PremierBank in Fort Atkinson, Wisconsin (WI)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • PremierBank in Fort Atkinson, Wisconsin (WI)
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PremierBank - Overview

  • General
  • FDIC Certificate #: 5295
    Status: Active
    Federal Reserve ID: 907547
    Bank Holding Company (Regulatory Top Holder): First American Bankshares, Inc. (RSSDID: 1141629, Location: Fort Atkinson, WI)
    Date Established: October 27, 1863
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Domestic: 8, Interstate: No)
    FDIC's unique #: 3560
    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: January 01, 1934
    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
  • Location
  • Address: 70 North Main Street, Fort Atkinson, WI 53538
    County: Jefferson
    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
    Core Based Statistical Area (CBSA): Watertown-Fort Atkinson, WI (#48020)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $291.0 mil
    Equity capital: $43.1 mil
    Deposits held in domestic offices: $211.9 mil
    Return on assets (ROA): 1.22% ($3.6 mil)
    Quarterly return on assets: 1.41% ($4.1 mil)
    Return on Equity (ROE): 8.18% ($3.5 mil)
    Quarterly return on equity: 9.31% ($4.0 mil)
    Net income: $3.4 mil
    Quarterly Net income: $1.0 mil
    Pretax return on assets: 1.68% ($4,888.1 mil)
    Quarterly Pretax return on assets: 1.96% ($5,702.8 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
  • 75Total employees (full-time equivalent)
  • $290,959Total assets
  • $22,279Cash and due from depository institutions
  • $12,220Interest-bearing balances
  • $61,455Securities
  • $15,921Federal funds sold & reverse repurchase agreements
  • $171,859Net loans & leases
  • $2,586Loan loss allowance
  • $0Trading account assets
  • $3,341Bank premises and fixed assets
  • $1,028Other real estate owned
  • $8,085Goodwill and other intangibles
  • $290,959Life insurance assets
  • $6,991All other assets
  • $247,866Total liabilities and capital
  • $211,913Total liabilities
  • $163,144Total deposits
  • $211,913Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 24071.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $10,811Trading liabilities
  • $0Other borrowed funds
  • $1,071Subordinated debt
  • $43,093All other liabilities
  • $43,093Total equity capital
  • $43,093Total bank equity capital
  • $0Perpetual preferred stock
  • $900Common stock
  • $22,431Surplus
  • $19,762Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,209Income earned, not collected on loans
  • $0Earning assets
  • $1,111Long-term assets (5+ years)
  • $261,455Average Assets, year-to-date
  • $35,692Average Assets, quarterly
  • $279,754Volatile liabilities
  • $283,875Insider loans
  • $214,123FHLB advances
  • $270,268Loans and leases held for sale
  • $3,153Unused loan commitments
  • $3,153Tier 1 (core) risk-based capital
  • $34,088Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $26,151Restructured Loans and leases
  • $654Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,014Total interest income
  • $1,465Total interest expense
  • $9,549Net interest income
  • $765Provision for loan and lease losses
  • $2,474Total noninterest income
  • $882Fiduciary activities
  • $567Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,025Additional noninterest income
  • $6,565Total noninterest expense
  • $3,746Salaries and employee benefits
  • $757Premises and equipment expense
  • $2,062Additional noninterest expense
  • $4,693Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,268Applicable income taxes
  • $3,425Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,425Net income attributable to bank
  • $0Net charge-offs
  • $3,425Cash dividends
  • $672Sale, conversion, retirement of capital stock, net
  • $1,410Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.37%Yield on earning assets
  • 0.58%Cost of funding earning assets
  • 3.79%Net interest margin
  • 0.98%Noninterest income to earning assets
  • 2.60%Noninterest expense to earning assets
  • 1.22%Net operating income to assets
  • 1.22%Return on assets (ROA)
  • 1.68%Pretax return on assets
  • 8.18%Return on equity (ROE)
  • 4.81%Retained earnings to average equity (YTD only)
  • 0.40%Net charge-offs to loans
  • 113.84%Credit loss provision to net charge-offs
  • 8.12%Efficiency ratio
  • 54,313Assets per employee
  • 3.88%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 41.17%Loss allowance to loans
  • 1.48%Loss allowance to noncurrent loans
  • 80.59%Noncurrent assets plus other real estate owned to assets
  • 1.46%Noncurrent loans to loans
  • 1.84%Net loans and leases to deposits
  • 81.10%Net loans and leases to core deposits
  • 83.63%Equity capital to assets
  • 14.81%Core capital (leverage) ratio
  • 12.61%Tier 1 risk-based capital ratio
  • 15.92%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $279,754Average earning assets
  • $41,883Average equity
  • $252,118Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $148,691Managed Assets
  • 1Number of Accounts
  • $118,417Personal trust and agency accounts
  • $61,690Employee benefit-defined contribution accounts
  • $7,751Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $9,108Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $39,868Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 420Number of Accounts
  • $0Personal trust and agency accounts
  • $9,108Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $30,274Other retirement accounts
  • $23,805Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $2,165Fiduciary accounts held in foreign offices

Bank Assets Sold and Securitized (December 31, 2011)

  • Dollar figures in thousands
  • Principal balance with servicing or other recourse retained
  • $113,0341-4 family residential loans
  • $0Home equity lines
  • $0Credit cards receivables
  • $0Auto loans
  • $0Other consumer loans
  • $0Commercial and industrial loans

List of branches

  • 8 Wisconsin Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03560Premierbank70 North Main Street, Fort Atkinson, WI 53538October 27, 1863Full Service Brick and Mortar
    1207448Drive-In Facility100 East Sherman Avenue, Fort Atkinson, WI 53538May 12, 1986Limited Service Facility
    2207449Drive-In Facility Branch910 South Main Street, Fort Atkinson, WI 53538November 01, 1993Limited Service Facility
    3207450Johnson Creek Branch100 Grell Lane, Johnson Creek, WI 53038July 25, 1995Full Service Brick and Mortar
    46396Jefferson Branch320 South Center Avenue, Jefferson, WI 53549October 01, 1858Full Service Brick and Mortar
    5221683Drive-In Facility1491 South Highway 26, Jefferson, WI 53549August 05, 1994Limited Service Facility
    6358839Pick N Save Branch1505 Madison Avenue, Fort Atkinson, WI 53538September 13, 2000Full Service Retail
    7424192Sullivan Branch154 Main Street, Sullivan, WI 53178November 14, 2003Full Service Brick and Mortar

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