Rocky Mountain Bank of Plains in Plains, Montana (MT)



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Rocky Mountain Bank of Plains
GeneralFDIC Certificate #: 2198
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Rocky Mountain Bank (#20310)
Federal Reserve ID: 621254
Date Established: April 01, 1904
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 1 (Interstate: No)
FDIC's unique #: 1456
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: November 21, 1994
Last Structure Change Process Date: December 05, 1994
Last Data Update: December 05, 1994
Data Source Date: April 05, 2012
LocationAddress: 108 East Railroad Avenue, Plains, MT 59859
County: Sanders
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
Financial SummaryTotal assets: $26.4 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)
(Dollar figures in thousands)
Total employees (full-time equivalent)0
Total assets$13
Cash and due from depository institutions$26,401
Interest-bearing balances$899
Securities$100
Federal funds sold & reverse repurchase agreements$13,011
Net loans & leases$775
Loan loss allowance $11,041
Trading account assets$172
Bank premises and fixed assets$0
Other real estate owned$321
Goodwill and other intangibles$0
All other assets$0
Life insurance assets$354
Total liabilities and capital$0
Total liabilities$26,401
Total deposits$24,026
Interest-bearing deposits$23,943
Deposits held in domestic offices$19,992
% insured (estimated)23943.00%
Federal funds purchased & repurchase agreements $88
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $0
Total equity capital$83
Total bank equity capital$83
Perpetual preferred stock$2,375
Common stock$0
Surplus$600
Undivided profits $1,400
Memoranda
Noncurrent loans and leases $375
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $20
Earning assets $159
Long-term assets (5+ years) $24,927
Average Assets, year-to-date $2,982
Average Assets, quarterly $25,637
Volatile liabilities $25,857
Insider loans $2,120
FHLB advances $90
Loans and leases held for sale $0
Unused loan commitments $0
Tier 1 (core) risk-based capital $1,260
Tier 2 risk-based capital $0
Total risk weighted assets $2,318
Total unused commitments $12,672
Restructured Loans and leases $0
Derivatives$0
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Income and Expense (December 31, 1993)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $1,833
Net interest income $681
Provision for loan and lease losses $1,152
Total noninterest income $6
Fiduciary activities $177
Service charges on deposit accounts $0
Trading account gains & fees $107
Additional noninterest income $0
Total noninterest expense $70
Salaries and employee benefits $750
Premises and equipment expense $333
Additional noninterest expense $96
Pre-tax net operating income $321
Securities gains (losses) $573
Applicable income taxes $17
Income before extraordinary items $173
Extraordinary gains - net $417
Net income attributable to bank $0
Net charge-offs $417
Cash dividends -$1
Sale, conversion, retirement of capital stock, net $414
Net operating income $0
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Performance and Condition Ratios (December 31, 1993)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 7.63%
Net interest margin 2.84%
Noninterest income to earning assets 4.80%
Noninterest expense to earning assets 0.74%
Net operating income to assets 3.12%
Return on assets (ROA) 1.58%
Pretax return on assets 1.63%
Return on equity (ROE) 2.30%
Retained earnings to average equity (YTD only) 17.40%
Net charge-offs to loans 0.13%
Credit loss provision to net charge-offs -0.01%
Efficiency ratio-600.00%
Assets per employee$56,433
Cash dividends to net income (YTD only)2.03%
Condition Ratios (%)
Loss allowance to loans 99.28%
Loss allowance to noncurrent loans 1.53%
Noncurrent assets plus other real estate owned to assets 860.00%
Noncurrent loans to loans 0.08%
Net loans and leases to deposits0.18%
Net loans and leases to core deposits 46.11%
Equity capital to assets 50.59%
Core capital (leverage) ratio 9.00%
Tier 1 risk-based capital ratio 8.83%
Total risk-based capital ratio 18.29%
Memoranda
Average assets$20
Average earning assets$25,637
Average equity $2,397
Average loans $24,013
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