Western Security Bank in city_name, state_name - Detailed Financial Reports, Location

Western Security Bank in Billings, Montana (MT)
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Western Security Bank routing number info

Western Security Bank - Overview

General
FDIC Certificate #: 57248
Status: Active
Federal Reserve ID: 2999845
Bank Holding Company (Regulatory Top Holder): Glacier Bancorp, Inc. (RSSDID: 2003975, Location: Kalispell, MT)
Date Established: May 17, 2001
WWW: http://www.westernsecuritybank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 8 (Domestic: 8, Interstate: No)
FDIC's unique #: 360044
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: Other Specialized Lending < 1 Billion
Date of Deposit Insurance: May 17, 2001
Last Structure Change Effective Date: April 19, 2011
Last Structure Change Process Date: June 20, 2011
Last Data Update: June 20, 2011
Data Source Date: April 05, 2012
Location
Address: 2812 1st Avenue North, Billings, MT 59101
County: Yellowstone
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): Billings, MT (#880)
Core Based Statistical Area (CBSA): Billings, MT (#13740)
CBSA Metro Statistical Area: Billings, MT (#13740)
History of Changes
Change in Primary Regulatory Agency
Change in Supervisory Agency
Institution Withdraws from FRS (Federal Reserve System)
Financial Summary
Total assets: $807.6 mil
Equity capital: $92.5 mil
Deposits held in domestic offices: $550.7 mil
Return on assets (ROA): 1.22% ($9.9 mil)
Quarterly return on assets: 1.02% ($8.2 mil)
Return on Equity (ROE): 10.65% ($9.8 mil)
Quarterly return on equity: 8.83% ($8.1 mil)
Net income: $9.6 mil
Quarterly Net income: $2.0 mil
Pretax return on assets: 1.56% ($12,598.9 mil)
Quarterly Pretax return on assets: 1.24% ($10,014.5 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
155Total employees (full-time equivalent)
$807,620Total assets
$11,255Cash and due from depository institutions
$52Interest-bearing balances
$464,532Securities
$0Federal funds sold & reverse repurchase agreements
$265,361Net loans & leases
$7,320Loan loss allowance
$0Trading account assets
$15,445Bank premises and fixed assets
$4,994Other real estate owned
$23,026Goodwill and other intangibles
$807,620Life insurance assets
$23,007All other assets
$715,130Total liabilities and capital
$550,725Total liabilities
$468,141Total deposits
$550,725Interest-bearing deposits
$88Deposits held in domestic offices
41595.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$117,435Trading liabilities
$0Other borrowed funds
$5,375Subordinated debt
$92,490All other liabilities
$92,490Total equity capital
$92,490Total bank equity capital
$0Perpetual preferred stock
$22Common stock
$80,284Surplus
$12,184Undivided profits
Memoranda
$0Noncurrent loans and leases
$17,194Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$448Income earned, not collected on loans
$0Earning assets
$3,991Long-term assets (5+ years)
$729,945Average Assets, year-to-date
$258,663Average Assets, quarterly
$782,700Volatile liabilities
$802,733Insider loans
$407,896FHLB advances
$778,974Loans and leases held for sale
$12,229Unused loan commitments
$12,229Tier 1 (core) risk-based capital
$64,520Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$55,926Restructured Loans and leases
$7,149Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$26,814Total interest income
$5,106Total interest expense
$21,708Net interest income
$550Provision for loan and lease losses
$7,148Total noninterest income
$0Fiduciary activities
$2,650Service charges on deposit accounts
$0Trading account gains & fees
$4,498Additional noninterest income
$16,116Total noninterest expense
$8,327Salaries and employee benefits
$1,475Premises and equipment expense
$6,314Additional noninterest expense
$12,190Pre-tax net operating income
$0Securities gains (losses)
$2,622Applicable income taxes
$9,568Income before extraordinary items
$0Extraordinary gains - net
$9,568Net income attributable to bank
$0Net charge-offs
$9,568Cash dividends
$836Sale, conversion, retirement of capital stock, net
$9,000Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
3.80%Yield on earning assets
0.72%Cost of funding earning assets
3.08%Net interest margin
1.01%Noninterest income to earning assets
2.29%Noninterest expense to earning assets
1.22%Net operating income to assets
1.22%Return on assets (ROA)
1.56%Pretax return on assets
10.65%Return on equity (ROE)
0.63%Retained earnings to average equity (YTD only)
0.30%Net charge-offs to loans
65.79%Credit loss provision to net charge-offs
15.24%Efficiency ratio
54,699Assets per employee
5.21%Cash dividends to net income (YTD only)
Condition Ratios (%)
94.06%Loss allowance to loans
2.68%Loss allowance to noncurrent loans
1633.93%Noncurrent assets plus other real estate owned to assets
0.67%Noncurrent loans to loans
0.16%Net loans and leases to deposits
48.18%Net loans and leases to core deposits
61.17%Equity capital to assets
11.45%Core capital (leverage) ratio
8.28%Tier 1 risk-based capital ratio
15.82%Total risk-based capital ratio
Memoranda
$17Average assets
$782,700Average earning assets
$89,840Average equity
$705,058Average loans

List of branches

8 Montana Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	360044	Western Security Bank	2812 1st Avenue North, Billings, MT 59101	May 17, 2001	Full Service Brick and Mortar
11	277312	King Avenue Branch	2675 King Avenue West, Billings, MT 59102	January 01, 1922	Full Service Brick and Mortar
13	264362	Grand Ave Branch	2401 Grand Avenue, Billings, MT 59102	January 01, 1919	Full Service Brick and Mortar
15	264364	Heights Branch	1546 Main Street, Billings, MT 59105	January 01, 1919	Full Service Brick and Mortar
23	266438	Lockwood Branch	2845 Old Hardin Road, Billings, MT 59101	June 19, 1997	Full Service Brick and Mortar
28	250039	Grand & Rehberg Branch	2955 Grand Ave., Billings, MT 59102	January 01, 1998	Full Service Retail
30	250041	Heights Western Center Branch	495 Main Street, Billings, MT 59105	January 01, 1998	Full Service Brick and Mortar
31	14262	Laurel Branch	20 Montana Avenue, Laurel, MT 59044	April 17, 1972	Full Service Brick and Mortar

Western Security Bank in Billings, Montana (MT)
Overview, Financial Summary, Detailed Financial Reports, Branches

Western Security Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

Western Security Bank in Billings, Montana (MT)Overview, Financial Summary, Detailed Financial Reports, Branches

Western Security Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

Western Security Bank in Billings, Montana (MT)
Overview, Financial Summary, Detailed Financial Reports, Branches