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

This bank is inactive as of August 29, 2000

  • Community First National Bank in Spooner, Wisconsin (WI)
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Community First National Bank - Overview

  • General
  • FDIC Certificate #: 9527
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Community First National Bank (#3924)
    Federal Reserve ID: 710653
    Date Established: August 11, 1903
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 4 (Interstate: No)
    OTS Docket #: 12724
    FDIC's unique #: 6123
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: August 29, 2000
    Last Structure Change Process Date: October 02, 2000
    Last Data Update: October 02, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 116-118 Elm Street, Spooner, WI 54801
    County: Washburn
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Eau Claire
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
  • Financial Summary
  • Total assets: $120.5 mil

1992 - 1999 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, 1999)

  • Dollar figures in thousands
  • 29Total employees (full-time equivalent)
  • $116,360Total assets
  • $4,644Cash and due from depository institutions
  • $671Interest-bearing balances
  • $23,314Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $80,097Net loans & leases
  • $1,139Loan loss allowance
  • $0Trading account assets
  • $1,973Bank premises and fixed assets
  • $535Other real estate owned
  • $1,782Goodwill and other intangibles
  • $0Life insurance assets
  • $4,015All other assets
  • $116,360Total liabilities and capital
  • $106,496Total liabilities
  • $96,635Total deposits
  • $84,511Interest-bearing deposits
  • $96,635Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $5,333Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $3,500Other borrowed funds
  • $0Subordinated debt
  • $1,028All other liabilities
  • $9,864Total equity capital
  • $9,864Total bank equity capital
  • $9,864Perpetual preferred stock
  • $0Common stock
  • $5,000Surplus
  • $1,000Undivided profits
  • Memoranda
  • $3,864Noncurrent loans and leases
  • $6,160Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $70Earning assets
  • $0Long-term assets (5+ years)
  • $486Average Assets, year-to-date
  • $104,082Average Assets, quarterly
  • $22,954Volatile liabilities
  • $110,538Insider loans
  • $114,957FHLB advances
  • $22,448Loans and leases held for sale
  • $3Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $158Total risk weighted assets
  • $6,160Total unused commitments
  • $0Restructured Loans and leases
  • $1,052Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $8,295Total interest income
  • $3,472Total interest expense
  • $4,823Net interest income
  • $315Provision for loan and lease losses
  • $941Total noninterest income
  • $0Fiduciary activities
  • $474Service charges on deposit accounts
  • $0Trading account gains & fees
  • $467Additional noninterest income
  • $2,803Total noninterest expense
  • $1,239Salaries and employee benefits
  • $345Premises and equipment expense
  • $1,219Additional noninterest expense
  • $2,646Pre-tax net operating income
  • $21Securities gains (losses)
  • $837Applicable income taxes
  • $1,830Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,830Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $115Sale, conversion, retirement of capital stock, net
  • $1,700Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.36%Yield on earning assets
  • 3.50%Cost of funding earning assets
  • 4.86%Net interest margin
  • 0.95%Noninterest income to earning assets
  • 2.83%Noninterest expense to earning assets
  • 1.64%Net operating income to assets
  • 1.66%Return on assets (ROA)
  • 2.41%Pretax return on assets
  • 18.10%Return on equity (ROE)
  • 1.29%Retained earnings to average equity (YTD only)
  • 0.14%Net charge-offs to loans
  • 273.91%Credit loss provision to net charge-offs
  • 25.75%Efficiency ratio
  • 45,246Assets per employee
  • 4.01%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 92.90%Loss allowance to loans
  • 1.40%Loss allowance to noncurrent loans
  • 1627.14%Noncurrent assets plus other real estate owned to assets
  • 0.52%Noncurrent loans to loans
  • 0.09%Net loans and leases to deposits
  • 82.89%Net loans and leases to core deposits
  • 96.48%Equity capital to assets
  • 8.48%Core capital (leverage) ratio
  • 7.46%Tier 1 risk-based capital ratio
  • 10.14%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $110,538Average earning assets
  • $10,111Average equity
  • $99,165Average loans

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