Firstar Bank Racine in Racine, Wisconsin (WI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 15, 1994

  • Firstar Bank Racine in Racine, Wisconsin (WI)
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Firstar Bank Racine - Overview

  • General
  • FDIC Certificate #: 9535
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Firstar Bank Milwaukee, National Association (#5308)
    Federal Reserve ID: 944243
    Date Established: January 01, 1923
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 6131
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: July 15, 1994
    Last Structure Change Process Date: August 29, 1994
    Last Data Update: June 09, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 4701 Washington Avenue, Racine, WI 53405
    County: Racine
    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
    Metropolitan Statistical Area (MSA): Racine, WI (#6600)
    Consolidated Metropolitan Statistical Area (CMSA): Milwaukee-Racine, WI (#63)
    Combined Statistical Area (CSA): Milwaukee-Racine-Waukesha, WI (#376)
    Core Based Statistical Area (CBSA): Racine, WI (#39540)
    CBSA Metro Statistical Area: Racine, WI (#39540)
  • History of Changes
  • Merger - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $124.0 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $69Total assets
  • $121,253Cash and due from depository institutions
  • $5,891Interest-bearing balances
  • $0Securities
  • $51,120Federal funds sold & reverse repurchase agreements
  • $5,570Net loans & leases
  • $54,368Loan loss allowance
  • $1,465Trading account assets
  • $0Bank premises and fixed assets
  • $3,007Other real estate owned
  • $0Goodwill and other intangibles
  • $1,297Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $121,253Total liabilities
  • $111,655Total deposits
  • $109,819Interest-bearing deposits
  • $88,945Deposits held in domestic offices
  • 109819.00%% insured (estimated)
  • $89Federal funds purchased & repurchase agreements
  • $1,023Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $813Total equity capital
  • $813Total bank equity capital
  • $9,598Perpetual preferred stock
  • $0Common stock
  • $365Surplus
  • $7,280Undivided profits
  • Memoranda
  • $1,953Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,102Income earned, not collected on loans
  • $313Earning assets
  • $111,058Long-term assets (5+ years)
  • $11,428Average Assets, year-to-date
  • $125,117Average Assets, quarterly
  • $123,786Volatile liabilities
  • $8,170Insider loans
  • $1,926FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $13,212Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $9,598Total risk weighted assets
  • $66,863Total unused commitments
  • $0Restructured Loans and leases
  • $1,780Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $8,473Total interest expense
  • $3,287Net interest income
  • $5,186Provision for loan and lease losses
  • $6Total noninterest income
  • $982Fiduciary activities
  • $0Service charges on deposit accounts
  • $546Trading account gains & fees
  • $0Additional noninterest income
  • $436Total noninterest expense
  • $3,698Salaries and employee benefits
  • $1,733Premises and equipment expense
  • $541Additional noninterest expense
  • $1,424Pre-tax net operating income
  • $2,464Securities gains (losses)
  • $0Applicable income taxes
  • $562Income before extraordinary items
  • $1,902Extraordinary gains - net
  • $52Net income attributable to bank
  • $1,954Net charge-offs
  • $49Cash dividends
  • $1,377Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.46%Cost of funding earning assets
  • 2.89%Net interest margin
  • 4.57%Noninterest income to earning assets
  • 0.86%Noninterest expense to earning assets
  • 3.26%Net operating income to assets
  • 1.52%Return on assets (ROA)
  • 1.56%Pretax return on assets
  • 2.01%Return on equity (ROE)
  • 20.50%Retained earnings to average equity (YTD only)
  • 6.05%Net charge-offs to loans
  • 0.08%Credit loss provision to net charge-offs
  • 12.24%Efficiency ratio
  • 59,955Assets per employee
  • 1.76%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 70.47%Loss allowance to loans
  • 2.62%Loss allowance to noncurrent loans
  • 132.94%Noncurrent assets plus other real estate owned to assets
  • 0.91%Noncurrent loans to loans
  • 1.97%Net loans and leases to deposits
  • 49.51%Net loans and leases to core deposits
  • 52.95%Equity capital to assets
  • 7.92%Core capital (leverage) ratio
  • 7.60%Tier 1 risk-based capital ratio
  • 14.35%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $125,117Average earning assets
  • $9,533Average equity
  • $113,543Average loans

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