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 WWW:http://www.redcedarbank.com 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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