The First State Bank of Malta

Report generated from DepositInsuredBanks.com
DepositInsuredBanks.com


Overview

FDIC Cert 1982
Address
1 South 1st Street East, Malta, MT 59538
FDIC Unique Number 1334
Federal Reserve ID 615253
Federal Reserve ID for Bank Holding Company 1857171
OCC Charter Number 0
OTS Docket Number Not available or not applicable
MSA
County Phillips
Website http://www.fsbmalta.com
Established On 03/04/1903
Insured On 01/01/1934
Holding Company Fs Banco, Inc.
Regulator Federal Reserve Board
Asset Concentration Agricultural Specialization
Ownership Type
Domestic Offices 1
Foreign Offices
Bank Charter Class SM - Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)

Recent Changes

Change in Location

Financial Snapshot

USD, Thousands
Total Assets 133,790
Total Deposits 112,204
Domestic Deposits 112,204
Bank Equity Capital 20,296
Year to Date Quarterly
Net Income USD, 000 1,266 423
Return on Assets 1.23% 1.26%
Return on Equity 8.49% 8.4%
Pre-Tax Return on Assets 1.82% 2.04%
as of 09/30/2015

Financial Health

As of 09/30/2015
Low Risk

The Texas ratio is a measure of a bank's credit troubles. It is a way to measure how risky a bank is. The higher the Texas ratio, the more severe the credit troubles. Any bank with a TX Ratio near or greater than 100% is considered at risk. Developed by Gerard Cassidy and others at RBC Capital Markets, it is calculated by dividing the value of the lender's non-performing assets (Non performing loans + Real Estate Owned) by the sum of its tangible common equity capital and loan loss reserves.

The First State Bank of Malta has a texas ratio of 1.25 which puts it at low risk. As of 09/30/2015 the bank had $278 Non Current Loans and Leases, $0 Other Real Estate Owned, $20,296 Total Equity Capital and $1,991 Loan Loss Allowance.

Historical Texas Ratios

Date Non Current Loans and Leases Other Real Estate Owned Total Equity Capital Loan Loss Allowance TX Ratio
09/30/2015 $278 $0 $20,296 $1,991 1.25
06/30/2015 $388 $0 $20,005 $1,900 1.77
03/31/2015 $420 $348 $19,894 $1,659 3.56
12/31/2014 $535 $348 $19,355 $1,567 4.22
09/30/2014 $565 $356 $19,312 $1,563 4.41
06/30/2014 $606 $363 $19,410 $1,457 4.64
03/31/2014 $930 $367 $18,648 $1,452 6.45
12/31/2013 $837 $371 $17,954 $1,452 6.22
09/30/2013 $824 $371 $18,187 $1,454 6.08
06/30/2013 $765 $371 $18,183 $1,313 5.83
03/31/2013 $1,472 $0 $18,824 $1,202 7.35
12/31/2012 $1,123 $0 $18,711 $1,104 5.67
09/30/2012 $1,338 $0 $19,000 $995 6.6899999999999995
06/30/2012 $2,269 $0 $18,893 $917 11.45
03/31/2012 $2,033 $0 $18,397 $1,032 10.46
12/31/2011 $1,980 $0 $18,000 $996 10.42
09/30/2011 $1,427 $0 $18,305 $1,062 7.37
06/30/2011 $1,537 $0 $18,013 $1,017 8.08
03/31/2011 $2,081 $0 $17,131 $962 11.5
12/31/2010 $1,709 $372 $16,669 $1,424 11.5
09/30/2010 $1,989 $372 $17,407 $1,655 12.39
06/30/2010 $2,704 $50 $17,332 $1,588 14.56
03/31/2010 $2,677 $50 $16,880 $1,513 14.83
12/31/2009 $1,551 $0 $16,425 $1,464 8.67
09/30/2009 $1,012 $0 $16,734 $1,389 5.58
06/30/2009 $1,051 $0 $16,270 $1,400 5.95
03/31/2009 $1,902 $0 $15,808 $1,336 11.09

