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


State Bank of Florence - Overview

  • General
  • FDIC Certificate #: 15146
    Status: Active
    Federal Reserve ID: 576354
    Bank Holding Company (Regulatory Top Holder): Florence Bancorporation, Inc. (RSSDID: 1125432, Location: Florence, WI)
    Date Established: January 01, 1891
    WWW: http://www.florencestatebank.com
    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 #: 14106
    FDIC's unique #: 9516
    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: May 16, 1935
    Last Structure Change Effective Date: June 01, 2006
    Last Structure Change Process Date: June 09, 2006
    Last Data Update: June 09, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 541 Central Avenue, Florence, WI 54121
    County: Florence
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Appleton
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Core Based Statistical Area (CBSA): Iron Mountain, MI-WI (#27020)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $72.2 mil
    Equity capital: $7.0 mil
    Deposits held in domestic offices: $60.4 mil
    Return on assets (ROA): 0.52% ($0.4 mil)
    Quarterly return on assets: 0.58% ($0.4 mil)
    Return on Equity (ROE): 5.79% ($0.4 mil)
    Quarterly return on equity: 6.02% ($0.4 mil)
    Net income: $0.4 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.60% ($433.1 mil)
    Quarterly Pretax return on assets: 0.76% ($548.6 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
  • 23Total employees (full-time equivalent)
  • $72,182Total assets
  • $6,447Cash and due from depository institutions
  • $1,768Interest-bearing balances
  • $14,679Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $44,521Net loans & leases
  • $826Loan loss allowance
  • $0Trading account assets
  • $2,473Bank premises and fixed assets
  • $650Other real estate owned
  • $0Goodwill and other intangibles
  • $72,182Life insurance assets
  • $3,412All other assets
  • $65,153Total liabilities and capital
  • $60,391Total liabilities
  • $53,430Total deposits
  • $60,391Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,000Trading liabilities
  • $0Other borrowed funds
  • $762Subordinated debt
  • $7,029All other liabilities
  • $7,029Total equity capital
  • $7,029Total bank equity capital
  • $0Perpetual preferred stock
  • $106Common stock
  • $3,000Surplus
  • $3,923Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,086Income earned, not collected on loans
  • $66Earning assets
  • $308Long-term assets (5+ years)
  • $60,968Average Assets, year-to-date
  • $21,481Average Assets, quarterly
  • $74,724Volatile liabilities
  • $72,525Insider loans
  • $53,176FHLB advances
  • $72,698Loans and leases held for sale
  • $1,764Unused loan commitments
  • $1,764Tier 1 (core) risk-based capital
  • $6,883Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,096Restructured Loans and leases
  • $643Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,766Total interest income
  • $908Total interest expense
  • $2,858Net interest income
  • $359Provision for loan and lease losses
  • $499Total noninterest income
  • $0Fiduciary activities
  • $78Service charges on deposit accounts
  • $0Trading account gains & fees
  • $421Additional noninterest income
  • $2,792Total noninterest expense
  • $1,181Salaries and employee benefits
  • $387Premises and equipment expense
  • $1,224Additional noninterest expense
  • $206Pre-tax net operating income
  • $241Securities gains (losses)
  • $55Applicable income taxes
  • $392Income before extraordinary items
  • $0Extraordinary gains - net
  • $392Net income attributable to bank
  • $0Net charge-offs
  • $392Cash dividends
  • $339Sale, conversion, retirement of capital stock, net
  • $169Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.91%Yield on earning assets
  • 1.42%Cost of funding earning assets
  • 4.48%Net interest margin
  • 0.78%Noninterest income to earning assets
  • 4.38%Noninterest expense to earning assets
  • 0.24%Net operating income to assets
  • 0.52%Return on assets (ROA)
  • 0.60%Pretax return on assets
  • 5.79%Return on equity (ROE)
  • 3.29%Retained earnings to average equity (YTD only)
  • 0.71%Net charge-offs to loans
  • 105.90%Credit loss provision to net charge-offs
  • 1.67%Efficiency ratio
  • 83,169Assets per employee
  • 3.14%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 43.11%Loss allowance to loans
  • 1.82%Loss allowance to noncurrent loans
  • 26.77%Noncurrent assets plus other real estate owned to assets
  • 5.18%Noncurrent loans to loans
  • 6.81%Net loans and leases to deposits
  • 73.72%Net loans and leases to core deposits
  • 93.00%Equity capital to assets
  • 9.74%Core capital (leverage) ratio
  • 9.47%Tier 1 risk-based capital ratio
  • 12.94%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $74,724Average earning assets
  • $6,768Average equity
  • $63,752Average loans

List of branches

  • 3 Wisconsin Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09516State Bank Of Florence541 Central Avenue, Florence, WI 54121January 01, 1891Full Service Brick and Mortar
    1432355Aurora BranchW627 Co Rd N, Niagara, WI 54151September 27, 2004Full Service Brick and Mortar
    2451654Wausaukee Branch290 Main Street, Wausaukee, WI 54177June 05, 2006Full Service Brick and Mortar

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