M&I Bank of Beloit in Beloit, Wisconsin (WI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 01, 1997

  • M&I Bank of Beloit in Beloit, Wisconsin (WI)
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M&I Bank of Beloit - Overview

  • General
  • FDIC Certificate #: 19552
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: M&I Bank South (#6190)
    Federal Reserve ID: 513247
    Date Established: January 18, 1966
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 3 (Interstate: No)
    FDIC's unique #: 13352
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 18, 1966
    Last Structure Change Effective Date: July 01, 1997
    Last Structure Change Process Date: July 28, 1997
    Last Data Update: July 28, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 500 East Grand Avenue, Beloit, WI 53511
    County: Rock
    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): Janesville-Beloit, WI (#3620)
    Core Based Statistical Area (CBSA): Janesville, WI (#27500)
    CBSA Metro Statistical Area: Janesville, WI (#27500)
  • Financial Summary
  • Total assets: $148.6 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $48Total assets
  • $141,512Cash and due from depository institutions
  • $6,005Interest-bearing balances
  • $0Securities
  • $38,104Federal funds sold & reverse repurchase agreements
  • $500Net loans & leases
  • $92,461Loan loss allowance
  • $1,201Trading account assets
  • $0Bank premises and fixed assets
  • $1,981Other real estate owned
  • $218Goodwill and other intangibles
  • $2,243Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $141,512Total liabilities
  • $131,737Total deposits
  • $115,190Interest-bearing deposits
  • $97,665Deposits held in domestic offices
  • 115190.00%% insured (estimated)
  • $89Federal funds purchased & repurchase agreements
  • $14,582Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $1,965Total equity capital
  • $1,965Total bank equity capital
  • $9,775Perpetual preferred stock
  • $0Common stock
  • $1,884Surplus
  • $7,371Undivided profits
  • Memoranda
  • $520Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $728Income earned, not collected on loans
  • $1,187Earning assets
  • $131,065Long-term assets (5+ years)
  • $15,843Average Assets, year-to-date
  • $140,420Average Assets, quarterly
  • $140,849Volatile liabilities
  • $22,539Insider loans
  • $1,632FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $36,043Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $9,541Total risk weighted assets
  • $97,530Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $10,116Total interest expense
  • $4,568Net interest income
  • $5,548Provision for loan and lease losses
  • $144Total noninterest income
  • $1,093Fiduciary activities
  • $0Service charges on deposit accounts
  • $478Trading account gains & fees
  • $0Additional noninterest income
  • $615Total noninterest expense
  • $4,915Salaries and employee benefits
  • $1,644Premises and equipment expense
  • $925Additional noninterest expense
  • $2,346Pre-tax net operating income
  • $1,582Securities gains (losses)
  • -$83Applicable income taxes
  • $436Income before extraordinary items
  • $1,063Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,063Net charge-offs
  • $30Cash dividends
  • $3,725Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.78%Cost of funding earning assets
  • 3.51%Net interest margin
  • 4.27%Noninterest income to earning assets
  • 0.84%Noninterest expense to earning assets
  • 3.78%Net operating income to assets
  • 0.80%Return on assets (ROA)
  • 0.76%Pretax return on assets
  • 1.07%Return on equity (ROE)
  • 9.78%Retained earnings to average equity (YTD only)
  • -24.48%Net charge-offs to loans
  • 0.03%Credit loss provision to net charge-offs
  • 480.00%Efficiency ratio
  • 73,920Assets per employee
  • 2.95%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 350.42%Loss allowance to loans
  • 1.28%Loss allowance to noncurrent loans
  • 164.97%Noncurrent assets plus other real estate owned to assets
  • 0.67%Noncurrent loans to loans
  • 0.78%Net loans and leases to deposits
  • 80.27%Net loans and leases to core deposits
  • 86.22%Equity capital to assets
  • 6.91%Core capital (leverage) ratio
  • 6.91%Tier 1 risk-based capital ratio
  • 9.78%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $140,420Average earning assets
  • $10,874Average equity
  • $129,991Average loans

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