River Cities Bank in Wisconsin Rapids, Wisconsin (WI)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • River Cities Bank in Wisconsin Rapids, Wisconsin (WI)
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River Cities Bank - Overview

  • General
  • FDIC Certificate #: 34304
    Status: Active
    Federal Reserve ID: 2518497
    Bank Holding Company (Regulatory Top Holder): River Cities Bancshares, Inc. (RSSDID: 2518479, Location: Wisconsin Rapids, WI)
    Date Established: July 01, 1997
    WWW: http://www.rivercitiesbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 15776
    FDIC's unique #: 57063
    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: July 01, 1997
    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: 1601 Lincoln Street, Wisconsin Rapids, WI 54494
    County: Wood
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Appleton
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Core Based Statistical Area (CBSA): Marshfield-Wisconsin Rapids, WI (#32270)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Corrections
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $186.7 mil
    Equity capital: $23.7 mil
    Deposits held in domestic offices: $149.7 mil
    Return on assets (ROA): 1.03% ($1.9 mil)
    Quarterly return on assets: 0.96% ($1.8 mil)
    Return on Equity (ROE): 8.58% ($2.1 mil)
    Quarterly return on equity: 7.63% ($1.8 mil)
    Net income: $1.9 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 1.42% ($2,651.1 mil)
    Quarterly Pretax return on assets: 1.07% ($1,997.6 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
  • 31Total employees (full-time equivalent)
  • $186,695Total assets
  • $13,066Cash and due from depository institutions
  • $9,701Interest-bearing balances
  • $40,113Securities
  • $5,765Federal funds sold & reverse repurchase agreements
  • $118,025Net loans & leases
  • $3,236Loan loss allowance
  • $0Trading account assets
  • $3,447Bank premises and fixed assets
  • $68Other real estate owned
  • $408Goodwill and other intangibles
  • $186,695Life insurance assets
  • $5,803All other assets
  • $163,010Total liabilities and capital
  • $149,670Total liabilities
  • $131,817Total deposits
  • $149,670Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 9500.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,786Trading liabilities
  • $0Other borrowed funds
  • $2,054Subordinated debt
  • $23,685All other liabilities
  • $23,685Total equity capital
  • $23,685Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $7,388Surplus
  • $16,197Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,333Income earned, not collected on loans
  • $29Earning assets
  • $804Long-term assets (5+ years)
  • $173,604Average Assets, year-to-date
  • $35,939Average Assets, quarterly
  • $185,725Volatile liabilities
  • $186,943Insider loans
  • $135,426FHLB advances
  • $185,592Loans and leases held for sale
  • $2,994Unused loan commitments
  • $2,994Tier 1 (core) risk-based capital
  • $22,339Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $17,458Restructured Loans and leases
  • $2,034Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,436Total interest income
  • $2,409Total interest expense
  • $6,027Net interest income
  • $400Provision for loan and lease losses
  • $1,264Total noninterest income
  • $0Fiduciary activities
  • $188Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,076Additional noninterest income
  • $4,270Total noninterest expense
  • $2,505Salaries and employee benefits
  • $491Premises and equipment expense
  • $1,274Additional noninterest expense
  • $2,621Pre-tax net operating income
  • $11Securities gains (losses)
  • $713Applicable income taxes
  • $1,919Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,919Net income attributable to bank
  • $0Net charge-offs
  • $1,919Cash dividends
  • $201Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.00%Yield on earning assets
  • 1.43%Cost of funding earning assets
  • 3.58%Net interest margin
  • 0.75%Noninterest income to earning assets
  • 2.53%Noninterest expense to earning assets
  • 1.03%Net operating income to assets
  • 1.03%Return on assets (ROA)
  • 1.42%Pretax return on assets
  • 8.58%Return on equity (ROE)
  • 8.58%Retained earnings to average equity (YTD only)
  • 0.16%Net charge-offs to loans
  • 199.00%Credit loss provision to net charge-offs
  • 15.03%Efficiency ratio
  • 58,565Assets per employee
  • 6.02%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.67%Loss allowance to noncurrent loans
  • 138.71%Noncurrent assets plus other real estate owned to assets
  • 1.53%Noncurrent loans to loans
  • 1.92%Net loans and leases to deposits
  • 78.86%Net loans and leases to core deposits
  • 88.75%Equity capital to assets
  • 12.69%Core capital (leverage) ratio
  • 12.04%Tier 1 risk-based capital ratio
  • 16.50%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $185,725Average earning assets
  • $22,362Average equity
  • $168,570Average loans

List of branches

  • 3 Wisconsin Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    057063River Cities Bank1601 Lincoln Street, Wisconsin Rapids, WI 54494July 01, 1997Full Service Brick and Mortar
    1363149Stevens Point Branch5709 Windy Drive, Suite A, Stevens Point, WI 54482Febuary 15, 2002Full Service Brick and Mortar
    2511439Baraboo Branch507 Linn Street, Baraboo, WI 53913August 16, 2010Full Service Brick and Mortar

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