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- Banks in Wisconsin (WI)
- Rural American Bank - Luck
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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- Banks in Wisconsin (WI)
- Rural American Bank - Luck
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