West One Bank in Kalispell, Montana (MT)
Overview, Financial Summary, Detailed Financial Reports, Branches

West One Bank - Overview

  • General
  • FDIC Certificate #: 57534
    Status: Active
    Federal Reserve ID: 3140309
    Bank Holding Company (Regulatory Top Holder): Bitterroot Holding Company (RSSDID: 1128880, Location: Lolo, MT)
    Date Established: April 01, 2003
    WWW: http://www.westonebank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 365178
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: April 01, 2003
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 222 West Idaho Street, Kalispell, MT 59901
    County: Flathead
    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
    Core Based Statistical Area (CBSA): Kalispell, MT (#28060)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $43.3 mil
    Equity capital: $5.2 mil
    Deposits held in domestic offices: $32.3 mil
    Return on assets (ROA): -2.13% (-$0.9 mil)
    Quarterly return on assets: -9.80% (-$4.2 mil)
    Return on Equity (ROE): -16.20% (-$0.8 mil)
    Quarterly return on equity: -74.90% (-$3.7 mil)
    Net income: -$1.0 mil
    Quarterly Net income: -$1.1 mil
    Pretax return on assets: -3.46% (-$1,497.5 mil)
    Quarterly Pretax return on assets: -15.88% (-$6,872.9 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, 2011)

  • Dollar figures in thousands
  • 13Total employees (full-time equivalent)
  • $43,280Total assets
  • $8,124Cash and due from depository institutions
  • $6,810Interest-bearing balances
  • $0Securities
  • $859Federal funds sold & reverse repurchase agreements
  • $29,169Net loans & leases
  • $831Loan loss allowance
  • $0Trading account assets
  • $3,144Bank premises and fixed assets
  • $460Other real estate owned
  • $0Goodwill and other intangibles
  • $43,280Life insurance assets
  • $1,524All other assets
  • $38,130Total liabilities and capital
  • $32,276Total liabilities
  • $28,749Total deposits
  • $32,276Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,776Trading liabilities
  • $0Other borrowed funds
  • $78Subordinated debt
  • $5,150All other liabilities
  • $5,150Total equity capital
  • $5,150Total bank equity capital
  • $0Perpetual preferred stock
  • $1,140Common stock
  • $4,245Surplus
  • $-235Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $277Income earned, not collected on loans
  • $0Earning assets
  • $148Long-term assets (5+ years)
  • $36,838Average Assets, year-to-date
  • $12,790Average Assets, quarterly
  • $45,246Volatile liabilities
  • $43,438Insider loans
  • $30,204FHLB advances
  • $43,478Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $4,664Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,154Restructured Loans and leases
  • $133Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,375Total interest income
  • $703Total interest expense
  • $1,672Net interest income
  • $2,140Provision for loan and lease losses
  • $196Total noninterest income
  • $0Fiduciary activities
  • $114Service charges on deposit accounts
  • $0Trading account gains & fees
  • $82Additional noninterest income
  • $1,293Total noninterest expense
  • $570Salaries and employee benefits
  • $257Premises and equipment expense
  • $466Additional noninterest expense
  • -$1,565Pre-tax net operating income
  • $0Securities gains (losses)
  • -$600Applicable income taxes
  • -$965Income before extraordinary items
  • $0Extraordinary gains - net
  • -$965Net income attributable to bank
  • $0Net charge-offs
  • -$965Cash dividends
  • $2,443Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.06%Yield on earning assets
  • 1.79%Cost of funding earning assets
  • 4.27%Net interest margin
  • 0.50%Noninterest income to earning assets
  • 3.30%Noninterest expense to earning assets
  • -2.13%Net operating income to assets
  • -2.13%Return on assets (ROA)
  • -3.46%Pretax return on assets
  • -16.20%Return on equity (ROE)
  • -16.20%Retained earnings to average equity (YTD only)
  • 7.24%Net charge-offs to loans
  • 87.60%Credit loss provision to net charge-offs
  • 0.24%Efficiency ratio
  • 69,218Assets per employee
  • 3.33%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.77%Loss allowance to noncurrent loans
  • 300.00%Noncurrent assets plus other real estate owned to assets
  • 1.70%Noncurrent loans to loans
  • 0.92%Net loans and leases to deposits
  • 90.37%Net loans and leases to core deposits
  • 93.62%Equity capital to assets
  • 11.90%Core capital (leverage) ratio
  • 10.73%Tier 1 risk-based capital ratio
  • 15.44%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $45,246Average earning assets
  • $5,956Average equity
  • $39,201Average loans

List of branches

  • 2 Montana Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0365178West One Bank222 West Idaho Street, Kalispell, MT 59901April 01, 2003Full Service Brick and Mortar
    1480117Evergreen Branch2604 Highway 2 East, Kalispell, MT 59901July 28, 2008Full Service Brick and Mortar

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with West One Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents