Garfield County Bank in Jordan, Montana (MT)
Overview, Financial Summary, Detailed Financial Reports, Branches


Garfield County Bank - Overview

  • General
  • FDIC Certificate #: 18164
    Status: Active
    Federal Reserve ID: 608358
    Bank Holding Company (Regulatory Top Holder): Garfield County Bancshares, Inc. (RSSDID: 1842551, Location: Jordan, MT)
    Date Established: March 14, 1960
    WWW: http://www.garfieldcountybank.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 #: 12085
    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: March 14, 1960
    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: 444 Main Street, Jordan, MT 59337
    County: Garfield
    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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $50.7 mil
    Equity capital: $5.8 mil
    Deposits held in domestic offices: $44.1 mil
    Return on assets (ROA): 1.49% ($0.8 mil)
    Quarterly return on assets: 1.16% ($0.6 mil)
    Return on Equity (ROE): 12.32% ($0.7 mil)
    Quarterly return on equity: 9.61% ($0.6 mil)
    Net income: $0.7 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 2.38% ($1,207.4 mil)
    Quarterly Pretax return on assets: 2.34% ($1,187.1 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
  • 9Total employees (full-time equivalent)
  • $50,729Total assets
  • $832Cash and due from depository institutions
  • $0Interest-bearing balances
  • $4,731Securities
  • $9,350Federal funds sold & reverse repurchase agreements
  • $33,651Net loans & leases
  • $663Loan loss allowance
  • $0Trading account assets
  • $932Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $50,729Life insurance assets
  • $1,233All other assets
  • $44,916Total liabilities and capital
  • $44,143Total liabilities
  • $37,554Total deposits
  • $44,143Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $773Subordinated debt
  • $5,813All other liabilities
  • $5,813Total equity capital
  • $5,813Total bank equity capital
  • $0Perpetual preferred stock
  • $400Common stock
  • $2,600Surplus
  • $2,813Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $832Income earned, not collected on loans
  • $0Earning assets
  • $402Long-term assets (5+ years)
  • $47,732Average Assets, year-to-date
  • $3,214Average Assets, quarterly
  • $45,196Volatile liabilities
  • $47,689Insider loans
  • $40,207FHLB advances
  • $49,242Loans and leases held for sale
  • $458Unused loan commitments
  • $458Tier 1 (core) risk-based capital
  • $5,797Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,103Restructured Loans and leases
  • $246Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,389Total interest income
  • $459Total interest expense
  • $1,930Net interest income
  • $59Provision for loan and lease losses
  • $207Total noninterest income
  • $0Fiduciary activities
  • $132Service charges on deposit accounts
  • $0Trading account gains & fees
  • $75Additional noninterest income
  • $1,002Total noninterest expense
  • $504Salaries and employee benefits
  • $172Premises and equipment expense
  • $326Additional noninterest expense
  • $1,076Pre-tax net operating income
  • $0Securities gains (losses)
  • $402Applicable income taxes
  • $674Income before extraordinary items
  • $0Extraordinary gains - net
  • $674Net income attributable to bank
  • $0Net charge-offs
  • $674Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $35Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.69%Yield on earning assets
  • 1.09%Cost of funding earning assets
  • 4.60%Net interest margin
  • 0.49%Noninterest income to earning assets
  • 2.39%Noninterest expense to earning assets
  • 1.49%Net operating income to assets
  • 1.49%Return on assets (ROA)
  • 2.38%Pretax return on assets
  • 12.32%Return on equity (ROE)
  • 11.68%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 46,888Assets per employee
  • 5.64%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 5.19%Loss allowance to loans
  • 1.93%Loss allowance to noncurrent loans
  • 79.69%Noncurrent assets plus other real estate owned to assets
  • 1.64%Noncurrent loans to loans
  • 2.42%Net loans and leases to deposits
  • 76.23%Net loans and leases to core deposits
  • 83.34%Equity capital to assets
  • 11.46%Core capital (leverage) ratio
  • 11.77%Tier 1 risk-based capital ratio
  • 14.42%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $45,196Average earning assets
  • $5,471Average equity
  • $41,964Average loans

List of branches

  • 1 Montana Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    012085Garfield County Bank444 Main Street, Jordan, MT 59337March 14, 1960Full Service Brick and Mortar

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