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Assets and Liabilities

Figures in USD, Thousands 09/30/2015 06/30/2015 03/31/2015 12/31/2014 09/30/2014 Charts
Total employees (full-time equivalent) 19 19 20 20 21 Chart
Total Assets 133,790 135,255 139,763 139,195 127,921 Chart
Cash & Balances due from depository institutions 5,832 5,296 11,073 13,834 5,665 Chart
Interest-bearing balances 5,221 4,820 10,489 13,212 5,188 Chart
Securities 49,104 56,826 63,981 65,766 58,557 Chart
Federal funds sold and reverse repurchase 0 0 0 0 0 Chart
Net loans and leases 76,252 71,002 62,683 57,702 61,142 Chart
Loan loss allowance 1,991 1,900 1,659 1,567 1,563 Chart
Trading account assets 0 0 0 0 0 Chart
Bank premises and fixed assets 24 33 42 51 60 Chart
Other real estate owned 0 0 348 348 356 Chart
Goodwill and other intangibles 0 0 0 0 0 Chart
All other assets 2,578 2,098 1,636 1,494 2,141 Chart
Total Liabilities and Capital 133,790 135,256 139,762 139,194 127,922 Chart
Total Liabilities 113,494 115,251 119,868 119,839 108,610 Chart
Total deposits 112,204 113,419 118,985 119,284 104,727 Chart
Interest-bearing deposits 87,526 91,075 91,790 90,197 82,742 Chart
Deposits held in domestic offices 112,204 113,419 118,985 119,284 104,727 Chart
% insured (estimated) 81% 79% 79% 78% 80% Chart
Federal funds purchased and repurchase agreements 525 1,350 0 0 3,250 Chart
Trading liabilities 0 0 0 0 0 Chart
Other borrowed funds 0 0 0 0 0 Chart
Subordinated debt 0 0 0 0 0 Chart
All other liabilities 765 482 883 555 633 Chart
Total equity capital 20,296 20,005 19,894 19,355 19,312 Chart
Bank equity capital 20,296 20,005 19,894 19,355 19,312 Chart
Perpetual preferred stock 0 0 0 0 0 Chart
Common stock 1,000 1,000 1,000 1,000 1,000 Chart
Surplus 9,000 9,000 9,000 9,000 9,000 Chart
Undivided profits 10,296 10,005 9,894 9,355 9,312 Chart
Equity, minor interest in consolidated subs 0 0 0 0 0 Chart
Memoranda
Noncurrent loans and leases 278 388 420 535 565 Chart
Noncurrent loans which are wholly or partially guaranteed by the U.S. 0 0 0 0 0 Chart
Income earned, not collected on loans 2,225 1,739 1,272 1,126 1,778 Chart
Earning assets 130,577 132,648 137,153 136,680 124,887 Chart
Long-term assets (5+ years) 66,846 69,822 75,641 77,981 63,523 Chart
Average total assets 137,001 138,071 139,479 129,159 126,650 Chart
Average assets, quarterly 134,523 137,509 139,479 133,558 127,613 Chart
Total risk weighted assets adjusted 104,373 100,085 90,293 75,547 78,065 Chart
Adjusted average assets for leverage capital purposes 135,555 137,335 139,151 134,269 127,067 Chart
Life insurance assets 0 0 0 0 0 Chart
General account life insurance assets 0 0 0 0 0 Chart
Separate account life insurance assets 0 0 0 0 0 Chart
Hybrid life insurance assets 0 0 0 0 0 Chart
Volatile liabilities 8,212 7,081 6,822 5,741 7,693 Chart
Insider loans 4,114 4,111 4,166 3,437 3,486 Chart
FHLB advances 0 0 0 0 0 Chart
Loans and leases held for sale 0 0 0 0 0 Chart
Unused loan commitments 13,378 11,652 11,773 14,302 9,363 Chart
Tier one (core) capital 19,783 19,764 19,223 18,918 18,891 Chart
Tier 2 Risk-based capital 1,313 1,259 1,135 952 983 Chart
Total unused commitments 13,378 11,652 11,773 14,302 9,363 Chart
Derivatives 0 0 0 0 0 Chart

