First State Bank of Forsyth in Forsyth, Montana (MT)
Overview, Financial Summary, Detailed Financial Reports, Branches

First State Bank of Forsyth - Overview

  • General
  • FDIC Certificate #: 8317
    Status: Active
    Federal Reserve ID: 597658
    Bank Holding Company (Regulatory Top Holder): Forsyth Bancshares, Inc. (RSSDID: 1247017, Location: Forsyth, MT)
    Date Established: January 01, 1917
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 5309
    Numeric code: 21
    Regulator: FDIC
    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 25, 2008
    Last Structure Change Process Date: March 25, 2008
    Last Data Update: March 25, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 880 Main Street, Forsyth, MT 59327
    County: Rosebud
    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
  • Change in Location
  • Financial Summary
  • Total assets: $109.9 mil
    Equity capital: $11.8 mil
    Deposits held in domestic offices: $91.8 mil
    Return on assets (ROA): 1.04% ($1.1 mil)
    Quarterly return on assets: 0.71% ($0.8 mil)
    Return on Equity (ROE): 10.26% ($1.2 mil)
    Quarterly return on equity: 6.61% ($0.8 mil)
    Net income: $1.1 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.31% ($1,440.1 mil)
    Quarterly Pretax return on assets: 0.78% ($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
  • 20Total employees (full-time equivalent)
  • $109,933Total assets
  • $12,147Cash and due from depository institutions
  • $5,615Interest-bearing balances
  • $53,815Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $42,688Net loans & leases
  • $698Loan loss allowance
  • $0Trading account assets
  • $211Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $109,933Life insurance assets
  • $1,072All other assets
  • $98,169Total liabilities and capital
  • $91,775Total liabilities
  • $78,782Total deposits
  • $91,775Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 5786.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $608Subordinated debt
  • $11,764All other liabilities
  • $11,764Total equity capital
  • $11,764Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $4,000Surplus
  • $6,764Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,072Income earned, not collected on loans
  • $0Earning assets
  • $810Long-term assets (5+ years)
  • $102,118Average Assets, year-to-date
  • $51,203Average Assets, quarterly
  • $107,121Volatile liabilities
  • $109,307Insider loans
  • $57,653FHLB advances
  • $110,305Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $10,703Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,748Restructured Loans and leases
  • $66Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,435Total interest income
  • $1,146Total interest expense
  • $3,289Net interest income
  • $215Provision for loan and lease losses
  • $233Total noninterest income
  • $0Fiduciary activities
  • $212Service charges on deposit accounts
  • $0Trading account gains & fees
  • $21Additional noninterest income
  • $1,944Total noninterest expense
  • $1,069Salaries and employee benefits
  • $104Premises and equipment expense
  • $771Additional noninterest expense
  • $1,363Pre-tax net operating income
  • $35Securities gains (losses)
  • $288Applicable income taxes
  • $1,110Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,110Net income attributable to bank
  • $0Net charge-offs
  • $1,110Cash dividends
  • $298Sale, conversion, retirement of capital stock, net
  • $155Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.38%Yield on earning assets
  • 1.13%Cost of funding earning assets
  • 3.25%Net interest margin
  • 0.23%Noninterest income to earning assets
  • 1.92%Noninterest expense to earning assets
  • 1.01%Net operating income to assets
  • 1.04%Return on assets (ROA)
  • 1.31%Pretax return on assets
  • 10.26%Return on equity (ROE)
  • 8.83%Retained earnings to average equity (YTD only)
  • 0.70%Net charge-offs to loans
  • 72.15%Credit loss provision to net charge-offs
  • 5.30%Efficiency ratio
  • 55,196Assets per employee
  • 5.50%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 13.96%Loss allowance to loans
  • 1.61%Loss allowance to noncurrent loans
  • 65.11%Noncurrent assets plus other real estate owned to assets
  • 0.98%Noncurrent loans to loans
  • 2.47%Net loans and leases to deposits
  • 46.51%Net loans and leases to core deposits
  • 53.06%Equity capital to assets
  • 10.70%Core capital (leverage) ratio
  • 9.70%Tier 1 risk-based capital ratio
  • 18.56%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $107,121Average earning assets
  • $10,817Average equity
  • $101,216Average loans

List of branches

  • 1 Montana Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05309First State Bank Of Forsyth880 Main Street, Forsyth, MT 59327January 01, 1917Full Service Brick and Mortar

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