Independent Bank in Verona, Wisconsin (WI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 04, 2006

  • Independent Bank in Verona, Wisconsin (WI)
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Independent Bank - Overview

  • General
  • FDIC Certificate #: 15134
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: State Bank of Cross Plains (#15091)
    Federal Reserve ID: 4147
    Date Established: Febuary 01, 1904
    WWW: http://www.inbank.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    OTS Docket #: 12785
    FDIC's unique #: 9506
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 02, 1934
    Last Structure Change Effective Date: December 04, 2006
    Last Structure Change Process Date: January 23, 2007
    Last Data Update: January 23, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 108 North Main Street, Verona, WI 53593
    County: Dane
    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
    Metropolitan Statistical Area (MSA): Madison, WI (#4720)
    Combined Statistical Area (CSA): Madison-Baraboo, WI (#358)
    Core Based Statistical Area (CBSA): Madison, WI (#31540)
    CBSA Metro Statistical Area: Madison, WI (#31540)
  • Financial Summary
  • Total assets: $115.1 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, 2005)

  • Dollar figures in thousands
  • 32Total employees (full-time equivalent)
  • $113,206Total assets
  • $3,071Cash and due from depository institutions
  • $1,096Interest-bearing balances
  • $22,945Securities
  • $3,072Federal funds sold & reverse repurchase agreements
  • $72,363Net loans & leases
  • $722Loan loss allowance
  • $0Trading account assets
  • $3,816Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $7,939All other assets
  • $113,206Total liabilities and capital
  • $100,210Total liabilities
  • $86,504Total deposits
  • $70,942Interest-bearing deposits
  • $86,504Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $12,500Other borrowed funds
  • $0Subordinated debt
  • $1,206All other liabilities
  • $12,996Total equity capital
  • $12,996Total bank equity capital
  • $12,996Perpetual preferred stock
  • $0Common stock
  • $1,950Surplus
  • $2,230Undivided profits
  • Memoranda
  • $8,816Noncurrent loans and leases
  • $12,298Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $949Earning assets
  • $0Long-term assets (5+ years)
  • $428Average Assets, year-to-date
  • $99,476Average Assets, quarterly
  • $8,971Volatile liabilities
  • $112,684Insider loans
  • $113,994FHLB advances
  • $8,784Loans and leases held for sale
  • $4,214Unused loan commitments
  • $12,500Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $12,298Total unused commitments
  • $0Restructured Loans and leases
  • $722Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $5,421Total interest income
  • $1,688Total interest expense
  • $3,733Net interest income
  • $300Provision for loan and lease losses
  • $807Total noninterest income
  • $1Fiduciary activities
  • $144Service charges on deposit accounts
  • $0Trading account gains & fees
  • $662Additional noninterest income
  • $3,391Total noninterest expense
  • $1,945Salaries and employee benefits
  • $474Premises and equipment expense
  • $972Additional noninterest expense
  • $849Pre-tax net operating income
  • $0Securities gains (losses)
  • $66Applicable income taxes
  • $783Income before extraordinary items
  • $0Extraordinary gains - net
  • $783Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$11Sale, conversion, retirement of capital stock, net
  • $331Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.48%Yield on earning assets
  • 1.71%Cost of funding earning assets
  • 3.77%Net interest margin
  • 0.82%Noninterest income to earning assets
  • 3.43%Noninterest expense to earning assets
  • 0.69%Net operating income to assets
  • 0.69%Return on assets (ROA)
  • 0.75%Pretax return on assets
  • 6.03%Return on equity (ROE)
  • 3.48%Retained earnings to average equity (YTD only)
  • -0.02%Net charge-offs to loans
  • -2727.27%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 74,692Assets per employee
  • 3.54%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 42.27%Loss allowance to loans
  • 0.99%Loss allowance to noncurrent loans
  • 76.08%Noncurrent assets plus other real estate owned to assets
  • 0.84%Noncurrent loans to loans
  • 1.30%Net loans and leases to deposits
  • 83.65%Net loans and leases to core deposits
  • 91.34%Equity capital to assets
  • 11.48%Core capital (leverage) ratio
  • 11.30%Tier 1 risk-based capital ratio
  • 16.67%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $112,684Average earning assets
  • $12,992Average equity
  • $98,935Average loans

Total Fiduciary and Related Assets (December 31, 2002)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $1,317Managed Assets
  • 1Number of Accounts
  • $1,317Personal trust and agency accounts
  • $1,317Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 3Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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