FDIC Certificate #: 27985 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Heritage Bank, a Federal Savings Bank (#32319) Federal Reserve ID: 784672 Date Established: January 01, 1923 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 678 FDIC's unique #: 40819 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: March 01, 1935 Last Structure Change Effective Date: May 04, 1998 Last Structure Change Process Date: June 09, 1998 Last Data Update: June 09, 1998 Data Source Date: April 05, 2012
Location
Address: 601 First Ave North, Great Falls, MT 59401 County: Cascade Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: Kansas City 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: $86.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
27Total employees (full-time equivalent)
$86,903Total assets
$3,955Cash and due from depository institutions
$3,005Interest-bearing balances
$42,703Securities
$75Federal funds sold & reverse repurchase agreements
$36,703Net loans & leases
$300Loan loss allowance
$0Trading account assets
$1,349Bank premises and fixed assets
$348Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,770All other assets
$86,903Total liabilities and capital
$71,674Total liabilities
$71,121Total deposits
$70,451Interest-bearing deposits
$71,121Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$553All other liabilities
$15,229Total equity capital
$15,229Total bank equity capital
$15,229Perpetual preferred stock
$0Common stock
$1,223Surplus
$7,663Undivided profits
Memoranda
$6,343Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$174Earning assets
$0Long-term assets (5+ years)
$283Average Assets, year-to-date
$82,486Average Assets, quarterly
$0Volatile liabilities
$94,050Insider loans
$90,313FHLB advances
$9,182Loans and leases held for sale
$959Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,136Total unused commitments
$0Restructured Loans and leases
$36,313Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$6,725Total interest income
$3,460Total interest expense
$3,265Net interest income
$225Provision for loan and lease losses
$676Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$676Additional noninterest income
$2,086Total noninterest expense
$1,260Salaries and employee benefits
$346Premises and equipment expense
$480Additional noninterest expense
$1,630Pre-tax net operating income
$0Securities gains (losses)
$610Applicable income taxes
$1,020Income before extraordinary items
$0Extraordinary gains - net
$1,020Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$1,186Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.49%Yield on earning assets
3.86%Cost of funding earning assets
3.64%Net interest margin
0.75%Noninterest income to earning assets
2.32%Noninterest expense to earning assets
1.08%Net operating income to assets
1.08%Return on assets (ROA)
1.73%Pretax return on assets
6.66%Return on equity (ROE)
-1.08%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
52,931Assets per employee
3.22%Cash dividends to net income (YTD only)
Condition Ratios (%)
116.27%Loss allowance to loans
0.81%Loss allowance to noncurrent loans
172.41%Noncurrent assets plus other real estate owned to assets
0.20%Noncurrent loans to loans
0.47%Net loans and leases to deposits
51.61%Net loans and leases to core deposits
59.26%Equity capital to assets
17.52%Core capital (leverage) ratio
17.19%Tier 1 risk-based capital ratio
40.96%Total risk-based capital ratio
Memoranda
$42Average assets
$94,050Average earning assets
$15,306Average equity
$89,743Average loans
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