Southport Bank in Kenosha, Wisconsin (WI)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Southport Bank in Kenosha, Wisconsin (WI)
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Southport Bank - Overview

  • General
  • FDIC Certificate #: 34289
    Status: Active
    Federal Reserve ID: 2576143
    Bank Holding Company (Regulatory Top Holder): Southport Financial Corporation (RSSDID: 3114056, Location: Kenosha, WI)
    Date Established: May 22, 1997
    WWW: http://www.southportbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 14638
    FDIC's unique #: 57048
    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: Commercial Lending Specialization
    Date of Deposit Insurance: May 22, 1997
    Last Structure Change Effective Date: May 06, 2011
    Last Structure Change Process Date: June 15, 2011
    Last Data Update: June 15, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 7027 Green Bay Road, Kenosha, WI 53142
    County: Kenosha
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Milwaukee
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Kenosha, WI (#3800)
    Consolidated Metropolitan Statistical Area (CMSA): Chicago-Gary-Kenosha, IL-IN-WI (#14)
    Combined Statistical Area (CSA): Chicago-Naperville-Michigan City, IL-IN-WI (#176)
    Core Based Statistical Area (CBSA): Chicago-Joliet-Naperville, IL-IN-WI (#16980)
    CBSA Metro Statistical Area: Chicago-Joliet-Naperville, IL-IN-WI (#16980)
    Core Based Statistical Division: Lake County-Kenosha County, IL-WI (#29404)
  • Financial Summary
  • Total assets: $282.6 mil
    Equity capital: $16.7 mil
    Deposits held in domestic offices: $227.0 mil
    Return on assets (ROA): -0.42% (-$1.2 mil)
    Quarterly return on assets: -0.65% (-$1.8 mil)
    Return on Equity (ROE): -7.51% (-$1.3 mil)
    Quarterly return on equity: -11.10% (-$1.9 mil)
    Net income: -$1.3 mil
    Quarterly Net income: -$0.5 mil
    Pretax return on assets: -0.42% (-$1,186.8 mil)
    Quarterly Pretax return on assets: -0.65% (-$1,836.7 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
  • 65Total employees (full-time equivalent)
  • $282,570Total assets
  • $19,777Cash and due from depository institutions
  • $16,299Interest-bearing balances
  • $32,245Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $208,161Net loans & leases
  • $15,144Loan loss allowance
  • $0Trading account assets
  • $6,409Bank premises and fixed assets
  • $8,000Other real estate owned
  • $0Goodwill and other intangibles
  • $282,570Life insurance assets
  • $7,978All other assets
  • $265,861Total liabilities and capital
  • $227,014Total liabilities
  • $186,218Total deposits
  • $227,014Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 1706.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $35,000Trading liabilities
  • $0Other borrowed funds
  • $2,141Subordinated debt
  • $16,709All other liabilities
  • $16,709Total equity capital
  • $16,709Total bank equity capital
  • $0Perpetual preferred stock
  • $530Common stock
  • $44,008Surplus
  • $-27,829Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $20,863Income earned, not collected on loans
  • $162Earning assets
  • $794Long-term assets (5+ years)
  • $256,705Average Assets, year-to-date
  • $13,072Average Assets, quarterly
  • $309,255Volatile liabilities
  • $287,196Insider loans
  • $238,054FHLB advances
  • $289,696Loans and leases held for sale
  • $2,807Unused loan commitments
  • $2,807Tier 1 (core) risk-based capital
  • $16,733Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $20,388Restructured Loans and leases
  • $14,557Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $15,098Total interest income
  • $4,238Total interest expense
  • $10,860Net interest income
  • $1,800Provision for loan and lease losses
  • $53Total noninterest income
  • $0Fiduciary activities
  • $692Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$639Additional noninterest income
  • $10,447Total noninterest expense
  • $4,425Salaries and employee benefits
  • $1,008Premises and equipment expense
  • $5,014Additional noninterest expense
  • -$1,334Pre-tax net operating income
  • $33Securities gains (losses)
  • $6Applicable income taxes
  • -$1,307Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,307Net income attributable to bank
  • $0Net charge-offs
  • -$1,307Cash dividends
  • $9,499Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.36%Yield on earning assets
  • 1.51%Cost of funding earning assets
  • 3.86%Net interest margin
  • 0.02%Noninterest income to earning assets
  • 3.71%Noninterest expense to earning assets
  • -0.43%Net operating income to assets
  • -0.42%Return on assets (ROA)
  • -0.42%Pretax return on assets
  • -7.51%Return on equity (ROE)
  • -7.51%Retained earnings to average equity (YTD only)
  • 3.78%Net charge-offs to loans
  • 18.95%Credit loss provision to net charge-offs
  • 0.05%Efficiency ratio
  • 95,730Assets per employee
  • 4.35%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 6.78%Loss allowance to noncurrent loans
  • 72.59%Noncurrent assets plus other real estate owned to assets
  • 10.21%Noncurrent loans to loans
  • 9.34%Net loans and leases to deposits
  • 91.70%Net loans and leases to core deposits
  • 102.95%Equity capital to assets
  • 5.91%Core capital (leverage) ratio
  • 5.78%Tier 1 risk-based capital ratio
  • 7.03%Total risk-based capital ratio
  • Memoranda
  • $8Average assets
  • $309,255Average earning assets
  • $17,394Average equity
  • $281,492Average loans

List of branches

  • 3 Wisconsin Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    057048Southport Bank7027 Green Bay Road, Kenosha, WI 53142May 22, 1997Full Service Brick and Mortar
    1334300Paddock Lake Branch23604 75th Street, Salem, WI 53168Febuary 29, 2000Full Service Brick and Mortar
    4358834Somers Branch1350 22nd Avenue, Kenosha, WI 53140October 16, 2000Full Service Brick and Mortar

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