Spring Bank in Brookfield, Wisconsin (WI)
Overview, Financial Summary, Detailed Financial Reports, Branches


Spring Bank - Overview

  • General
  • FDIC Certificate #: 58780
    Status: Active
    Federal Reserve ID: 3721605
    Date Established: August 28, 2008
    WWW: http://www.springbankwi.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 #: 467781
    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: August 28, 2008
    Last Structure Change Effective Date: September 28, 2008
    Last Structure Change Process Date: October 02, 2008
    Last Data Update: October 02, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 16655 West Wisconsin Avenue, Suite 100, Brookfield, WI 53005
    County: Waukesha
    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): Milwaukee-Waukesha, WI (#5080)
    Consolidated Metropolitan Statistical Area (CMSA): Milwaukee-Racine, WI (#63)
    Combined Statistical Area (CSA): Milwaukee-Racine-Waukesha, WI (#376)
    Core Based Statistical Area (CBSA): Milwaukee-Waukesha-West Allis, WI (#33340)
    CBSA Metro Statistical Area: Milwaukee-Waukesha-West Allis, WI (#33340)
  • History of Changes
  • Change in Location
    Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $132.9 mil
    Equity capital: $13.2 mil
    Deposits held in domestic offices: $119.4 mil
    Return on assets (ROA): 0.95% ($1.3 mil)
    Quarterly return on assets: 1.09% ($1.4 mil)
    Return on Equity (ROE): 9.50% ($1.2 mil)
    Quarterly return on equity: 10.88% ($1.4 mil)
    Net income: $1.2 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 1.44% ($1,914.4 mil)
    Quarterly Pretax return on assets: 1.64% ($2,180.3 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
  • 16Total employees (full-time equivalent)
  • $132,944Total assets
  • $15,170Cash and due from depository institutions
  • $10,052Interest-bearing balances
  • $12,026Securities
  • $2,800Federal funds sold & reverse repurchase agreements
  • $99,558Net loans & leases
  • $1,778Loan loss allowance
  • $0Trading account assets
  • $59Bank premises and fixed assets
  • $101Other real estate owned
  • $0Goodwill and other intangibles
  • $132,944Life insurance assets
  • $3,230All other assets
  • $119,749Total liabilities and capital
  • $119,400Total liabilities
  • $111,153Total deposits
  • $119,400Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $349Subordinated debt
  • $13,195All other liabilities
  • $13,195Total equity capital
  • $13,195Total bank equity capital
  • $0Perpetual preferred stock
  • $1,260Common stock
  • $11,738Surplus
  • $197Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,388Income earned, not collected on loans
  • $0Earning assets
  • $396Long-term assets (5+ years)
  • $124,436Average Assets, year-to-date
  • $8,142Average Assets, quarterly
  • $125,006Volatile liabilities
  • $129,859Insider loans
  • $99,795FHLB advances
  • $130,680Loans and leases held for sale
  • $1,512Unused loan commitments
  • $1,512Tier 1 (core) risk-based capital
  • $13,095Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $11,727Restructured Loans and leases
  • $4,293Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,030Total interest income
  • $1,494Total interest expense
  • $4,536Net interest income
  • $465Provision for loan and lease losses
  • $118Total noninterest income
  • $0Fiduciary activities
  • $52Service charges on deposit accounts
  • $0Trading account gains & fees
  • $66Additional noninterest income
  • $2,388Total noninterest expense
  • $1,468Salaries and employee benefits
  • $204Premises and equipment expense
  • $716Additional noninterest expense
  • $1,801Pre-tax net operating income
  • $0Securities gains (losses)
  • $613Applicable income taxes
  • $1,188Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,188Net income attributable to bank
  • $0Net charge-offs
  • $1,188Cash dividends
  • $3Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.13%Yield on earning assets
  • 1.27%Cost of funding earning assets
  • 3.86%Net interest margin
  • 0.10%Noninterest income to earning assets
  • 2.03%Noninterest expense to earning assets
  • 0.95%Net operating income to assets
  • 0.95%Return on assets (ROA)
  • 1.44%Pretax return on assets
  • 9.50%Return on equity (ROE)
  • 9.50%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 15500.00%Credit loss provision to net charge-offs
  • 755.33%Efficiency ratio
  • 51,311Assets per employee
  • 8.31%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.75%Loss allowance to noncurrent loans
  • 74.46%Noncurrent assets plus other real estate owned to assets
  • 1.87%Noncurrent loans to loans
  • 2.36%Net loans and leases to deposits
  • 83.38%Net loans and leases to core deposits
  • 90.17%Equity capital to assets
  • 9.93%Core capital (leverage) ratio
  • 10.02%Tier 1 risk-based capital ratio
  • 13.12%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $125,006Average earning assets
  • $12,512Average equity
  • $117,580Average loans

List of branches

  • 1 Wisconsin Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0467781Spring Bank16655 West Wisconsin Avenue, Suite 100, Brookfield, WI 53005August 28, 2008Full Service Brick and Mortar

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