Income and Expenses

Figures in USD, Thousands 09/30/2015 06/30/2015 03/31/2015 12/31/2014 09/30/2014 Charts
Total interest income 3,751 2,431 1,176 4,548 3,316 Chart
Total interest expense 470 307 151 589 438 Chart
Net interest income 3,281 2,124 1,025 3,959 2,878 Chart
Provision for loan and lease losses 422 330 80 85 85 Chart
Total noninterest income 519 444 72 298 224 Chart
Gross Fiduciary activities income 0 0 0 0 0 Chart
Service charges on deposit accounts 69 44 20 99 76 Chart
Trading account gains and fees 0 0 0 0 0 Chart
Additional Noninterest Income 450 400 52 199 148 Chart
Total noninterest expense 1,547 1,068 548 1,990 1,455 Chart
Salaries and employee benefits 854 574 287 1,164 831 Chart
Premises and equipment expense 76 49 23 125 82 Chart
Additional noninterest expense 617 445 238 701 542 Chart
Pre-tax net operating income 1,831 1,170 469 2,182 1,562 Chart
Securities gains (losses) 39 13 0 20 0 Chart
Applicable income taxes 604 340 166 596 383 Chart
Income before extraordinary items 1,266 843 303 1,606 1,179 Chart
Extraordinary gains, net 0 0 0 0 0 Chart
Net income 1,266 843 303 1,606 1,179 Chart
Minority interest net income 0 0 0 0 0 Chart
Net income of bank and minority interests 1,266 843 303 1,606 1,179 Chart
Net charge-offs -2 -3 -12 -30 -26 Chart
Cash dividends 400 0 0 800 400 Chart
Sale, conversion, retirement of capital stock, net 0 0 0 0 0 Chart
Net operating income 1,239 834 303 1,591 1,179 Chart

Securities

Figures in USD, Thousands 09/30/2015 06/30/2015 03/31/2015 12/31/2014 09/30/2014 Charts
Total securities 49,104 56,826 63,981 65,766 58,557 Chart
U.S. Government securities 21,266 27,796 34,407 35,805 31,272 Chart
U.S. Treasury securities 0 0 0 0 0 Chart
U.S. Government agency obligations 21,266 27,796 34,407 35,805 31,272 Chart
Securities issued by states & political subdivisions 24,692 24,644 24,922 25,145 22,260 Chart
Other domestic debt securities 3,146 4,386 4,652 4,816 5,025 Chart
Privately issued residential mortgage-backed securities 3,146 4,386 4,652 4,816 5,025 Chart
Commercial mortgage-backed securities - Total 0 0 0 0 0 Chart
Asset backed securities 0 0 0 0 0 Chart
Structured financial products - Total 0 0 0 0 0 Chart
Other domestic debt securities - All other 0 0 0 0 0 Chart
Foreign debt securities 0 0 0 0 0 Chart
Equity securities 0 0 0 0 0 Chart
Assets held in trading accounts for TFR Reporters 0 0 0 0 0 Chart
General valuation allowances for securities for TFR Reporters 0 0 0 0 0 Chart
Memoranda
Pledged securities 26,753 26,398 25,685 25,434 26,820 Chart
Mortgage-backed securities 19,598 24,416 28,614 29,733 23,915 Chart
Certificates of participation in pools of residential mortgages 16,452 20,030 23,962 24,917 18,890 Chart
Issued or guaranteed by U.S. 16,452 20,030 23,962 24,917 18,890 Chart
Privately issued 0 0 0 0 0 Chart
Collaterized mortgage obligations 3,146 4,386 4,652 4,816 5,025 Chart
CMOs issued by government agencies or sponsored agencies 0 0 0 0 0 Chart
Privately issued 3,146 4,386 4,652 4,816 5,025 Chart
Commercial mortgage-backed securities 0 0 0 0 0 Chart
Commercial mortgage pass-through securities 0 0 0 0 0 Chart
Other commercial mortgage-backed securities 0 0 0 0 0 Chart
Held to maturity securities (book value) 104 105 105 106 106 Chart
Available-for-sale securities (fair market value) 49,000 56,721 63,876 65,660 58,451 Chart
Total debt securities 49,104 56,826 63,981 65,766 58,557 Chart
Structured Notes
Amortized cost 0 0 1,500 1,491 973 Chart
Fair value 0 0 1,498 1,484 980 Chart
Trading account assets 0 0 0 0 0 Chart
Revaluation gains on off-balance sheet contracts 0 0 0 0 0 Chart
Revaluation losses on off-balance sheet contracts 0 0 0 0 0 Chart

