Farmers and Merchants Union Bank in Columbus, Wisconsin (WI)

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Farmers and Merchants Union Bank
GeneralFDIC Certificate #: 14445
Status: Active
Federal Reserve ID: 51842
Bank Holding Company (Regulatory Top Holder): Jewel Box Financial Services, Inc. (RSSDID: 2653071, Location: Columbus, WI)
Date Established: September 05, 1861
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Domestic: 5, Interstate: No)
OTS Docket #: 14748
FDIC's unique #: 9027
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: June 05, 1934
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 159 West James Street, Columbus, WI 53925
County: Columbia
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
Combined Statistical Area (CSA): Madison-Baraboo, WI (#358)
Core Based Statistical Area (CBSA): Madison, WI (#31540)
CBSA Metro Statistical Area: Madison, WI (#31540)
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $293.0 mil
Equity capital: $26.7 mil
Deposits held in domestic offices: $265.5 mil
Return on assets (ROA): 0.76% ($2.2 mil)
Quarterly return on assets: 0.28% ($0.8 mil)
Return on Equity (ROE): 7.90% ($2.1 mil)
Quarterly return on equity: 2.99% ($0.8 mil)
Net income: $2.0 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 1.18% ($3,457.2 mil)
Quarterly Pretax return on assets: 0.24% ($703.1 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)
Total employees (full-time equivalent)54
Total assets$292,979
Cash and due from depository institutions$54,266
Interest-bearing balances$49
Federal funds sold & reverse repurchase agreements$561
Net loans & leases$205,942
Loan loss allowance $4,750
Trading account assets$0
Bank premises and fixed assets$7,123
Other real estate owned$2,335
Goodwill and other intangibles$0
All other assets$5,801
Life insurance assets$292,979
Total liabilities and capital$266,253
Total liabilities$265,533
Total deposits$228,038
Interest-bearing deposits$265,533
Deposits held in domestic offices$80
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $720
All other liabilities $26,726
Total equity capital$26,726
Total bank equity capital$26,726
Perpetual preferred stock$0
Common stock$250
Undivided profits $21,418
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $242
Income earned, not collected on loans $4,521
Earning assets $0
Long-term assets (5+ years) $1,256
Average Assets, year-to-date $223,503
Average Assets, quarterly $22,841
Volatile liabilities $269,244
Insider loans $280,759
FHLB advances $214,111
Loans and leases held for sale $277,346
Unused loan commitments $1,400
Tier 1 (core) risk-based capital $1,400
Tier 2 risk-based capital $26,144
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $28,391
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $13,381
Total interest expense $2,825
Net interest income $10,556
Provision for loan and lease losses $1,950
Total noninterest income $890
Fiduciary activities $0
Service charges on deposit accounts $100
Trading account gains & fees $0
Additional noninterest income $790
Total noninterest expense $6,239
Salaries and employee benefits $2,813
Premises and equipment expense $766
Additional noninterest expense $2,660
Pre-tax net operating income $3,257
Securities gains (losses) -$93
Applicable income taxes $1,128
Income before extraordinary items $2,036
Extraordinary gains - net $0
Net income attributable to bank $2,036
Net charge-offs $0
Cash dividends $2,036
Sale, conversion, retirement of capital stock, net $3,739
Net operating income $168
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.65%
Cost of funding earning assets 1.19%
Net interest margin 4.46%
Noninterest income to earning assets 0.38%
Noninterest expense to earning assets 2.63%
Net operating income to assets 0.78%
Return on assets (ROA) 0.76%
Pretax return on assets 1.18%
Return on equity (ROE) 7.90%
Retained earnings to average equity (YTD only) 7.25%
Net charge-offs to loans 1.67%
Credit loss provision to net charge-offs 52.15%
Efficiency ratio1.39%
Assets per employee$54,508
Cash dividends to net income (YTD only)5.43%
Condition Ratios (%)
Loss allowance to loans 8.25%
Loss allowance to noncurrent loans 2.25%
Noncurrent assets plus other real estate owned to assets 105.07%
Noncurrent loans to loans 2.34%
Net loans and leases to deposits2.15%
Net loans and leases to core deposits 77.56%
Equity capital to assets 86.47%
Core capital (leverage) ratio 9.12%
Tier 1 risk-based capital ratio 9.43%
Total risk-based capital ratio 12.21%
Average assets$13
Average earning assets$269,244
Average equity $25,758
Average loans $236,864
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5 Wisconsin Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
09027Farmers And Merchants Union Bank159 West James Street, Columbus, WI 53925September 05, 1861Full Service Brick and Mortar
1231495Friesland Branch114 West Winnebago Street, Friesland, WI 53935October 16, 1939Full Service Brick and Mortar
2231496Industrial Drive Branch104 Industrial Drive, Columbus, WI 53925March 21, 1994Full Service Brick and Mortar
3366289Juneau Branch405 Jewel Street, Juneau, WI 53039Febuary 24, 2003Full Service Brick and Mortar
4466130Farmers & Merchants Union Bank Branc637 South Main Street, Fall River, WI 53932April 24, 2007Full Service Brick and Mortar
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