F&M Bank-Elkhorn in Elkhorn, Wisconsin (WI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 03, 2000

F&M Bank-Elkhorn in Elkhorn, Wisconsin (WI)
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F&M Bank-Elkhorn - Overview

General
FDIC Certificate #: 26961
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: F & M Bank-Wisconsin (#5305)
Federal Reserve ID: 226640
Date Established: May 11, 1987
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 1 (Interstate: No)
OTS Docket #: 13739
FDIC's unique #: 36372
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: May 11, 1987
Last Structure Change Effective Date: January 03, 2000
Last Structure Change Process Date: March 29, 2000
Last Data Update: March 29, 2000
Data Source Date: April 05, 2012
Location
Address: 10 North Lincoln Street, Elkhorn, WI 53121
County: Walworth
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Milwaukee
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Core Based Statistical Area (CBSA): Whitewater, WI (#48580)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $96.9 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
27Total employees (full-time equivalent)
$96,898Total assets
$3,731Cash and due from depository institutions
$0Interest-bearing balances
$23,278Securities
$3,957Federal funds sold & reverse repurchase agreements
$61,430Net loans & leases
$874Loan loss allowance
$0Trading account assets
$1,991Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,511All other assets
$96,898Total liabilities and capital
$89,083Total liabilities
$88,104Total deposits
$69,274Interest-bearing deposits
$88,104Deposits held in domestic offices
0.00%% insured (estimated)
$420Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$559All other liabilities
$7,815Total equity capital
$7,815Total bank equity capital
$7,815Perpetual preferred stock
$0Common stock
$650Surplus
$3,300Undivided profits
Memoranda
$3,865Noncurrent loans and leases
$3,838Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,263Earning assets
$0Long-term assets (5+ years)
$461Average Assets, year-to-date
$88,665Average Assets, quarterly
$1,502Volatile liabilities
$100,869Insider loans
$96,476FHLB advances
$6,707Loans and leases held for sale
$546Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$57Total risk weighted assets
$3,838Total unused commitments
$0Restructured Loans and leases
$874Derivatives

Income and Expense (December 31, 1999)

Dollar figures in thousands
$6,996Total interest income
$2,975Total interest expense
$4,021Net interest income
$33Provision for loan and lease losses
$439Total noninterest income
$0Fiduciary activities
$282Service charges on deposit accounts
$0Trading account gains & fees
$157Additional noninterest income
$2,190Total noninterest expense
$1,116Salaries and employee benefits
$281Premises and equipment expense
$793Additional noninterest expense
$2,237Pre-tax net operating income
-$110Securities gains (losses)
$786Applicable income taxes
$1,341Income before extraordinary items
$0Extraordinary gains - net
$1,341Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$283Sale, conversion, retirement of capital stock, net
$1,852Net operating income

Performance and Condition Ratios (December 31, 1999)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.62%Yield on earning assets
3.24%Cost of funding earning assets
4.38%Net interest margin
0.48%Noninterest income to earning assets
2.38%Noninterest expense to earning assets
1.40%Net operating income to assets
1.33%Return on assets (ROA)
2.11%Pretax return on assets
15.96%Return on equity (ROE)
-6.08%Retained earnings to average equity (YTD only)
0.44%Net charge-offs to loans
11.66%Credit loss provision to net charge-offs
8.02%Efficiency ratio
49,103Assets per employee
3.59%Cash dividends to net income (YTD only)
Condition Ratios (%)
138.11%Loss allowance to loans
1.40%Loss allowance to noncurrent loans
69.20%Noncurrent assets plus other real estate owned to assets
1.30%Noncurrent loans to loans
2.03%Net loans and leases to deposits
69.72%Net loans and leases to core deposits
75.08%Equity capital to assets
8.07%Core capital (leverage) ratio
8.25%Tier 1 risk-based capital ratio
11.20%Total risk-based capital ratio
Memoranda
$12Average assets
$100,869Average earning assets
$8,405Average equity
$91,855Average loans

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