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

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
  • NoIDNameAddressEstablishedService TypeMap
    0360044Western Security Bank2812 1st Avenue North, Billings, MT 59101May 17, 2001Full Service Brick and Mortar
    11277312King Avenue Branch2675 King Avenue West, Billings, MT 59102January 01, 1922Full Service Brick and Mortar
    13264362Grand Ave Branch2401 Grand Avenue, Billings, MT 59102January 01, 1919Full Service Brick and Mortar
    15264364Heights Branch1546 Main Street, Billings, MT 59105January 01, 1919Full Service Brick and Mortar
    23266438Lockwood Branch2845 Old Hardin Road, Billings, MT 59101June 19, 1997Full Service Brick and Mortar
    28250039Grand & Rehberg Branch2955 Grand Ave., Billings, MT 59102January 01, 1998Full Service Retail
    30250041Heights Western Center Branch495 Main Street, Billings, MT 59105January 01, 1998Full Service Brick and Mortar
    3114262Laurel Branch20 Montana Avenue, Laurel, MT 59044April 17, 1972Full Service Brick and Mortar

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