Dairy State Bank in Rice Lake, Wisconsin (WI)
Overview, Financial Summary, Detailed Financial Reports, Branches

Dairy State Bank - Overview

  • General
  • FDIC Certificate #: 17162
    Status: Active
    Federal Reserve ID: 57451
    Bank Holding Company (Regulatory Top Holder): Dairy State Bancorp, Inc. (RSSDID: 1126121, Location: Rice Lake, WI)
    Date Established: January 02, 1953
    WWW: http://www.dairystatebank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 10 (Domestic: 10, Interstate: No)
    OTS Docket #: 10201
    FDIC's unique #: 11198
    Numeric code: 21
    Regulator: FDIC
    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: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 02, 1953
    Last Structure Change Effective Date: Febuary 29, 2008
    Last Structure Change Process Date: March 11, 2008
    Last Data Update: March 11, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 16 South Main Street, Rice Lake, WI 54868
    County: Barron
    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
  • History of Changes
  • Office Purchased
  • Financial Summary
  • Total assets: $453.0 mil
    Equity capital: $47.5 mil
    Deposits held in domestic offices: $339.2 mil
    Return on assets (ROA): 0.72% ($3.3 mil)
    Quarterly return on assets: 0.74% ($3.4 mil)
    Return on Equity (ROE): 7.13% ($3.4 mil)
    Quarterly return on equity: 7.04% ($3.4 mil)
    Net income: $3.3 mil
    Quarterly Net income: $0.8 mil
    Pretax return on assets: 1.02% ($4,620.6 mil)
    Quarterly Pretax return on assets: 1.12% ($5,073.6 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
  • 90Total employees (full-time equivalent)
  • $452,997Total assets
  • $12,650Cash and due from depository institutions
  • $6,180Interest-bearing balances
  • $227,502Securities
  • $1,382Federal funds sold & reverse repurchase agreements
  • $198,568Net loans & leases
  • $6,784Loan loss allowance
  • $0Trading account assets
  • $4,764Bank premises and fixed assets
  • $3,006Other real estate owned
  • $0Goodwill and other intangibles
  • $452,997Life insurance assets
  • $5,125All other assets
  • $405,493Total liabilities and capital
  • $339,226Total liabilities
  • $290,844Total deposits
  • $339,226Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 50504.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $12,200Trading liabilities
  • $0Other borrowed funds
  • $3,563Subordinated debt
  • $47,504All other liabilities
  • $47,504Total equity capital
  • $47,504Total bank equity capital
  • $0Perpetual preferred stock
  • $612Common stock
  • $18,197Surplus
  • $28,695Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $112Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,821Income earned, not collected on loans
  • $0Earning assets
  • $2,057Long-term assets (5+ years)
  • $433,632Average Assets, year-to-date
  • $188,160Average Assets, quarterly
  • $454,620Volatile liabilities
  • $450,878Insider loans
  • $233,282FHLB advances
  • $470,228Loans and leases held for sale
  • $596Unused loan commitments
  • $596Tier 1 (core) risk-based capital
  • $44,369Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $32,994Restructured Loans and leases
  • $4,414Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $18,225Total interest income
  • $4,395Total interest expense
  • $13,830Net interest income
  • $2,440Provision for loan and lease losses
  • $1,179Total noninterest income
  • $0Fiduciary activities
  • $467Service charges on deposit accounts
  • $0Trading account gains & fees
  • $712Additional noninterest income
  • $7,969Total noninterest expense
  • $4,584Salaries and employee benefits
  • $1,098Premises and equipment expense
  • $2,287Additional noninterest expense
  • $4,600Pre-tax net operating income
  • $18Securities gains (losses)
  • $1,346Applicable income taxes
  • $3,272Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,272Net income attributable to bank
  • $0Net charge-offs
  • $3,272Cash dividends
  • $797Sale, conversion, retirement of capital stock, net
  • $459Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.17%Yield on earning assets
  • 1.01%Cost of funding earning assets
  • 3.16%Net interest margin
  • 0.27%Noninterest income to earning assets
  • 1.82%Noninterest expense to earning assets
  • 0.72%Net operating income to assets
  • 0.72%Return on assets (ROA)
  • 1.02%Pretax return on assets
  • 7.13%Return on equity (ROE)
  • 6.13%Retained earnings to average equity (YTD only)
  • 0.36%Net charge-offs to loans
  • 306.15%Credit loss provision to net charge-offs
  • 8.83%Efficiency ratio
  • 53,095Assets per employee
  • 5.03%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 14.03%Loss allowance to loans
  • 3.30%Loss allowance to noncurrent loans
  • 116.54%Noncurrent assets plus other real estate owned to assets
  • 1.95%Noncurrent loans to loans
  • 2.83%Net loans and leases to deposits
  • 58.54%Net loans and leases to core deposits
  • 60.93%Equity capital to assets
  • 10.49%Core capital (leverage) ratio
  • 9.44%Tier 1 risk-based capital ratio
  • 19.02%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $454,620Average earning assets
  • $45,905Average equity
  • $437,078Average loans

List of branches

  • 10 Wisconsin Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    011198Dairy State Bank16 South Main Street, Rice Lake, WI 54868January 02, 1953Full Service Brick and Mortar
    11618Birchwood Branch124 N. Main Street, Birchwood, WI 54817May 07, 1919Full Service Brick and Mortar
    2192679Haugen Branch103 Third Street, Haugen, WI 54841June 01, 1972Full Service Brick and Mortar
    36405Prairie Farm Branch100 Hepburn Street East, Prairie Farm, WI 54762March 18, 1908Full Service Brick and Mortar
    4235804Downtown Branch600 Second Street, Menomonie, WI 54751May 11, 1964Limited Service Facility
    5235805Downsville BranchE4491 County Road C, Downsville, WI 54735April 24, 1972Full Service Brick and Mortar
    6235806Wheeler Branch100 S. Highway 25, Wheeler, WI 54772June 01, 1972Full Service Brick and Mortar
    8441490Colfax Branch101 South Main Street, Colfax, WI 54730July 07, 2005Full Service Brick and Mortar
    9454906North Menomonie Branch2320 Hiway 25 North, Menomonie, WI 54751August 24, 2006Limited Service Facility
    10473044Menomonie Branch2405 Schneider Avenue, Menomonie, WI 54751Febuary 29, 2008Full Service Brick and Mortar

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