Western Security Bank in Missoula, Montana (MT)



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Western Security Bank
GeneralFDIC Certificate #: 28280
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Western Security Bank (#57248)
Federal Reserve ID: 831978
Date Established: January 01, 1911
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 1288
FDIC's unique #: 41114
Numeric code: 33
Regulator: OTS
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
Oakar Institutions: Yes
State Chartered: No
Date of Deposit Insurance: August 24, 1937
Last Structure Change Effective Date: May 17, 2001
Last Structure Change Process Date: June 04, 2001
Last Data Update: June 04, 2001
Data Source Date: April 05, 2012
LocationAddress: 100 East Broadway, Missoula, MT 59806
County: Missoula
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
Metropolitan Statistical Area (MSA): Missoula, MT (#5140)
Core Based Statistical Area (CBSA): Missoula, MT (#33540)
CBSA Metro Statistical Area: Missoula, MT (#33540)
Financial SummaryTotal assets: $916.6 mil

1992 - 1999 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, 2000)
(Dollar figures in thousands)
Total employees (full-time equivalent)296
Total assets$927,154
Cash and due from depository institutions$19,600
Interest-bearing balances$2,201
Securities$209,042
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$626,172
Loan loss allowance $6,856
Trading account assets$0
Bank premises and fixed assets$24,134
Other real estate owned$1,300
Goodwill and other intangibles$17,273
All other assets$29,633
Life insurance assets$0
Total liabilities and capital$927,154
Total liabilities$834,375
Total deposits$612,551
Interest-bearing deposits$566,021
Deposits held in domestic offices$612,551
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $9,032
Trading liabilities$0
Other borrowed funds $198,572
Subordinated debt $0
All other liabilities $14,220
Total equity capital$92,779
Total bank equity capital$92,779
Perpetual preferred stock$92,779
Common stock$0
Surplus$22
Undivided profits $72,210
Memoranda
Noncurrent loans and leases $20,547
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $51,835
Income earned, not collected on loans $0
Earning assets $4,021
Long-term assets (5+ years) $0
Average Assets, year-to-date $4,662
Average Assets, quarterly $837,415
Volatile liabilities $0
Insider loans $958,769
FHLB advances $929,150
Loans and leases held for sale $300,345
Unused loan commitments $344
Tier 1 (core) risk-based capital $198,404
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $51,835
Restructured Loans and leases $291
Derivatives$6,902
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Income and Expense (December 31, 2000)
(Dollar figures in thousands)
Total interest income $69,214
Total interest expense $40,352
Net interest income $28,862
Provision for loan and lease losses $2,600
Total noninterest income $12,017
Fiduciary activities $0
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $12,017
Total noninterest expense $24,927
Salaries and employee benefits $12,122
Premises and equipment expense $5,230
Additional noninterest expense $7,575
Pre-tax net operating income $13,352
Securities gains (losses) -$133
Applicable income taxes $4,966
Income before extraordinary items $8,253
Extraordinary gains - net $0
Net income attributable to bank $8,253
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $905
Net operating income $4,940
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Performance and Condition Ratios (December 31, 2000)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets8.01%
Cost of funding earning assets 4.67%
Net interest margin 3.34%
Noninterest income to earning assets 1.39%
Noninterest expense to earning assets 2.88%
Net operating income to assets 0.87%
Return on assets (ROA) 0.86%
Pretax return on assets 1.38%
Return on equity (ROE) 9.34%
Retained earnings to average equity (YTD only) 3.75%
Net charge-offs to loans 0.14%
Credit loss provision to net charge-offs 287.29%
Efficiency ratio17.63%
Assets per employee$57,929
Cash dividends to net income (YTD only)3.13%
Condition Ratios (%)
Loss allowance to loans 59.86%
Loss allowance to noncurrent loans 1.08%
Noncurrent assets plus other real estate owned to assets 170.50%
Noncurrent loans to loans 0.45%
Net loans and leases to deposits0.64%
Net loans and leases to core deposits 102.22%
Equity capital to assets 120.46%
Core capital (leverage) ratio 10.01%
Tier 1 risk-based capital ratio 8.14%
Total risk-based capital ratio 12.45%
Memoranda
Average assets$13
Average earning assets$958,769
Average equity $88,376
Average loans $864,146
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