity capital: $28.7 mil
    Deposits held in domestic offices: $243.2 mil
    Return on assets (ROA): 0.36% ($1.1 mil)
    Quarterly return on assets: 0.19% ($0.6 mil)
    Return on Equity (ROE): 3.99% ($1.2 mil)
    Quarterly return on equity: 2.05% ($0.6 mil)
    Net income: $1.1 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.54% ($1,596.8 mil)
    Quarterly Pretax return on assets: 0.29% ($857.5 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
  • 90Total employees (full-time equivalent)
  • $295,700Total assets
  • $3,972Cash and due from depository institutions
  • $235Interest-bearing balances
  • $85,984Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $177,544Net loans & leases
  • $3,386Loan loss allowance
  • $0Trading account assets
  • $14,869Bank premises and fixed assets
  • $1,736Other real estate owned
  • $1,069Goodwill and other intangibles
  • $295,700Life insurance assets
  • $10,526All other assets
  • $266,975Total liabilities and capital
  • $243,246Total liabilities
  • $202,559Total deposits
  • $243,246Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 12732.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $8,147Trading liabilities
  • $0Other borrowed funds
  • $2,850Subordinated debt
  • $28,725All other liabilities
  • $28,725Total equity capital
  • $28,725Total bank equity capital
  • $0Perpetual preferred stock
  • $2,500Common stock
  • $12,875Surplus
  • $13,350Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $3,159Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,569Income earned, not collected on loans
  • $312Earning assets
  • $1,027Long-term assets (5+ years)
  • $263,763Average Assets, year-to-date
  • $61,465Average Assets, quarterly
  • $298,246Volatile liabilities
  • $296,739Insider loans
  • $193,261FHLB advances
  • $294,066Loans and leases held for sale
  • $6,206Unused loan commitments
  • $4,459Tier 1 (core) risk-based capital
  • $26,515Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,747Total unused commitments
  • $16,960Restructured Loans and leases
  • $125Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $14,214Total interest income
  • $2,120Total interest expense
  • $12,094Net interest income
  • $2,012Provision for loan and lease losses
  • $1,754Total noninterest income
  • $0Fiduciary activities
  • $932Service charges on deposit accounts
  • $0Trading account gains & fees
  • $822Additional noninterest income
  • $10,297Total noninterest expense
  • $5,352Salaries and employee benefits
  • $1,318Premises and equipment expense
  • $3,627Additional noninterest expense
  • $1,539Pre-tax net operating income
  • $70Securities gains (losses)
  • $525Applicable income taxes
  • $1,084Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,084Net income attributable to bank
  • $0Net charge-offs
  • $1,084Cash dividends
  • $2,386Sale, conversion, retirement of capital stock, net
  • $520Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.29%Yield on earning assets
  • 0.79%Cost of funding earning assets
  • 4.50%Net interest margin
  • 0.65%Noninterest income to earning assets
  • 3.83%Noninterest expense to earning assets
  • 0.35%Net operating income to assets
  • 0.36%Return on assets (ROA)
  • 0.54%Pretax return on assets
  • 3.99%Return on equity (ROE)
  • 2.08%Retained earnings to average equity (YTD only)
  • 1.28%Net charge-offs to loans
  • 84.33%Credit loss provision to net charge-offs
  • 1.49%Efficiency ratio
  • 74,357Assets per employee
  • 3.29%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 47.97%Loss allowance to loans
  • 1.87%Loss allowance to noncurrent loans
  • 94.87%Noncurrent assets plus other real estate owned to assets
  • 1.79%Noncurrent loans to loans
  • 1.97%Net loans and leases to deposits
  • 72.99%Net loans and leases to core deposits
  • 77.29%Equity capital to assets
  • 9.71%Core capital (leverage) ratio
  • 9.02%Tier 1 risk-based capital ratio
  • 13.72%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $298,246Average earning assets
  • $27,153Average equity
  • $268,786Average loans

List of branches

  • 9 Montana Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0287First Montana Bank, Inc.504 Mineral Avenue, Libby, MT 59923January 01, 1913Full Service Brick and Mortar
    113136Libby Detached Facility600 East Missoula Avenue, Troy, MT 59935December 28, 1964Full Service Brick and Mortar
    3561331940 Dewey Boulevard Branch1940 Dewey Boulevard, Butte, MT 59701September 05, 1995Full Service Brick and Mortar
    4181572Anaconda Branch123 Main Street, Anaconda, MT 59711July 01, 1997Full Service Brick and Mortar
    6181574Missoula Branch201 North Higgins, Missoula, MT 59802August 05, 1998Full Service Brick and Mortar
    8181575Missoula Brooks Street Branch3309 Brooks St, Missoula, MT 59801Febuary 01, 1999Full Service Brick and Mortar
    9181576Anaconda Branch1121 Eastpark, Anaconda, MT 59711September 22, 1999Full Service Brick and Mortar
    10360587Bozeman Branch1336 Stoneridge Drive, Bozeman, MT 59718May 21, 2001Full Service Brick and Mortar
    1156964Montana First National Bk. Branch85 North Main Street, Kalispell, MT 59901July 18, 1996Full Service Brick and Mortar

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