FDIC Certificate #: 28612 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:North Shore Bank, FSB (#28679) Federal Reserve ID: 367673 Date Established: January 01, 1912 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 18048 FDIC's unique #: 41446 Numeric code: 38 Regulator: OTS Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: October 11, 1937 Last Structure Change Effective Date: September 17, 2010 Last Structure Change Process Date: September 20, 2010 Last Data Update: September 20, 2010 Data Source Date: April 05, 2012
Location
Address: 10427 West Lincoln Avenue, West Allis, WI 53227 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: $350.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
82Total employees (full-time equivalent)
$377,615Total assets
$33,177Cash and due from depository institutions
$30,321Interest-bearing balances
$16,775Securities
$11,763Federal funds sold & reverse repurchase agreements
$262,143Net loans & leases
$6,365Loan loss allowance
$0Trading account assets
$17,466Bank premises and fixed assets
$12,769Other real estate owned
$832Goodwill and other intangibles
$11,397Life insurance assets
$22,690All other assets
$377,615Total liabilities and capital
$365,387Total liabilities
$263,864Total deposits
$250,731Interest-bearing deposits
$263,864Deposits held in domestic offices
97.58%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$96,000Other borrowed funds
$0Subordinated debt
$5,523All other liabilities
$12,228Total equity capital
$12,228Total bank equity capital
$12,228Perpetual preferred stock
$0Common stock
$0Surplus
$0Undivided profits
Memoranda
$12,228Noncurrent loans and leases
$38,102Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$30,932Earning assets
$0Long-term assets (5+ years)
$1,305Average Assets, year-to-date
$321,002Average Assets, quarterly
$0Volatile liabilities
$392,033Insider loans
$374,833FHLB advances
$172,532Loans and leases held for sale
$3,227Unused loan commitments
$96,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$38,102Total unused commitments
$12,445Restructured Loans and leases
$3,443Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$15,778Total interest income
$9,781Total interest expense
$5,997Net interest income
$21,947Provision for loan and lease losses
$3,597Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$3,597Additional noninterest income
$10,191Total noninterest expense
$4,361Salaries and employee benefits
$2,447Premises and equipment expense
$3,383Additional noninterest expense
-$22,544Pre-tax net operating income
$62Securities gains (losses)
-$1,445Applicable income taxes
-$21,037Income before extraordinary items
$0Extraordinary gains - net
-$21,037Net income attributable to bank
$0Net charge-offs
-$21,037Cash dividends
$12,198Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.66%Yield on earning assets
2.89%Cost of funding earning assets
1.77%Net interest margin
1.06%Noninterest income to earning assets
3.01%Noninterest expense to earning assets
-5.38%Net operating income to assets
-5.37%Return on assets (ROA)
-5.73%Pretax return on assets
-89.97%Return on equity (ROE)
-89.97%Retained earnings to average equity (YTD only)
3.98%Net charge-offs to loans
179.92%Credit loss provision to net charge-offs
-0.05%Efficiency ratio
106,223Assets per employee
4.61%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.37%Loss allowance to noncurrent loans
20.58%Noncurrent assets plus other real estate owned to assets
10.62%Noncurrent loans to loans
11.52%Net loans and leases to deposits
99.35%Net loans and leases to core deposits
139.93%Equity capital to assets
3.24%Core capital (leverage) ratio
3.15%Tier 1 risk-based capital ratio
3.78%Total risk-based capital ratio
Memoranda
$5Average assets
$392,033Average earning assets
$23,382Average equity
$338,928Average loans
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