FDIC Certificate #: 8709 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:National Bank of Commerce (#14266) Federal Reserve ID: 712750 Date Established: January 01, 1919 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) OTS Docket #: 12543 FDIC's unique #: 5542 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: November 15, 2008 Last Structure Change Process Date: December 02, 2008 Last Data Update: December 02, 2008 Data Source Date: April 05, 2012
Location
Address: 1214 Tower Avenue, Superior, WI 54880 County: Douglas 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 Metropolitan Statistical Area (MSA): Duluth-Superior, MN-WI (#2240) Core Based Statistical Area (CBSA): Duluth, MN-WI (#20260) CBSA Metro Statistical Area: Duluth, MN-WI (#20260)
Financial Summary
Total assets: $97.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2007)
Dollar figures in thousands
27Total employees (full-time equivalent)
$90,369Total assets
$1,648Cash and due from depository institutions
$51Interest-bearing balances
$19,253Securities
$5,529Federal funds sold & reverse repurchase agreements
$59,559Net loans & leases
$854Loan loss allowance
$0Trading account assets
$1,142Bank premises and fixed assets
$340Other real estate owned
$0Goodwill and other intangibles
$1,814Life insurance assets
$2,898All other assets
$90,369Total liabilities and capital
$81,455Total liabilities
$81,052Total deposits
$71,599Interest-bearing deposits
$81,052Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$403All other liabilities
$8,914Total equity capital
$8,914Total bank equity capital
$8,914Perpetual preferred stock
$0Common stock
$300Surplus
$2,200Undivided profits
Memoranda
$6,414Noncurrent loans and leases
$2,826Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,348Earning assets
$0Long-term assets (5+ years)
$415Average Assets, year-to-date
$84,392Average Assets, quarterly
$1,742Volatile liabilities
$88,770Insider loans
$90,252FHLB advances
$14,277Loans and leases held for sale
$4,566Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,826Total unused commitments
$584Restructured Loans and leases
$724Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$5,571Total interest income
$2,867Total interest expense
$2,704Net interest income
$0Provision for loan and lease losses
$441Total noninterest income
$0Fiduciary activities
$263Service charges on deposit accounts
$0Trading account gains & fees
$178Additional noninterest income
$1,938Total noninterest expense
$1,131Salaries and employee benefits
$338Premises and equipment expense
$469Additional noninterest expense
$1,207Pre-tax net operating income
$0Securities gains (losses)
$379Applicable income taxes
$828Income before extraordinary items
$0Extraordinary gains - net
$828Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$24Sale, conversion, retirement of capital stock, net
$1,492Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.78%Yield on earning assets
3.49%Cost of funding earning assets
3.29%Net interest margin
0.54%Noninterest income to earning assets
2.36%Noninterest expense to earning assets
0.93%Net operating income to assets
0.93%Return on assets (ROA)
1.36%Pretax return on assets
9.23%Return on equity (ROE)
-7.40%Retained earnings to average equity (YTD only)
0.04%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
50.29%Efficiency ratio
61,622Assets per employee
3.35%Cash dividends to net income (YTD only)
Condition Ratios (%)
180.19%Loss allowance to loans
1.41%Loss allowance to noncurrent loans
63.35%Noncurrent assets plus other real estate owned to assets
1.87%Noncurrent loans to loans
2.23%Net loans and leases to deposits
73.48%Net loans and leases to core deposits
89.19%Equity capital to assets
9.86%Core capital (leverage) ratio
9.89%Tier 1 risk-based capital ratio
15.43%Total risk-based capital ratio
Memoranda
$17Average assets
$88,770Average earning assets
$8,971Average equity
$82,188Average loans
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