North Milwaukee State Bank in Milwaukee, Wisconsin (WI)



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North Milwaukee State Bank
GeneralFDIC Certificate #: 20364
Status: Active
Federal Reserve ID: 759540
Bank Holding Company (Regulatory Top Holder): North Milwaukee Bancshares, Inc. (RSSDID: 1889958, Location: Milwaukee, WI)
Date Established: Febuary 12, 1971
WWW: http://www.nmsbank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Domestic: 2, Interstate: No)
OTS Docket #: 13963
FDIC's unique #: 14027
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: Febuary 12, 1971
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 5630 West Fond Du Lac Avenue, Milwaukee, WI 53216
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)
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $89.4 mil
Equity capital: $7.8 mil
Deposits held in domestic offices: $76.7 mil
Return on assets (ROA): -0.56% (-$0.5 mil)
Quarterly return on assets: -2.26% (-$2.0 mil)
Return on Equity (ROE): -6.06% (-$0.5 mil)
Quarterly return on equity: -25.17% (-$2.0 mil)
Net income: -$0.5 mil
Quarterly Net income: -$0.5 mil
Pretax return on assets: -1.00% (-$894.5 mil)
Quarterly Pretax return on assets: -3.81% (-$3,408.0 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, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)24
Total assets$89,449
Cash and due from depository institutions$3,962
Interest-bearing balances$1,100
Securities$13,294
Federal funds sold & reverse repurchase agreements$7,062
Net loans & leases$61,613
Loan loss allowance $2,498
Trading account assets$0
Bank premises and fixed assets$1,092
Other real estate owned$1,114
Goodwill and other intangibles$0
All other assets$1,312
Life insurance assets$89,449
Total liabilities and capital$81,604
Total liabilities$76,684
Total deposits$65,531
Interest-bearing deposits$76,684
Deposits held in domestic offices$89
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$4,338
Other borrowed funds $0
Subordinated debt $582
All other liabilities $7,845
Total equity capital$7,845
Total bank equity capital$7,845
Perpetual preferred stock$0
Common stock$250
Surplus$4,002
Undivided profits $3,593
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $9,870
Earning assets $0
Long-term assets (5+ years) $301
Average Assets, year-to-date $83,069
Average Assets, quarterly $6,855
Volatile liabilities $90,131
Insider loans $90,296
FHLB advances $64,666
Loans and leases held for sale $91,531
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $7,547
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $1,717
Derivatives$2,968
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $4,644
Total interest expense $1,093
Net interest income $3,551
Provision for loan and lease losses $1,780
Total noninterest income $830
Fiduciary activities $0
Service charges on deposit accounts $235
Trading account gains & fees $0
Additional noninterest income $595
Total noninterest expense $3,503
Salaries and employee benefits $1,614
Premises and equipment expense $384
Additional noninterest expense $1,505
Pre-tax net operating income -$902
Securities gains (losses) $0
Applicable income taxes -$401
Income before extraordinary items -$501
Extraordinary gains - net $0
Net income attributable to bank -$501
Net charge-offs $0
Cash dividends -$501
Sale, conversion, retirement of capital stock, net $512
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.59%
Cost of funding earning assets 1.31%
Net interest margin 4.27%
Noninterest income to earning assets 1.00%
Noninterest expense to earning assets 4.21%
Net operating income to assets -0.56%
Return on assets (ROA) -0.56%
Pretax return on assets -1.00%
Return on equity (ROE) -6.06%
Retained earnings to average equity (YTD only) -6.06%
Net charge-offs to loans 0.79%
Credit loss provision to net charge-offs 347.66%
Efficiency ratio1.71%
Assets per employee$79,959
Cash dividends to net income (YTD only)3.73%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 3.90%
Noncurrent assets plus other real estate owned to assets 25.31%
Noncurrent loans to loans 12.28%
Net loans and leases to deposits15.40%
Net loans and leases to core deposits 80.35%
Equity capital to assets 117.89%
Core capital (leverage) ratio 8.77%
Tier 1 risk-based capital ratio 8.25%
Total risk-based capital ratio 11.67%
Memoranda
Average assets$13
Average earning assets$90,131
Average equity $8,261
Average loans $83,124
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2 Wisconsin Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
014027North Milwaukee State Bank5630 West Fond Du Lac Avenue, Milwaukee, WI 53216Febuary 12, 1971Full Service Brick and Mortar
3480916Northridge Branch8200 West Brown Deer Road, Milwaukee, WI 53223September 02, 2008Full Service Brick and Mortar
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