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

La Farge State Bank - Overview

  • General
  • FDIC Certificate #: 15127
    Status: Active
    Federal Reserve ID: 723747
    Bank Holding Company (Regulatory Top Holder): Dairyland Bank Holding Corporation (RSSDID: 2029368, Location: La Crosse, WI)
    Date Established: March 29, 1921
    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 #: 9499
    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: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 119 Main St, La Farge, WI 54639
    County: Vernon
    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
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $49.6 mil
    Equity capital: $16.2 mil
    Deposits held in domestic offices: $33.2 mil
    Return on assets (ROA): 2.64% ($1.3 mil)
    Quarterly return on assets: 2.65% ($1.3 mil)
    Return on Equity (ROE): 8.30% ($1.3 mil)
    Quarterly return on equity: 8.17% ($1.3 mil)
    Net income: $1.3 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 3.49% ($1,731.9 mil)
    Quarterly Pretax return on assets: 2.52% ($1,250.6 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
  • 9Total employees (full-time equivalent)
  • $49,626Total assets
  • $798Cash and due from depository institutions
  • $0Interest-bearing balances
  • $22,377Securities
  • $408Federal funds sold & reverse repurchase agreements
  • $25,160Net loans & leases
  • $376Loan loss allowance
  • $0Trading account assets
  • $20Bank premises and fixed assets
  • $313Other real estate owned
  • $0Goodwill and other intangibles
  • $49,626Life insurance assets
  • $550All other assets
  • $33,457Total liabilities and capital
  • $33,224Total liabilities
  • $28,274Total deposits
  • $33,224Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $233Subordinated debt
  • $16,169All other liabilities
  • $16,169Total equity capital
  • $16,169Total bank equity capital
  • $0Perpetual preferred stock
  • $70Common stock
  • $2,430Surplus
  • $13,669Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,542Income earned, not collected on loans
  • $0Earning assets
  • $385Long-term assets (5+ years)
  • $47,945Average Assets, year-to-date
  • $4,087Average Assets, quarterly
  • $48,963Volatile liabilities
  • $49,272Insider loans
  • $33,710FHLB advances
  • $48,592Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $16,169Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $0Restructured Loans and leases
  • $1,176Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,320Total interest income
  • $282Total interest expense
  • $2,038Net interest income
  • $120Provision for loan and lease losses
  • $467Total noninterest income
  • $0Fiduciary activities
  • $90Service charges on deposit accounts
  • $0Trading account gains & fees
  • $377Additional noninterest income
  • $675Total noninterest expense
  • $407Salaries and employee benefits
  • $31Premises and equipment expense
  • $237Additional noninterest expense
  • $1,710Pre-tax net operating income
  • $0Securities gains (losses)
  • $417Applicable income taxes
  • $1,293Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,293Net income attributable to bank
  • $0Net charge-offs
  • $1,293Cash dividends
  • $83Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.92%Yield on earning assets
  • 0.60%Cost of funding earning assets
  • 4.32%Net interest margin
  • 0.99%Noninterest income to earning assets
  • 1.43%Noninterest expense to earning assets
  • 2.64%Net operating income to assets
  • 2.64%Return on assets (ROA)
  • 3.49%Pretax return on assets
  • 8.30%Return on equity (ROE)
  • 8.30%Retained earnings to average equity (YTD only)
  • 0.32%Net charge-offs to loans
  • 144.58%Credit loss provision to net charge-offs
  • 22.05%Efficiency ratio
  • 26,946Assets per employee
  • 5.51%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.47%Loss allowance to noncurrent loans
  • 24.38%Noncurrent assets plus other real estate owned to assets
  • 3.74%Noncurrent loans to loans
  • 6.04%Net loans and leases to deposits
  • 75.73%Net loans and leases to core deposits
  • 77.32%Equity capital to assets
  • 32.58%Core capital (leverage) ratio
  • 33.28%Tier 1 risk-based capital ratio
  • 47.96%Total risk-based capital ratio
  • Memoranda
  • $49Average assets
  • $48,963Average earning assets
  • $15,577Average equity
  • $47,194Average loans

List of branches

  • 2 Wisconsin Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09499La Farge State Bank119 Main St, La Farge, WI 54639March 29, 1921Full Service Brick and Mortar
    1233273Readstown BranchWisconsin Avenue, Readstown, WI 54652October 09, 1979Full Service Brick and Mortar

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