Exhibit 10.4


                          AMERICAN FEDERAL SAVINGS BANK
                                SPLIT-DOLLAR PLAN

Pursuant to due authorization by its Board of Directors, the undersigned,
AMERICAN FEDERAL SAVINGS BANK, a corporation located in Helena, Montana (the
"Company"), did constitute, establish and adopt the following Split-Dollar Plan
(the "Plan"), effective October 21, 2004.

The purpose of this Plan is to attract, retain, and reward Employees, by
dividing the death proceeds of certain life insurance policies which are owned
by the Company on the lives of the participating Employees with the designated
beneficiary of each insured participating Employee. The Company will pay the
life insurance premiums from its general assets.

                                    ARTICLE 1
                                   DEFINITIONS

         Whenever used in this Plan, the following terms shall have the meanings
         specified:

1.1      "Beneficiary" means each designated person, or the estate of a deceased
         Participant, entitled to benefits, if any, upon the death of a
         Participant.

1.2      "Beneficiary Designation Form" means the form established from time to
         time by the Plan Administrator that a Participant completes, signs and
         returns to the Plan Administrator to designate one or more
         Beneficiaries.

1.3      "Board" means the Board of Directors of the Company as from time to
         time constituted.

1.4      "Company" means AMERICAN FEDERAL SAVINGS BANK and any of its
         subsidiaries (now in existence or hereafter formed or acquired) that
         have been selected by the Board to participate in the Plan and have
         adopted the Plan as a sponsor.

1.5      "Disability" means the Participant's suffering a sickness, accident or
         injury which has been determined by the insurance carrier of any
         individual or group disability insurance policy covering the
         Participant, or by the Social Security Administration, to be a
         disability rendering the Participant totally and permanently disabled.
         Upon the request of the Plan Administrator, the Participant must submit
         proof to the Plan Administrator of the insurance carrier's or Social
         Security Administration's determination.

1.6      "Company's Interest" means the benefit set forth in Section 3.2.

1.7      "Election to Participate" means the form required by the Plan
         Administrator of an eligible Employee to indicate acceptance of
         participation in this Plan.

1.8      "Employee" means an active employee of the Company who has the title of
         Vice President or greater.

1.9      "Insured" means the individual Participant whose life is insured.


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1.10     "Insurer" means the insurance company issuing the Policy on the life of
         the Insured.

1.11     "Net Death Proceeds" means the total death proceeds of the Policy minus
         the cash surrender value.

1.12     "Normal Retirement Age" means the Participant attaining age sixty-two
         (62).

1.13     "Normal Retirement Date" means the later of the Normal Retirement Age
         or the date of Termination of Employment for any reason other than
         Termination for Cause.

1.14     "Participant" means an Employee (i) who is selected to participate in
         the Plan, (ii) who elects to participate in the Plan, (iii) who signs
         an Election to Participate and a Beneficiary Designation Form, (iv)
         whose signed Election to Participant and Beneficiary Designation Form
         are accepted by the Plan Administrator, (v) who commences participation
         in the Plan, and (vi) whose Participation has not terminated.

1.15     "Participant's Interest" means the benefit set forth in Section 3.1.

1.16     "Policy" means the individual insurance policy or policies adopted by
         the Plan Administrator for purposes of insuring a Participant's life
         under this Plan.

1.17     "Plan Administrator" means the plan administrator described in
         Article 10.

1.18     "Quarterly Plan Entry Date" means January 1st, April 1st, July 1st or
         October 1st.

1.19     "Termination for Cause" means that the Participant's employment with
         the Company has been or is terminated by the Board for any of the
         following reasons:

        (a)    Gross negligence or gross neglect of duties; or

        (b)    Commission of a felony or of a gross misdemeanor involving
               moral turpitude; or

        (c)    Fraud, disloyalty, dishonesty or willful violation of any law
               or significant Company policy committed in connection with the
               Participant's employment and resulting in an adverse effect on
               the Company; or

        (d)    Issuance by the Company's banking regulators of an order for
               removal of the Participant.

1.20     "Termination of Employment" means the termination of Participant's
         service before Normal Retirement Age for reasons other than (i) death;
         (ii) Disability; or (iii) a leave of absence approved by the Company.

