Fortress Bank in city_name, state_name - Detailed Financial Reports, Location

Fortress Bank in Westby, Wisconsin (WI)
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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

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

Fortress Bank - Overview

Assets and Liabilities (December 31, 2006)

Income and Expense (December 31, 2006)

Performance and Condition Ratios (December 31, 2006)

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

Fortress Bank - Overview

Assets and Liabilities (December 31, 2006)

Income and Expense (December 31, 2006)

Performance and Condition Ratios (December 31, 2006)

Comment about this bank, ask questions, or add new information about it:

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