Legacy Bank in Milwaukee, Wisconsin (WI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 11, 2011

  • Legacy Bank in Milwaukee, Wisconsin (WI)
  • Show street view No street view available for this location

Legacy Bank - Overview

  • General
  • FDIC Certificate #: 34818
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: Seaway Bank and Trust Company (#19328)
    Federal Reserve ID: 2727990
    Date Established: July 29, 1999
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 61729
    Numeric code: 13
    Regulator: FED
    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: July 29, 1999
    Last Structure Change Effective Date: March 11, 2011
    Last Structure Change Process Date: March 14, 2011
    Last Data Update: March 14, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 2102 West Fond Du Lac, Milwaukee, WI 53206
    County: Milwaukee
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Milwaukee
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Milwaukee-Waukesha, WI (#5080)
    Consolidated Metropolitan Statistical Area (CMSA): Milwaukee-Racine, WI (#63)
    Combined Statistical Area (CSA): Milwaukee-Racine-Waukesha, WI (#376)
    Core Based Statistical Area (CBSA): Milwaukee-Waukesha-West Allis, WI (#33340)
    CBSA Metro Statistical Area: Milwaukee-Waukesha-West Allis, WI (#33340)
  • Financial Summary
  • Total assets: $190.4 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, 2010)

  • Dollar figures in thousands
  • 37Total employees (full-time equivalent)
  • $190,418Total assets
  • $15,272Cash and due from depository institutions
  • $13,245Interest-bearing balances
  • $19,533Securities
  • $4,164Federal funds sold & reverse repurchase agreements
  • $137,444Net loans & leases
  • $20,452Loan loss allowance
  • $0Trading account assets
  • $2,620Bank premises and fixed assets
  • $4,661Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $6,724All other assets
  • $190,418Total liabilities and capital
  • $187,991Total liabilities
  • $183,309Total deposits
  • $171,973Interest-bearing deposits
  • $183,309Deposits held in domestic offices
  • 95.62%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $4,000Other borrowed funds
  • $0Subordinated debt
  • $682All other liabilities
  • $2,427Total equity capital
  • $2,427Total bank equity capital
  • $2,427Perpetual preferred stock
  • $0Common stock
  • $1,000Surplus
  • $20,626Undivided profits
  • Memoranda
  • $-19,199Noncurrent loans and leases
  • $8,195Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $40,760Earning assets
  • $1,907Long-term assets (5+ years)
  • $758Average Assets, year-to-date
  • $174,386Average Assets, quarterly
  • $17,776Volatile liabilities
  • $214,628Insider loans
  • $197,907FHLB advances
  • $52,683Loans and leases held for sale
  • $1,011Unused loan commitments
  • $4,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $8,195Total unused commitments
  • $4,951Restructured Loans and leases
  • $1,297Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $10,902Total interest income
  • $4,156Total interest expense
  • $6,746Net interest income
  • $8,207Provision for loan and lease losses
  • $949Total noninterest income
  • $0Fiduciary activities
  • $340Service charges on deposit accounts
  • $0Trading account gains & fees
  • $609Additional noninterest income
  • $9,081Total noninterest expense
  • $2,930Salaries and employee benefits
  • $404Premises and equipment expense
  • $5,747Additional noninterest expense
  • -$9,593Pre-tax net operating income
  • $312Securities gains (losses)
  • $0Applicable income taxes
  • -$9,281Income before extraordinary items
  • $0Extraordinary gains - net
  • -$9,281Net income attributable to bank
  • $0Net charge-offs
  • -$9,281Cash dividends
  • $1,605Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.58%Yield on earning assets
  • 2.13%Cost of funding earning assets
  • 3.45%Net interest margin
  • 0.49%Noninterest income to earning assets
  • 4.65%Noninterest expense to earning assets
  • -4.47%Net operating income to assets
  • -4.32%Return on assets (ROA)
  • -4.32%Pretax return on assets
  • -126.55%Return on equity (ROE)
  • -126.55%Retained earnings to average equity (YTD only)
  • 0.97%Net charge-offs to loans
  • 511.34%Credit loss provision to net charge-offs
  • -0.86%Efficiency ratio
  • 118,012Assets per employee
  • 5.15%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 12.95%Loss allowance to noncurrent loans
  • 50.18%Noncurrent assets plus other real estate owned to assets
  • 23.85%Noncurrent loans to loans
  • 25.81%Net loans and leases to deposits
  • 74.98%Net loans and leases to core deposits
  • 105.22%Equity capital to assets
  • 1.27%Core capital (leverage) ratio
  • 0.65%Tier 1 risk-based capital ratio
  • 0.87%Total risk-based capital ratio
  • Memoranda
  • $2Average assets
  • $214,628Average earning assets
  • $7,334Average equity
  • $195,369Average loans

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