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1.21     "Year of Service" means the twelve consecutive month period beginning
         on a Participant's date of hire and any twelve (12) month anniversary
         hereof, during the entirety of which time the Participant is an
         employee of the Company. Service with a subsidiary or other entity
         controlled by the Company before the time such entity became a
         subsidiary or under such control shall not be considered "credited
         service", unless the Plan Administrator specifically agrees to credit
         such service. In addition, the Plan Administrator in its sole
         discretion may also grant additional Years of Service in such
         circumstances where it deems such additional service appropriate.

                                    ARTICLE 2
                                  PARTICIPATION

2.1      Eligibility.  An Employee who has completed one (1) year of service
         shall automatically be eligible for participation in the Plan.

2.2      Enrollment Requirements. As a condition to participation, each selected
         Employee shall complete, execute and return to the Plan Administrator
         (i) an Election to Participate, and (ii) a Beneficiary Designation
         Form. In addition, the Plan Administrator shall establish from time to
         time such other enrollment requirements as it determines in its sole
         discretion are necessary.

2.3      Eligibility; Commencement of Participation. Provided an Employee
         selected to participate in the Plan has met all enrollment requirements
         set forth in this Plan and required by the Plan Administrator, that
         Employee will become a Participant beginning on the next Quarterly Plan
         Entry Date following one (1) Year of Service, be covered by the Plan
         and will be eligible to receive benefits at the time and in the manner
         provided hereunder, subject to the provisions of the Plan.

2.4      Termination of Participation. A Participant's rights under this Plan
         shall automatically cease and his or her participation in this Plan
         shall automatically terminate, if either of the following events occur:
         (i) if there is a Termination for Cause; or (ii) if the Participant's
         employment with the Company is terminated prior to Normal Retirement
         Age for reasons other than Disability (except as set forth in Section
         2.5(b)) or a leave of absence approved by the Company. In the event
         that the Company decides to maintain the Policy after the Participant's
         termination of participation in the Plan, the Company shall be the
         direct beneficiary of the entire death proceeds of the Policy.

2.5      Disability.

         (a)  Except as otherwise provided in paragraph (b) of this Section
              2.5, if the Participant's employment with the Company is
              terminated because of the Participant's Disability, the
              Company shall maintain the Policy in full force and effect
              and, in no event, shall the Company amend, terminate or
              otherwise abrogate the Participant's Interest in the Policy.
              However, the Company may replace the Policy with a comparable
              insurance policy to cover the benefit provided under this
              Plan.

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         (b)  Notwithstanding the provisions of paragraph (a) of this
              Section 2.5, upon the disabled Participant's gainful
              employment with an entity other than the Company, the Company
              shall have no further obligation to the disabled Participant,
              and the disabled Participant's rights pursuant to the Plan
              shall cease. In the event the disabled Participant's rights
              are terminated hereunder and the Company decides to maintain
              the Policy, the Company shall be the direct beneficiary of the
              entire death proceeds of the Policy.

2.6      Retirement. If the Participant remains in the continuous employ of the
         Company, upon the Participant's Normal Retirement Date, the Company
         shall maintain the Policy in full force and effect and in no event
         shall the Company amend, terminate or otherwise abrogate the
         Participant's Interest in the Policy. However, the Company may replace
         the Policy with a comparable insurance policy to cover the benefit
         under this Plan.

                                    ARTICLE 3
                           POLICY OWNERSHIP/INTERESTS

3.1      Participant's  Interest.  The  Participant,  or the  Participant's
         assignee,  shall  have  the  right  to designate the Beneficiary of
         death proceeds equal to the amount  indicated on the  participant's
         Election to Participate, subject to:

         (a)  Forfeiture of Participant's rights upon Termination of Employment
              prior to Normal Retirement Age;

         (b)  Forfeiture of Participant's rights upon Termination for Cause;

         (c)  Forfeiture of Participant's rights upon gainful employment
              following Disability.

         (d)  Termination of the Plan and the corresponding forfeiture of
              rights for all Participants or any one Participant in accordance
              with Section 9.1 hereof; and

         (e)  Forfeiture of the Participant's rights and interest hereunder
              that the Company may reasonably consider necessary to conform
              with applicable law (including the Sarbanes-Oxley Act of 2002).

3.2      Company's Interest. The Company shall own the Policy and shall have the
         right to exercise all incidents of ownership except that the Company
         shall not sell, surrender or transfer ownership of a Policy so long as
         a Participant has an interest in the Policy as described in Section
         3.1. This provision shall not impair the right of the Company, subject
         to Article 9, to terminate this Plan. With respect to each Policy, the
         Company shall be the beneficiary of the remaining death proceeds of the
         Policy after the Participant's Interest is determined according to
         Section 3.1.

