Headwaters State Bank in Land O Lakes, Wisconsin (WI)
Overview, Financial Summary, Detailed Financial Reports, Branches


Headwaters State Bank - Overview

  • General
  • FDIC Certificate #: 9035
    Status: Active
    Federal Reserve ID: 224954
    Bank Holding Company (Regulatory Top Holder): Headwaters Bancorp, Inc. (RSSDID: 1127351, Location: Land O'lakes, WI)
    Date Established: September 01, 1921
    WWW: http://www.headwatersstatebank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 5775
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: December 05, 2008
    Last Structure Change Process Date: January 16, 2009
    Last Data Update: January 16, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 4175 County Highway B, Land O Lakes, WI 54540
    County: Vilas
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Appleton
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $66.7 mil
    Equity capital: $8.4 mil
    Deposits held in domestic offices: $58.0 mil
    Return on assets (ROA): 1.94% ($1.3 mil)
    Quarterly return on assets: 2.12% ($1.4 mil)
    Return on Equity (ROE): 15.01% ($1.2 mil)
    Quarterly return on equity: 16.42% ($1.3 mil)
    Net income: $1.2 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.94% ($1,294.3 mil)
    Quarterly Pretax return on assets: 2.12% ($1,414.4 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
  • 15Total employees (full-time equivalent)
  • $66,716Total assets
  • $4,864Cash and due from depository institutions
  • $0Interest-bearing balances
  • $15,588Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $44,236Net loans & leases
  • $505Loan loss allowance
  • $0Trading account assets
  • $772Bank premises and fixed assets
  • $692Other real estate owned
  • $0Goodwill and other intangibles
  • $66,716Life insurance assets
  • $564All other assets
  • $58,266Total liabilities and capital
  • $58,027Total liabilities
  • $51,953Total deposits
  • $58,027Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $239Subordinated debt
  • $8,450All other liabilities
  • $8,450Total equity capital
  • $8,450Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $4,000Surplus
  • $4,350Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $663Income earned, not collected on loans
  • $0Earning assets
  • $367Long-term assets (5+ years)
  • $59,824Average Assets, year-to-date
  • $17,365Average Assets, quarterly
  • $63,870Volatile liabilities
  • $65,115Insider loans
  • $39,633FHLB advances
  • $63,501Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $8,450Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $0Restructured Loans and leases
  • $4Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,596Total interest income
  • $528Total interest expense
  • $3,068Net interest income
  • $120Provision for loan and lease losses
  • $220Total noninterest income
  • $0Fiduciary activities
  • $154Service charges on deposit accounts
  • $0Trading account gains & fees
  • $66Additional noninterest income
  • $1,930Total noninterest expense
  • $1,155Salaries and employee benefits
  • $264Premises and equipment expense
  • $511Additional noninterest expense
  • $1,238Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $1,238Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,238Net income attributable to bank
  • $0Net charge-offs
  • $1,238Cash dividends
  • $116Sale, conversion, retirement of capital stock, net
  • $850Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.04%Yield on earning assets
  • 0.89%Cost of funding earning assets
  • 5.16%Net interest margin
  • 0.37%Noninterest income to earning assets
  • 3.24%Noninterest expense to earning assets
  • 1.94%Net operating income to assets
  • 1.94%Return on assets (ROA)
  • 1.94%Pretax return on assets
  • 15.01%Return on equity (ROE)
  • 4.70%Retained earnings to average equity (YTD only)
  • 0.26%Net charge-offs to loans
  • 103.45%Credit loss provision to net charge-offs
  • 11.71%Efficiency ratio
  • 58,698Assets per employee
  • 4.45%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 68.66%Loss allowance to loans
  • 1.13%Loss allowance to noncurrent loans
  • 76.17%Noncurrent assets plus other real estate owned to assets
  • 2.03%Noncurrent loans to loans
  • 1.48%Net loans and leases to deposits
  • 76.23%Net loans and leases to core deposits
  • 85.90%Equity capital to assets
  • 12.67%Core capital (leverage) ratio
  • 13.31%Tier 1 risk-based capital ratio
  • 21.32%Total risk-based capital ratio
  • Memoranda
  • $23Average assets
  • $63,870Average earning assets
  • $8,250Average equity
  • $59,509Average loans

List of branches

  • 2 Wisconsin Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05775Headwaters State Bank4175 County Highway B, Land O Lakes, WI 54540September 01, 1921Full Service Brick and Mortar
    2446856Presque Isle Branch8319 Main, Presque Isle, WI 54557January 11, 2006Full Service Brick and Mortar

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