HeritageBank in Great Falls, Montana (MT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 06, 2007

  • HeritageBank in Great Falls, Montana (MT)
  • Show street view No street view available for this location

HeritageBank - Overview

  • General
  • FDIC Certificate #: 34970
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: U.S. Bank National Association (#6548)
    Federal Reserve ID: 2721747
    Date Established: August 10, 1998
    WWW: http://www.heritagemontana.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 13 (Interstate: No)
    FDIC's unique #: 62144
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: August 10, 1998
    Last Structure Change Effective Date: Febuary 06, 2007
    Last Structure Change Process Date: March 06, 2007
    Last Data Update: March 06, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 120 First Ave N, Great Falls, MT 59401
    County: Cascade
    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
    Metropolitan Statistical Area (MSA): Great Falls, MT (#3040)
    Core Based Statistical Area (CBSA): Great Falls, MT (#24500)
    CBSA Metro Statistical Area: Great Falls, MT (#24500)
  • Financial Summary
  • Total assets: $409.7 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, 2006)

  • Dollar figures in thousands
  • 136Total employees (full-time equivalent)
  • $409,744Total assets
  • $13,280Cash and due from depository institutions
  • $1,962Interest-bearing balances
  • $39,496Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $337,489Net loans & leases
  • $3,888Loan loss allowance
  • $0Trading account assets
  • $8,449Bank premises and fixed assets
  • $0Other real estate owned
  • $2,251Goodwill and other intangibles
  • $393Life insurance assets
  • $8,779All other assets
  • $409,744Total liabilities and capital
  • $375,046Total liabilities
  • $307,124Total deposits
  • $258,342Interest-bearing deposits
  • $307,124Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $10,079Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $52,795Other borrowed funds
  • $0Subordinated debt
  • $5,048All other liabilities
  • $34,698Total equity capital
  • $34,698Total bank equity capital
  • $34,698Perpetual preferred stock
  • $0Common stock
  • $100Surplus
  • $25,031Undivided profits
  • Memoranda
  • $9,567Noncurrent loans and leases
  • $66,386Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $562Earning assets
  • $0Long-term assets (5+ years)
  • $3,070Average Assets, year-to-date
  • $378,947Average Assets, quarterly
  • $80,915Volatile liabilities
  • $405,907Insider loans
  • $412,972FHLB advances
  • $59,914Loans and leases held for sale
  • $68Unused loan commitments
  • $52,795Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $7,992Total risk weighted assets
  • $66,386Total unused commitments
  • $0Restructured Loans and leases
  • $3,888Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $25,708Total interest income
  • $11,118Total interest expense
  • $14,590Net interest income
  • $175Provision for loan and lease losses
  • $4,842Total noninterest income
  • $0Fiduciary activities
  • $758Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4,084Additional noninterest income
  • $11,758Total noninterest expense
  • $7,375Salaries and employee benefits
  • $1,475Premises and equipment expense
  • $2,908Additional noninterest expense
  • $7,499Pre-tax net operating income
  • $0Securities gains (losses)
  • $2,866Applicable income taxes
  • $4,633Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,633Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $38Sale, conversion, retirement of capital stock, net
  • $1,250Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.91%Yield on earning assets
  • 2.99%Cost of funding earning assets
  • 3.92%Net interest margin
  • 1.30%Noninterest income to earning assets
  • 3.16%Noninterest expense to earning assets
  • 1.14%Net operating income to assets
  • 1.14%Return on assets (ROA)
  • 1.85%Pretax return on assets
  • 14.00%Return on equity (ROE)
  • 10.22%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 460.53%Credit loss provision to net charge-offs
  • 201.95%Efficiency ratio
  • 60,508Assets per employee
  • 3.01%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 26.98%Loss allowance to loans
  • 1.14%Loss allowance to noncurrent loans
  • 691.81%Noncurrent assets plus other real estate owned to assets
  • 0.14%Noncurrent loans to loans
  • 0.16%Net loans and leases to deposits
  • 109.89%Net loans and leases to core deposits
  • 131.17%Equity capital to assets
  • 8.47%Core capital (leverage) ratio
  • 8.02%Tier 1 risk-based capital ratio
  • 9.47%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $405,907Average earning assets
  • $33,093Average equity
  • $371,955Average loans

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