FDIC Certificate #: 8694 Status: Active Federal Reserve ID: 915645 Bank Holding Company (Regulatory Top Holder): Philipps Investment Company Limited Partnership (RSSDID: 2343381, Location: Topeka, KS) Date Established: Febuary 15, 1902 WWW:http://www.gratiotstatebank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 5535 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Agricultural lending institution: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Agricultural Specialization Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: June 03, 2010 Last Data Update: June 03, 2010 Data Source Date: April 05, 2012
Location
Address: 5800 Phillips Street, Gratiot, WI 53541 County: Lafayette 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
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $41.8 mil Equity capital: $5.0 mil Deposits held in domestic offices: $36.1 mil Return on assets (ROA): 0.97% ($0.4 mil) Quarterly return on assets: 1.09% ($0.5 mil) Return on Equity (ROE): 8.48% ($0.4 mil) Quarterly return on equity: 8.89% ($0.4 mil) Net income: $0.4 mil Quarterly Net income: $0.1 mil Pretax return on assets: 1.02% ($426.0 mil) Quarterly Pretax return on assets: 1.02% ($426.0 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
5Total employees (full-time equivalent)
$41,761Total assets
$514Cash and due from depository institutions
$0Interest-bearing balances
$28,826Securities
$0Federal funds sold & reverse repurchase agreements
$10,956Net loans & leases
$114Loan loss allowance
$0Trading account assets
$931Bank premises and fixed assets
$77Other real estate owned
$0Goodwill and other intangibles
$41,761Life insurance assets
$457All other assets
$36,714Total liabilities and capital
$36,117Total liabilities
$33,815Total deposits
$36,117Interest-bearing deposits
$100Deposits held in domestic offices
145.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$452Subordinated debt
$5,047All other liabilities
$5,047Total equity capital
$5,047Total bank equity capital
$0Perpetual preferred stock
$120Common stock
$1,380Surplus
$3,547Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$128Income earned, not collected on loans
$0Earning assets
$296Long-term assets (5+ years)
$39,782Average Assets, year-to-date
$29,611Average Assets, quarterly
$41,237Volatile liabilities
$41,812Insider loans
$17,499FHLB advances
$41,768Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$4,485Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$1,175Restructured Loans and leases
$41Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,652Total interest income
$616Total interest expense
$1,036Net interest income
$10Provision for loan and lease losses
$64Total noninterest income
$0Fiduciary activities
$27Service charges on deposit accounts
$0Trading account gains & fees
$37Additional noninterest income
$673Total noninterest expense
$252Salaries and employee benefits
$158Premises and equipment expense
$263Additional noninterest expense
$417Pre-tax net operating income
$3Securities gains (losses)
$18Applicable income taxes
$402Income before extraordinary items
$0Extraordinary gains - net
$402Net income attributable to bank
$0Net charge-offs
$402Cash dividends
$23Sale, conversion, retirement of capital stock, net
$375Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.23%Yield on earning assets
1.58%Cost of funding earning assets
2.65%Net interest margin
0.16%Noninterest income to earning assets
1.72%Noninterest expense to earning assets
0.97%Net operating income to assets
0.97%Return on assets (ROA)
1.02%Pretax return on assets
8.48%Return on equity (ROE)
0.57%Retained earnings to average equity (YTD only)
0.19%Net charge-offs to loans
43.48%Credit loss provision to net charge-offs
18.57%Efficiency ratio
61,182Assets per employee
8.35%Cash dividends to net income (YTD only)
Condition Ratios (%)
93.28%Loss allowance to loans
1.03%Loss allowance to noncurrent loans
89.06%Noncurrent assets plus other real estate owned to assets
0.49%Noncurrent loans to loans
1.16%Net loans and leases to deposits
30.33%Net loans and leases to core deposits
30.33%Equity capital to assets
12.09%Core capital (leverage) ratio
10.74%Tier 1 risk-based capital ratio
25.63%Total risk-based capital ratio
Memoranda
$26Average assets
$41,237Average earning assets
$4,743Average equity
$39,041Average loans
List of branches
1 Wisconsin Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
5535
Gratiot State Bank
5800 Phillips Street, Gratiot, WI 53541
Febuary 15, 1902
Full Service Brick and Mortar
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