Mid-Wisconsin Neillsville Bank in Neillsville, Wisconsin (WI)

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Mid-Wisconsin Neillsville Bank
GeneralFDIC Certificate #: 8707
Status: Inactive
Closing history: Corrections
Acquiring institution: Mid-Wisconsin Bank (#13273)
Federal Reserve ID: 223649
Date Established: March 01, 1879
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
FDIC's unique #: 5540
Numeric code: 21
Regulator: FDIC
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 01, 1934
Last Structure Change Effective Date: March 25, 1994
Last Structure Change Process Date: April 28, 1994
Last Data Update: April 28, 1994
Data Source Date: April 05, 2012
LocationAddress: 500 West Street, Neillsville, WI 54456
County: Clark
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Eau Claire
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
History of ChangesMerger - Without Assistance
Financial SummaryTotal assets: $49.3 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)
(Dollar figures in thousands)
Total employees (full-time equivalent)0
Total assets$24
Cash and due from depository institutions$49,344
Interest-bearing balances$2,491
Federal funds sold & reverse repurchase agreements$12,628
Net loans & leases$1,525
Loan loss allowance $30,264
Trading account assets$373
Bank premises and fixed assets$0
Other real estate owned$1,067
Goodwill and other intangibles$0
All other assets$987
Life insurance assets$382
Total liabilities and capital$0
Total liabilities$49,344
Total deposits$43,402
Interest-bearing deposits$41,642
Deposits held in domestic offices$38,024
% insured (estimated)41642.00%
Federal funds purchased & repurchase agreements $92
Trading liabilities$1,367
Other borrowed funds $0
Subordinated debt $0
All other liabilities $0
Total equity capital$393
Total bank equity capital$393
Perpetual preferred stock$5,942
Common stock$0
Undivided profits $5,213
Noncurrent loans and leases $329
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $224
Earning assets $137
Long-term assets (5+ years) $44,517
Average Assets, year-to-date $4,947
Average Assets, quarterly $49,669
Volatile liabilities $48,873
Insider loans $5,729
FHLB advances $379
Loans and leases held for sale $0
Unused loan commitments $0
Tier 1 (core) risk-based capital $3,688
Tier 2 risk-based capital $0
Total risk weighted assets $4,955
Total unused commitments $33,572
Restructured Loans and leases $0
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Income and Expense (December 31, 1993)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $3,586
Net interest income $1,549
Provision for loan and lease losses $2,037
Total noninterest income $100
Fiduciary activities $226
Service charges on deposit accounts $0
Trading account gains & fees $160
Additional noninterest income $0
Total noninterest expense $66
Salaries and employee benefits $1,498
Premises and equipment expense $695
Additional noninterest expense $213
Pre-tax net operating income $590
Securities gains (losses) $665
Applicable income taxes $2
Income before extraordinary items $240
Extraordinary gains - net $427
Net income attributable to bank $0
Net charge-offs $427
Cash dividends $81
Sale, conversion, retirement of capital stock, net $200
Net operating income $0
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Performance and Condition Ratios (December 31, 1993)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 8.04%
Net interest margin 3.47%
Noninterest income to earning assets 4.56%
Noninterest expense to earning assets 0.51%
Net operating income to assets 3.36%
Return on assets (ROA) 0.86%
Pretax return on assets 0.86%
Return on equity (ROE) 1.34%
Retained earnings to average equity (YTD only) 7.35%
Net charge-offs to loans 3.91%
Credit loss provision to net charge-offs 0.27%
Efficiency ratio123.46%
Assets per employee$62,395
Cash dividends to net income (YTD only)2.06%
Condition Ratios (%)
Loss allowance to loans 46.84%
Loss allowance to noncurrent loans 1.22%
Noncurrent assets plus other real estate owned to assets 166.52%
Noncurrent loans to loans 0.45%
Net loans and leases to deposits0.73%
Net loans and leases to core deposits 72.68%
Equity capital to assets 81.18%
Core capital (leverage) ratio 12.04%
Tier 1 risk-based capital ratio 10.17%
Total risk-based capital ratio 14.76%
Average assets$16
Average earning assets$49,669
Average equity $5,809
Average loans $44,624
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