Bank of Turtle Lake in Turtle Lake, Wisconsin (WI)
Overview, Financial Summary, Detailed Financial Reports, Branches

Bank of Turtle Lake - Overview

  • General
  • FDIC Certificate #: 12786
    Status: Active
    Federal Reserve ID: 777553
    Bank Holding Company (Regulatory Top Holder): Turtle Bancshares, Inc. (RSSDID: 1127203, Location: Turtle Lake, WI)
    Date Established: January 01, 1900
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 9823
    FDIC's unique #: 8099
    Numeric code: 21
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: Maple Street And Arthur Avenue, Turtle Lake, WI 54889
    County: Barron
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Eau Claire
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $68.4 mil
    Equity capital: $5.9 mil
    Deposits held in domestic offices: $62.4 mil
    Return on assets (ROA): 0.67% ($0.5 mil)
    Quarterly return on assets: 0.53% ($0.4 mil)
    Return on Equity (ROE): 7.69% ($0.5 mil)
    Quarterly return on equity: 5.93% ($0.4 mil)
    Net income: $0.4 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.69% ($472.3 mil)
    Quarterly Pretax return on assets: 0.55% ($376.5 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
  • 17Total employees (full-time equivalent)
  • $68,446Total assets
  • $9,386Cash and due from depository institutions
  • $5,873Interest-bearing balances
  • $25,992Securities
  • $500Federal funds sold & reverse repurchase agreements
  • $31,458Net loans & leases
  • $428Loan loss allowance
  • $0Trading account assets
  • $284Bank premises and fixed assets
  • $103Other real estate owned
  • $0Goodwill and other intangibles
  • $68,446Life insurance assets
  • $723All other assets
  • $62,518Total liabilities and capital
  • $62,381Total liabilities
  • $46,238Total deposits
  • $62,381Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $137Subordinated debt
  • $5,928All other liabilities
  • $5,928Total equity capital
  • $5,928Total bank equity capital
  • $0Perpetual preferred stock
  • $116Common stock
  • $2,900Surplus
  • $2,912Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $632Income earned, not collected on loans
  • $0Earning assets
  • $277Long-term assets (5+ years)
  • $63,823Average Assets, year-to-date
  • $21,238Average Assets, quarterly
  • $64,547Volatile liabilities
  • $66,464Insider loans
  • $33,691FHLB advances
  • $67,809Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $5,625Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,171Restructured Loans and leases
  • $361Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,514Total interest income
  • $457Total interest expense
  • $2,057Net interest income
  • $20Provision for loan and lease losses
  • $292Total noninterest income
  • $0Fiduciary activities
  • $183Service charges on deposit accounts
  • $0Trading account gains & fees
  • $109Additional noninterest income
  • $1,961Total noninterest expense
  • $1,131Salaries and employee benefits
  • $118Premises and equipment expense
  • $712Additional noninterest expense
  • $368Pre-tax net operating income
  • $80Securities gains (losses)
  • $16Applicable income taxes
  • $432Income before extraordinary items
  • $0Extraordinary gains - net
  • $432Net income attributable to bank
  • $0Net charge-offs
  • $432Cash dividends
  • $42Sale, conversion, retirement of capital stock, net
  • $302Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.12%Yield on earning assets
  • 0.75%Cost of funding earning assets
  • 3.37%Net interest margin
  • 0.48%Noninterest income to earning assets
  • 3.21%Noninterest expense to earning assets
  • 0.55%Net operating income to assets
  • 0.67%Return on assets (ROA)
  • 0.69%Pretax return on assets
  • 7.69%Return on equity (ROE)
  • 2.32%Retained earnings to average equity (YTD only)
  • 0.13%Net charge-offs to loans
  • 47.62%Credit loss provision to net charge-offs
  • 9.24%Efficiency ratio
  • 83,482Assets per employee
  • 4.03%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 69.91%Loss allowance to loans
  • 1.34%Loss allowance to noncurrent loans
  • 67.72%Noncurrent assets plus other real estate owned to assets
  • 1.07%Noncurrent loans to loans
  • 1.98%Net loans and leases to deposits
  • 50.43%Net loans and leases to core deposits
  • 50.98%Equity capital to assets
  • 8.66%Core capital (leverage) ratio
  • 8.30%Tier 1 risk-based capital ratio
  • 16.70%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $64,547Average earning assets
  • $5,615Average equity
  • $61,043Average loans

List of branches

  • 2 Wisconsin Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08099Bank Of Turtle LakeMaple Street And Arthur Avenue, Turtle Lake, WI 54889January 01, 1900Full Service Brick and Mortar
    1227879Island City Branch1405 Second Avenue, Cumberland, WI 54829June 17, 1991Full Service Brick and Mortar

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