Sterling Bank in Barron, Wisconsin (WI)
Overview, Financial Summary, Detailed Financial Reports, Branches

Sterling Bank - Overview

  • General
  • FDIC Certificate #: 6195
    Status: Active
    Federal Reserve ID: 628356
    Bank Holding Company (Regulatory Top Holder): Northwest Wisconsin Bancorp, Inc. (RSSDID: 2176105, Location: Eau Claire, WI)
    Date Established: May 01, 1885
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 4176
    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: 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: 234 East La Salle Avenue, Barron, WI 54812
    County: Barron
    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: $190.4 mil
    Equity capital: $15.9 mil
    Deposits held in domestic offices: $170.0 mil
    Return on assets (ROA): 1.86% ($3.5 mil)
    Quarterly return on assets: 1.85% ($3.5 mil)
    Return on Equity (ROE): 22.10% ($3.5 mil)
    Quarterly return on equity: 22.00% ($3.5 mil)
    Net income: $3.5 mil
    Quarterly Net income: $0.9 mil
    Pretax return on assets: 1.88% ($3,579.2 mil)
    Quarterly Pretax return on assets: 1.86% ($3,541.1 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
  • 53Total employees (full-time equivalent)
  • $190,381Total assets
  • $16,431Cash and due from depository institutions
  • $11,840Interest-bearing balances
  • $53,738Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $114,310Net loans & leases
  • $1,655Loan loss allowance
  • $0Trading account assets
  • $3,518Bank premises and fixed assets
  • $201Other real estate owned
  • $0Goodwill and other intangibles
  • $190,381Life insurance assets
  • $2,183All other assets
  • $174,508Total liabilities and capital
  • $170,034Total liabilities
  • $148,330Total deposits
  • $170,034Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,750Trading liabilities
  • $0Other borrowed funds
  • $724Subordinated debt
  • $15,873All other liabilities
  • $15,873Total equity capital
  • $15,873Total bank equity capital
  • $0Perpetual preferred stock
  • $300Common stock
  • $6,014Surplus
  • $9,559Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $177Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $48Income earned, not collected on loans
  • $0Earning assets
  • $1,011Long-term assets (5+ years)
  • $179,888Average Assets, year-to-date
  • $38,926Average Assets, quarterly
  • $186,110Volatile liabilities
  • $190,547Insider loans
  • $131,394FHLB advances
  • $189,192Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $15,764Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $15,227Restructured Loans and leases
  • $4,245Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,829Total interest income
  • $1,736Total interest expense
  • $7,093Net interest income
  • $0Provision for loan and lease losses
  • $928Total noninterest income
  • $0Fiduciary activities
  • $238Service charges on deposit accounts
  • $0Trading account gains & fees
  • $690Additional noninterest income
  • $4,529Total noninterest expense
  • $2,719Salaries and employee benefits
  • $644Premises and equipment expense
  • $1,166Additional noninterest expense
  • $3,492Pre-tax net operating income
  • $0Securities gains (losses)
  • $27Applicable income taxes
  • $3,465Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,465Net income attributable to bank
  • $0Net charge-offs
  • $3,465Cash dividends
  • $6Sale, conversion, retirement of capital stock, net
  • $2,472Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.01%Yield on earning assets
  • 0.98%Cost of funding earning assets
  • 4.02%Net interest margin
  • 0.53%Noninterest income to earning assets
  • 2.57%Noninterest expense to earning assets
  • 1.86%Net operating income to assets
  • 1.86%Return on assets (ROA)
  • 1.88%Pretax return on assets
  • 22.10%Return on equity (ROE)
  • 6.33%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 582.00%Efficiency ratio
  • 56,464Assets per employee
  • 3.59%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 71.34%Loss allowance to loans
  • 1.43%Loss allowance to noncurrent loans
  • 3447.92%Noncurrent assets plus other real estate owned to assets
  • 0.13%Noncurrent loans to loans
  • 0.04%Net loans and leases to deposits
  • 67.23%Net loans and leases to core deposits
  • 75.61%Equity capital to assets
  • 8.34%Core capital (leverage) ratio
  • 8.33%Tier 1 risk-based capital ratio
  • 12.00%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $186,110Average earning assets
  • $15,680Average equity
  • $176,313Average loans

List of branches

  • 4 Wisconsin Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    04176Sterling Bank234 East La Salle Avenue, Barron, WI 54812May 01, 1885Full Service Brick and Mortar
    110098Chetek Branch427 Second Street, Chetek, WI 54728December 06, 1941Full Service Brick and Mortar
    2365404Luck Branch2547 State Route 35, Luck, WI 54853August 01, 2002Full Service Brick and Mortar
    3432320Rice Lake Branch311 North Main Street, Rice Lake, WI 54868September 21, 2004Full Service Brick and Mortar

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