Freedom Bank in Columbia Falls, Montana (MT)
Overview, Financial Summary, Detailed Financial Reports, Branches


Freedom Bank - Overview

  • General
  • FDIC Certificate #: 58010
    Status: Active
    Federal Reserve ID: 3314119
    Bank Holding Company (Regulatory Top Holder): Freedom Bancorporation (RSSDID: 3314100, Location: Columbia Falls, MT)
    Date Established: April 12, 2005
    WWW: http://www.freedombankmt.com
    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 #: 433600
    Numeric code: 21
    Regulator: FDIC
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: April 12, 2005
    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: 530 9th Street West, Columbia Falls, MT 59912
    County: Flathead
    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): Kalispell, MT (#28060)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $45.7 mil
    Equity capital: $3.8 mil
    Deposits held in domestic offices: $41.8 mil
    Return on assets (ROA): -0.99% (-$0.5 mil)
    Quarterly return on assets: 0.43% ($0.2 mil)
    Return on Equity (ROE): -12.50% (-$0.5 mil)
    Quarterly return on equity: 5.17% ($0.2 mil)
    Net income: -$0.5 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: -0.99% (-$451.9 mil)
    Quarterly Pretax return on assets: 0.43% ($196.3 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
  • 12Total employees (full-time equivalent)
  • $45,651Total assets
  • $5,741Cash and due from depository institutions
  • $4,648Interest-bearing balances
  • $503Securities
  • $500Federal funds sold & reverse repurchase agreements
  • $33,009Net loans & leases
  • $1,058Loan loss allowance
  • $0Trading account assets
  • $2,219Bank premises and fixed assets
  • $3,454Other real estate owned
  • $0Goodwill and other intangibles
  • $45,652Life insurance assets
  • $225All other assets
  • $41,839Total liabilities and capital
  • $41,819Total liabilities
  • $38,780Total deposits
  • $41,819Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $20Subordinated debt
  • $3,813All other liabilities
  • $3,813Total equity capital
  • $3,813Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $5,420Surplus
  • $-2,607Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,847Income earned, not collected on loans
  • $0Earning assets
  • $167Long-term assets (5+ years)
  • $38,660Average Assets, year-to-date
  • $2,003Average Assets, quarterly
  • $48,260Volatile liabilities
  • $46,028Insider loans
  • $35,423FHLB advances
  • $48,161Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $3,813Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $878Restructured Loans and leases
  • $903Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,310Total interest income
  • $539Total interest expense
  • $1,771Net interest income
  • $816Provision for loan and lease losses
  • $121Total noninterest income
  • $0Fiduciary activities
  • $91Service charges on deposit accounts
  • $0Trading account gains & fees
  • $30Additional noninterest income
  • $1,553Total noninterest expense
  • $776Salaries and employee benefits
  • $167Premises and equipment expense
  • $610Additional noninterest expense
  • -$477Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$477Income before extraordinary items
  • $0Extraordinary gains - net
  • -$477Net income attributable to bank
  • $0Net charge-offs
  • -$477Cash dividends
  • $883Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.55%Yield on earning assets
  • 1.30%Cost of funding earning assets
  • 4.26%Net interest margin
  • 0.29%Noninterest income to earning assets
  • 3.73%Noninterest expense to earning assets
  • -0.99%Net operating income to assets
  • -0.99%Return on assets (ROA)
  • -0.99%Pretax return on assets
  • -12.50%Return on equity (ROE)
  • -12.50%Retained earnings to average equity (YTD only)
  • 2.38%Net charge-offs to loans
  • 92.41%Credit loss provision to net charge-offs
  • 0.38%Efficiency ratio
  • 82,082Assets per employee
  • 3.80%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.11%Loss allowance to noncurrent loans
  • 37.16%Noncurrent assets plus other real estate owned to assets
  • 13.80%Noncurrent loans to loans
  • 8.36%Net loans and leases to deposits
  • 78.93%Net loans and leases to core deposits
  • 84.77%Equity capital to assets
  • 8.35%Core capital (leverage) ratio
  • 7.92%Tier 1 risk-based capital ratio
  • 10.76%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $48,260Average earning assets
  • $3,815Average equity
  • $41,611Average loans

List of branches

  • 1 Montana Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0433600Freedom Bank530 9th Street West, Columbia Falls, MT 59912April 12, 2005Full Service Brick and Mortar

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