Red Cedar Bank National Association in Boyceville, Wisconsin (WI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 31, 2004

  • Red Cedar Bank National Association in Boyceville, Wisconsin (WI)
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Red Cedar Bank National Association - Overview

  • General
  • FDIC Certificate #: 1136
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Peoples State Bank of Plainview (#1100)
    Federal Reserve ID: 383253
    Date Established: January 01, 1909
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Interstate: No)
    OTS Docket #: 15936
    FDIC's unique #: 775
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: December 31, 2004
    Last Structure Change Process Date: January 11, 2005
    Last Data Update: January 11, 2005
    Data Source Date: April 05, 2012
  • Location
  • Address: Main Street, Boyceville, WI 54725
    County: Dunn
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Eau Claire
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Combined Statistical Area (CSA): Eau Claire-Menomonie, WI (#232)
    Core Based Statistical Area (CBSA): Menomonie, WI (#32860)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $26.1 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, 2003)

  • Dollar figures in thousands
  • 9Total employees (full-time equivalent)
  • $26,113Total assets
  • $2,143Cash and due from depository institutions
  • $1,444Interest-bearing balances
  • $4,314Securities
  • $679Federal funds sold & reverse repurchase agreements
  • $17,021Net loans & leases
  • $233Loan loss allowance
  • $0Trading account assets
  • $953Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,003All other assets
  • $26,113Total liabilities and capital
  • $23,615Total liabilities
  • $22,129Total deposits
  • $17,791Interest-bearing deposits
  • $22,129Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $1,313Other borrowed funds
  • $0Subordinated debt
  • $173All other liabilities
  • $2,498Total equity capital
  • $2,498Total bank equity capital
  • $2,498Perpetual preferred stock
  • $0Common stock
  • $125Surplus
  • $265Undivided profits
  • Memoranda
  • $2,108Noncurrent loans and leases
  • $2,410Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $88Earning assets
  • $0Long-term assets (5+ years)
  • $171Average Assets, year-to-date
  • $23,458Average Assets, quarterly
  • $2,517Volatile liabilities
  • $25,870Insider loans
  • $26,078FHLB advances
  • $2,373Loans and leases held for sale
  • $0Unused loan commitments
  • $1,313Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,410Total unused commitments
  • $0Restructured Loans and leases
  • $233Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $1,424Total interest income
  • $489Total interest expense
  • $935Net interest income
  • $12Provision for loan and lease losses
  • $428Total noninterest income
  • $0Fiduciary activities
  • $170Service charges on deposit accounts
  • $0Trading account gains & fees
  • $258Additional noninterest income
  • $1,178Total noninterest expense
  • $524Salaries and employee benefits
  • $138Premises and equipment expense
  • $516Additional noninterest expense
  • $173Pre-tax net operating income
  • $11Securities gains (losses)
  • $34Applicable income taxes
  • $150Income before extraordinary items
  • $0Extraordinary gains - net
  • $150Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $13Sale, conversion, retirement of capital stock, net
  • $100Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.11%Yield on earning assets
  • 2.10%Cost of funding earning assets
  • 4.01%Net interest margin
  • 1.84%Noninterest income to earning assets
  • 5.05%Noninterest expense to earning assets
  • 0.54%Net operating income to assets
  • 0.58%Return on assets (ROA)
  • 0.71%Pretax return on assets
  • 6.07%Return on equity (ROE)
  • 2.02%Retained earnings to average equity (YTD only)
  • 0.08%Net charge-offs to loans
  • 92.31%Credit loss provision to net charge-offs
  • 14.23%Efficiency ratio
  • 86,427Assets per employee
  • 2.90%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 66.67%Loss allowance to loans
  • 1.35%Loss allowance to noncurrent loans
  • 264.77%Noncurrent assets plus other real estate owned to assets
  • 0.34%Noncurrent loans to loans
  • 0.51%Net loans and leases to deposits
  • 76.92%Net loans and leases to core deposits
  • 85.08%Equity capital to assets
  • 9.57%Core capital (leverage) ratio
  • 9.36%Tier 1 risk-based capital ratio
  • 12.50%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $25,870Average earning assets
  • $2,472Average equity
  • $23,319Average loans

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