The Bank of Brodhead in Brodhead, Wisconsin (WI)



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The Bank of Brodhead
GeneralFDIC Certificate #: 2455
Status: Active
Federal Reserve ID: 517441
Date Established: April 30, 1896
WWW: http://www.bankofbrodhead.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 1 (Domestic: 1, Interstate: No)
OTS Docket #: 14788
FDIC's unique #: 1610
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Agricultural lending institution: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Agricultural 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
LocationAddress: 806 East Exchange, Brodhead, WI 53520
County: Green
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Madison
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Core Based Statistical Area (CBSA): Monroe, WI (#33820)
CBSA Micro Statistical Area: Yes
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $128.2 mil
Equity capital: $17.1 mil
Deposits held in domestic offices: $105.4 mil
Return on assets (ROA): 0.99% ($1.3 mil)
Quarterly return on assets: 0.98% ($1.3 mil)
Return on Equity (ROE): 7.35% ($1.2 mil)
Quarterly return on equity: 7.17% ($1.2 mil)
Net income: $1.2 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 1.36% ($1,743.4 mil)
Quarterly Pretax return on assets: 1.33% ($1,704.9 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)
Total employees (full-time equivalent)30
Total assets$128,189
Cash and due from depository institutions$11,702
Interest-bearing balances$266
Securities$51,942
Federal funds sold & reverse repurchase agreements$1,198
Net loans & leases$59,944
Loan loss allowance $803
Trading account assets$0
Bank premises and fixed assets$925
Other real estate owned$0
Goodwill and other intangibles$100
All other assets$2,378
Life insurance assets$128,189
Total liabilities and capital$111,122
Total liabilities$105,437
Total deposits$86,600
Interest-bearing deposits$105,437
Deposits held in domestic offices$97
% insured (estimated)3636.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$1,300
Other borrowed funds $0
Subordinated debt $749
All other liabilities $17,067
Total equity capital$17,067
Total bank equity capital$17,067
Perpetual preferred stock$0
Common stock$750
Surplus$3,011
Undivided profits $13,306
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $60
Earning assets $29
Long-term assets (5+ years) $1,440
Average Assets, year-to-date $113,350
Average Assets, quarterly $55,407
Volatile liabilities $122,067
Insider loans $124,988
FHLB advances $73,952
Loans and leases held for sale $126,070
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $16,025
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $4,730
Derivatives$1,182
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $5,827
Total interest expense $1,687
Net interest income $4,140
Provision for loan and lease losses $120
Total noninterest income $587
Fiduciary activities $0
Service charges on deposit accounts $180
Trading account gains & fees $0
Additional noninterest income $407
Total noninterest expense $2,948
Salaries and employee benefits $1,864
Premises and equipment expense $239
Additional noninterest expense $845
Pre-tax net operating income $1,659
Securities gains (losses) $0
Applicable income taxes $456
Income before extraordinary items $1,203
Extraordinary gains - net $0
Net income attributable to bank $1,203
Net charge-offs $0
Cash dividends $1,203
Sale, conversion, retirement of capital stock, net $35
Net operating income $331
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.21%
Cost of funding earning assets 1.51%
Net interest margin 3.70%
Noninterest income to earning assets 0.52%
Noninterest expense to earning assets 2.64%
Net operating income to assets 0.99%
Return on assets (ROA) 0.99%
Pretax return on assets 1.36%
Return on equity (ROE) 7.35%
Retained earnings to average equity (YTD only) 5.33%
Net charge-offs to loans 0.06%
Credit loss provision to net charge-offs 342.86%
Efficiency ratio50.83%
Assets per employee$62,365
Cash dividends to net income (YTD only)4.27%
Condition Ratios (%)
Loss allowance to loans 27.51%
Loss allowance to noncurrent loans 1.32%
Noncurrent assets plus other real estate owned to assets 1338.33%
Noncurrent loans to loans 0.05%
Net loans and leases to deposits0.10%
Net loans and leases to core deposits 56.85%
Equity capital to assets 59.79%
Core capital (leverage) ratio 13.31%
Tier 1 risk-based capital ratio 12.71%
Total risk-based capital ratio 21.67%
Memoranda
Average assets$23
Average earning assets$122,067
Average equity $16,361
Average loans $111,813
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1 Wisconsin Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
01610The Bank Of Brodhead806 East Exchange, Brodhead, WI 53520April 30, 1896Full Service Brick and Mortar
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