S & C Bank, Polk County in Balsam Lake, Wisconsin (WI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 04, 2001

S & C Bank, Polk County in Balsam Lake, Wisconsin (WI)
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S & C Bank, Polk County - Overview

General
FDIC Certificate #: 15250
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: S & C Bank (#14800)
Federal Reserve ID: 630153
Date Established: August 03, 1903
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Interstate: No)
OTS Docket #: 12661
FDIC's unique #: 9600
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: September 04, 2001
Last Structure Change Process Date: October 25, 2001
Last Data Update: October 25, 2001
Data Source Date: April 05, 2012
Location
Address: 100 Mill Street, Balsam Lake, WI 54810
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: $68.1 mil

1992 - 1999 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, 2000)

Dollar figures in thousands
27Total employees (full-time equivalent)
$68,378Total assets
$2,836Cash and due from depository institutions
$506Interest-bearing balances
$13,178Securities
$0Federal funds sold & reverse repurchase agreements
$50,858Net loans & leases
$960Loan loss allowance
$0Trading account assets
$918Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$588All other assets
$68,378Total liabilities and capital
$62,494Total liabilities
$54,465Total deposits
$47,050Interest-bearing deposits
$54,465Deposits held in domestic offices
0.00%% insured (estimated)
$1,550Federal funds purchased & repurchase agreements
$0Trading liabilities
$6,000Other borrowed funds
$0Subordinated debt
$479All other liabilities
$5,884Total equity capital
$5,884Total bank equity capital
$5,884Perpetual preferred stock
$0Common stock
$460Surplus
$2,400Undivided profits
Memoranda
$3,024Noncurrent loans and leases
$5,857Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$55Earning assets
$0Long-term assets (5+ years)
$341Average Assets, year-to-date
$64,542Average Assets, quarterly
$8,641Volatile liabilities
$65,427Insider loans
$68,792FHLB advances
$6,886Loans and leases held for sale
$289Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,857Total unused commitments
$0Restructured Loans and leases
$559Derivatives

Income and Expense (December 31, 2000)

Dollar figures in thousands
$5,005Total interest income
$2,398Total interest expense
$2,607Net interest income
$140Provision for loan and lease losses
$451Total noninterest income
$0Fiduciary activities
$181Service charges on deposit accounts
$0Trading account gains & fees
$270Additional noninterest income
$1,987Total noninterest expense
$1,051Salaries and employee benefits
$317Premises and equipment expense
$619Additional noninterest expense
$931Pre-tax net operating income
$0Securities gains (losses)
$214Applicable income taxes
$717Income before extraordinary items
$0Extraordinary gains - net
$717Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$7Sale, conversion, retirement of capital stock, net
$1,500Net operating income

Performance and Condition Ratios (December 31, 2000)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.11%Yield on earning assets
3.89%Cost of funding earning assets
4.23%Net interest margin
0.73%Noninterest income to earning assets
3.22%Noninterest expense to earning assets
1.10%Net operating income to assets
1.10%Return on assets (ROA)
1.42%Pretax return on assets
11.65%Return on equity (ROE)
-12.72%Retained earnings to average equity (YTD only)
0.01%Net charge-offs to loans
2000.00%Credit loss provision to net charge-offs
153.00%Efficiency ratio
64,977Assets per employee
2.53%Cash dividends to net income (YTD only)
Condition Ratios (%)
209.21%Loss allowance to loans
1.85%Loss allowance to noncurrent loans
1745.45%Noncurrent assets plus other real estate owned to assets
0.08%Noncurrent loans to loans
0.11%Net loans and leases to deposits
93.38%Net loans and leases to core deposits
103.52%Equity capital to assets
8.61%Core capital (leverage) ratio
8.33%Tier 1 risk-based capital ratio
12.86%Total risk-based capital ratio
Memoranda
$14Average assets
$65,427Average earning assets
$6,154Average equity
$61,698Average loans

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