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

  • Independence State Bank in Independence, Wisconsin (WI)
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Independence State Bank - Overview

  • General
  • FDIC Certificate #: 10741
    Status: Active
    Federal Reserve ID: 396057
    Bank Holding Company (Regulatory Top Holder): Northern Financial Corporation (RSSDID: 1121724, Location: Independence, WI)
    Date Established: January 01, 1897
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 6892
    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: October 30, 2006
    Last Structure Change Process Date: November 01, 2006
    Last Data Update: November 01, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 23942 Senty Drive, Independence, WI 54747
    County: Trempealeau
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Eau Claire
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
  • History of Changes
  • Corrections
    Change in Location
  • Financial Summary
  • Total assets: $65.6 mil
    Equity capital: $5.2 mil
    Deposits held in domestic offices: $59.1 mil
    Return on assets (ROA): 0.68% ($0.4 mil)
    Quarterly return on assets: 1.08% ($0.7 mil)
    Return on Equity (ROE): 8.19% ($0.4 mil)
    Quarterly return on equity: 13.48% ($0.7 mil)
    Net income: $0.4 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.68% ($445.8 mil)
    Quarterly Pretax return on assets: 1.08% ($708.0 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
  • 23Total employees (full-time equivalent)
  • $65,558Total assets
  • $10,707Cash and due from depository institutions
  • $1,259Interest-bearing balances
  • $14,574Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $36,365Net loans & leases
  • $589Loan loss allowance
  • $0Trading account assets
  • $2,149Bank premises and fixed assets
  • $441Other real estate owned
  • $116Goodwill and other intangibles
  • $65,558Life insurance assets
  • $1,206All other assets
  • $60,351Total liabilities and capital
  • $59,085Total liabilities
  • $52,221Total deposits
  • $59,085Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 974.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $196Trading liabilities
  • $0Other borrowed funds
  • $96Subordinated debt
  • $5,207All other liabilities
  • $5,207Total equity capital
  • $5,207Total bank equity capital
  • $0Perpetual preferred stock
  • $98Common stock
  • $5,187Surplus
  • $-78Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $50Income earned, not collected on loans
  • $0Earning assets
  • $326Long-term assets (5+ years)
  • $52,198Average Assets, year-to-date
  • $11,762Average Assets, quarterly
  • $61,474Volatile liabilities
  • $64,266Insider loans
  • $43,829FHLB advances
  • $65,098Loans and leases held for sale
  • $399Unused loan commitments
  • $399Tier 1 (core) risk-based capital
  • $5,214Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,688Restructured Loans and leases
  • $518Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,800Total interest income
  • $559Total interest expense
  • $2,241Net interest income
  • $53Provision for loan and lease losses
  • $319Total noninterest income
  • $0Fiduciary activities
  • $106Service charges on deposit accounts
  • $0Trading account gains & fees
  • $213Additional noninterest income
  • $2,387Total noninterest expense
  • $1,208Salaries and employee benefits
  • $366Premises and equipment expense
  • $813Additional noninterest expense
  • $120Pre-tax net operating income
  • $296Securities gains (losses)
  • $0Applicable income taxes
  • $416Income before extraordinary items
  • $0Extraordinary gains - net
  • $416Net income attributable to bank
  • $0Net charge-offs
  • $416Cash dividends
  • $161Sale, conversion, retirement of capital stock, net
  • $30Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.17%Yield on earning assets
  • 1.03%Cost of funding earning assets
  • 4.14%Net interest margin
  • 0.59%Noninterest income to earning assets
  • 4.41%Noninterest expense to earning assets
  • 0.20%Net operating income to assets
  • 0.68%Return on assets (ROA)
  • 0.68%Pretax return on assets
  • 8.19%Return on equity (ROE)
  • 7.60%Retained earnings to average equity (YTD only)
  • 0.44%Net charge-offs to loans
  • 32.92%Credit loss provision to net charge-offs
  • 1.07%Efficiency ratio
  • 93,242Assets per employee
  • 2.85%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 7.21%Loss allowance to loans
  • 1.59%Loss allowance to noncurrent loans
  • 1178.00%Noncurrent assets plus other real estate owned to assets
  • 0.75%Noncurrent loans to loans
  • 0.14%Net loans and leases to deposits
  • 61.55%Net loans and leases to core deposits
  • 65.01%Equity capital to assets
  • 7.94%Core capital (leverage) ratio
  • 8.01%Tier 1 risk-based capital ratio
  • 11.90%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $61,474Average earning assets
  • $5,077Average equity
  • $54,157Average loans

List of branches

  • 3 Wisconsin Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06892Independence State Bank23942 Senty Drive, Independence, WI 54747January 01, 1897Full Service Brick and Mortar
    1222964Elk Mound BranchE401 Menomonie Street, Elk Mound, WI 54739January 13, 1999Full Service Brick and Mortar
    2457010Chippewa Falls Branch2495 Commercial Boulevard, Chippewa Falls, WI 54729November 16, 2006Full Service Brick and Mortar

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