                                    ARTICLE 4
                                    PREMIUMS

4.1      Premium Payment.  The Company shall pay all premiums due on all
         Policies.
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4.2      Economic Benefit. The Plan Administrator shall determine the economic
         benefit attributable to any Participant based on the amount of the
         current term rate for the Participant's age multiplied by the aggregate
         death benefit payable to the Participant's Beneficiary. The "current
         term rate" is the minimum amount required to be imputed under Treasury
         Regulation Section 1.61-22(d)(3)(ii), or any subsequent applicable
         authority.

4.3      Imputed Income. The Company shall impute the economic benefit to the
         Participant on an annual basis, by adding the economic benefit to the
         Participant's W-2, or if applicable, Form 1099.

                                    ARTICLE 5
                                  BENEFICIARIES

5.1      Beneficiary. Each Participant shall have the right, at any time, to
         designate a Beneficiary(ies) to receive any benefits payable under the
         Plan to a beneficiary upon the death of a Participant. The Beneficiary
         designated under this Plan may be the same as or different from the
         Beneficiary designation under any other plan of the Company in which
         the Participant participates.

5.2      Beneficiary Designation; Change. A Participant shall designate a
         Beneficiary by completing and signing the Beneficiary Designation Form,
         and delivering it to the Plan Administrator or its designated agent.
         The Participant's beneficiary designation shall be deemed automatically
         revoked if the Beneficiary predeceases the Participant or if the
         Participant names a spouse as Beneficiary and the marriage is
         subsequently dissolved. A Participant shall have the right to change a
         Beneficiary by completing, signing and otherwise complying with the
         terms of the Beneficiary Designation Form and the Plan Administrator's
         rules and procedures, as in effect from time to time. Upon the
         acceptance by the Plan Administrator of a new Beneficiary Designation
         Form, all Beneficiary designations previously filed shall be cancelled.
         The Plan Administrator shall be entitled to rely on the last
         Beneficiary Designation Form filed by the Participant and accepted by
         the Plan Administrator prior to the Participant's death.

5.3      Acknowledgment. No designation or change in designation of a
         Beneficiary shall be effective until received, accepted and
         acknowledged in writing by the Plan Administrator or its designated
         agent.

5.4      No Beneficiary Designation. If the Participant dies without a valid
         designation of beneficiary, or if all designated Beneficiaries
         predecease the Participant, then the Participant's surviving spouse
         shall be the designated Beneficiary. If the Participant has no
         surviving spouse, the benefits shall be made payable to the personal
         representative of the Participant's estate.

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5.5      Facility of Payment. If the Plan Administrator determines in its
         discretion that a benefit is to be paid to a minor, to a person
         declared incompetent, or to a person incapable of handling the
         disposition of that person's property, the Plan Administrator may
         direct payment of such benefit to the guardian, legal representative or
         person having the care or custody of such minor, incompetent person or
         incapable person. The Plan Administrator may require proof of
         incompetence, minority or guardianship as it may deem appropriate prior
         to distribution of the benefit. Any payment of a benefit shall be a
         payment for the account of the Participant and the Participant's
         Beneficiary, as the case may be, and shall be a complete discharge of
         any liability under the Plan for such payment amount.

                                    ARTICLE 6
                                   ASSIGNMENT

Any Participant may irrevocably assign without consideration all of such
Participant's Interest in this Plan to any person, entity or trust. In the event
a Participant shall transfer all of such Participant's Interest, then all of
that Participant's Interest in this Plan shall be vested in his or her
transferee, who shall be substituted as a party hereunder, and that Participant
shall have no further interest in this Plan.

                                    ARTICLE 7
                                     INSURER

The Insurer shall be bound only by the terms of its given Policy. Any payments
the Insurer makes or actions it takes in accordance with a Policy shall fully
discharge it from all claims, suits and demands of all persons relating to that
Policy. The Insurer shall not be bound by or deemed to have notice of the
provisions of this Plan. The Insurer shall have the right to rely on the Plan
Administrator's representations with regard to any definitions, interpretations
or Policy interests as specified under this Plan.

                                    ARTICLE 8
                           CLAIMS AND REVIEW PROCEDURE

8.1      Claims  Procedure.  A Participant  or  Beneficiary  ("claimant")  who
         has not received  benefits under the Plan that he or she believes
         should be paid shall make a claim for such benefits as follows:

         8.1.1    Initiation  -  Written  Claim.  The  claimant  initiates  a
                  claim  by  submitting  to  the  Plan Administrator a written
                  claim for the benefits.

