Fortress Bank in Westby, Wisconsin (WI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 12, 2007

  • Fortress Bank in Westby, Wisconsin (WI)
  • Show street view No street view available for this location

Fortress Bank - Overview

  • General
  • FDIC Certificate #: 9521
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Lincoln State Bank (#13028)
    Federal Reserve ID: 297042
    Date Established: October 04, 1905
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Interstate: No)
    OTS Docket #: 11050
    FDIC's unique #: 6118
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: November 12, 2007
    Last Structure Change Process Date: December 03, 2007
    Last Data Update: December 03, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 100 North Main Street, Westby, WI 54667
    County: Vernon
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Madison
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
  • Financial Summary
  • Total assets: $178.1 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, 2006)

  • Dollar figures in thousands
  • 67Total employees (full-time equivalent)
  • $171,359Total assets
  • $4,703Cash and due from depository institutions
  • $14Interest-bearing balances
  • $20,730Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $134,689Net loans & leases
  • $2,154Loan loss allowance
  • $0Trading account assets
  • $3,216Bank premises and fixed assets
  • $209Other real estate owned
  • $4,000Goodwill and other intangibles
  • $0Life insurance assets
  • $3,812All other assets
  • $171,359Total liabilities and capital
  • $154,576Total liabilities
  • $134,095Total deposits
  • $120,920Interest-bearing deposits
  • $134,095Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $4,968Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $14,500Other borrowed funds
  • $0Subordinated debt
  • $1,013All other liabilities
  • $16,783Total equity capital
  • $16,783Total bank equity capital
  • $16,783Perpetual preferred stock
  • $0Common stock
  • $300Surplus
  • $15,513Undivided profits
  • Memoranda
  • $970Noncurrent loans and leases
  • $22,711Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,799Earning assets
  • $0Long-term assets (5+ years)
  • $1,075Average Assets, year-to-date
  • $155,433Average Assets, quarterly
  • $16,080Volatile liabilities
  • $171,909Insider loans
  • $171,132FHLB advances
  • $30,713Loans and leases held for sale
  • $1,735Unused loan commitments
  • $14,500Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $22,711Total unused commitments
  • $2,495Restructured Loans and leases
  • $1,701Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $11,280Total interest income
  • $4,924Total interest expense
  • $6,356Net interest income
  • $360Provision for loan and lease losses
  • $1,004Total noninterest income
  • $0Fiduciary activities
  • $623Service charges on deposit accounts
  • $0Trading account gains & fees
  • $381Additional noninterest income
  • $4,848Total noninterest expense
  • $2,700Salaries and employee benefits
  • $601Premises and equipment expense
  • $1,547Additional noninterest expense
  • $2,152Pre-tax net operating income
  • $0Securities gains (losses)
  • $636Applicable income taxes
  • $1,516Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,516Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1,999Sale, conversion, retirement of capital stock, net
  • $750Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.24%Yield on earning assets
  • 3.16%Cost of funding earning assets
  • 4.08%Net interest margin
  • 0.64%Noninterest income to earning assets
  • 3.11%Noninterest expense to earning assets
  • 0.88%Net operating income to assets
  • 0.88%Return on assets (ROA)
  • 1.25%Pretax return on assets
  • 9.31%Return on equity (ROE)
  • 4.70%Retained earnings to average equity (YTD only)
  • 1.49%Net charge-offs to loans
  • 18.01%Credit loss provision to net charge-offs
  • 1.26%Efficiency ratio
  • 64,620Assets per employee
  • 2.56%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 49.47%Loss allowance to loans
  • 1.57%Loss allowance to noncurrent loans
  • 76.96%Noncurrent assets plus other real estate owned to assets
  • 1.76%Noncurrent loans to loans
  • 2.05%Net loans and leases to deposits
  • 100.44%Net loans and leases to core deposits
  • 124.31%Equity capital to assets
  • 9.79%Core capital (leverage) ratio
  • 7.72%Tier 1 risk-based capital ratio
  • 9.46%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $171,909Average earning assets
  • $16,281Average equity
  • $155,771Average loans

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