FDIC Certificate #: 1137 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Hiawatha National Bank (#13058) Federal Reserve ID: 220750 Date Established: January 01, 1896 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 2 (Interstate: No) FDIC's unique #: 776 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: Febuary 28, 1998 Last Structure Change Process Date: March 18, 1998 Last Data Update: March 21, 1998 Data Source Date: April 05, 2012
Location
Address: 204 East Oak Street, Glenwood City, WI 54013 County: St. Croix Quarterly Banking Profile Region: Chicago FDIC Geographic Region: Chicago FDIC Supervisory Region: Chicago FDIC Field Office: Eau Claire Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: Central Metropolitan Statistical Area (MSA): Minneapolis-St. Paul, MN-WI (#5120) Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378) Core Based Statistical Area (CBSA): Minneapolis-St. Paul-Bloomington, MN-WI (#33460) CBSA Metro Statistical Area: Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
Financial Summary
Total assets: $21.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
17Total employees (full-time equivalent)
$21,522Total assets
$816Cash and due from depository institutions
$0Interest-bearing balances
$3,703Securities
$789Federal funds sold & reverse repurchase agreements
$15,096Net loans & leases
$138Loan loss allowance
$0Trading account assets
$223Bank premises and fixed assets
$248Other real estate owned
$170Goodwill and other intangibles
$0Life insurance assets
$477All other assets
$21,522Total liabilities and capital
$19,628Total liabilities
$19,513Total deposits
$16,576Interest-bearing deposits
$19,513Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$115All other liabilities
$1,894Total equity capital
$1,894Total bank equity capital
$1,894Perpetual preferred stock
$0Common stock
$180Surplus
$180Undivided profits
Memoranda
$1,534Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$879Earning assets
$521Long-term assets (5+ years)
$291Average Assets, year-to-date
$19,588Average Assets, quarterly
$610Volatile liabilities
$20,817Insider loans
$21,340FHLB advances
$1,051Loans and leases held for sale
$145Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$49Total risk weighted assets
$1,559Total unused commitments
$0Restructured Loans and leases
$15,069Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$1,732Total interest income
$717Total interest expense
$1,015Net interest income
$0Provision for loan and lease losses
$288Total noninterest income
$0Fiduciary activities
$90Service charges on deposit accounts
$0Trading account gains & fees
$198Additional noninterest income
$1,116Total noninterest expense
$564Salaries and employee benefits
$232Premises and equipment expense
$320Additional noninterest expense
$187Pre-tax net operating income
$29Securities gains (losses)
$17Applicable income taxes
$199Income before extraordinary items
$0Extraordinary gains - net
$199Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$50Sale, conversion, retirement of capital stock, net
$446Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.09%Yield on earning assets
3.76%Cost of funding earning assets
5.33%Net interest margin
1.51%Noninterest income to earning assets
5.86%Noninterest expense to earning assets
0.83%Net operating income to assets
0.96%Return on assets (ROA)
1.04%Pretax return on assets
9.25%Return on equity (ROE)
-11.48%Retained earnings to average equity (YTD only)
0.33%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
3.74%Efficiency ratio
84,651Assets per employee
1.27%Cash dividends to net income (YTD only)
Condition Ratios (%)
224.12%Loss allowance to loans
0.91%Loss allowance to noncurrent loans
15.70%Noncurrent assets plus other real estate owned to assets
5.24%Noncurrent loans to loans
5.77%Net loans and leases to deposits
77.36%Net loans and leases to core deposits
81.77%Equity capital to assets
8.80%Core capital (leverage) ratio
7.91%Tier 1 risk-based capital ratio
11.33%Total risk-based capital ratio
Memoranda
$12Average assets
$20,817Average earning assets
$2,152Average equity
$19,048Average loans
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