Rural American Bank - Luck in Luck, Wisconsin (WI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 21, 2011

  • Rural American Bank - Luck in Luck, Wisconsin (WI)
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Rural American Bank - Luck - Overview

  • General
  • FDIC Certificate #: 9525
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Frandsen Bank & Trust (#1399)
    Federal Reserve ID: 521756
    Date Established: January 24, 1931
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    OTS Docket #: 14613
    FDIC's unique #: 6121
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 21, 2011
    Last Structure Change Process Date: March 30, 2011
    Last Data Update: March 30, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 200 Main Street South, Luck, WI 54853
    County: Polk
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Eau Claire
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
  • Financial Summary
  • Total assets: $55.3 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, 2010)

  • Dollar figures in thousands
  • 16Total employees (full-time equivalent)
  • $55,269Total assets
  • $1,442Cash and due from depository institutions
  • $466Interest-bearing balances
  • $17,007Securities
  • $100Federal funds sold & reverse repurchase agreements
  • $34,099Net loans & leases
  • $890Loan loss allowance
  • $0Trading account assets
  • $454Bank premises and fixed assets
  • $254Other real estate owned
  • $0Goodwill and other intangibles
  • $1,188Life insurance assets
  • $1,913All other assets
  • $55,269Total liabilities and capital
  • $51,127Total liabilities
  • $49,572Total deposits
  • $43,036Interest-bearing deposits
  • $49,572Deposits held in domestic offices
  • 96.79%% insured (estimated)
  • $1,330Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $225All other liabilities
  • $4,142Total equity capital
  • $4,142Total bank equity capital
  • $4,142Perpetual preferred stock
  • $0Common stock
  • $200Surplus
  • $2,130Undivided profits
  • Memoranda
  • $1,812Noncurrent loans and leases
  • $3,589Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,250Earning assets
  • $0Long-term assets (5+ years)
  • $204Average Assets, year-to-date
  • $51,672Average Assets, quarterly
  • $13,374Volatile liabilities
  • $55,811Insider loans
  • $55,595FHLB advances
  • $6,625Loans and leases held for sale
  • $136Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,589Total unused commitments
  • $52Restructured Loans and leases
  • $459Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $2,798Total interest income
  • $657Total interest expense
  • $2,141Net interest income
  • $230Provision for loan and lease losses
  • $815Total noninterest income
  • $0Fiduciary activities
  • $295Service charges on deposit accounts
  • $0Trading account gains & fees
  • $520Additional noninterest income
  • $1,914Total noninterest expense
  • $899Salaries and employee benefits
  • $174Premises and equipment expense
  • $841Additional noninterest expense
  • $812Pre-tax net operating income
  • $3Securities gains (losses)
  • $1Applicable income taxes
  • $814Income before extraordinary items
  • $0Extraordinary gains - net
  • $814Net income attributable to bank
  • $0Net charge-offs
  • $814Cash dividends
  • $53Sale, conversion, retirement of capital stock, net
  • $770Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.39%Yield on earning assets
  • 1.27%Cost of funding earning assets
  • 4.12%Net interest margin
  • 1.57%Noninterest income to earning assets
  • 3.69%Noninterest expense to earning assets
  • 1.45%Net operating income to assets
  • 1.46%Return on assets (ROA)
  • 1.46%Pretax return on assets
  • 19.24%Return on equity (ROE)
  • 1.04%Retained earnings to average equity (YTD only)
  • 0.14%Net charge-offs to loans
  • 433.96%Credit loss provision to net charge-offs
  • 19.66%Efficiency ratio
  • 64,750Assets per employee
  • 3.45%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 94.59%Loss allowance to loans
  • 2.54%Loss allowance to noncurrent loans
  • 71.20%Noncurrent assets plus other real estate owned to assets
  • 2.72%Noncurrent loans to loans
  • 3.57%Net loans and leases to deposits
  • 68.79%Net loans and leases to core deposits
  • 77.01%Equity capital to assets
  • 7.49%Core capital (leverage) ratio
  • 7.22%Tier 1 risk-based capital ratio
  • 11.32%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $55,811Average earning assets
  • $4,231Average equity
  • $51,914Average loans

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