FDIC Certificate #: 10181 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Merchants Bank, National Association (#57493) Federal Reserve ID: 954550 Date Established: September 10, 1912 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Interstate: No) FDIC's unique #: 6521 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: April 01, 2008 Last Structure Change Process Date: May 23, 2008 Last Data Update: May 23, 2008 Data Source Date: April 05, 2012
Location
Address: 3140 Market Place, Onalaska, WI 54650 County: La Crosse Quarterly Banking Profile Region: Chicago FDIC Geographic Region: Chicago FDIC Supervisory Region: Kansas City FDIC Field Office: Eau Claire Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: Central Metropolitan Statistical Area (MSA): La Crosse, WI-MN (#3870) Core Based Statistical Area (CBSA): La Crosse, WI-MN (#29100) CBSA Metro Statistical Area: La Crosse, WI-MN (#29100)
Financial Summary
Total assets: $25.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2007)
Dollar figures in thousands
9Total employees (full-time equivalent)
$25,850Total assets
$712Cash and due from depository institutions
$4Interest-bearing balances
$1,651Securities
$630Federal funds sold & reverse repurchase agreements
$18,995Net loans & leases
$242Loan loss allowance
$0Trading account assets
$2,381Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$884Life insurance assets
$1,481All other assets
$25,850Total liabilities and capital
$22,598Total liabilities
$22,464Total deposits
$20,069Interest-bearing deposits
$22,464Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$134All other liabilities
$3,252Total equity capital
$3,252Total bank equity capital
$3,252Perpetual preferred stock
$0Common stock
$150Surplus
$3,382Undivided profits
Memoranda
$-280Noncurrent loans and leases
$7,125Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$461Earning assets
$0Long-term assets (5+ years)
$76Average Assets, year-to-date
$21,280Average Assets, quarterly
$2,644Volatile liabilities
$26,476Insider loans
$25,965FHLB advances
$4,527Loans and leases held for sale
$153Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$399Total risk weighted assets
$7,125Total unused commitments
$0Restructured Loans and leases
$255Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$1,562Total interest income
$858Total interest expense
$704Net interest income
$7Provision for loan and lease losses
$216Total noninterest income
$0Fiduciary activities
$84Service charges on deposit accounts
$0Trading account gains & fees
$132Additional noninterest income
$1,176Total noninterest expense
$561Salaries and employee benefits
$273Premises and equipment expense
$342Additional noninterest expense
-$263Pre-tax net operating income
$0Securities gains (losses)
-$114Applicable income taxes
-$149Income before extraordinary items
$0Extraordinary gains - net
-$149Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$39Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.24%Yield on earning assets
3.98%Cost of funding earning assets
3.26%Net interest margin
1.00%Noninterest income to earning assets
5.45%Noninterest expense to earning assets
-0.56%Net operating income to assets
-0.56%Return on assets (ROA)
-0.99%Pretax return on assets
-4.51%Return on equity (ROE)
-4.51%Retained earnings to average equity (YTD only)
0.20%Net charge-offs to loans
17.95%Credit loss provision to net charge-offs
-6.56%Efficiency ratio
127,826Assets per employee
2.87%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.26%Loss allowance to noncurrent loans
52.49%Noncurrent assets plus other real estate owned to assets
1.78%Noncurrent loans to loans
2.40%Net loans and leases to deposits
84.56%Net loans and leases to core deposits
105.90%Equity capital to assets
12.58%Core capital (leverage) ratio
12.73%Tier 1 risk-based capital ratio
14.27%Total risk-based capital ratio
Memoranda
$15Average assets
$26,476Average earning assets
$3,301Average equity
$21,566Average loans
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