FDIC Certificate #: 14628 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Independence Bank (#20989) Federal Reserve ID: 625458 Date Established: January 01, 1916 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 9145 Numeric code: 21 Regulator: FDIC 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: August 01, 1934 Last Structure Change Effective Date: June 29, 1998 Last Structure Change Process Date: July 09, 1998 Last Data Update: July 09, 1998 Data Source Date: April 05, 2012
Location
Address: 202 Main Street, Scobey, MT 59263 County: Daniels 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 Summary
Total assets: $31.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
11Total employees (full-time equivalent)
$31,401Total assets
$3,117Cash and due from depository institutions
$400Interest-bearing balances
$6,535Securities
$1,675Federal funds sold & reverse repurchase agreements
$19,083Net loans & leases
$322Loan loss allowance
$0Trading account assets
$216Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$775All other assets
$31,401Total liabilities and capital
$28,899Total liabilities
$28,077Total deposits
$24,463Interest-bearing deposits
$28,077Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$822All other liabilities
$2,502Total equity capital
$2,502Total bank equity capital
$2,502Perpetual preferred stock
$0Common stock
$500Surplus
$1,000Undivided profits
Memoranda
$1,002Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$603Average Assets, year-to-date
$27,693Average Assets, quarterly
$11,138Volatile liabilities
$32,216Insider loans
$31,932FHLB advances
$500Loans and leases held for sale
$303Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$701Total unused commitments
$0Restructured Loans and leases
$22,469Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$2,451Total interest income
$1,052Total interest expense
$1,399Net interest income
-$25Provision for loan and lease losses
$113Total noninterest income
$0Fiduciary activities
$60Service charges on deposit accounts
$0Trading account gains & fees
$53Additional noninterest income
$829Total noninterest expense
$475Salaries and employee benefits
$98Premises and equipment expense
$256Additional noninterest expense
$708Pre-tax net operating income
$13Securities gains (losses)
$214Applicable income taxes
$507Income before extraordinary items
$0Extraordinary gains - net
$507Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$25Sale, conversion, retirement of capital stock, net
$735Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.38%Yield on earning assets
3.60%Cost of funding earning assets
4.78%Net interest margin
0.39%Noninterest income to earning assets
2.83%Noninterest expense to earning assets
1.55%Net operating income to assets
1.57%Return on assets (ROA)
2.24%Pretax return on assets
18.09%Return on equity (ROE)
-8.14%Retained earnings to average equity (YTD only)
-0.13%Net charge-offs to loans
100.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
54,828Assets per employee
2.85%Cash dividends to net income (YTD only)
Condition Ratios (%)
144.97%Loss allowance to loans
1.66%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
67.97%Net loans and leases to core deposits
69.20%Equity capital to assets
7.97%Core capital (leverage) ratio
7.90%Tier 1 risk-based capital ratio
11.03%Total risk-based capital ratio
Memoranda
$12Average assets
$32,216Average earning assets
$2,802Average equity
$29,254Average loans
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