State Bank of Drummond in Drummond, Wisconsin (WI)
Overview, Financial Summary, Detailed Financial Reports, Branches

State Bank of Drummond - Overview

  • General
  • FDIC Certificate #: 11625
    Status: Active
    Federal Reserve ID: 215251
    Bank Holding Company (Regulatory Top Holder): Drummond Bancshares, Inc. (RSSDID: 1129243, Location: Drummond, WI)
    Date Established: January 01, 1921
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 7432
    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: January 01, 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: 52485 Wisconsin Ave., Drummond, WI 54832
    County: Bayfield
    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: $39.6 mil
    Equity capital: $6.1 mil
    Deposits held in domestic offices: $33.3 mil
    Return on assets (ROA): 1.30% ($0.5 mil)
    Quarterly return on assets: 1.20% ($0.5 mil)
    Return on Equity (ROE): 8.95% ($0.5 mil)
    Quarterly return on equity: 7.83% ($0.5 mil)
    Net income: $0.5 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.42% ($563.0 mil)
    Quarterly Pretax return on assets: 1.17% ($463.9 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
  • 14Total employees (full-time equivalent)
  • $39,648Total assets
  • $2,088Cash and due from depository institutions
  • $496Interest-bearing balances
  • $9,629Securities
  • $1,028Federal funds sold & reverse repurchase agreements
  • $24,094Net loans & leases
  • $543Loan loss allowance
  • $0Trading account assets
  • $635Bank premises and fixed assets
  • $191Other real estate owned
  • $0Goodwill and other intangibles
  • $39,648Life insurance assets
  • $1,983All other assets
  • $33,504Total liabilities and capital
  • $33,311Total liabilities
  • $27,295Total deposits
  • $33,311Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $193Subordinated debt
  • $6,144All other liabilities
  • $6,144Total equity capital
  • $6,144Total bank equity capital
  • $0Perpetual preferred stock
  • $150Common stock
  • $1,100Surplus
  • $4,894Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $691Income earned, not collected on loans
  • $0Earning assets
  • $189Long-term assets (5+ years)
  • $35,247Average Assets, year-to-date
  • $18,617Average Assets, quarterly
  • $40,606Volatile liabilities
  • $40,056Insider loans
  • $26,461FHLB advances
  • $40,183Loans and leases held for sale
  • $1,403Unused loan commitments
  • $1,403Tier 1 (core) risk-based capital
  • $5,872Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,105Restructured Loans and leases
  • $1,148Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,002Total interest income
  • $160Total interest expense
  • $1,842Net interest income
  • $60Provision for loan and lease losses
  • $318Total noninterest income
  • $0Fiduciary activities
  • $148Service charges on deposit accounts
  • $0Trading account gains & fees
  • $170Additional noninterest income
  • $1,523Total noninterest expense
  • $757Salaries and employee benefits
  • $302Premises and equipment expense
  • $464Additional noninterest expense
  • $577Pre-tax net operating income
  • $0Securities gains (losses)
  • $48Applicable income taxes
  • $529Income before extraordinary items
  • $0Extraordinary gains - net
  • $529Net income attributable to bank
  • $0Net charge-offs
  • $529Cash dividends
  • $5Sale, conversion, retirement of capital stock, net
  • $244Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.53%Yield on earning assets
  • 0.44%Cost of funding earning assets
  • 5.09%Net interest margin
  • 0.88%Noninterest income to earning assets
  • 4.21%Noninterest expense to earning assets
  • 1.30%Net operating income to assets
  • 1.30%Return on assets (ROA)
  • 1.42%Pretax return on assets
  • 8.95%Return on equity (ROE)
  • 4.82%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 1200.00%Credit loss provision to net charge-offs
  • 127.40%Efficiency ratio
  • 70,509Assets per employee
  • 2.83%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 46.12%Loss allowance to loans
  • 2.20%Loss allowance to noncurrent loans
  • 78.58%Noncurrent assets plus other real estate owned to assets
  • 3.73%Noncurrent loans to loans
  • 2.80%Net loans and leases to deposits
  • 72.33%Net loans and leases to core deposits
  • 79.75%Equity capital to assets
  • 15.50%Core capital (leverage) ratio
  • 14.61%Tier 1 risk-based capital ratio
  • 22.19%Total risk-based capital ratio
  • Memoranda
  • $23Average assets
  • $40,606Average earning assets
  • $5,911Average equity
  • $36,188Average loans

List of branches

  • 3 Wisconsin Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07432State Bank Of Drummond52485 Wisconsin Ave., Drummond, WI 54832January 01, 1921Full Service Brick and Mortar
    1225261Cable Branch43480 Kavanaugh Road, Cable, WI 54821May 18, 1970Full Service Brick and Mortar
    2225262Barnes Branch50490 State Highway 27, Barnes, WI 54873July 23, 1979Full Service Brick and Mortar

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