Denmark State Bank in Denmark, Wisconsin (WI)
Overview, Financial Summary, Detailed Financial Reports, Branches

Denmark State Bank - Overview

  • General
  • FDIC Certificate #: 13240
    Status: Active
    Federal Reserve ID: 222446
    Bank Holding Company (Regulatory Top Holder): Denmark Bancshares, Inc. (RSSDID: 1209789, Location: Denmark, WI)
    Date Established: March 21, 1909
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 11945
    FDIC's unique #: 8375
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: December 01, 2010
    Last Structure Change Process Date: December 06, 2010
    Last Data Update: December 06, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 103 Main Street, Denmark, WI 54208
    County: Brown
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Appleton
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Green Bay, WI (#3080)
    Core Based Statistical Area (CBSA): Green Bay, WI (#24580)
    CBSA Metro Statistical Area: Green Bay, WI (#24580)
  • Financial Summary
  • Total assets: $392.7 mil
    Equity capital: $40.2 mil
    Deposits held in domestic offices: $329.8 mil
    Return on assets (ROA): 0.78% ($3.1 mil)
    Quarterly return on assets: 0.83% ($3.3 mil)
    Return on Equity (ROE): 7.53% ($3.0 mil)
    Quarterly return on equity: 7.95% ($3.2 mil)
    Net income: $3.0 mil
    Quarterly Net income: $0.8 mil
    Pretax return on assets: 1.10% ($4,319.3 mil)
    Quarterly Pretax return on assets: 1.20% ($4,712.0 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
  • 83Total employees (full-time equivalent)
  • $392,666Total assets
  • $21,906Cash and due from depository institutions
  • $9,957Interest-bearing balances
  • $67,611Securities
  • $20,187Federal funds sold & reverse repurchase agreements
  • $266,316Net loans & leases
  • $6,045Loan loss allowance
  • $0Trading account assets
  • $209Bank premises and fixed assets
  • $802Other real estate owned
  • $137Goodwill and other intangibles
  • $392,666Life insurance assets
  • $15,498All other assets
  • $352,417Total liabilities and capital
  • $329,782Total liabilities
  • $280,334Total deposits
  • $329,782Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $21,650Trading liabilities
  • $0Other borrowed funds
  • $985Subordinated debt
  • $40,249All other liabilities
  • $40,249Total equity capital
  • $40,249Total bank equity capital
  • $0Perpetual preferred stock
  • $199Common stock
  • $9,500Surplus
  • $30,550Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $486Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,656Income earned, not collected on loans
  • $0Earning assets
  • $1,165Long-term assets (5+ years)
  • $364,071Average Assets, year-to-date
  • $83,782Average Assets, quarterly
  • $382,281Volatile liabilities
  • $385,967Insider loans
  • $274,788FHLB advances
  • $378,408Loans and leases held for sale
  • $7,083Unused loan commitments
  • $7,083Tier 1 (core) risk-based capital
  • $40,551Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $41,315Restructured Loans and leases
  • $284Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $16,403Total interest income
  • $3,885Total interest expense
  • $12,518Net interest income
  • $600Provision for loan and lease losses
  • $1,911Total noninterest income
  • $0Fiduciary activities
  • $547Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,364Additional noninterest income
  • $9,462Total noninterest expense
  • $5,708Salaries and employee benefits
  • $1,042Premises and equipment expense
  • $2,712Additional noninterest expense
  • $4,367Pre-tax net operating income
  • -$173Securities gains (losses)
  • $1,200Applicable income taxes
  • $2,994Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,994Net income attributable to bank
  • $0Net charge-offs
  • $2,994Cash dividends
  • $886Sale, conversion, retirement of capital stock, net
  • $1,795Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.64%Yield on earning assets
  • 1.10%Cost of funding earning assets
  • 3.54%Net interest margin
  • 0.54%Noninterest income to earning assets
  • 2.67%Noninterest expense to earning assets
  • 0.82%Net operating income to assets
  • 0.78%Return on assets (ROA)
  • 1.10%Pretax return on assets
  • 7.53%Return on equity (ROE)
  • 3.01%Retained earnings to average equity (YTD only)
  • 0.33%Net charge-offs to loans
  • 67.72%Credit loss provision to net charge-offs
  • 5.61%Efficiency ratio
  • 64,246Assets per employee
  • 4.73%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 59.95%Loss allowance to loans
  • 2.22%Loss allowance to noncurrent loans
  • 69.84%Noncurrent assets plus other real estate owned to assets
  • 2.41%Noncurrent loans to loans
  • 3.18%Net loans and leases to deposits
  • 80.76%Net loans and leases to core deposits
  • 82.22%Equity capital to assets
  • 10.25%Core capital (leverage) ratio
  • 10.72%Tier 1 risk-based capital ratio
  • 14.76%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $382,281Average earning assets
  • $39,768Average equity
  • $353,727Average loans

List of branches

  • 6 Wisconsin Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08375Denmark State Bank103 Main Street, Denmark, WI 54208March 21, 1909Full Service Brick and Mortar
    1229370Noel Drive Branch2646 Noel Drive, Green Bay, WI 54311November 11, 1969Full Service Brick and Mortar
    29521Maribel Branch14727 South Maribel Road, Maribel, WI 54227June 20, 1912Full Service Brick and Mortar
    3233303Whitelaw Branch202 North Hickory Street, Whitelaw, WI 54247April 07, 1934Full Service Brick and Mortar
    47848Manitowoc Street Branch427 Manitowoc Street, Reedsville, WI 54230December 01, 1906Full Service Brick and Mortar
    6432020Wrightstown-West Office1050 Broadway Street, Wrightstown, WI 54180August 30, 2004Full Service Brick and Mortar

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