         8.1.2    Timing of Plan Administrator Response. The Plan Administrator
                  shall respond to such claimant within 90 days after receiving
                  the claim. If the Plan Administrator determines that special
                  circumstances require additional time for processing the
                  claim, the Plan Administrator can extend the response period
                  by an additional 90 days by notifying the claimant in writing,
                  prior to the end of the initial 90-day period, that an
                  additional period is required. The notice of extension must
                  set forth the special circumstances and the date by which the
                  Plan Administrator expects to render its decision.

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8.1.3             Notice of Decision. If the Plan Administrator denies part or
                  all of the claim, the Plan Administrator shall notify the
                  claimant in writing of such denial. The Plan Administrator
                  shall write the notification in a manner calculated to be
                  understood by the claimant. The notification shall set forth:

                  (a)  The specific reasons for the denial;

                  (b)  A reference to the specific provisions of the Plan on
                       which the denial is based;

                  (c)  A description of any additional information or material
                       necessary for the claimant to perfect the claim and an
                       explanation of why it is needed;

                  (d)  An explanation of the Plan's review procedures and the
                       time limits applicable to such procedures; and

                  (e)  A statement of the claimant's right to bring a civil
                       action under ERISA Section 502(a) following an adverse
                       benefit determination on review.

8.2   Review Procedure. If the Plan Administrator denies part or all of the
      claim, the claimant shall have the opportunity for a full and fair review
      by the Plan Administrator of the denial, as follows:

         8.2.1    Initiation - Written Request. To initiate the review, the
                  claimant, within 60 days after receiving the Plan
                  Administrator's notice of denial, must file with the Plan
                  Administrator a written request for review.

         8.2.2    Additional Submissions - Information Access. The claimant
                  shall then have the opportunity to submit written comments,
                  documents, records and other information relating to the
                  claim. The Plan Administrator shall also provide the claimant,
                  upon request and free of charge, reasonable access to, and
                  copies of, all documents, records and other information
                  relevant (as defined in applicable ERISA regulations) to the
                  claimant's claim for benefits.

         8.2.3    Considerations on Review. In considering the review, the Plan
                  Administrator shall take into account all materials and
                  information the claimant submits relating to the claim,
                  without regard to whether such information was submitted or
                  considered in the initial benefit determination.

         8.2.4    Timing of Plan Administrator's Response. The Plan
                  Administrator shall respond in writing to such claimant within
                  60 days after receiving the request for review. If the Plan
                  Administrator determines that special circumstances require
                  additional time for processing the claim, the Plan
                  Administrator can extend the response period by an additional
                  60 days by notifying the claimant in writing, prior to the end
                  of the initial 60-day period, that an additional period is
                  required. The notice of extension must set forth the special
                  circumstances and the date by which the Plan Administrator
                  expects to render its decision.

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8.2.5             Notice of Decision. The Plan Administrator shall notify the
                  claimant in writing of its decision on review. The Plan
                  Administrator shall write the notification in a manner
                  calculated to be understood by the claimant. The notification
                  shall set forth:

                  (a)  The specific reasons for the denial;

                  (b)  A reference to the specific provisions of the Plan on
                       which the denial is based;

                  (c)  A statement that the claimant is entitled to receive,
                       upon request and free of charge, reasonable access to,
                       and copies of, all documents, records and other
                       information relevant (as defined in applicable ERISA
                       regulations) to the claimant's claim for benefits; and

                  (d)  A statement of the claimant's right to bring a civil
                       action under ERISA Section 502(a).

                                    ARTICLE 9
                           AMENDMENTS AND TERMINATION

9.1      Amendment or Termination of Plan. Except as otherwise provided in
         Sections 2.5 and 2.6, or as otherwise agreed to in writing, the Company
         may amend or terminate this Plan for all Participants or for any
         Participant at any time prior to a Participant's death. Such amendment
         or termination shall be by written notice to the Participant(s). In the
         event that the Company decides to maintain the Policy after the
         Participant's termination of participation in the Plan, the Company
         shall be the direct beneficiary of the entire death proceeds of the
         Policy.

9.2      Option to Purchase Upon Termination. If the Company exercises the right
         to terminate the Plan or a Participant's participation in the Plan, the
         Company shall not sell, surrender or transfer ownership of a Policy
         without first giving a Participant or the Participant's transferee the
         option to purchase the Policy for a period of sixty (60) days from
         written notice of such intention. The purchase price shall be an amount
         equal to the fair market value of the Policy as determined under
         Treasury Regulation Section 1.61-22(g)(2).

