Shell Lake State Bank in Shell Lake, Wisconsin (WI)
Overview, Financial Summary, Detailed Financial Reports, Branches

Shell Lake State Bank - Overview

  • General
  • FDIC Certificate #: 14911
    Status: Active
    Federal Reserve ID: 896155
    Bank Holding Company (Regulatory Top Holder): Shell Lake Bancorp, Inc. (RSSDID: 1139251, Location: Shell Lake, WI)
    Date Established: November 16, 1916
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 13881
    FDIC's unique #: 9338
    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: Yes
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: December 05, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 102 5th Ave, Shell Lake, WI 54871
    County: Washburn
    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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $148.8 mil
    Equity capital: $28.4 mil
    Deposits held in domestic offices: $111.8 mil
    Return on assets (ROA): 1.96% ($2.9 mil)
    Quarterly return on assets: 1.12% ($1.7 mil)
    Return on Equity (ROE): 10.45% ($2.9 mil)
    Quarterly return on equity: 5.86% ($1.6 mil)
    Net income: $2.8 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 1.97% ($2,932.3 mil)
    Quarterly Pretax return on assets: 1.13% ($1,682.0 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, 2011)

  • Dollar figures in thousands
  • 30Total employees (full-time equivalent)
  • $148,848Total assets
  • $2,945Cash and due from depository institutions
  • $3Interest-bearing balances
  • $69,856Securities
  • $496Federal funds sold & reverse repurchase agreements
  • $71,050Net loans & leases
  • $998Loan loss allowance
  • $0Trading account assets
  • $1,212Bank premises and fixed assets
  • $278Other real estate owned
  • $0Goodwill and other intangibles
  • $148,847Life insurance assets
  • $3,011All other assets
  • $120,425Total liabilities and capital
  • $111,845Total liabilities
  • $91,999Total deposits
  • $111,845Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 1628.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,200Trading liabilities
  • $0Other borrowed funds
  • $752Subordinated debt
  • $28,422All other liabilities
  • $28,422Total equity capital
  • $28,422Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $3,200Surplus
  • $25,022Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,556Income earned, not collected on loans
  • $0Earning assets
  • $921Long-term assets (5+ years)
  • $141,405Average Assets, year-to-date
  • $60,169Average Assets, quarterly
  • $140,975Volatile liabilities
  • $148,134Insider loans
  • $90,654FHLB advances
  • $141,938Loans and leases held for sale
  • $977Unused loan commitments
  • $977Tier 1 (core) risk-based capital
  • $25,315Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $8,481Restructured Loans and leases
  • $295Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,611Total interest income
  • $1,169Total interest expense
  • $5,442Net interest income
  • $360Provision for loan and lease losses
  • $800Total noninterest income
  • $0Fiduciary activities
  • $219Service charges on deposit accounts
  • $0Trading account gains & fees
  • $581Additional noninterest income
  • $3,166Total noninterest expense
  • $1,919Salaries and employee benefits
  • $275Premises and equipment expense
  • $972Additional noninterest expense
  • $2,716Pre-tax net operating income
  • $60Securities gains (losses)
  • $7Applicable income taxes
  • $2,769Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,769Net income attributable to bank
  • $0Net charge-offs
  • $2,769Cash dividends
  • $351Sale, conversion, retirement of capital stock, net
  • $1,538Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.92%Yield on earning assets
  • 0.87%Cost of funding earning assets
  • 4.05%Net interest margin
  • 0.60%Noninterest income to earning assets
  • 2.36%Noninterest expense to earning assets
  • 1.92%Net operating income to assets
  • 1.96%Return on assets (ROA)
  • 1.97%Pretax return on assets
  • 10.45%Return on equity (ROE)
  • 4.64%Retained earnings to average equity (YTD only)
  • 0.50%Net charge-offs to loans
  • 102.56%Credit loss provision to net charge-offs
  • 8.76%Efficiency ratio
  • 50,721Assets per employee
  • 4.96%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 55.54%Loss allowance to loans
  • 1.39%Loss allowance to noncurrent loans
  • 64.14%Noncurrent assets plus other real estate owned to assets
  • 1.23%Noncurrent loans to loans
  • 2.16%Net loans and leases to deposits
  • 63.53%Net loans and leases to core deposits
  • 72.32%Equity capital to assets
  • 19.09%Core capital (leverage) ratio
  • 17.84%Tier 1 risk-based capital ratio
  • 27.92%Total risk-based capital ratio
  • Memoranda
  • $29Average assets
  • $140,975Average earning assets
  • $26,505Average equity
  • $134,242Average loans

List of branches

  • 3 Wisconsin Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09338Shell Lake State Bank102 5th Ave, Shell Lake, WI 54871November 16, 1916Full Service Brick and Mortar
    1232399Sarona BranchCounty Road D, Sarona, WI 54870September 24, 1934Full Service Brick and Mortar
    2232400Spooner Branch219 River Street, Spooner, WI 54801October 18, 1990Full Service Brick and Mortar

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