Community Bank in Superior, Wisconsin (WI)



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Table of contents:
Community Bank
GeneralFDIC 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
LocationAddress: 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 SummaryTotal 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)
Total employees (full-time equivalent)27
Total assets$90,369
Cash and due from depository institutions$1,648
Interest-bearing balances$51
Securities$19,253
Federal funds sold & reverse repurchase agreements$5,529
Net loans & leases$59,559
Loan loss allowance $854
Trading account assets$0
Bank premises and fixed assets$1,142
Other real estate owned$340
Goodwill and other intangibles$0
All other assets$2,898
Life insurance assets$1,814
Total liabilities and capital$90,369
Total liabilities$81,455
Total deposits$81,052
Interest-bearing deposits$71,599
Deposits held in domestic offices$81,052
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $403
Total equity capital$8,914
Total bank equity capital$8,914
Perpetual preferred stock$8,914
Common stock$0
Surplus$300
Undivided profits $2,200
Memoranda
Noncurrent loans and leases $6,414
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $2,826
Income earned, not collected on loans $0
Earning assets $1,348
Long-term assets (5+ years) $0
Average Assets, year-to-date $415
Average Assets, quarterly $84,392
Volatile liabilities $1,742
Insider loans $88,770
FHLB advances $90,252
Loans and leases held for sale $14,277
Unused loan commitments $4,566
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $2,826
Restructured Loans and leases $584
Derivatives$724
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Income and Expense (December 31, 2007)
(Dollar figures in thousands)
Total interest income $5,571
Total interest expense $2,867
Net interest income $2,704
Provision for loan and lease losses $0
Total noninterest income $441
Fiduciary activities $0
Service charges on deposit accounts $263
Trading account gains & fees $0
Additional noninterest income $178
Total noninterest expense $1,938
Salaries and employee benefits $1,131
Premises and equipment expense $338
Additional noninterest expense $469
Pre-tax net operating income $1,207
Securities gains (losses) $0
Applicable income taxes $379
Income before extraordinary items $828
Extraordinary gains - net $0
Net income attributable to bank $828
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $24
Net operating income $1,492
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Performance and Condition Ratios (December 31, 2007)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.78%
Cost of funding earning assets 3.49%
Net interest margin 3.29%
Noninterest income to earning assets 0.54%
Noninterest expense to earning assets 2.36%
Net operating income to assets 0.93%
Return on assets (ROA) 0.93%
Pretax return on assets 1.36%
Return on equity (ROE) 9.23%
Retained earnings to average equity (YTD only) -7.40%
Net charge-offs to loans 0.04%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio50.29%
Assets per employee$61,622
Cash dividends to net income (YTD only)3.35%
Condition Ratios (%)
Loss allowance to loans 180.19%
Loss allowance to noncurrent loans 1.41%
Noncurrent assets plus other real estate owned to assets 63.35%
Noncurrent loans to loans 1.87%
Net loans and leases to deposits2.23%
Net loans and leases to core deposits 73.48%
Equity capital to assets 89.19%
Core capital (leverage) ratio 9.86%
Tier 1 risk-based capital ratio 9.89%
Total risk-based capital ratio 15.43%
Memoranda
Average assets$17
Average earning assets$88,770
Average equity $8,971
Average loans $82,188
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