9.3      Waiver of Participation. A Participant may, in the Participant's sole
         and absolute discretion, waive his or her rights under the Plan at any
         time. Any waiver permitted under this Section 9.3 shall be in writing
         and delivered to the Plan Administrator.

                                   ARTICLE 10
                                 ADMINISTRATION

10.1     Plan Administrator Duties. This Plan shall be administered by a Plan
         Administrator which shall consist of the Board, or such committee or
         persons as the Board may choose. Members of the Plan Administrator may
         be Participants under this Plan. The Plan Administrator shall also have
         the discretion and authority to (i) make, amend, interpret and enforce
         all appropriate rules and regulations for the administration of this
         Plan and (ii) decide or resolve any and all questions including
         interpretations of this Plan, as may arise in connection with the Plan.

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10.2     Agents. In the administration of this Plan, the Plan Administrator may
         employ agents and delegate to them such administrative duties as it
         sees fit, (including acting through a duly appointed representative),
         and may from time to time consult with counsel who may be counsel to
         the Company.

10.3     Binding Effect of Decisions. The decision or action of the Plan
         Administrator with respect to any question arising out of or in
         connection with the administration, interpretation and application of
         the Plan and the rules and regulations promulgated hereunder shall be
         final and conclusive and binding upon all persons having any interest
         in the Plan.

10.4     Indemnity of Plan Administrator. The Company shall indemnify and hold
         harmless the members of the Plan Administrator against any and all
         claims, losses, damages, expenses or liabilities arising from any
         action or failure to act with respect to this Plan, except in the case
         of willful misconduct by the Plan Administrator or any of its members.

10.5     Information. To enable the Plan Administrator to perform its functions,
         the Company shall supply full and timely information to the Plan
         Administrator on all matters relating to the Compensation of its
         Participants, the date and circumstances of the retirement, Disability,
         death or Termination of Employment of its Participants, and such other
         pertinent information as the Plan Administrator may reasonably require.

                                   ARTICLE 11
                                  MISCELLANEOUS

11.1     Binding Effect.  This Plan shall bind each Participant and the Company,
         their  beneficiaries,  survivors, executors, administrators and
         transferees and any Beneficiary.

11.2     No Guarantee of Employment. This Plan is not an employment policy or
         contract. It does not give a Participant the right to remain an
         Employee of the Company, nor does it interfere with the Company's right
         to discharge a Participant. It also does not require a Participant to
         remain an Employee nor interfere with a Participant's right to
         terminate employment at any time.

11.3     Applicable Law. The Plan and all rights hereunder shall be governed by
         and construed according to the laws of the State of MONTANA, except to
         the extent preempted by the laws of the United States of America.

11.4     Reorganization. The Company shall not merge or consolidate into or with
         another company, or reorganize, or sell substantially all of its assets
         to another company, firm or person unless such succeeding or continuing
         company, firm or person agrees to assume and discharge the obligations
         of the Company under this Plan. Upon the occurrence of such event, the
         term "Company" as used in this Plan shall be deemed to refer to the
         successor or survivor company.

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11.5     Notice. Any notice or filing required or permitted to be given to the
         Plan Administrator under this Plan shall be sufficient if in writing
         and hand-delivered, or sent by registered or certified mail, to the
         address below:

                                        Human Resources Dept.
                                         -------------------------------
                                        American Federal Savings Bank
                                         -------------------------------
                                        P.O. Box 4999
                                         -------------------------------
                                        Helena, MT  59604-4999
                                         -------------------------------

         Such notice shall be deemed given as of the date of delivery or, if
         delivery is made by mail, as of the date shown on the postmark or the
         receipt for registration or certification.


         Any notice or filing required or permitted to be given to a Participant
         under this Plan shall be sufficient if in writing and hand-delivered,
         or sent by mail, to the last known address of the Participant.

11.6     Entire Agreement. This Plan, along with a Participant's Election to
         Participate, Beneficiary Designation Form and any agreement in writing
         between the Company and any Participant, constitute the entire
         agreement between the Company and the Participant as to the subject
         matter hereof. No rights are granted to the Participant under this Plan
         other than those specifically set forth herein.


       IN WITNESS WHEREOF, the Company executes this Plan as of the date
indicated above.

                                         AMERICAN FEDERAL SAVINGS BANK

                                         By  __________________________________

                                         Title  _______________________________


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