FDIC Certificate #: 15193 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:S & C Bank (#14800) Federal Reserve ID: 708856 Date Established: May 10, 1910 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) OTS Docket #: 12649 FDIC's unique #: 9556 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 01, 2000 Last Structure Change Process Date: October 11, 2000 Last Data Update: October 11, 2000 Data Source Date: April 05, 2012
Location
Address: 115 Parent Street, Somerset, WI 54025 County: St. Croix 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 Metropolitan Statistical Area (MSA): Minneapolis-St. Paul, MN-WI (#5120) Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378) Core Based Statistical Area (CBSA): Minneapolis-St. Paul-Bloomington, MN-WI (#33460) CBSA Metro Statistical Area: Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
Financial Summary
Total assets: $45.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
19Total employees (full-time equivalent)
$44,154Total assets
$1,359Cash and due from depository institutions
$6Interest-bearing balances
$8,761Securities
$811Federal funds sold & reverse repurchase agreements
$31,136Net loans & leases
$498Loan loss allowance
$0Trading account assets
$1,535Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$552All other assets
$44,154Total liabilities and capital
$39,703Total liabilities
$38,756Total deposits
$33,174Interest-bearing deposits
$38,756Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$701Other borrowed funds
$0Subordinated debt
$246All other liabilities
$4,451Total equity capital
$4,451Total bank equity capital
$4,451Perpetual preferred stock
$0Common stock
$290Surplus
$2,210Undivided profits
Memoranda
$1,951Noncurrent loans and leases
$3,838Noncurrent 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)
$197Average Assets, year-to-date
$40,714Average Assets, quarterly
$6,665Volatile liabilities
$42,916Insider loans
$43,877FHLB advances
$5,216Loans and leases held for sale
$1,168Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,838Total unused commitments
$0Restructured Loans and leases
$403Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$3,123Total interest income
$1,482Total interest expense
$1,641Net interest income
$90Provision for loan and lease losses
$267Total noninterest income
$0Fiduciary activities
$159Service charges on deposit accounts
$0Trading account gains & fees
$108Additional noninterest income
$1,396Total noninterest expense
$677Salaries and employee benefits
$221Premises and equipment expense
$498Additional noninterest expense
$422Pre-tax net operating income
$0Securities gains (losses)
$90Applicable income taxes
$332Income before extraordinary items
$0Extraordinary gains - net
$332Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$13Sale, conversion, retirement of capital stock, net
$150Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.92%Yield on earning assets
3.76%Cost of funding earning assets
4.16%Net interest margin
0.68%Noninterest income to earning assets
3.54%Noninterest expense to earning assets
0.77%Net operating income to assets
0.77%Return on assets (ROA)
0.98%Pretax return on assets
7.44%Return on equity (ROE)
4.08%Retained earnings to average equity (YTD only)
0.04%Net charge-offs to loans
692.31%Credit loss provision to net charge-offs
39.38%Efficiency ratio
73,166Assets per employee
2.32%Cash dividends to net income (YTD only)
Condition Ratios (%)
45.18%Loss allowance to loans
1.57%Loss allowance to noncurrent loans
905.45%Noncurrent assets plus other real estate owned to assets
0.12%Noncurrent loans to loans
0.17%Net loans and leases to deposits
80.34%Net loans and leases to core deposits
90.93%Equity capital to assets
10.08%Core capital (leverage) ratio
10.37%Tier 1 risk-based capital ratio
14.18%Total risk-based capital ratio
Memoranda
$15Average assets
$42,916Average earning assets
$4,463Average equity
$39,412Average loans
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