RidgeStone Bank in Brookfield, Wisconsin (WI), IL
Overview, Financial Summary, Detailed Financial Reports, Branches


RidgeStone Bank - Overview

  • General
  • FDIC Certificate #: 34101
    Status: Active
    Federal Reserve ID: 2342160
    Bank Holding Company (Regulatory Top Holder): Ridgestone Financial Services, Inc. (RSSDID: 3443774, Location: Brookfield, WI)
    Date Established: December 07, 1995
    WWW: http://www.ridgestone.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: Yes)
    FDIC's unique #: 56241
    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: December 07, 1995
    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: 13925 West North Avenue, Brookfield, WI 53005
    County: Waukesha
    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
    Metropolitan Statistical Area (MSA): Milwaukee-Waukesha, WI (#5080)
    Consolidated Metropolitan Statistical Area (CMSA): Milwaukee-Racine, WI (#63)
    Combined Statistical Area (CSA): Milwaukee-Racine-Waukesha, WI (#376)
    Core Based Statistical Area (CBSA): Milwaukee-Waukesha-West Allis, WI (#33340)
    CBSA Metro Statistical Area: Milwaukee-Waukesha-West Allis, WI (#33340)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $425.7 mil
    Equity capital: $41.3 mil
    Deposits held in domestic offices: $361.5 mil
    Return on assets (ROA): 0.25% ($1.1 mil)
    Quarterly return on assets: -0.97% (-$4.1 mil)
    Return on Equity (ROE): 2.66% ($1.1 mil)
    Quarterly return on equity: -9.84% (-$4.0 mil)
    Net income: $1.1 mil
    Quarterly Net income: -$1.0 mil
    Pretax return on assets: 0.40% ($1,702.9 mil)
    Quarterly Pretax return on assets: -1.61% (-$6,854.1 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, 2011)

  • Dollar figures in thousands
  • 81Total employees (full-time equivalent)
  • $425,721Total assets
  • $36,317Cash and due from depository institutions
  • $27,275Interest-bearing balances
  • $38,964Securities
  • $250Federal funds sold & reverse repurchase agreements
  • $308,481Net loans & leases
  • $12,979Loan loss allowance
  • $0Trading account assets
  • $2,859Bank premises and fixed assets
  • $15,812Other real estate owned
  • $10,156Goodwill and other intangibles
  • $425,721Life insurance assets
  • $12,882All other assets
  • $384,377Total liabilities and capital
  • $361,484Total liabilities
  • $336,898Total deposits
  • $361,484Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $19,187Trading liabilities
  • $0Other borrowed funds
  • $3,706Subordinated debt
  • $41,344All other liabilities
  • $41,344Total equity capital
  • $41,344Total bank equity capital
  • $0Perpetual preferred stock
  • $2,000Common stock
  • $39,007Surplus
  • $337Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $35,038Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $24,655Income earned, not collected on loans
  • $0Earning assets
  • $1,966Long-term assets (5+ years)
  • $374,970Average Assets, year-to-date
  • $129,470Average Assets, quarterly
  • $444,227Volatile liabilities
  • $424,400Insider loans
  • $332,081FHLB advances
  • $420,149Loans and leases held for sale
  • $2,107Unused loan commitments
  • $2,107Tier 1 (core) risk-based capital
  • $40,357Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $20,869Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $22,014Total interest income
  • $6,483Total interest expense
  • $15,531Net interest income
  • $7,325Provision for loan and lease losses
  • $10,582Total noninterest income
  • $0Fiduciary activities
  • $401Service charges on deposit accounts
  • $0Trading account gains & fees
  • $10,181Additional noninterest income
  • $16,989Total noninterest expense
  • $8,119Salaries and employee benefits
  • $649Premises and equipment expense
  • $8,221Additional noninterest expense
  • $1,799Pre-tax net operating income
  • $0Securities gains (losses)
  • $691Applicable income taxes
  • $1,108Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,108Net income attributable to bank
  • $0Net charge-offs
  • $1,108Cash dividends
  • $5,400Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.52%Yield on earning assets
  • 1.63%Cost of funding earning assets
  • 3.90%Net interest margin
  • 2.65%Noninterest income to earning assets
  • 4.26%Noninterest expense to earning assets
  • 0.25%Net operating income to assets
  • 0.25%Return on assets (ROA)
  • 0.40%Pretax return on assets
  • 2.66%Return on equity (ROE)
  • 2.66%Retained earnings to average equity (YTD only)
  • 1.57%Net charge-offs to loans
  • 135.65%Credit loss provision to net charge-offs
  • 1.69%Efficiency ratio
  • 64,692Assets per employee
  • 5.26%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.04%Loss allowance to noncurrent loans
  • 52.64%Noncurrent assets plus other real estate owned to assets
  • 9.56%Noncurrent loans to loans
  • 7.67%Net loans and leases to deposits
  • 85.34%Net loans and leases to core deposits
  • 102.51%Equity capital to assets
  • 9.71%Core capital (leverage) ratio
  • 9.61%Tier 1 risk-based capital ratio
  • 12.15%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $444,227Average earning assets
  • $41,731Average equity
  • $398,678Average loans

List of branches

  • 1 Illinois Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    2465561Schaumburg Office Branch10 N Martingal Rd Suite 100, Schaumburg, IL 60173April 02, 2007Full Service Retail
  • 1 Wisconsin Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    056241Ridgestone Bank13925 West North Avenue, Brookfield, WI 53005December 07, 1995Full Service Brick and Mortar

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