Oak Bank in Fitchburg, Wisconsin (WI)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Oak Bank in Fitchburg, Wisconsin (WI)
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Oak Bank - Overview

  • General
  • FDIC Certificate #: 35333
    Status: Active
    Federal Reserve ID: 2857600
    Bank Holding Company (Regulatory Top Holder): Oak Financial, Inc. (RSSDID: 2857598, Location: Fitchburg, WI)
    Date Established: August 14, 2000
    WWW: http://www.oakbankonline.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 78239
    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: August 14, 2000
    Last Structure Change Effective Date: July 25, 2006
    Last Structure Change Process Date: October 13, 2009
    Last Data Update: October 13, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 5951 Mckee Road, Fitchburg, WI 53711
    County: Dane
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Madison
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Madison, WI (#4720)
    Combined Statistical Area (CSA): Madison-Baraboo, WI (#358)
    Core Based Statistical Area (CBSA): Madison, WI (#31540)
    CBSA Metro Statistical Area: Madison, WI (#31540)
  • Financial Summary
  • Total assets: $220.5 mil
    Equity capital: $22.3 mil
    Deposits held in domestic offices: $192.1 mil
    Return on assets (ROA): 0.91% ($2.0 mil)
    Quarterly return on assets: 0.76% ($1.7 mil)
    Return on Equity (ROE): 8.89% ($2.0 mil)
    Quarterly return on equity: 7.18% ($1.6 mil)
    Net income: $1.9 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 1.34% ($2,954.4 mil)
    Quarterly Pretax return on assets: 1.07% ($2,359.1 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
  • 27Total employees (full-time equivalent)
  • $220,479Total assets
  • $32,697Cash and due from depository institutions
  • $28,120Interest-bearing balances
  • $27,255Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $148,987Net loans & leases
  • $3,759Loan loss allowance
  • $0Trading account assets
  • $175Bank premises and fixed assets
  • $1,990Other real estate owned
  • $0Goodwill and other intangibles
  • $220,479Life insurance assets
  • $9,375All other assets
  • $198,221Total liabilities and capital
  • $192,081Total liabilities
  • $162,003Total deposits
  • $192,081Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,800Trading liabilities
  • $0Other borrowed funds
  • $2,340Subordinated debt
  • $22,258All other liabilities
  • $22,258Total equity capital
  • $22,258Total bank equity capital
  • $0Perpetual preferred stock
  • $1,400Common stock
  • $9,597Surplus
  • $11,261Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,015Income earned, not collected on loans
  • $63Earning assets
  • $719Long-term assets (5+ years)
  • $204,362Average Assets, year-to-date
  • $22,911Average Assets, quarterly
  • $212,279Volatile liabilities
  • $211,568Insider loans
  • $162,209FHLB advances
  • $210,636Loans and leases held for sale
  • $4,826Unused loan commitments
  • $4,826Tier 1 (core) risk-based capital
  • $21,729Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $37,846Restructured Loans and leases
  • $2,320Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,338Total interest income
  • $2,426Total interest expense
  • $6,912Net interest income
  • $1,009Provision for loan and lease losses
  • $1,622Total noninterest income
  • $0Fiduciary activities
  • $356Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,266Additional noninterest income
  • $4,685Total noninterest expense
  • $2,721Salaries and employee benefits
  • $440Premises and equipment expense
  • $1,524Additional noninterest expense
  • $2,840Pre-tax net operating income
  • $0Securities gains (losses)
  • $913Applicable income taxes
  • $1,927Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,927Net income attributable to bank
  • $0Net charge-offs
  • $1,927Cash dividends
  • $751Sale, conversion, retirement of capital stock, net
  • $750Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.74%Yield on earning assets
  • 1.23%Cost of funding earning assets
  • 3.51%Net interest margin
  • 0.82%Noninterest income to earning assets
  • 2.38%Noninterest expense to earning assets
  • 0.91%Net operating income to assets
  • 0.91%Return on assets (ROA)
  • 1.34%Pretax return on assets
  • 8.89%Return on equity (ROE)
  • 5.43%Retained earnings to average equity (YTD only)
  • 0.48%Net charge-offs to loans
  • 134.35%Credit loss provision to net charge-offs
  • 5.13%Efficiency ratio
  • 54,898Assets per employee
  • 8.17%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 38.92%Loss allowance to loans
  • 2.46%Loss allowance to noncurrent loans
  • 46.90%Noncurrent assets plus other real estate owned to assets
  • 4.54%Noncurrent loans to loans
  • 5.25%Net loans and leases to deposits
  • 77.56%Net loans and leases to core deposits
  • 85.95%Equity capital to assets
  • 10.10%Core capital (leverage) ratio
  • 10.32%Tier 1 risk-based capital ratio
  • 13.40%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $212,279Average earning assets
  • $21,677Average equity
  • $197,066Average loans

List of branches

  • 1 Wisconsin Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    078239Oak Bank5951 Mckee Road, Fitchburg, WI 53711August 14, 2000Full Service Brick and Mortar

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