Performance and Condition Ratios

Figures in USD, Thousands 09/30/2015 06/30/2015 03/31/2015 12/31/2014 09/30/2014 Charts
% of unprofitable institutions N/A N/A N/A N/A N/A Chart
% of insitutions with earnings gains N/A N/A N/A N/A N/A Chart
Performance Ratios (%, annualized)
Yield on earning assets 3.72% 3.59% 3.44% 3.59% 3.56% Chart
Cost of funding earning assets 0.47% 0.45% 0.44% 0.47% 0.47% Chart
Net interest margin 3.26% 3.14% 2.99% 3.13% 3.09% Chart
Noninterest income to average assets 0.51% 0.64% 0.21% 0.23% 0.24% Chart
Noninterest expense to average assets 1.51% 1.55% 1.57% 1.54% 1.53% Chart
Loan and lease loss provision to assets 0.41% 0.48% 0.23% 0.07% 0.09% Chart
Net operating income to assets 1.21% 1.21% 0.87% 1.23% 1.24% Chart
Return on assets (ROA) 1.23% 1.22% 0.87% 1.24% 1.24% Chart
Pretax return on assets 1.82% 1.71% 1.35% 1.70% 1.64% Chart
Return on Equity (ROE) 8.49% 8.54% 6.18% 8.48% 8.35% Chart
Retained earnings to average equity (YTD only) 5.81% 8.54% 6.18% 4.26% 5.52% Chart
Net charge-offs to loans 0.00% -0.01% -0.08% -0.05% -0.06% Chart
Credit loss provision to net charge-offs -21100.00% -11000.00% -666.67% -283.33% -326.92% Chart
Earnings coverage of net charge-offs (x) 0.00% 0.00% 0.00% 0.00% 0.00% Chart
Efficiency ratio 40.71% 41.59% 49.95% 46.75% 46.91% Chart
Assets per employee ($millions) 7.04% 7.12% 6.99% 6.96% 6.09% Chart
Cash dividends to net income (YTD only) 31.60% 0.00% 0.00% 49.81% 33.93% Chart
Condition Ratios (%)
Loss allowance to loans 2.54% 2.61% 2.58% 2.64% 2.49% Chart
Loan loss allowance to noncurrent loans 716.19% 489.69% 395.00% 292.90% 276.64% Chart
Noncurrent assets plus other real estate owned to assets 0.21% 0.29% 0.55% 0.63% 0.72% Chart
Noncurrent loans to loans 0.36% 0.53% 0.65% 0.90% 0.90% Chart
Net loans and leases to total assets 56.99% 52.49% 44.85% 41.45% 47.80% Chart
Net loans and leases to deposits 67.96% 62.60% 52.68% 48.37% 58.38% Chart
Net loans and leases to core deposits 72.96% 65.93% 55.89% 50.82% 60.97% Chart
Total domestic deposits to total assets 83.87% 83.86% 85.13% 85.70% 81.87% Chart
Equity capital to assets 15.17% 14.79% 14.23% 13.90% 15.10% Chart
Core capital (leverage) ratio 14.59% 14.39% 13.81% 14.09% 14.87% Chart
Tier 1 risk-based capital ratio 18.95% 19.75% 21.29% 25.04% 24.20% Chart
Total risk-based capital ratio 20.21% 21.01% 22.55% 26.30% 25.46% Chart
Memoranda
Average total assets 137,001 138,071 139,479 129,159 126,650 Chart
Average earning assets 134,265 135,494 136,917 126,578 124,052 Chart
Average equity 19,888 19,751 19,625 18,936 18,831 Chart
Average loans 68,689 65,504 61,806 56,234 55,475 Chart