First Citizens State Bank in Whitewater, Wisconsin (WI)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • First Citizens State Bank in Whitewater, Wisconsin (WI)
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First Citizens State Bank - Overview

  • General
  • FDIC Certificate #: 11228
    Status: Active
    Federal Reserve ID: 831642
    Bank Holding Company (Regulatory Top Holder): Whitewater Bancorp., Inc. (RSSDID: 1203536, Location: Whitewater, WI)
    Date Established: October 25, 1863
    WWW: http://www.firstcitizenscom
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Domestic: 8, Interstate: No)
    OTS Docket #: 12845
    FDIC's unique #: 7164
    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 01, 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
  • Location
  • Address: 207 West Main Street, Whitewater, WI 53190
    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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $247.5 mil
    Equity capital: $37.1 mil
    Deposits held in domestic offices: $200.2 mil
    Return on assets (ROA): 1.26% ($3.1 mil)
    Quarterly return on assets: 1.70% ($4.2 mil)
    Return on Equity (ROE): 8.16% ($3.0 mil)
    Quarterly return on equity: 11.06% ($4.1 mil)
    Net income: $2.9 mil
    Quarterly Net income: $1.0 mil
    Pretax return on assets: 1.85% ($4,578.6 mil)
    Quarterly Pretax return on assets: 2.18% ($5,395.3 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
  • 69Total employees (full-time equivalent)
  • $247,492Total assets
  • $12,875Cash and due from depository institutions
  • $7,277Interest-bearing balances
  • $53,470Securities
  • $12,432Federal funds sold & reverse repurchase agreements
  • $150,752Net loans & leases
  • $1,983Loan loss allowance
  • $0Trading account assets
  • $3,484Bank premises and fixed assets
  • $0Other real estate owned
  • $12Goodwill and other intangibles
  • $247,492Life insurance assets
  • $14,467All other assets
  • $210,417Total liabilities and capital
  • $200,249Total liabilities
  • $171,095Total deposits
  • $200,249Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,996Trading liabilities
  • $0Other borrowed funds
  • $5,172Subordinated debt
  • $37,075All other liabilities
  • $37,075Total equity capital
  • $37,075Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $4,200Surplus
  • $32,675Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $15Income earned, not collected on loans
  • $0Earning assets
  • $785Long-term assets (5+ years)
  • $223,931Average Assets, year-to-date
  • $6,958Average Assets, quarterly
  • $231,955Volatile liabilities
  • $238,649Insider loans
  • $165,454FHLB advances
  • $235,362Loans and leases held for sale
  • $8,637Unused loan commitments
  • $8,637Tier 1 (core) risk-based capital
  • $37,053Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $19,521Restructured Loans and leases
  • $3,435Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,755Total interest income
  • $1,904Total interest expense
  • $8,851Net interest income
  • $762Provision for loan and lease losses
  • $2,433Total noninterest income
  • $64Fiduciary activities
  • $384Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,985Additional noninterest income
  • $6,240Total noninterest expense
  • $3,552Salaries and employee benefits
  • $716Premises and equipment expense
  • $1,972Additional noninterest expense
  • $4,282Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,360Applicable income taxes
  • $2,922Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,922Net income attributable to bank
  • $0Net charge-offs
  • $2,922Cash dividends
  • $778Sale, conversion, retirement of capital stock, net
  • $500Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.10%Yield on earning assets
  • 0.90%Cost of funding earning assets
  • 4.20%Net interest margin
  • 1.15%Noninterest income to earning assets
  • 2.96%Noninterest expense to earning assets
  • 1.26%Net operating income to assets
  • 1.26%Return on assets (ROA)
  • 1.85%Pretax return on assets
  • 8.16%Return on equity (ROE)
  • 6.77%Retained earnings to average equity (YTD only)
  • 0.50%Net charge-offs to loans
  • 97.94%Credit loss provision to net charge-offs
  • 6.48%Efficiency ratio
  • 55,229Assets per employee
  • 3.59%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 17.11%Loss allowance to loans
  • 1.30%Loss allowance to noncurrent loans
  • 13220.00%Noncurrent assets plus other real estate owned to assets
  • 0.01%Noncurrent loans to loans
  • 0.01%Net loans and leases to deposits
  • 75.28%Net loans and leases to core deposits
  • 82.50%Equity capital to assets
  • 14.98%Core capital (leverage) ratio
  • 15.74%Tier 1 risk-based capital ratio
  • 22.39%Total risk-based capital ratio
  • Memoranda
  • $24Average assets
  • $231,955Average earning assets
  • $35,791Average equity
  • $210,873Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $27,893Managed Assets
  • 1Number of Accounts
  • $25,242Personal trust and agency accounts
  • $22,650Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $736Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $178Other fiduciary accounts
  • $1,678Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 70Number of Accounts
  • $0Personal trust and agency accounts
  • $736Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $2,651Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $2,582Fiduciary accounts held in foreign offices

List of branches

  • 8 Wisconsin Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07164First Citizens State Bank207 West Main Street, Whitewater, WI 53190October 25, 1863Full Service Brick and Mortar
    1224162Whitewater Lake BranchCounty Trunk P & Kettle Moraine Dr., Whitewater, WI 53190June 13, 1977Full Service Brick and Mortar
    22700941058 W Main St Branch1058 W Main St, Whitewater, WI 53190January 01, 1927Full Service Brick and Mortar
    3334445Fairhaven Retirement Community Branc435 West Starin Road, Whitewater, WI 53190March 17, 2000Limited Service Mobile
    4334446Mulberry Glen Retirement Community B1281 West Main Street, Whitewater, WI 53190March 15, 2000Limited Service Mobile
    5359371East Troy Branch2546 East Main Street, East Troy, WI 53120January 29, 2001Full Service Brick and Mortar
    6430048East Troy Senior Housing Facility3223 North Street, East Troy, WI 53120July 20, 2004
    7464380Messenger Service At Whitewater207 West Main Street, Whitewater, WI 53190May 30, 2007Limited Service Messenger

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