Banks of Wisconsin in Kenosha, Wisconsin (WI)



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Banks of Wisconsin
GeneralFDIC Certificate #: 35386
Status: Active
Federal Reserve ID: 2886187
Bank Holding Company (Regulatory Top Holder): Wisconsin Bancshares, Inc. (RSSDID: 3304996, Location: Kenosha, WI)
Date Established: June 26, 2000
WWW: http://www.bankofkenosha.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Domestic: 2, Interstate: No)
FDIC's unique #: 78854
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: Commercial Lending Specialization
Date of Deposit Insurance: June 26, 2000
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
LocationAddress: 5117 Green Bay Road, Kenosha, WI 53144
County: Kenosha
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Milwaukee
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Metropolitan Statistical Area (MSA): Kenosha, WI (#3800)
Consolidated Metropolitan Statistical Area (CMSA): Chicago-Gary-Kenosha, IL-IN-WI (#14)
Combined Statistical Area (CSA): Chicago-Naperville-Michigan City, IL-IN-WI (#176)
Core Based Statistical Area (CBSA): Chicago-Joliet-Naperville, IL-IN-WI (#16980)
CBSA Metro Statistical Area: Chicago-Joliet-Naperville, IL-IN-WI (#16980)
Core Based Statistical Division: Lake County-Kenosha County, IL-WI (#29404)
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $166.6 mil
Equity capital: $8.7 mil
Deposits held in domestic offices: $145.7 mil
Return on assets (ROA): -3.45% (-$5.8 mil)
Quarterly return on assets: -6.04% (-$10.1 mil)
Return on Equity (ROE): -57.41% (-$5.2 mil)
Quarterly return on equity: -103.73% (-$9.3 mil)
Net income: -$6.5 mil
Quarterly Net income: -$2.6 mil
Pretax return on assets: -3.45% (-$5,746.0 mil)
Quarterly Pretax return on assets: -6.04% (-$10,059.7 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)
Total employees (full-time equivalent)50
Total assets$166,552
Cash and due from depository institutions$9,274
Interest-bearing balances$6,252
Securities$28,382
Federal funds sold & reverse repurchase agreements$2,600
Net loans & leases$114,256
Loan loss allowance $4,707
Trading account assets$0
Bank premises and fixed assets$3,254
Other real estate owned$6,260
Goodwill and other intangibles$0
All other assets$2,526
Life insurance assets$166,552
Total liabilities and capital$157,891
Total liabilities$145,734
Total deposits$131,086
Interest-bearing deposits$145,734
Deposits held in domestic offices$93
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$10,850
Other borrowed funds $0
Subordinated debt $1,307
All other liabilities $8,661
Total equity capital$8,661
Total bank equity capital$8,661
Perpetual preferred stock$0
Common stock$2,067
Surplus$17,561
Undivided profits $-10,967
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $309
Income earned, not collected on loans $19,286
Earning assets $194
Long-term assets (5+ years) $633
Average Assets, year-to-date $151,490
Average Assets, quarterly $19,568
Volatile liabilities $187,572
Insider loans $171,711
FHLB advances $121,647
Loans and leases held for sale $171,870
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $6,802
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $8,671
Derivatives$8,609
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $8,332
Total interest expense $2,486
Net interest income $5,846
Provision for loan and lease losses $5,414
Total noninterest income $788
Fiduciary activities $0
Service charges on deposit accounts $253
Trading account gains & fees $0
Additional noninterest income $535
Total noninterest expense $7,697
Salaries and employee benefits $3,130
Premises and equipment expense $968
Additional noninterest expense $3,599
Pre-tax net operating income -$6,477
Securities gains (losses) $15
Applicable income taxes $0
Income before extraordinary items -$6,462
Extraordinary gains - net $0
Net income attributable to bank -$6,462
Net charge-offs $0
Cash dividends -$6,462
Sale, conversion, retirement of capital stock, net $5,511
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.74%
Cost of funding earning assets 1.41%
Net interest margin 3.33%
Noninterest income to earning assets 0.45%
Noninterest expense to earning assets 4.38%
Net operating income to assets -3.45%
Return on assets (ROA) -3.45%
Pretax return on assets -3.45%
Return on equity (ROE) -57.41%
Retained earnings to average equity (YTD only) -57.41%
Net charge-offs to loans 3.95%
Credit loss provision to net charge-offs 98.24%
Efficiency ratio-0.19%
Assets per employee$116,024
Cash dividends to net income (YTD only)3.33%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 3.96%
Noncurrent assets plus other real estate owned to assets 24.41%
Noncurrent loans to loans 15.34%
Net loans and leases to deposits16.21%
Net loans and leases to core deposits 78.40%
Equity capital to assets 83.31%
Core capital (leverage) ratio 5.20%
Tier 1 risk-based capital ratio 3.96%
Total risk-based capital ratio 5.59%
Memoranda
Average assets$7
Average earning assets$187,572
Average equity $11,256
Average loans $175,773
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2 Wisconsin Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
078854Banks Of Wisconsin5117 Green Bay Road, Kenosha, WI 53144June 26, 2000Full Service Brick and Mortar
2440169South Kenosha Branch8056 39th Avenue, Kenosha, WI 53142April 18, 2005Full Service Brick and Mortar
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