Northern State Bank in Ashland, Wisconsin (WI), MN
Overview, Financial Summary, Detailed Financial Reports, Branches

Northern State Bank - Overview

  • General
  • FDIC Certificate #: 15242
    Status: Active
    Federal Reserve ID: 625757
    Bank Holding Company (Regulatory Top Holder): Bay Area Banking Shares, Inc. (RSSDID: 1127799, Location: Ashland, WI)
    Date Established: September 05, 1933
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Domestic: 8, Interstate: Yes)
    FDIC's unique #: 9594
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 19, 2010
    Last Structure Change Process Date: March 23, 2010
    Last Data Update: March 23, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 321 West Main Street, Ashland, WI 54806
    County: Ashland
    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 Changes
  • Participated in FDIC Assisted Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $228.0 mil
    Equity capital: $18.8 mil
    Deposits held in domestic offices: $209.1 mil
    Return on assets (ROA): 1.14% ($2.6 mil)
    Quarterly return on assets: 1.20% ($2.7 mil)
    Return on Equity (ROE): 14.07% ($2.7 mil)
    Quarterly return on equity: 14.35% ($2.7 mil)
    Net income: $2.6 mil
    Quarterly Net income: $0.7 mil
    Pretax return on assets: 1.17% ($2,667.8 mil)
    Quarterly Pretax return on assets: 1.25% ($2,850.2 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, 2011)

  • Dollar figures in thousands
  • 64Total employees (full-time equivalent)
  • $228,014Total assets
  • $10,984Cash and due from depository institutions
  • $3,698Interest-bearing balances
  • $71,407Securities
  • $636Federal funds sold & reverse repurchase agreements
  • $139,033Net loans & leases
  • $1,117Loan loss allowance
  • $0Trading account assets
  • $2,233Bank premises and fixed assets
  • $1,564Other real estate owned
  • $95Goodwill and other intangibles
  • $228,014Life insurance assets
  • $2,062All other assets
  • $209,174Total liabilities and capital
  • $209,054Total liabilities
  • $180,631Total deposits
  • $209,054Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $120Subordinated debt
  • $18,840All other liabilities
  • $18,840Total equity capital
  • $18,840Total bank equity capital
  • $0Perpetual preferred stock
  • $405Common stock
  • $6,295Surplus
  • $12,140Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,231Income earned, not collected on loans
  • $0Earning assets
  • $864Long-term assets (5+ years)
  • $214,774Average Assets, year-to-date
  • $20,585Average Assets, quarterly
  • $225,172Volatile liabilities
  • $226,247Insider loans
  • $128,916FHLB advances
  • $223,265Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $17,557Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,661Restructured Loans and leases
  • $797Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,713Total interest income
  • $1,409Total interest expense
  • $7,304Net interest income
  • $90Provision for loan and lease losses
  • $723Total noninterest income
  • $0Fiduciary activities
  • $428Service charges on deposit accounts
  • $0Trading account gains & fees
  • $295Additional noninterest income
  • $5,315Total noninterest expense
  • $3,115Salaries and employee benefits
  • $823Premises and equipment expense
  • $1,377Additional noninterest expense
  • $2,622Pre-tax net operating income
  • $6Securities gains (losses)
  • $50Applicable income taxes
  • $2,578Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,578Net income attributable to bank
  • $0Net charge-offs
  • $2,578Cash dividends
  • $190Sale, conversion, retirement of capital stock, net
  • $2,000Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.06%Yield on earning assets
  • 0.66%Cost of funding earning assets
  • 3.40%Net interest margin
  • 0.34%Noninterest income to earning assets
  • 2.48%Noninterest expense to earning assets
  • 1.14%Net operating income to assets
  • 1.14%Return on assets (ROA)
  • 1.17%Pretax return on assets
  • 14.07%Return on equity (ROE)
  • 3.16%Retained earnings to average equity (YTD only)
  • 0.14%Net charge-offs to loans
  • 47.37%Credit loss provision to net charge-offs
  • 14.27%Efficiency ratio
  • 65,927Assets per employee
  • 3.56%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 77.58%Loss allowance to loans
  • 0.80%Loss allowance to noncurrent loans
  • 50.07%Noncurrent assets plus other real estate owned to assets
  • 1.66%Noncurrent loans to loans
  • 1.59%Net loans and leases to deposits
  • 66.51%Net loans and leases to core deposits
  • 70.66%Equity capital to assets
  • 8.26%Core capital (leverage) ratio
  • 7.86%Tier 1 risk-based capital ratio
  • 13.62%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $225,172Average earning assets
  • $18,316Average equity
  • $214,714Average loans

List of branches

  • 1 Minnesota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    85244Bank Of Aurora Branch213 North Main Street, Aurora, MN 55705January 01, 1906Full Service Brick and Mortar
  • 7 Wisconsin Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09594Northern State Bank321 West Main Street, Ashland, WI 54806September 05, 1933Full Service Brick and Mortar
    1233512Butternut Branch200 West Main Street, Butternut, WI 54514September 05, 1933Full Service Brick and Mortar
    2233513Glidden Branch163 South Grant Street, Glidden, WI 54527September 05, 1933Full Service Brick and Mortar
    4233515Mellen Branch103 North Main, Mellen, WI 54546September 05, 1933Full Service Brick and Mortar
    5233516Auto Bank Facility321 Second Street West, Ashland, WI 54806November 08, 1979Limited Service Facility
    6233517County Market Branch401 Ellis Avenue, Ashland, WI 54806October 05, 1998Limited Service Facility
    7340734Washburn Iga Branch226 West Bayfield St., Washburn, WI 54891May 08, 2000Full Service Retail

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