First State Bank in New London, Wisconsin (WI)

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First State Bank
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)66
Total assets$284,062
Cash and due from depository institutions$44,744
Interest-bearing balances$511
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$146,268
Loan loss allowance $3,364
Trading account assets$0
Bank premises and fixed assets$2,819
Other real estate owned$8,601
Goodwill and other intangibles$578
All other assets$11,776
Life insurance assets$284,062
Total liabilities and capital$249,424
Total liabilities$237,948
Total deposits$191,292
Interest-bearing deposits$237,948
Deposits held in domestic offices$88
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$9,594
Other borrowed funds $0
Subordinated debt $1,882
All other liabilities $34,638
Total equity capital$34,638
Total bank equity capital$34,638
Perpetual preferred stock$0
Common stock$200
Undivided profits $26,308
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $1,135
Income earned, not collected on loans $9,087
Earning assets $0
Long-term assets (5+ years) $1,118
Average Assets, year-to-date $216,055
Average Assets, quarterly $34,356
Volatile liabilities $286,870
Insider loans $280,448
FHLB advances $181,593
Loans and leases held for sale $277,022
Unused loan commitments $7,906
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $32,748
Total risk weighted assets $0
Total unused commitments $7,906
Restructured Loans and leases $23,953
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $12,083
Total interest expense $2,793
Net interest income $9,290
Provision for loan and lease losses $1,625
Total noninterest income $1,743
Fiduciary activities $0
Service charges on deposit accounts $448
Trading account gains & fees $0
Additional noninterest income $1,295
Total noninterest expense $9,250
Salaries and employee benefits $3,822
Premises and equipment expense $927
Additional noninterest expense $4,501
Pre-tax net operating income $158
Securities gains (losses) $35
Applicable income taxes -$419
Income before extraordinary items $612
Extraordinary gains - net $0
Net income attributable to bank $612
Net charge-offs $0
Cash dividends $612
Sale, conversion, retirement of capital stock, net $1,522
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.26%
Cost of funding earning assets 1.22%
Net interest margin 4.04%
Noninterest income to earning assets 0.76%
Noninterest expense to earning assets 4.03%
Net operating income to assets 0.20%
Return on assets (ROA) 0.21%
Pretax return on assets 0.07%
Return on equity (ROE) 1.78%
Retained earnings to average equity (YTD only) 1.78%
Net charge-offs to loans 0.95%
Credit loss provision to net charge-offs 106.77%
Efficiency ratio1.17%
Assets per employee$81,410
Cash dividends to net income (YTD only)4.30%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.25%
Noncurrent assets plus other real estate owned to assets 37.02%
Noncurrent loans to loans 6.23%
Net loans and leases to deposits6.07%
Net loans and leases to core deposits 61.47%
Equity capital to assets 66.59%
Core capital (leverage) ratio 12.19%
Tier 1 risk-based capital ratio 11.82%
Total risk-based capital ratio 18.03%
Average assets$19
Average earning assets$286,870
Average equity $34,302
Average loans $229,711
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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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