The Greenwood's State Bank in Lake Mills, Wisconsin (WI)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • The Greenwood's State Bank in Lake Mills, Wisconsin (WI)
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The Greenwood's State Bank - Overview

  • General
  • FDIC Certificate #: 11623
    Status: Active
    Federal Reserve ID: 576644
    Bank Holding Company (Regulatory Top Holder): Greenwoods Financial Group, Inc. (RSSDID: 3618536, Location: Lake Mills, WI)
    Date Established: October 22, 1883
    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 #: 13014
    FDIC's unique #: 7431
    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: 117 North Main Street, Lake Mills, WI 53551
    County: Jefferson
    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
    Core Based Statistical Area (CBSA): Watertown-Fort Atkinson, WI (#48020)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $61.5 mil
    Equity capital: $7.3 mil
    Deposits held in domestic offices: $49.9 mil
    Return on assets (ROA): 0.17% ($0.1 mil)
    Quarterly return on assets: 1.24% ($0.8 mil)
    Return on Equity (ROE): 1.52% ($0.1 mil)
    Quarterly return on equity: 10.76% ($0.8 mil)
    Net income: $0.1 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.17% ($104.5 mil)
    Quarterly Pretax return on assets: 1.24% ($762.1 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
  • 17Total employees (full-time equivalent)
  • $61,457Total assets
  • $2,350Cash and due from depository institutions
  • $1,240Interest-bearing balances
  • $4,611Securities
  • $4,332Federal funds sold & reverse repurchase agreements
  • $44,853Net loans & leases
  • $733Loan loss allowance
  • $0Trading account assets
  • $1,817Bank premises and fixed assets
  • $982Other real estate owned
  • $1,424Goodwill and other intangibles
  • $61,457Life insurance assets
  • $1,088All other assets
  • $54,186Total liabilities and capital
  • $49,905Total liabilities
  • $37,915Total deposits
  • $49,905Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,060Trading liabilities
  • $0Other borrowed funds
  • $221Subordinated debt
  • $7,271All other liabilities
  • $7,271Total equity capital
  • $7,271Total bank equity capital
  • $0Perpetual preferred stock
  • $33Common stock
  • $18,313Surplus
  • $-11,075Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,275Income earned, not collected on loans
  • $0Earning assets
  • $117Long-term assets (5+ years)
  • $55,036Average Assets, year-to-date
  • $8,403Average Assets, quarterly
  • $61,828Volatile liabilities
  • $62,712Insider loans
  • $51,302FHLB advances
  • $60,093Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $5,792Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $9,086Restructured Loans and leases
  • $2,940Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,597Total interest income
  • $512Total interest expense
  • $2,085Net interest income
  • $250Provision for loan and lease losses
  • $578Total noninterest income
  • $0Fiduciary activities
  • $107Service charges on deposit accounts
  • $0Trading account gains & fees
  • $471Additional noninterest income
  • $2,363Total noninterest expense
  • $1,342Salaries and employee benefits
  • $245Premises and equipment expense
  • $776Additional noninterest expense
  • $50Pre-tax net operating income
  • $58Securities gains (losses)
  • $0Applicable income taxes
  • $108Income before extraordinary items
  • $0Extraordinary gains - net
  • $108Net income attributable to bank
  • $0Net charge-offs
  • $108Cash dividends
  • $637Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.64%Yield on earning assets
  • 0.91%Cost of funding earning assets
  • 3.72%Net interest margin
  • 1.03%Noninterest income to earning assets
  • 4.22%Noninterest expense to earning assets
  • 0.08%Net operating income to assets
  • 0.17%Return on assets (ROA)
  • 0.17%Pretax return on assets
  • 1.52%Return on equity (ROE)
  • 1.52%Retained earnings to average equity (YTD only)
  • 1.44%Net charge-offs to loans
  • 39.25%Credit loss provision to net charge-offs
  • 0.47%Efficiency ratio
  • 88,735Assets per employee
  • 3.62%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.61%Loss allowance to noncurrent loans
  • 57.49%Noncurrent assets plus other real estate owned to assets
  • 3.67%Noncurrent loans to loans
  • 2.80%Net loans and leases to deposits
  • 89.88%Net loans and leases to core deposits
  • 92.42%Equity capital to assets
  • 11.83%Core capital (leverage) ratio
  • 9.64%Tier 1 risk-based capital ratio
  • 11.29%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $61,828Average earning assets
  • $7,114Average equity
  • $56,024Average loans

List of branches

  • 3 Wisconsin Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07431The Greenwood's State Bank117 North Main Street, Lake Mills, WI 53551October 22, 1883Full Service Brick and Mortar
    2483223Rio Branch575 South Lowville Road, Rio, WI 53960December 17, 2008Full Service Brick and Mortar
    3491124Fort Atkinson Lpo211 South Main Street, Fort Atkinson, WI 53538June 01, 2009Limited Service Loan Production

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