Bank First National in Manitowoc, Wisconsin (WI)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Bank First National in Manitowoc, Wisconsin (WI)
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Bank First National - Overview

  • General
  • FDIC Certificate #: 5304
    Status: Active
    Federal Reserve ID: 594947
    Bank Holding Company (Regulatory Top Holder): First Manitowoc Bancorp, Inc. (RSSDID: 1208009, Location: Manitowoc, WI)
    Date Established: January 01, 1894
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 12 (Domestic: 12, Interstate: No)
    OTS Docket #: 10916
    FDIC's unique #: 3569
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: November 01, 2007
    Last Structure Change Process Date: January 08, 2008
    Last Data Update: January 08, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 402 North Eighth Street, Manitowoc, WI 54220
    County: Manitowoc
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Appleton
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Core Based Statistical Area (CBSA): Manitowoc, WI (#31820)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Name Change
  • Financial Summary
  • Total assets: $904.6 mil
    Equity capital: $90.6 mil
    Deposits held in domestic offices: $752.6 mil
    Return on assets (ROA): 1.09% ($9.9 mil)
    Quarterly return on assets: 1.20% ($10.9 mil)
    Return on Equity (ROE): 10.64% ($9.7 mil)
    Quarterly return on equity: 11.85% ($10.8 mil)
    Net income: $9.3 mil
    Quarterly Net income: $2.7 mil
    Pretax return on assets: 1.48% ($13,387.8 mil)
    Quarterly Pretax return on assets: 1.58% ($14,292.3 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ 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
  • 168Total employees (full-time equivalent)
  • $904,578Total assets
  • $39,878Cash and due from depository institutions
  • $4,102Interest-bearing balances
  • $131,448Securities
  • $910Federal funds sold & reverse repurchase agreements
  • $670,915Net loans & leases
  • $7,480Loan loss allowance
  • $0Trading account assets
  • $7,663Bank premises and fixed assets
  • $3,252Other real estate owned
  • $9,782Goodwill and other intangibles
  • $904,578Life insurance assets
  • $40,730All other assets
  • $814,027Total liabilities and capital
  • $752,560Total liabilities
  • $612,924Total deposits
  • $752,560Interest-bearing deposits
  • $82Deposits held in domestic offices
  • 51933.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $9,534Subordinated debt
  • $90,551All other liabilities
  • $90,551Total equity capital
  • $90,551Total bank equity capital
  • $0Perpetual preferred stock
  • $1,800Common stock
  • $2,400Surplus
  • $86,351Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,877Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,251Income earned, not collected on loans
  • $249Earning assets
  • $3,056Long-term assets (5+ years)
  • $807,375Average Assets, year-to-date
  • $219,599Average Assets, quarterly
  • $855,233Volatile liabilities
  • $889,187Insider loans
  • $708,074FHLB advances
  • $860,005Loans and leases held for sale
  • $17,201Unused loan commitments
  • $10,377Tier 1 (core) risk-based capital
  • $74,556Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $6,824Total unused commitments
  • $139,497Restructured Loans and leases
  • $32,744Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $37,741Total interest income
  • $7,152Total interest expense
  • $30,589Net interest income
  • $2,110Provision for loan and lease losses
  • $5,365Total noninterest income
  • $691Fiduciary activities
  • $420Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4,254Additional noninterest income
  • $21,870Total noninterest expense
  • $11,754Salaries and employee benefits
  • $2,818Premises and equipment expense
  • $7,298Additional noninterest expense
  • $11,974Pre-tax net operating income
  • $725Securities gains (losses)
  • $3,364Applicable income taxes
  • $9,335Income before extraordinary items
  • $0Extraordinary gains - net
  • $9,335Net income attributable to bank
  • $0Net charge-offs
  • $9,335Cash dividends
  • $976Sale, conversion, retirement of capital stock, net
  • $5,578Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.92%Yield on earning assets
  • 0.93%Cost of funding earning assets
  • 3.98%Net interest margin
  • 0.70%Noninterest income to earning assets
  • 2.85%Noninterest expense to earning assets
  • 1.03%Net operating income to assets
  • 1.09%Return on assets (ROA)
  • 1.48%Pretax return on assets
  • 10.64%Return on equity (ROE)
  • 4.28%Retained earnings to average equity (YTD only)
  • 0.15%Net charge-offs to loans
  • 216.19%Credit loss provision to net charge-offs
  • 14.43%Efficiency ratio
  • 60,708Assets per employee
  • 5.38%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 59.75%Loss allowance to loans
  • 1.10%Loss allowance to noncurrent loans
  • 230.08%Noncurrent assets plus other real estate owned to assets
  • 0.72%Noncurrent loans to loans
  • 0.48%Net loans and leases to deposits
  • 89.15%Net loans and leases to core deposits
  • 92.81%Equity capital to assets
  • 10.01%Core capital (leverage) ratio
  • 8.67%Tier 1 risk-based capital ratio
  • 10.53%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $855,233Average earning assets
  • $87,720Average equity
  • $767,741Average loans

Total Fiduciary and Related Assets (December 31, 2010)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $49,596Managed Assets
  • 1Number of Accounts
  • $43,326Personal trust and agency accounts
  • $20,273Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $1,446Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $15,388Other fiduciary accounts
  • $6,189Fiduciary accounts held in foreign offices
  • $30Non-managed Assets
  • 205Number of Accounts
  • $0Personal trust and agency accounts
  • $446Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $6,270Other retirement accounts
  • $2,377Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $3,893Fiduciary accounts held in foreign offices

List of branches

  • 12 Wisconsin Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03569Bank First National402 North Eighth Street, Manitowoc, WI 54220January 01, 1894Full Service Brick and Mortar
    18096Francis Creek Branch106 Packer Drive, Francis Creek, WI 54214January 01, 1916Full Service Brick and Mortar
    211245St. Nazianz Branch109 South Fourth Avenue, St. Nazianz, WI 54232December 02, 1909Full Service Brick and Mortar
    3207485Two Rivers Branch1509 Washington Street, Two Rivers, WI 54241September 28, 1989Full Service Brick and Mortar
    4207486Mishicot Office Branch110 Baugniet Street, Mishicot, WI 54228January 14, 1991Full Service Brick and Mortar
    5207487Custer Street Branch2915 Custer Street, Manitowoc, WI 54220September 28, 1992Full Service Brick and Mortar
    68108Kiel Branch601 Fremont Street, Kiel, WI 53042May 01, 1914Full Service Brick and Mortar
    8207488Bellevue Branch2747 Manitowoc Road, Bellevue, WI 54311September 19, 1994Full Service Brick and Mortar
    1010843Plymouth Branch2323 Eastern Avenue, Plymouth, WI 53073January 21, 1948Full Service Brick and Mortar
    12334430Ridge Road Office Branch2810 South Ridge Road, Green Bay, WI 54304March 20, 2000Full Service Brick and Mortar
    15478497Sheboygan Branch2600 Kohler Memorial Drive, Sheboygan, WI 53081Febuary 04, 2008Full Service Brick and Mortar
    16516695Bank First National Branch101 City Center, Oshkosh, WI 54901Febuary 01, 2011Full Service Brick and Mortar

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