First State Bank in New London, Wisconsin (WI)
Overview, Financial Summary, Detailed Financial Reports, Branches

First State Bank - Overview

  • General
  • FDIC Certificate #: 15271
    Status: Active
    Federal Reserve ID: 801047
    Bank Holding Company (Regulatory Top Holder): First State Bancshares, Inc. (RSSDID: 1975459, Location: New London, WI)
    Date Established: January 01, 1911
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Domestic: 7, Interstate: No)
    OTS Docket #: 12547
    FDIC's unique #: 9616
    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: 113 North Water Street, New London, WI 54961
    County: Waupaca
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Appleton
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $284.1 mil
    Equity capital: $34.6 mil
    Deposits held in domestic offices: $237.9 mil
    Return on assets (ROA): 0.21% ($0.6 mil)
    Quarterly return on assets: -0.38% (-$1.1 mil)
    Return on Equity (ROE): 1.78% ($0.6 mil)
    Quarterly return on equity: -3.07% (-$1.1 mil)
    Net income: $0.6 mil
    Quarterly Net income: -$0.3 mil
    Pretax return on assets: 0.07% ($198.8 mil)
    Quarterly Pretax return on assets: -0.89% (-$2,528.2 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
  • 66Total employees (full-time equivalent)
  • $284,062Total assets
  • $44,744Cash and due from depository institutions
  • $511Interest-bearing balances
  • $69,276Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $146,268Net loans & leases
  • $3,364Loan loss allowance
  • $0Trading account assets
  • $2,819Bank premises and fixed assets
  • $8,601Other real estate owned
  • $578Goodwill and other intangibles
  • $284,062Life insurance assets
  • $11,776All other assets
  • $249,424Total liabilities and capital
  • $237,948Total liabilities
  • $191,292Total deposits
  • $237,948Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $9,594Trading liabilities
  • $0Other borrowed funds
  • $1,882Subordinated debt
  • $34,638All other liabilities
  • $34,638Total equity capital
  • $34,638Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $8,130Surplus
  • $26,308Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,135Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $9,087Income earned, not collected on loans
  • $0Earning assets
  • $1,118Long-term assets (5+ years)
  • $216,055Average Assets, year-to-date
  • $34,356Average Assets, quarterly
  • $286,870Volatile liabilities
  • $280,448Insider loans
  • $181,593FHLB advances
  • $277,022Loans and leases held for sale
  • $7,906Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $32,748Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $7,906Total unused commitments
  • $23,953Restructured Loans and leases
  • $2,907Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,083Total interest income
  • $2,793Total interest expense
  • $9,290Net interest income
  • $1,625Provision for loan and lease losses
  • $1,743Total noninterest income
  • $0Fiduciary activities
  • $448Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,295Additional noninterest income
  • $9,250Total noninterest expense
  • $3,822Salaries and employee benefits
  • $927Premises and equipment expense
  • $4,501Additional noninterest expense
  • $158Pre-tax net operating income
  • $35Securities gains (losses)
  • -$419Applicable income taxes
  • $612Income before extraordinary items
  • $0Extraordinary gains - net
  • $612Net income attributable to bank
  • $0Net charge-offs
  • $612Cash dividends
  • $1,522Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.26%Yield on earning assets
  • 1.22%Cost of funding earning assets
  • 4.04%Net interest margin
  • 0.76%Noninterest income to earning assets
  • 4.03%Noninterest expense to earning assets
  • 0.20%Net operating income to assets
  • 0.21%Return on assets (ROA)
  • 0.07%Pretax return on assets
  • 1.78%Return on equity (ROE)
  • 1.78%Retained earnings to average equity (YTD only)
  • 0.95%Net charge-offs to loans
  • 106.77%Credit loss provision to net charge-offs
  • 1.17%Efficiency ratio
  • 81,410Assets per employee
  • 4.30%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.25%Loss allowance to noncurrent loans
  • 37.02%Noncurrent assets plus other real estate owned to assets
  • 6.23%Noncurrent loans to loans
  • 6.07%Net loans and leases to deposits
  • 61.47%Net loans and leases to core deposits
  • 66.59%Equity capital to assets
  • 12.19%Core capital (leverage) ratio
  • 11.82%Tier 1 risk-based capital ratio
  • 18.03%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $286,870Average earning assets
  • $34,302Average equity
  • $229,711Average loans

List of branches

  • 7 Wisconsin Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09616First State Bank113 North Water Street, New London, WI 54961January 01, 1911Full Service Brick and Mortar
    1233560Drive-In FacilitySt Johns Place, New London, WI 54961Febuary 19, 1980Full Service Brick and Mortar
    29175Clintonville Branch60 South Main Street, Clintonville, WI 54929August 11, 1934Full Service Brick and Mortar
    3233561Dale BranchW9696 Highway 10, Dale, WI 54931December 01, 1994Full Service Brick and Mortar
    4233562Manawa Branch227 South Bridge Street, Manawa, WI 54949May 20, 1996Full Service Brick and Mortar
    7357314Cecil Branch111 E. Freeborn St., Cecil, WI 54111April 20, 1998Full Service Brick and Mortar
    8442335First State Bank-Waupaca Branch101 County Rd Qq, Waupaca, WI 54981Febuary 21, 2005Full Service Brick and Mortar

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