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Employment
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Statements of Condition ($ in thousands)
|
2010 |
2009 |
2008 |
2007 |
2006 |
Assets |
|
|
|
|
|
Cash and due from banks |
1,614 |
2,384 |
3,564 |
3,467 |
3,619 |
Securities and federal funds sold |
19,106 |
26,325 |
6,698 |
4,673 |
7,725 |
Net loans |
58,797 |
66,576 |
82,079 |
87,387 |
68,142 |
Net bank premises and equipment |
344 |
460 |
517 |
556 |
541 |
Net intangible assets |
1,345 |
1,345 |
1,345 |
1,345 |
902 |
Other assets |
1,725 |
1,978 |
2,338 |
2,322 |
1,408 |
Total assets |
82,931 |
99,068 |
96,541 |
99,750 |
82,337 |
|
|
|
|
|
|
Liabilities and Shareholders' Equity |
|
|
|
|
|
Total deposits |
75,394 |
92,952 |
84,136 |
87,078 |
71,243 |
Federal funds purchased and over
night borrowings |
- |
- |
- |
- |
- |
Other liabilities |
470 |
368 |
592 |
940 |
821 |
Total liabilities |
75,864 |
93,320 |
84,728 |
88,018 |
72,064 |
|
|
|
|
|
|
Shareholders' equity |
7,067 |
5,748 |
11,813 |
11,732 |
10,273 |
Total liabilities and shareholders' equity |
82,931 |
99,068 |
96,541 |
99,750 |
82,337 |
Statements of Operations ($ in thousands)
|
2010 |
2009 |
2008 |
2007 |
2006 |
Interest income |
4,685 |
5,470 |
7,174 |
7,568 |
6,018 |
Interest expense |
1,041 |
2,008 |
2,848 |
3,156 |
2,259 |
Net Interest Income |
3,644 |
3,462 |
4,326 |
4,412 |
3,759 |
Provision for loan loss |
(1,081) |
4,748 |
2,907 |
108 |
160 |
Net Interest Income After Provision
for Loan Loss |
4,725 |
(1,286) |
1,419 |
4,304 |
3,599 |
|
|
|
|
|
|
Non-interest income |
1,321 |
865 |
587 |
729 |
651 |
|
|
|
|
|
|
Salaries and employee benefits |
2,370 |
3,051 |
2,605 |
2,109 |
1,944 |
Premises and equipment expenses |
309 |
326 |
319 |
446 |
401 |
Other non-interest expenses |
2,060 |
2,301 |
2,005 |
1,496 |
1,354 |
Total other expenses |
4,739 |
5,678 |
4,929 |
4,051 |
3,699 |
|
|
|
|
|
|
Net Income |
1,307 |
(6,099) |
(2,923) |
1,400 |
551 |
Annual Report for 2010
|
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© 2008 Native American Bank, N.A.
999 18th Street, Suite 2460, Denver, CO 80202
800.368.8894 Phone : 303.988.5533 Fax
Toll Free (Browning, MT): 800.307.9199
Lost or Stolen Debit/ATM card: 888.833.3455
Effective Janurary, 1, 2011, all funds in a "noninterest-bearing
transaction account" are insured in full by the FDIC through
December 31, 2012. This temporary unlimited coverage is in
addition to, and separate from, the coverage of at least
$250,000 available to depositors under the FDIC's general
deposit insurance rules.
The term "noninterest-bearing transaction account" includes a
traditional checking or demand deposit account on which the
insured depository institution pays no interest. It does not
include other accounts, such as trational checking or demand
deposit accounts that may earn interest, NOW accounts and
money market deposit accounts.
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