Settlers Bank in De Forest, Wisconsin (WI)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Settlers Bank in De Forest, Wisconsin (WI)
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Settlers Bank - Overview

  • General
  • FDIC Certificate #: 58651
    Status: Active
    Federal Reserve ID: 3625664
    Bank Holding Company (Regulatory Top Holder): Sb Bancorp, Inc. (RSSDID: 3625655, Location: Deforest, WI)
    Date Established: December 03, 2007
    WWW: http://www.settlerswi.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 461630
    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: December 03, 2007
    Last Structure Change Effective Date: April 16, 2011
    Last Structure Change Process Date: April 21, 2011
    Last Data Update: April 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 4021 Meridian Drive, De Forest, WI 53532
    County: Dane
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Madison
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Madison, WI (#4720)
    Combined Statistical Area (CSA): Madison-Baraboo, WI (#358)
    Core Based Statistical Area (CBSA): Madison, WI (#31540)
    CBSA Metro Statistical Area: Madison, WI (#31540)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $98.8 mil
    Equity capital: $10.1 mil
    Deposits held in domestic offices: $88.3 mil
    Return on assets (ROA): 0.38% ($0.4 mil)
    Quarterly return on assets: 0.46% ($0.5 mil)
    Return on Equity (ROE): 3.22% ($0.3 mil)
    Quarterly return on equity: 4.11% ($0.4 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.68% ($671.7 mil)
    Quarterly Pretax return on assets: 0.78% ($770.4 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
  • 11Total employees (full-time equivalent)
  • $98,773Total assets
  • $4,936Cash and due from depository institutions
  • $0Interest-bearing balances
  • $1,776Securities
  • $12,738Federal funds sold & reverse repurchase agreements
  • $77,874Net loans & leases
  • $1,103Loan loss allowance
  • $0Trading account assets
  • $522Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $98,773Life insurance assets
  • $927All other assets
  • $88,704Total liabilities and capital
  • $88,329Total liabilities
  • $78,443Total deposits
  • $88,329Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $375Subordinated debt
  • $10,069All other liabilities
  • $10,069Total equity capital
  • $10,069Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $9,734Surplus
  • $-665Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $301Long-term assets (5+ years)
  • $92,388Average Assets, year-to-date
  • $7,650Average Assets, quarterly
  • $83,781Volatile liabilities
  • $90,368Insider loans
  • $74,668FHLB advances
  • $86,395Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $9,543Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,708Restructured Loans and leases
  • $4,611Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,148Total interest income
  • $1,089Total interest expense
  • $3,059Net interest income
  • $219Provision for loan and lease losses
  • $80Total noninterest income
  • $0Fiduciary activities
  • $7Service charges on deposit accounts
  • $0Trading account gains & fees
  • $73Additional noninterest income
  • $2,351Total noninterest expense
  • $1,288Salaries and employee benefits
  • $385Premises and equipment expense
  • $678Additional noninterest expense
  • $569Pre-tax net operating income
  • $0Securities gains (losses)
  • $251Applicable income taxes
  • $318Income before extraordinary items
  • $0Extraordinary gains - net
  • $318Net income attributable to bank
  • $0Net charge-offs
  • $318Cash dividends
  • -$27Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.25%Yield on earning assets
  • 1.38%Cost of funding earning assets
  • 3.87%Net interest margin
  • 0.10%Noninterest income to earning assets
  • 2.97%Noninterest expense to earning assets
  • 0.38%Net operating income to assets
  • 0.38%Return on assets (ROA)
  • 0.68%Pretax return on assets
  • 3.22%Return on equity (ROE)
  • 3.22%Retained earnings to average equity (YTD only)
  • -0.04%Net charge-offs to loans
  • -811.11%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 74,896Assets per employee
  • 8.98%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.40%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 88.16%Net loans and leases to core deposits
  • 149.30%Equity capital to assets
  • 10.19%Core capital (leverage) ratio
  • 11.05%Tier 1 risk-based capital ratio
  • 12.78%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $83,781Average earning assets
  • $9,870Average equity
  • $79,084Average loans

List of branches

  • 1 Wisconsin Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0461630Settlers Bank4021 Meridian Drive, De Forest, WI 53532December 03, 2007Full Service Brick and Mortar

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