Gratiot State Bank in Gratiot, Wisconsin (WI)
Overview, Financial Summary, Detailed Financial Reports, Branches


Gratiot State Bank - Overview

  • General
  • 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
  • NoIDNameAddressEstablishedService TypeMap
    05535Gratiot State Bank5800 Phillips Street, Gratiot, WI 53541Febuary 15, 1902Full Service Brick and Mortar

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