Clare Bank, National Association in Platteville, Wisconsin (WI)
Overview, Financial Summary, Detailed Financial Reports, Branches

Clare Bank, National Association - Overview

  • General
  • FDIC Certificate #: 1022
    Status: Active
    Federal Reserve ID: 988144
    Bank Holding Company (Regulatory Top Holder): Montfort Bancorporation, Inc. (RSSDID: 1205325, Location: Platteville, WI)
    Date Established: October 28, 1905
    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: 8 (Domestic: 8, Interstate: No)
    OTS Docket #: 10108
    FDIC's unique #: 678
    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: 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: 345 West Pine Street, Platteville, WI 53818
    County: Grant
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Madison
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Core Based Statistical Area (CBSA): Platteville, WI (#38420)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $260.4 mil
    Equity capital: $26.5 mil
    Deposits held in domestic offices: $232.5 mil
    Return on assets (ROA): 2.02% ($5.3 mil)
    Quarterly return on assets: 2.12% ($5.5 mil)
    Return on Equity (ROE): 20.62% ($5.4 mil)
    Quarterly return on equity: 20.90% ($5.4 mil)
    Net income: $5.1 mil
    Quarterly Net income: $1.4 mil
    Pretax return on assets: 2.02% ($5,260.8 mil)
    Quarterly Pretax return on assets: 2.12% ($5,521.3 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
  • 33Total employees (full-time equivalent)
  • $260,438Total assets
  • $17,210Cash and due from depository institutions
  • $11,771Interest-bearing balances
  • $71,494Securities
  • $2,939Federal funds sold & reverse repurchase agreements
  • $162,169Net loans & leases
  • $572Loan loss allowance
  • $0Trading account assets
  • $1,452Bank premises and fixed assets
  • $177Other real estate owned
  • $175Goodwill and other intangibles
  • $260,438Life insurance assets
  • $4,822All other assets
  • $233,965Total liabilities and capital
  • $232,514Total liabilities
  • $206,226Total deposits
  • $232,514Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $200Trading liabilities
  • $0Other borrowed funds
  • $1,251Subordinated debt
  • $26,473All other liabilities
  • $26,473Total equity capital
  • $26,473Total bank equity capital
  • $0Perpetual preferred stock
  • $1,500Common stock
  • $3,500Surplus
  • $21,473Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $791Income earned, not collected on loans
  • $77Earning assets
  • $1,487Long-term assets (5+ years)
  • $248,373Average Assets, year-to-date
  • $117,398Average Assets, quarterly
  • $253,759Volatile liabilities
  • $256,793Insider loans
  • $107,506FHLB advances
  • $252,881Loans and leases held for sale
  • $823Unused loan commitments
  • $823Tier 1 (core) risk-based capital
  • $23,830Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,397Restructured Loans and leases
  • $2,041Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,096Total interest income
  • $2,520Total interest expense
  • $7,576Net interest income
  • $0Provision for loan and lease losses
  • $491Total noninterest income
  • $0Fiduciary activities
  • $309Service charges on deposit accounts
  • $0Trading account gains & fees
  • $182Additional noninterest income
  • $3,206Total noninterest expense
  • $1,835Salaries and employee benefits
  • $247Premises and equipment expense
  • $1,124Additional noninterest expense
  • $4,861Pre-tax net operating income
  • $270Securities gains (losses)
  • $0Applicable income taxes
  • $5,131Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,131Net income attributable to bank
  • $0Net charge-offs
  • $5,131Cash dividends
  • $35Sale, conversion, retirement of capital stock, net
  • $2,465Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.16%Yield on earning assets
  • 1.04%Cost of funding earning assets
  • 3.12%Net interest margin
  • 0.20%Noninterest income to earning assets
  • 1.32%Noninterest expense to earning assets
  • 1.92%Net operating income to assets
  • 2.02%Return on assets (ROA)
  • 2.02%Pretax return on assets
  • 20.62%Return on equity (ROE)
  • 10.72%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 138.89%Efficiency ratio
  • 39,742Assets per employee
  • 7.89%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 48.04%Loss allowance to loans
  • 0.35%Loss allowance to noncurrent loans
  • 72.31%Noncurrent assets plus other real estate owned to assets
  • 0.37%Noncurrent loans to loans
  • 0.49%Net loans and leases to deposits
  • 69.75%Net loans and leases to core deposits
  • 71.31%Equity capital to assets
  • 10.16%Core capital (leverage) ratio
  • 9.42%Tier 1 risk-based capital ratio
  • 22.17%Total risk-based capital ratio
  • Memoranda
  • $23Average assets
  • $253,759Average earning assets
  • $24,878Average equity
  • $242,924Average loans

Total Fiduciary and Related Assets (December 31, 2003)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $13Managed Assets
  • 1Number of Accounts
  • $13Personal trust and agency accounts
  • $13Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 1Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 8 Wisconsin Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0678Clare Bank, National Association345 West Pine Street, Platteville, WI 53818October 28, 1905Full Service Brick and Mortar
    1187693Jamestown Branch3810 Dry Hollow Road, Jamestown Township, WI 53807March 25, 1975Full Service Brick and Mortar
    28949Bloomington Main BranchMain Street, Bloomington, WI 53804August 26, 1909Full Service Brick and Mortar
    315621Boscobel Main Branch1701 Elm Street, Boscobel, WI 53805Febuary 22, 1977Full Service Brick and Mortar
    47969Montfort Main Branch2 S Wall Street, Montfort, WI 53569March 28, 1905Full Service Brick and Mortar
    55543Shullsburg Main Branch105 West Water Street, Shullsburg, WI 53586January 01, 1909Full Service Brick and Mortar
    72853011290 4th Street Branch1290 4th Street, Fennimore, WI 53809November 08, 1971Full Service Brick and Mortar
    8285302107 W Nebraska Branch107 W Nebraska, Muscoda, WI 53573June 30, 1989Full Service Brick and Mortar

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