FirstWest Bank in Glendive, Montana (MT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 05, 1997

  • FirstWest Bank in Glendive, Montana (MT)
  • Show street view No street view available for this location

FirstWest Bank - Overview

  • General
  • FDIC Certificate #: 2177
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Stockman Bank of Montana (#16191)
    Federal Reserve ID: 644253
    Date Established: December 21, 1903
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    OTS Docket #: 10942
    FDIC's unique #: 1441
    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: April 05, 1997
    Last Structure Change Process Date: April 30, 1997
    Last Data Update: May 01, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 204 West Bell Street, Glendive, MT 59330
    County: Dawson
    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
  • Merger - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $112.0 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $31Total assets
  • $109,996Cash and due from depository institutions
  • $3,419Interest-bearing balances
  • $8Securities
  • $59,227Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $44,704Loan loss allowance
  • $1,120Trading account assets
  • $0Bank premises and fixed assets
  • $1,039Other real estate owned
  • $0Goodwill and other intangibles
  • $1,607Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $109,996Total liabilities
  • $100,852Total deposits
  • $87,737Interest-bearing deposits
  • $75,999Deposits held in domestic offices
  • 87737.00%% insured (estimated)
  • $94Federal funds purchased & repurchase agreements
  • $12,085Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $1,030Total equity capital
  • $1,030Total bank equity capital
  • $9,144Perpetual preferred stock
  • $0Common stock
  • $1,200Surplus
  • $5,550Undivided profits
  • Memoranda
  • $2,394Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $441Income earned, not collected on loans
  • $892Earning assets
  • $103,939Long-term assets (5+ years)
  • $12,639Average Assets, year-to-date
  • $110,714Average Assets, quarterly
  • $108,598Volatile liabilities
  • $17,068Insider loans
  • $20FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $8,907Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $9,091Total risk weighted assets
  • $57,667Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $7,883Total interest expense
  • $3,895Net interest income
  • $3,988Provision for loan and lease losses
  • $0Total noninterest income
  • $507Fiduciary activities
  • $0Service charges on deposit accounts
  • $354Trading account gains & fees
  • $0Additional noninterest income
  • $153Total noninterest expense
  • $2,161Salaries and employee benefits
  • $1,003Premises and equipment expense
  • $221Additional noninterest expense
  • $937Pre-tax net operating income
  • $2,334Securities gains (losses)
  • -$13Applicable income taxes
  • $869Income before extraordinary items
  • $1,452Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,452Net charge-offs
  • -$3Cash dividends
  • $1,000Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.55%Cost of funding earning assets
  • 3.73%Net interest margin
  • 3.82%Noninterest income to earning assets
  • 0.49%Noninterest expense to earning assets
  • 2.07%Net operating income to assets
  • 1.32%Return on assets (ROA)
  • 1.31%Pretax return on assets
  • 2.10%Return on equity (ROE)
  • 16.71%Retained earnings to average equity (YTD only)
  • 5.20%Net charge-offs to loans
  • -0.01%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 48,076Assets per employee
  • 3.55%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 68.87%Loss allowance to loans
  • 2.44%Loss allowance to noncurrent loans
  • 253.97%Noncurrent assets plus other real estate owned to assets
  • 0.40%Noncurrent loans to loans
  • 0.96%Net loans and leases to deposits
  • 50.95%Net loans and leases to core deposits
  • 54.02%Equity capital to assets
  • 8.31%Core capital (leverage) ratio
  • 8.35%Tier 1 risk-based capital ratio
  • 15.76%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $110,714Average earning assets
  • $8,687Average equity
  • $104,360Average loans

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