Community First Bank in Boscobel, Wisconsin (WI)
Overview, Financial Summary, Detailed Financial Reports, Branches

Community First Bank - Overview

  • General
  • FDIC Certificate #: 11595
    Status: Active
    Federal Reserve ID: 175140
    Bank Holding Company (Regulatory Top Holder): Boscobel Bancorp, Inc. (RSSDID: 1492291, Location: Boscobel, WI)
    Date Established: January 01, 1871
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 10444
    FDIC's unique #: 7409
    Numeric code: 13
    Regulator: FED
    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: 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: 925 Wisconsin Avenue, Boscobel, WI 53805
    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: $217.6 mil
    Equity capital: $21.1 mil
    Deposits held in domestic offices: $181.6 mil
    Return on assets (ROA): 0.85% ($1.9 mil)
    Quarterly return on assets: 0.98% ($2.1 mil)
    Return on Equity (ROE): 9.59% ($2.0 mil)
    Quarterly return on equity: 10.28% ($2.2 mil)
    Net income: $1.9 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 0.85% ($1,849.4 mil)
    Quarterly Pretax return on assets: 0.98% ($2,132.3 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
  • 73Total employees (full-time equivalent)
  • $217,580Total assets
  • $18,183Cash and due from depository institutions
  • $12,123Interest-bearing balances
  • $43,765Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $140,583Net loans & leases
  • $4,321Loan loss allowance
  • $0Trading account assets
  • $5,130Bank premises and fixed assets
  • $3,288Other real estate owned
  • $0Goodwill and other intangibles
  • $217,580Life insurance assets
  • $6,631All other assets
  • $196,517Total liabilities and capital
  • $181,621Total liabilities
  • $155,981Total deposits
  • $181,621Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 3753.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $10,500Trading liabilities
  • $0Other borrowed funds
  • $643Subordinated debt
  • $21,063All other liabilities
  • $21,063Total equity capital
  • $21,063Total bank equity capital
  • $0Perpetual preferred stock
  • $300Common stock
  • $4,700Surplus
  • $16,063Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $641Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,502Income earned, not collected on loans
  • $0Earning assets
  • $667Long-term assets (5+ years)
  • $196,471Average Assets, year-to-date
  • $34,677Average Assets, quarterly
  • $225,125Volatile liabilities
  • $218,811Insider loans
  • $137,387FHLB advances
  • $218,877Loans and leases held for sale
  • $3,494Unused loan commitments
  • $2,986Tier 1 (core) risk-based capital
  • $20,241Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $508Total unused commitments
  • $13,517Restructured Loans and leases
  • $331Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,882Total interest income
  • $2,423Total interest expense
  • $7,459Net interest income
  • $0Provision for loan and lease losses
  • $1,833Total noninterest income
  • $0Fiduciary activities
  • $788Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,045Additional noninterest income
  • $7,405Total noninterest expense
  • $3,559Salaries and employee benefits
  • $740Premises and equipment expense
  • $3,106Additional noninterest expense
  • $1,887Pre-tax net operating income
  • $20Securities gains (losses)
  • $0Applicable income taxes
  • $1,907Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,907Net income attributable to bank
  • $0Net charge-offs
  • $1,907Cash dividends
  • $2,192Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.84%Yield on earning assets
  • 1.19%Cost of funding earning assets
  • 3.65%Net interest margin
  • 0.90%Noninterest income to earning assets
  • 3.63%Noninterest expense to earning assets
  • 0.84%Net operating income to assets
  • 0.85%Return on assets (ROA)
  • 0.85%Pretax return on assets
  • 9.59%Return on equity (ROE)
  • 9.59%Retained earnings to average equity (YTD only)
  • 1.40%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.86%Efficiency ratio
  • 79,692Assets per employee
  • 2.98%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.98%Loss allowance to noncurrent loans
  • 66.46%Noncurrent assets plus other real estate owned to assets
  • 4.50%Noncurrent loans to loans
  • 4.49%Net loans and leases to deposits
  • 77.40%Net loans and leases to core deposits
  • 95.04%Equity capital to assets
  • 9.68%Core capital (leverage) ratio
  • 9.25%Tier 1 risk-based capital ratio
  • 14.73%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $225,125Average earning assets
  • $19,877Average equity
  • $204,267Average loans

List of branches

  • 6 Wisconsin Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07409Community First Bank925 Wisconsin Avenue, Boscobel, WI 53805January 01, 1871Full Service Brick and Mortar
    1225223Blue River Branch209 Exchange Street, Blue River, WI 53518November 19, 1945Full Service Brick and Mortar
    2225224Muscoda Branch101 North Wisconsin Avenue, Muscoda, WI 53573December 24, 1942Full Service Brick and Mortar
    5225227Richland Center Branch1200 Sextonville Road, Richland Center, WI 53581April 24, 1995Full Service Brick and Mortar
    6360629Reedsburg Branch115 Main Street, Reedsburg, WI 53959September 25, 2000Full Service Brick and Mortar
    7365679Baraboo Branch129 8th Avenue, Baraboo, WI 53913November 04, 2002Full Service Brick and Mortar

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