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
No
ID
Name
Address
Established
Service Type
Map
0
433600
Freedom Bank
530 9th Street West, Columbia Falls, MT 59912
April 12, 2005
Full Service Brick and Mortar
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