Q Bank in Fort Benton, Montana (MT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 07, 1998

Q Bank in Fort Benton, Montana (MT)
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Q Bank - Overview

General
FDIC Certificate #: 2174
Status: Inactive
Closing history: Corrections
Acquiring institution: HeritageBank (#34970)
Federal Reserve ID: 673253
Date Established: November 26, 1915
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 2 (Interstate: No)
FDIC's unique #: 1439
Numeric code: 13
Regulator: FED
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: August 07, 1998
Last Structure Change Process Date: August 11, 1998
Last Data Update: May 06, 1999
Data Source Date: April 05, 2012
Location
Address: 1304 Front Street, Fort Benton, MT 59442
County: Chouteau
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
Absorption - Assisted
Corrections
Financial Summary
Total assets: $15.0 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

Dollar figures in thousands
11Total employees (full-time equivalent)
$17,706Total assets
$738Cash and due from depository institutions
$0Interest-bearing balances
$1,206Securities
$0Federal funds sold & reverse repurchase agreements
$14,559Net loans & leases
$364Loan loss allowance
$0Trading account assets
$640Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$563All other assets
$17,706Total liabilities and capital
$15,793Total liabilities
$15,324Total deposits
$13,203Interest-bearing deposits
$15,324Deposits held in domestic offices
0.00%% insured (estimated)
$280Federal funds purchased & repurchase agreements
$0Trading liabilities
$90Other borrowed funds
$0Subordinated debt
$99All other liabilities
$1,913Total equity capital
$1,913Total bank equity capital
$1,913Perpetual preferred stock
$0Common stock
$400Surplus
$1,300Undivided profits
Memoranda
$213Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$655Earning assets
$0Long-term assets (5+ years)
$530Average Assets, year-to-date
$15,765Average Assets, quarterly
$1,953Volatile liabilities
$16,543Insider loans
$17,627FHLB advances
$1,543Loans and leases held for sale
$352Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,635Total unused commitments
$0Restructured Loans and leases
$16,640Derivatives

Income and Expense (December 31, 1997)

Dollar figures in thousands
$1,408Total interest income
$625Total interest expense
$783Net interest income
$100Provision for loan and lease losses
$258Total noninterest income
$0Fiduciary activities
$86Service charges on deposit accounts
$0Trading account gains & fees
$172Additional noninterest income
$727Total noninterest expense
$354Salaries and employee benefits
$112Premises and equipment expense
$261Additional noninterest expense
$214Pre-tax net operating income
$0Securities gains (losses)
$21Applicable income taxes
$193Income before extraordinary items
$0Extraordinary gains - net
$193Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$10Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1997)

Dollar figures in thousands
Performance Ratios (%, annualized)
9.54%Yield on earning assets
4.24%Cost of funding earning assets
5.31%Net interest margin
1.75%Noninterest income to earning assets
4.93%Noninterest expense to earning assets
1.17%Net operating income to assets
1.17%Return on assets (ROA)
1.29%Pretax return on assets
10.51%Return on equity (ROE)
10.51%Retained earnings to average equity (YTD only)
-0.07%Net charge-offs to loans
-1000.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
69,837Assets per employee
1.61%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.44%Loss allowance to noncurrent loans
55.57%Noncurrent assets plus other real estate owned to assets
3.70%Noncurrent loans to loans
4.39%Net loans and leases to deposits
95.01%Net loans and leases to core deposits
102.88%Equity capital to assets
10.80%Core capital (leverage) ratio
10.93%Tier 1 risk-based capital ratio
11.49%Total risk-based capital ratio
Memoranda
$13Average assets
$16,543Average earning assets
$1,837Average equity
$14,755Average loans

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