(1) An operational projection shall be submitted as part of the application for new bank charters, in order to show that the new bank will remain solvent while meeting the requirements set forth in ARM 2.60.303. The pro forma statement will include, at a minimum:

(a) a projected three-year comparative balance sheet and income projection,

(b) information on start-up costs, including legal fees, and other costs that may be amortized, and

(c) costs associated with fixed assets and their maintenance.

(2) The statement will reasonably estimate the volumes of business the new bank anticipates in the first three-year period, and will show its reasons for believing it will develop such business aggregates.