Genoa State Bank in Genoa, Wisconsin (WI)



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Genoa State Bank
GeneralFDIC Certificate #: 15147
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Bank of Ontario (#21085)
Federal Reserve ID: 728845
Date Established: January 01, 1909
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 9517
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: May 21, 1994
Last Structure Change Process Date: June 07, 1994
Last Data Update: June 07, 1994
Data Source Date: April 05, 2012
LocationAddress: Main Street, Genoa, WI 54632
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 SummaryTotal assets: $5.9 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)
Total employees (full-time equivalent)0
Total assets$6
Cash and due from depository institutions$6,174
Interest-bearing balances$670
Securities$495
Federal funds sold & reverse repurchase agreements$508
Net loans & leases$425
Loan loss allowance $4,304
Trading account assets$67
Bank premises and fixed assets$0
Other real estate owned$66
Goodwill and other intangibles$0
All other assets$0
Life insurance assets$201
Total liabilities and capital$0
Total liabilities$6,174
Total deposits$5,650
Interest-bearing deposits$5,495
Deposits held in domestic offices$4,862
% insured (estimated)5495.00%
Federal funds purchased & repurchase agreements $95
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $0
Total equity capital$155
Total bank equity capital$155
Perpetual preferred stock$524
Common stock$0
Surplus$30
Undivided profits $270
Memoranda
Noncurrent loans and leases $224
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $154
Earning assets $63
Long-term assets (5+ years) $5,732
Average Assets, year-to-date $233
Average Assets, quarterly $5,891
Volatile liabilities $6,112
Insider loans $600
FHLB advances $56
Loans and leases held for sale $0
Unused loan commitments $0
Tier 1 (core) risk-based capital $50
Tier 2 risk-based capital $0
Total risk weighted assets $524
Total unused commitments $4,245
Restructured Loans and leases $0
Derivatives$0
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Income and Expense (December 31, 1993)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $493
Net interest income $182
Provision for loan and lease losses $311
Total noninterest income $18
Fiduciary activities $57
Service charges on deposit accounts $0
Trading account gains & fees $32
Additional noninterest income $0
Total noninterest expense $25
Salaries and employee benefits $232
Premises and equipment expense $115
Additional noninterest expense $38
Pre-tax net operating income $79
Securities gains (losses) $118
Applicable income taxes -$3
Income before extraordinary items $35
Extraordinary gains - net $80
Net income attributable to bank $0
Net charge-offs $80
Cash dividends $11
Sale, conversion, retirement of capital stock, net $75
Net operating income $0
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Performance and Condition Ratios (December 31, 1993)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 8.98%
Net interest margin 3.32%
Noninterest income to earning assets 5.67%
Noninterest expense to earning assets 1.04%
Net operating income to assets 4.23%
Return on assets (ROA) 1.39%
Pretax return on assets 1.36%
Return on equity (ROE) 1.95%
Retained earnings to average equity (YTD only) 14.64%
Net charge-offs to loans 0.92%
Credit loss provision to net charge-offs 0.27%
Efficiency ratio163.64%
Assets per employee$63,043
Cash dividends to net income (YTD only)1.03%
Condition Ratios (%)
Loss allowance to loans 93.75%
Loss allowance to noncurrent loans 1.53%
Noncurrent assets plus other real estate owned to assets 43.51%
Noncurrent loans to loans 2.49%
Net loans and leases to deposits3.52%
Net loans and leases to core deposits 78.33%
Equity capital to assets 87.93%
Core capital (leverage) ratio 8.49%
Tier 1 risk-based capital ratio 8.52%
Total risk-based capital ratio 12.34%
Memoranda
Average assets$14
Average earning assets$5,891
Average equity $546
Average loans $5,490
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