FDIC Certificate #: 5328 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:McFarland State Bank (#2476) Federal Reserve ID: 117841 Date Established: October 01, 1899 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 5 (Interstate: No) OTS Docket #: 14003 FDIC's unique #: 3593 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: January 28, 2011 Last Structure Change Process Date: January 31, 2011 Last Data Update: January 31, 2011 Data Source Date: April 05, 2012
Location
Address: 207 South Forrest Street, Stoughton, WI 53589 County: Dane 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 Metropolitan Statistical Area (MSA): Madison, WI (#4720) Combined Statistical Area (CSA): Madison-Baraboo, WI (#358) Core Based Statistical Area (CBSA): Madison, WI (#31540) CBSA Metro Statistical Area: Madison, WI (#31540)
Financial Summary
Total assets: $240.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2010)
Dollar figures in thousands
49Total employees (full-time equivalent)
$240,949Total assets
$26,169Cash and due from depository institutions
$16,129Interest-bearing balances
$48,760Securities
$4,915Federal funds sold & reverse repurchase agreements
$140,030Net loans & leases
$7,125Loan loss allowance
$0Trading account assets
$8,375Bank premises and fixed assets
$1,676Other real estate owned
$0Goodwill and other intangibles
$6,230Life insurance assets
$11,024All other assets
$240,949Total liabilities and capital
$240,684Total liabilities
$193,694Total deposits
$176,711Interest-bearing deposits
$193,694Deposits held in domestic offices
99.76%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$43,200Other borrowed funds
$0Subordinated debt
$3,790All other liabilities
$265Total equity capital
$265Total bank equity capital
$265Perpetual preferred stock
$0Common stock
$400Surplus
$16,431Undivided profits
Memoranda
$-16,566Noncurrent loans and leases
$6,465Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$23,233Earning assets
$0Long-term assets (5+ years)
$859Average Assets, year-to-date
$209,834Average Assets, quarterly
$48,789Volatile liabilities
$265,057Insider loans
$243,717FHLB advances
$72,110Loans and leases held for sale
$12,313Unused loan commitments
$43,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,465Total unused commitments
$5,437Restructured Loans and leases
$817Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$11,508Total interest income
$6,634Total interest expense
$4,874Net interest income
$11,687Provision for loan and lease losses
-$984Total noninterest income
$0Fiduciary activities
$363Service charges on deposit accounts
$0Trading account gains & fees
-$1,347Additional noninterest income
$9,549Total noninterest expense
$3,920Salaries and employee benefits
$851Premises and equipment expense
$4,778Additional noninterest expense
-$17,346Pre-tax net operating income
$870Securities gains (losses)
$6,128Applicable income taxes
-$22,604Income before extraordinary items
$0Extraordinary gains - net
-$22,604Net income attributable to bank
$0Net charge-offs
-$22,604Cash dividends
$11,123Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.89%Yield on earning assets
2.82%Cost of funding earning assets
2.07%Net interest margin
-0.42%Noninterest income to earning assets
4.06%Noninterest expense to earning assets
-8.86%Net operating income to assets
-8.53%Return on assets (ROA)
-6.22%Pretax return on assets
-188.58%Return on equity (ROE)
-188.58%Retained earnings to average equity (YTD only)
6.68%Net charge-offs to loans
105.07%Credit loss provision to net charge-offs
-0.51%Efficiency ratio
245,476Assets per employee
4.92%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
4.84%Loss allowance to noncurrent loans
30.67%Noncurrent assets plus other real estate owned to assets
10.34%Noncurrent loans to loans
15.79%Net loans and leases to deposits
72.29%Net loans and leases to core deposits
113.58%Equity capital to assets
0.11%Core capital (leverage) ratio
0.33%Tier 1 risk-based capital ratio
0.49%Total risk-based capital ratio
Memoranda
$1Average assets
$265,057Average earning assets
$11,986Average equity
$235,271Average loans
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